Before Humboldt State takes the field for its home opener on Saturday night, the Arcata High football team is hoping to get the weekend off to a winning start at the Redwood Bowl.Arcata’s second consecutive game at the Redwood Bowl is one of four home games to be played on the home fields of Humboldt-Del Norte League schools, with the Tigers (1-1 overall) hosting Central Valley from Shasta Lake.The Tigers, who beat Hoopa Valley on the road in the 2016 season opener, came up just short in …
13 November 2009Sports tourism is a worldwide money-spinner, estimated to be worth around US$600-billion a year, attracting high-end spend from millions of sporting fans worldwide.Given the size of this industry, it was little surprise then that the 2010 Fifa World Cup™ in South Africa, the Winter Olympics in Canada in 2010 and the 2012 Olympics in London were in the spotlight at the World Travel Market in London this week.Danny Jordaan, CEO of the 2010 Fifa World Cup Organising Committee South Africa, as a guest speaker at the World Travel Market (WTM), emphasised to media and delegates from all over the world that South Africa is ready, willing and eager to host the World Cup, along with all the fans and tourists it will bring.As part of a panel that included representatives from the Summer and Winter Olympic Games, as well as SA International Relations and Cooperation Deputy Minister Sue van der Merwe and South African football legend Lucas Radebe, Jordaan said the first African Fifa World Cup in more than 100 years of football history would be the best yet.Accommodation“We have more than enough accommodation for all the fans and tourists that will visit our country next year. As well as the hotels (including more than 30 new world-class facilities) there will also be low-cost bed and breakfast as well as student accommodation options available,” Jordaan said, adding: “During Germany 2006 you could see the British fans camping in every available open space, from the train stations to camp sites.“We are more than ready to host all the fans during the 2010 World Cup, and hopefully thereafter they will return as tourists without their teams.“This World Cup will offer visitors a chance to explore the country’s attractions and major tourism spots and allow the world to get to know and appreciate South Africa and the continent better.”During the group stages of the tournament, teams will never play in the same stadium twice, meaning that fans will get to see and experience at least two of South Africa’s nine diverse host cities, and more if their team progresses.“Our stadiums are ready, and they comprise some of the best stadiums anywhere in the world,” Jordaan said.Big event track recordJordaan emphasised South Africa’s ability to secure major events. “You cannot name more than 10 countries that have hosted the magnitude of top sporting events that South Africa has hosted in just 15 years since its democracy, and there has been not a single security incident in any those 140 major sporting events.“South Africa’s capability to host this World Cup successfully is beyond doubt.”Jordaan assured the world that all visitors would be welcome in South Africa.“We want to show you that we are welcoming and hospitable. I know you know the one South African who is very warm and hospitable in the person of Nelson Mandela,” he said smiling broadly. “But come and discover the other 47-million South Africans who are also warm and hospitable.”Jordaan closed by encouraging and calling upon the travel industry to seize this momentous occasion, when the eyes of the world are on the African continent to enhance and grow travel and tourism.International Relations and Cooperation Deputy Minister Sue van der Merwe urged South Africans abroad to take the opportunity to visit their homeland for the most spectacular World Cup of all time.“We look forward to bringing many South Africans back for the 2010 World Cup, and maybe they will stay,” Van der Merwe said.Source: 2010 Fifa World Cup South Africa Organising Committee
Share Facebook Twitter Google + LinkedIn Pinterest Soybean market commentaryArgentina weather remains good, which could mean an increase in bean yield estimates. If this continues, global supply will be high and likely push down prices. The key will be plenty of rain through the growing season, and then dry weather during harvest. Expect volatility for the next few months, as many speculators remember last year’s events.Corn market commentaryCorn continues to trade sideways. Farmers are selling when the market rallies, but quickly stop when the market pulls back. Two billion bushels of carryout will continue to hold this market back. It seems to be another year of boring winter trading months.Looking forward, many wonder how many acres U.S. farmers will plant in 2017. Some don’t believe early surveys suggesting reduced corn acres. However, farmers I talk to say that it’s difficult to not take the guaranteed profits of beans, when corn isn’t at profitable prices right now. If this happens, corn may have some upside potential. Still it’s unclear how accurate the USDA usage estimates are for the current year. If corn acres aren’t reduced more than 2 million acres in March, the market will be facing an uphill battle.Market ActionUncertain about the market direction going into spring, and with nothing sold for 2017 new crop, I want to make my first trade. With what I know now, I expect the market to be trading sideways next fall.Trade DetailsBack on 1/23/17 – Dec ’17 corn futures were at $3.95Sold 2 – Dec 4.00 calls – collected 29 cents each (or 58 cents total)Bought 1 – Dec 3.50 put – paid 11 centsBought 1 – Dec/Dec +20 C.S.O. call – paid 5 cents (I’ll explain what this is at the bottom)Net profit: +40 cents (after paying a 2 cent commissions)All Trades Expire: Day after ThanksgivingThis trade amount = 5% of planned production so I doubled the sale to get 10% coverage on.What does this mean?Basically I have a floor price of $3.90 and a price ceiling of $4.40, but the outcome varies depending on the price of Dec corn at expiration.If Dec corn is at or below $4.20 at expiration I get somewhere between $3.90 and $4.40Every penny corn is below $4.20 to $4.00, 1 additional cent is added on to the $4.20 price (e.g. if it is $4 exactly I take home $4.40)Every penny corn is below $4.00 to $3.50, 1 cent is subtracted from $4.40 all the way down to $3.90 (if it is at $3.50)Anywhere under $3.50, and I still get $3.90 (5 cents below where the market was when I placed the trade)If Dec corn is above $4.20 – I have to make another corn sale at $4.20 (even if corn is $4.50 or $5)If this happens, I’ll most likely move this sale directly to the 2018 crop yearWhy would you move the additional sale to 2018?I don’t want to wonder all year long if I will have to increase my sales by an additional 10% sale in 2017. I will know with certainty that at worst I move an additional sale to 2018. In seven of the last 10 years, if I had to move a trade like this forward I would have received around a 40 cent profit (i.e. the 4.20 becomes a 4.60 sale) to move the additional sale to the following year. The three years it didn’t work was due to a drought (2010, 2011, 2012), which caused inverses (where nearby prices are higher than prices in the future) in the market. In 2010, there was a 20 cent inverse, while 2011 had a 40-cent inverse and 2012 had a 100-cent loss. If this happens, I will have to roll this sale to next year at those type of losses.The trade sounds great, but the 100-cent loss is too much.I agree, I can’t afford to take that big of a loss on a 4.20 sale. That’s where the Dec/Dec +20 CSO call option comes into play.A CSO option is a calendar spread option. It’s an option based upon spreads between future contracts and it is traded in the pits and not electronically. Not many people are familiar with these types of options, so they can be harder to find quotes on when the market isn’t open. CSO options can protect farmers from the inverses of 2010-2012 situation detailed above. It provides a guarantee that I will not take more than a 20-cent hit on the additional $4.20 sale that I would have to move from the Dec ’17 to Dec ’18. In other words, worst case scenario: I move my $4.20 sale to 2018 and its worth $4. This isn’t a bad spot to start pricing some corn for 2018, if it gives me the opportunity to trade at or above $4.20 in 2017 especially if the market is trading sub $4 today.As seen in the chart below this trade gives me lots of protection and great upside potential if the market is at these levels next fall.Seems like a great trade, why not do more?There is still the potential of doubling up 2018 sales at $4, which I’m willing to accept, but I don’t want to commit more than 10% right now.Trade SummaryBottom line: this is a sideways market trade play with full downside protection.Market trades sideways — biggest profit (the closer the market is to $4, the better)Market goes up — I get a premium that puts me on our farm’s breakeven points or betterMarket goes down — I have a $3.90 floor priceHorrible drought — I miss out a little on a huge price rally, but I’m protected against having to sell more grain at lower values this year.As I’ve mentioned before, I plan my grain marketing on what I think might happen based upon what I know today and historical trends. However, I still consider all possible scenarios the market could do. The market can do three things: go up, go down, or go sideways. So when making trades I need to be comfortable with all outcomes. That’s why I always balance potential premiums on each trade against the risk I’m taking if the market goes a different direction.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@example.com.
Westcott’s brand-new Solix LED light is perfect for any filmmaker who needs a powerhouse light on the go. Here’s a quick look.Top image via Newsshooter.To challenge the Aputure 120d, Westcott has finally graced us with their new Solix LED light. The new light is easily customizable (which could be its main selling point) with magnetic barn doors. NAB‘s light releases have been somewhat tame this year, but this is a welcome addition to the list of “lights we might buy this year.” Let’s take a look at what this thing can do.One of the key features of this light is the speed ring that rotates a full 360 degrees, allowing you to attach softboxes, umbrella mounts — basically anything you can fit. As you can see in the video, this light is for shooters on the go — you can set up the light in no time and alter the power from 100-0 (about 15%, according to the video).The light has a CRI of about 96-97, and if you buy the kit, you’ll also get barn doors, a diffusion cap, a bag, and a stand. Here are the specs straight from Westcott:Versatile daylight LED light for photographers and filmmakers.Hassle-free design with magnetic mounting system and integrated speedring.Impressive light quality with high color accuracy.Dual-purpose dial controls power and dimming up to 2,125 lux at 1m.3.4 lb monolight is compact, lightweight, and AC/DC operable.Consistent flicker-free performance and quiet operation.Engineered to be compatible with most circular 8mm umbrella shafts.The price is about $450, so you might have to crack open the ole piggy bank for this one.Looking for more NAB coverage? Check out these announcements.NAB 2018: Panasonic Shows Off The EVA1’s Low-Light PerformanceNAB 2018: The New Zeiss CP.3 Lens Line Is HereNAB 2018: Edelkrone Pushes The Dolly So You Don’t Have ToNAB 2018 Announcement: Manfrotto Gear Sets Filmmakers FreeNAB 2018: Aputure Upgrades Their Beloved 120d LED
A panel under the Ministry of Environment, Forest and Climate Change (MoEFCC) has cleared a key stretch of a major ‘coastal road’ project in Mumbai that will reportedly significantly de-congest the city’s traffic. The go-ahead was given by the Expert Appraisal Committee for Coastal Regulation Zone.The proposed 35 km coastal road has been divided into two parts, a northern and southern stretch. The latter will connect the Princess Street Flyover to the Worli end of the Bandra-Worli Sea Link. It, however, requires reclaiming about 90 hectares of land from the sea and, therefore, as per environment regulations, needs to be cleared by a central authority.On March 17, the Central expert appraisal committee, headed by Deepak Apte of the Bombay Natural History Society (BNHS), had said the project could go ahead provided the coastal road was toll free, did not affect tidal behaviour, that the reclaimed land would not be used to build houses and offices, any resulting open spaces would be free of encroachment, fishermen would be resettled in the area if they were affected, and a dedicated bus lane would be created.The minutes of the meeting were made public on Friday.30-km projectThe Coastal Road-Mumbai (South) will have bridges over the sea, tunnels (two tubes, each of about 3.452 km in length) and elevated roads, and will be a 9.98 km-stretch that will cost ₹5,303 crore. The 30-km project is cumulatively expected to cost ₹12,000 crore.According to the Brihanmumbai Municipal Corporation (BMC), the proposed southern stretch of the coastal road will reduce commuting time by around 70%, slash fuel consumption by 34% and cut carbon footprint by about 1,826 tonnes of CO2 per annum.Though the incumbent Bharatiya Janata Party government has claimed that the project would be ready by 2019, The Hindu reported last month that the much-delayed project was likely to move again following Maharashtra Chief Minister Devendra Fadnavis’s visit to Union Environment Minister Anil Dave.In January 2016, the BMC presented the application for CRZ clearance to the Maharashtra Coastal Zone Management Authority (MCZMA) with an estimated cost of ₹14,153 crore for an approximate length of 33.77 km. By the time MCZMA recommended the proposal, the total length was reduced to 30.07 km. In its recommendation to the MoEFCC, the MCZMA has put forward 28 specific conditions. It has specifically asked the BMC to take high court permission before clearing mangroves, if any.Impact on fisherfolkIt has also observed that the coastal road will have an impact on the nearby habitats of traditional coastal communities. It has asked the civic body to ensure navigational channels are not blocked in koliwada (fishing village) areas and that fishing activity is not hampered.