By extending their unbeaten run to nine games, Leicester officially knocked Manchester City and Arsenal out of the title race a year after the central England team’s priority was fighting relegation. Fourth-place Arsenal, who have gone 12 years without winning the league, were held 0-0 by Sunderland in yesterday’s other game. It was a valuable point for Sunderland, who climbed out of the relegation zone by going above Norwich on goal difference. “It is frustrating because we play to win the title,” Arsenal manager Arsene Wenger said. Arsenal’s season now rests on holding on to fourth place and qualifying for the Champions League, with Manchester United five points behind in fifth place. United also have an FA Cup final to look forward to. Louis van Gaal’s side discovered yesterday that they will face Crystal Palace on May 21 in a repeat of the 1990 final. In a semi-final overshadowed by Leicester’s game, Palace beat Watford 2-1 with all three goals coming from headers. Yannick Bolasie’s opener was cancelled out by Troy Deeney but Connor Wickham restored Palace’s lead. United also beat Everton 2-1 on Saturday. MAN CITY OUT LONDON (AP): No Jamie Vardy, no problem for Leicester. Even with their top-scorer suspended, the Premier League leaders still overpowered Swansea 4-0 yesterday to move another step closer to collecting the trophy. The only team which can now catch Leicester is Tottenham, but the preseason 5,000-1 outsiders have their destiny in their own hands. Tottenham are eight points behind Leicester in second place going into today’s game against West Bromwich Albion. Regardless of what Tottenham do in their last four games, Leicester will be guaranteed the top flight for the first time in its 132-year history by collecting five points from their remaining three fixtures. Leicester dismantled Swansea with their biggest win in three months. Vardy’s replacement, Leonardo Ulloa, scored twice after Riyad Mahrez’s opener and Marc Albrighton completed the rout. “I talked to my players before the match and I said we had a dream so far, now make a dream reality,” Leicester manager Claudio Ranieri said. “Now is the right moment to push. If Tottenham are better than us, OK, but we have to fight because we will never have this fantastic moment (again). “Now there are only three matches, we know they are very important for our history but for this reason we give everything. We play with our hearts and it’s difficult to beat those who play with the heart and soul.” The attacking threat provided without 22-goal Vardy will have reassured the Foxes they can cope without him for longer. The England striker is waiting to discover from the English Football Association if his one-match ban will be extended over the angry reaction to being sent off in last weekend’s draw against West Ham. “Without Jamie, everyone makes something more and it was a fantastic show to see my players fight and play together,” Ranieri said.
SANTA CLARA — Coach Kyle Shanahan said the 49ers will be without receiver Pierre Garçon and guard Joshua Garnett against the Tampa Bay Buccaneers and that linebacker Reuben Foster is questionable to return.Foster has not played since he suffered a hamstring injury in the first half of the 49ers’ 18-15 loss to Arizona on Oct. 28 and Friday marked the third straight day he’s been limited in practice.“He’s looked better each day,” Shanahan said. “This has been his first week of practice, but …
Share Facebook Twitter Google + LinkedIn Pinterest The dust settled last week after the USDA news reporting upcoming massive corn acre estimates. With the recent 20-cent corn decline and 50-cent bean rally (over the last several weeks), many traders think farmers will switch more corn acres to beans. While logical, I’m not sure that will happen at levels traders anticipate. Farmers I speak with are not planning to make changes due to logistics or sunk fertilizer costs already applied.Similarly in the Dakotas, some traders think corn acres could be switched to spring wheat. Again while logical, after running the numbers, most farmers would need wheat to rally another 50 cents (compared to corn) to make this more profitable.Weather in the Delta may bring an opportunity to switch acres, but it’s such a small growing region that farmers in that area would need to switch 50% of acres to beans to have any impact. This isn’t likely.Lastly, don’t forget about insurance guarantees, which are the most attractive for corn. This year, farmers may try for the least loss of revenue, which may be accomplished by planting corn. Weather is always a factorBullish traders remember in 2012 the largest corn crop was expected in modern history, but ultimately the drought happened and changed everything. It’s important to note though, the drought impact of 2012 was the third year in a row with below average rainfall for the Corn Belt. The strongest El Niño on record prior to 15-16 was 97-98, where crop yields were normal and prices drifted lower into the 1998 harvest. There have been six similar El Niño events similar to 15-16 in the last 50 years and they all had different outcomes, so it’s hard to estimate future weather’s impact based upon so few historical events. Adding updated seed genetics and farmer technology makes comparisons even more difficult.That being said, if I didn’t think weather could still impact this market I would be 100% priced, which I’m not.Market actionBeansConsidering the recent bean rally, I priced 20% more of my 2016 beans last week at $9.21 against Nov. With this I am 40% priced for 2016. CornAfter letting the trade digest the release of the USDA report I still feel concerned that I am not far enough along in my 2016 corn marketing. I’m still not prepared to sell more futures at $3.75 against the Dec, but I want some downside protection while leaving me some upside potential.I bought a $3.70 put and sold a $3.30 put for 17 cents. I then sold a $4 Dec call for 18 cents to help offset the put spread cost. This trade represents about 5% of my anticipated production for 2016. With brokerage commissions this trade cost me less than a half cent per bushel and expires near Thanksgiving.What does it mean?• Below $3.70 but above $3.30 I get $3.70 for my corn• Below $3.30 I take the price of corn but I add 40 cents on to the price, thus $3 futures would mean my corn is worth $3.40• $3.20 futures would mean my corn is worth $3.60• Above $3.70 but below $4.00 I get whatever price corn is trading• Above $4 and I only get $4 regardless how high corn goesIn all the cases above I have to subtract a half cent from the final price to cover the cost of placing the trade.While I don’t know if this trade is ultimately the correct one, I’m pleased with the flexibility it offers and I’m comfortable with all the price outcomes possible, knowing what I know now after report. Basically, if prices go lower I have some protection, but if they go a little higher, I can take advantage. I certainly hope that futures rally above $4 this year, but I don’t want the risk if they do not.Lifting hedgesRecently a farmer asked me if I like to “lift hedges” if the market moves lower and has the possibility of bottoming out. The short and simple answer is no, I don’t lift hedges.Why?“Lifting hedges” is code for speculating. I don’t want to be a speculator with my marketing program. I have hedges in place so I know exactly where my grain is marketed. Additionally, my banker is completely on board with my program, and the last thing they want is me speculating. My banker trusts I am doing sound marketing that minimizes risk. I never want to violate that trust.How big of a hedging line do I need?A new client was surprised to find they received a hedge line with their bank that was bigger than their operating loan. While they may never need more than 25% of the hedge line, the rest is available should a margin call be needed. The bigger surprise to my new client…the banker was completely supportive of the large hedging line. This banker understood “Risk Off Hedging” and what was needed to make it successful.It helped the banker had followed my marketing strategy for many years and felt comfortable with his clients taking advantage of opportunity. However, I find most bankers understand hedging and prefer clients use proper hedging techniques versus speculating. I always speak with new clients’ bankers BEFORE starting a marketing program so I can verify the client and their banker are on the same page. We never want surprises down the road when margin calls accumulate.Why are few farmers doing “Risk Off Hedging”?Speaking with bankers, few farmers are taking advantage of this kind of marketing strategy. “Risk Off Hedging” isn’t sexy or exciting. It’s boring and safe, which unfortunately is not something most people like to participate in. However, boring and safe helps me sleep at night and understand/realize future farm operation profits.Be cautious of advice that suggests lifting hedges. It might turn out to be great advice, but remember you have another crop coming in less than a year that will need to be marketed. Adding more pressure to sell additional bushels in an uncertain market puts farmers in a risky position. What if the market really hasn’t bottomed out?Jon grew up raising corn and soybeans on a farm near Beatrice, NE. Upon graduation from The University of Nebraska in Lincoln, he became a grain merchandiser and has been trading corn, soybeans and other grains for the last 18 years, building relationships with end-users in the process. After successfully marketing his father’s grain and getting his MBA, 10 years ago he started helping farmer clients market their grain based upon his principals of farmer education, reducing risk, understanding storage potential and using basis strategy to maximize individual farm operation profits. A big believer in farmer education of futures trading, Jon writes a weekly commentary to farmers interested in learning more and growing their farm operations.Trading of futures, options, swaps and other derivatives is risky and is not suitable for all persons. All of these investment products are leveraged, and you can lose more than your initial deposit. Each investment product is offered only to and from jurisdictions where solicitation and sale are lawful, and in accordance with applicable laws and regulations in such jurisdiction. The information provided here should not be relied upon as a substitute for independent research before making your investment decisions. Superior Feed Ingredients, LLC is merely providing this information for your general information and the information does not take into account any particular individual’s investment objectives, financial situation, or needs. All investors should obtain advice based on their unique situation before making any investment decision. The contents of this communication and any attachments are for informational purposes only and under no circumstances should they be construed as an offer to buy or sell, or a solicitation to buy or sell any future, option, swap or other derivative. The sources for the information and any opinions in this communication are believed to be reliable, but Superior Feed Ingredients, LLC does not warrant or guarantee the accuracy of such information or opinions. Superior Feed Ingredients, LLC and its principals and employees may take positions different from any positions described in this communication. Past results are not necessarily indicative of future results. He can be contacted at [email protected]
Share Facebook Twitter Google + LinkedIn Pinterest By Evin Bachelor, Law Fellow, Ohio State University Extension Agricultural & Resource Law ProgramHere’s our latest gathering of Ohio agricultural case law news that you may want to know.Plaintiff must prove that a defendant wedding barn operator’s breach of a duty caused her harmConrad Botzum Farmstead is a privately operated wedding and event barn located in the Cuyahoga Valley National Recreation Area and on lease from the National Park Service. The plaintiff in the case was attending a wedding at the barn, where she broke her ankle while dancing on a wooden deck. The jury trial found that the barn operator was 51% at fault for her injuries, and awarded the plaintiff compensation. However, the barn operator appealed the decision and won. The Ohio Ninth District Court of Appeals found that the plaintiff did not introduce sufficient evidence to prove that any act or breach of duty by the barn operator actually or proximately caused the plaintiff to fall and break her ankle. The case raises standard questions of negligence, but it is worth noting in the Ag Law Blog because the court did not base its decision on Ohio’s agritourism immunity statute. The case is cited as Tyrrell v. Conrad Botzum Farmstead, 2019-Ohio-1874 (9th Dist.).Ohio History Connection can use eminent domain to cancel Moundbuilders Country Club’s lease. A Licking County judge ruled in early May that the Ohio History Connection, formerly the Ohio Historical Society, can reclaim full ownership of land that it had leased to a country club. The Moundbuilders County Club has operated a golf course around prehistoric Native American earthworks for decades under a long-term lease with the state. The Ohio History Connection sought to have the lease terminated in order to give the public full access to the earthworks as part of a World Heritage List nomination. The judge viewed the request as sufficiently in the public interest to apply Ohio’s eminent domain laws.
The Thunder are tipped to sweep their remaining games against AMA, Batangas and Zark’s but Altamirano reminded his players not to take anyone lightly.“We’ll just continue to play and hopefully we can still improve in the coming games. What’s important is we cannot play to the level of our opponent,” he said.Rod Ebondo powered CEU with 20 points and 21 rebounds but had to work hard to get baskets. He missed nine of his 14 attempts, most of which were heavily-contested in the shaded area.ADVERTISEMENT China furious as Trump signs bills in support of Hong Kong Pagasa: Storm intensifies as it nears PAR Another vape smoker nabbed in Lucena MOST READ View comments LATEST STORIES Robredo: True leaders perform well despite having ‘uninspiring’ boss PLAY LIST 02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games Ethel Booba on hotel’s clarification that ‘kikiam’ is ‘chicken sausage’: ‘Kung di pa pansinin, baka isipin nila ok lang’ El Nido residents told to vacate beach homes Tang says game should’ve been forfeited after Altas’ jersey mix-up Flying V vs CEU. PBA IMAGESFlying V got it going in the second half and beat a scrappy Centro Escolar University side, 91-79, to become the first team to secure a playoff spot in the 2017 PBA D-League Foundation Cup Tuesday at Ynares Sports Arena in Pasig City.Jeron Teng hit 22 of his game-high 30 points in the second half, where the Thunder stretched their lead to as high as 22 after taking just a 38-34 halftime edge.ADVERTISEMENT LOOK: Jane De Leon meets fellow ‘Darna’ Marian Rivera Teng, a much-improved outside shooter, went 4-of-5 the deep in the last two quarters including successive triples that made it, 75-56, with 7:18 remaining. He missed all of his three attempts from downtown in the first half.“CEU decided to zone us the whole game and luckily we were able to make our shots in the second half. It was very important for us to hit our outside shots,” said Flying V head coach Eric Altamirano, whose squad stayed untouchable with a 7-0 record.FEATURED STORIESSPORTSSEA Games: Biñan football stadium stands out in preparedness, completionSPORTSPrivate companies step in to help SEA Games hostingSPORTSWin or don’t eat: the Philippines’ poverty-driven, world-beating pool starsEric Salamat also helped in busting CEU’s zone defense by going 4-of-8 from beyond-the-arc en route to a 13-point outing.“I think the boys created shots for each other and that gave us good looks on our outside shots.” Pagasa: Kammuri now a typhoon, may enter PAR by weekend Sports Related Videospowered by AdSparcRead Next Lacson: SEA Games fund put in foundation like ‘Napoles case’ Don’t miss out on the latest news and information.
A special court in Delhi on Tuesday rejected the bail application of former Commonwealth Games (CWG) Organising Committee (OC) chairman Suresh Kalmadi and remanded him in the agency’s custody for eight days. The CBI had asked for Kalmadi’s custody for 14 days. During the hearing, Kalmadi’s counsel made some startling disclosures in court. He blamed decisions relating to tenders on M.S. Gill, who was the Union sports minister during the Delhi Games. Kalmadi has been charged with cheating, forgery and conspiracy in awarding contract for the Timing-Scoring-Result system to a Swiss company. The CBI maintains that OC officials conspired with the private firm to award wrongful contract at an inflated cost. The Congress MP from Pune, who was arrested on Monday for his alleged role in irregularities involving the conduct of CWG last year, had been taken to a hospital for a routine check-up in the morning. The CBI had grilled him on three previous occasions before finally arresting him on Monday. Soon after his arrest, the Congress suspended Kalmadi from primary membership and the government indicated that he might also be stripped of the chairmanship of Indian Olympic Association (IOA).