first_imgThere has been widespread sadness at the death of well-known Letterkenny woman Annette Gallagher (nee Larkin).Annette, who was in her mid 70s, was well-known to customers at The Drum Bar which she helped to run with her husband Cormac.Annette and Cormac took over at the Drum Bar in 1968 but Annette was well-known as an astute businesswoman well before that. She left school at 15 to take over the running of the Larkin family bakery which was also located at Lower main Street.A gentle and kind-hearted woman, Annette however, was never afraid to stand up for what she believed in.One of 13 children to the late Frank and Cis Larkin, Annette was a founding member of the Lower Main Street Traders Association.She was also a found member of the MS Society of Donegal, a condition of which her late sister Yvonne suffered. Her smiling face and friendly manner will be missed behind the counter of the Drum Bar and at Lower Main Street.She is survived by her husband Cormac, son Cormac and daughters Ann-Marie and Mary, son-in-law and two grandchildren.She will be buried following funeral mass tomorrow (THURS) at 10am at St Eunan’s Cathedral.Donegal Daily would like to express its sympathies with the Gallagher and Larkin families.  WIDESPREAD SADNESS AT PASSING OF WELL-KNOWN LETTERKENNY BUSINESSWOMAN was last modified: January 23rd, 2013 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:Annette GallagherDrum BarLarkinletterkennylast_img read more

first_imgTHERE has been another fatal crash on the A5 outside Strabane.Five people have been taken to hospital – where it’s understood two people have died.Latest details are on Derry Daily website:  ANOTHER FATAL CRASH ON THE A5 was last modified: January 8th, 2014 by John2Share this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:ANOTHER FATAL CRASH ON THE A5last_img read more

first_imgThat’s trophy-worthy. The NBA could call it the Marc Stein Truth-in-Hearsay Award.Warriors … The NBA hands out several, dozens, thousands, dozens-of-thousands of trophies at the end of each season.OK, I exaggerated. But Marc Stein, the New York Times’ NBA maven does not.On Tuesday Stein threw some rumors at the wall in his newsletter. It is a tried and true journalistic practice. Stein elevated it by letting dear reader in on the premise. His headline:“No Guess as Good as Mine”last_img read more

first_imgShare Facebook Twitter Google + LinkedIn Pinterest By Doug Tenney, Leist MercantileOverall the trade had expected a bearish report with soybean production to increase, along with increasing yield and ending stocks. The trade had expected corn ending stocks to increase with little changes in the corn yield.All eyes are on soybeans as traders are assuming it is a given for production and yield to again climb higher. Key to the soybean numbers will be U.S. exports. Will USDA pull them lower with the U.S. export of soybeans to China not yet resolved?Soybean production was 4.690 billion bushels, the yield was 53.1 bushels per acre, and ending stocks were 885 million bushels. Last month the soybean production was 4.693 billion bushels, the yield was 52.8 bushels, while ending stocks were 845 million bushels. For weeks some analysts have been expecting the U.S. soybean carryout to eventually climb over one billion bushels. The previous record was 574 million bushels. Soybean exports were unchanged. Ending stocks were up 40 million bushels.USDA’s corn production was 14.778 billion bushels. Last month it was 14.827 billion bushels. The corn yield estimate was 180.7 bushels, with the September yield at 181.3 bushels per acre. Corn ending stocks were 1.813 billion bushels. Last month it was 1.774 billion bushels. Corn ending stocks were up 39 million bushels.Just prior to the noon report, corn, soybeans, and wheat were all down 2 cents. Following the report, corn was up 6 cents, soybeans up 8 cents, and wheat up 4 cents.The market expects in coming months for Russia wheat exports to decline while U.S. wheat exports could be increasing. More time is needed to see if this really takes place.Harvest in Ohio the last 10 days has soybean and corn damage significantly higher than in the past. Soybean damage out of the field has been up to 30% in isolated cases. Many central and southern Ohio facilities have raised their soybean discount schedule as a monetary discount to a much steeper discount than in the past. Frequent rains during August and early September provided ideal conditions for insects and disease to reduce the quality for both soybeans and corn. Some southern Ohio locations have limited soybean damage to 5% with higher damaged loads being rejected.Earlier this week USDA estimated the U.S. corn harvest at 34%. The 5-year average is 26% completed. Last year, corn harvested was just 21%. Soybean harvest this week was 32% while the 5 year average is 36%. Last year the soybean harvest was 34% complete.With the rains of the last two weeks, Ohio producers are struggling to get soybeans harvested in order for timely wheat planting to take place. Recent rains across the U.S. Plains have wheat off to one of its best starts in recent history. U.S. wheat and U.S. corn acres look to be increasing for 2019 while U.S. soybean acres are expected to decline.The U.S. stock market had a huge meltdown yesterday along with a lower U.S. dollar and lower crude oil prices. The mood of producers is not being buoyed by low prices, extremely wide basis levels for harvest delivery of corn and soybeans, as well as the monetary discounts for damaged corn and soybeans.December CBOT corn at $3.70 and November CBOT soybeans at $8.75 are strong resistance. Prices in the past week have approached those numbers but unable to close above those levels.last_img read more

first_imgShare Facebook Twitter Google + LinkedIn Pinterest By Jon Scheve, Superior Feed Ingredients, LLCWheat’s massive drop was most likely the cause for the decline in corn and beans the past couple of weeks. Large hedge funds often have positions in all three commodities, so if they were selling one, they might be selling all three.In the last 30 days, wheat, corn, and beans had significant decreases with moderate rebounds last week:Wheat decreased $1 per bushel then recovered 20 centsCorn decreased 25 cents per bushel then recovered 14 centsBeans decreased 45 cents per bushel then recovered 20 centsThis week’s recovery could make technical traders think prices have found a low. If so, they may consider re-ownership or short covering of recent sales in the futures market, which could help prices trend higher. I’ve noticed a few analysts and advisors who still have 10% to 25% of their 2017 corn unpriced. One advisor was suggesting that farmers price remaining ‘17 unsold corn if July ’19 futures hit $4. I asked this advisor how farmers, who set their basis last August or September, would show their losses rolling their futures or basis position forward. This advisor said they weren’t sure how to do that, because accounting for spread loss would hurt their average price for the year. It seemed as if they were going to just over look this problem. Why is this a problem?Most farmers who have on-farm storage usually can’t store more than 100% of one year’s harvest. So, if a farmer didn’t sell all of their 2017 harvested grain by September 2018, they would likely have to move the old crop grain in the bin before the start of the 2018 harvest.When the farmer moves their grain to an end user, the farmer is going to have to make a decision as to what will happen with that grain. The market doesn’t just allow farmers to deliver grain a month or two before harvest and wait to price it for free of charge any time in the future. Likely at almost every end user there will be a cost associated to not have the grain priced by Sept. 1. What are those costs?As the end of summer approaches a farmer has three choices with their old crop grain that won’t be stored at home:Price the futures at that time and be done marketing the 2017 cornPay to store their grain for 5 cents per month (or more) until a price point a farmer wants is attainedSet the basis for August or September delivery against September ’18 futures, and then wait for a rally to set the futures price before Sept. 1Sell cash grain at the end of August and buy futures back in a hedge account.Options 3 and 4 will have the exact same outcome going forward because an end user will treat the unpriced futures position the same way as having the long futures in a farmers account. Because the end user is going to want to have the basis priced as well. Option 2 would be the worst choice as the expenses after several months will be much higher than the other choices. So unsatisfied with fall prices, most farmers in this situation probably chose option 3 (or 4) over 1. Given the market situation at the time this was understandable, but there is a cost to do this. Because the market never rallied enough in late summer, most farmers probably looked at extending the pricing period of those bushels beyond Sept. 1. That however would also have cost farmers money because end users will charge the spread between the futures months back to the farmers. In this case, that will be the spread loss from September ’18 futures to Dec ‘18 futures which was 15 cents. So basically, farmers needed prices to rally more than 15 cents before Dec. 1 to be better off than just pricing the futures in late August.This cost is either applied to the basis value that was originally set with the end user when the delivery was being made, or it was applied to the rolling of futures in a hedge account. Again, both of these trades have the exact same outcome. What happened if the farmer still didn’t price the futures by Dec. 1?Likely some farmers didn’t sell and instead rolled their positions forward again this time to March ’19, but doing this meant they took another 15-cent spread loss in either their hedge account or a basis reduction. This would have then required that farmers get their grain priced before March 1. What if farmers didn’t price the futures by March 1?The March ’19 futures were incredibly boring and really went nowhere. So likely the farmer is probably still unpriced and had to roll their position forward again. I have seen several advisors in this situation talk about selling values against the July futures. Right now, the spread loss from March ’19 futures to July ’19 futures is 18 cents.I have seen several advisors suggesting that farmers should look at selling July futures around $4 or so. This means taking into consideration the spread losses from last September until July, using $4.03 July ’19 futures as a price goal is the same as:March ’19 at: $3.85 ($4.03 – .18 spread)December ’18 at: $3.70 ($4.03 – .18 & -.15 spreads)September ’18 at: $3.55 ($4.03 – .18, -.15 & -.15 spreads)In early December, March ’19 futures traded above $3.85 for 2 weeks. Last fall December ’18 corn futures were above $3.70 for 2 weeks. September ’18 was occasionally trading above $3.70 on and off for 2 weeks at the beginning of August.There weren’t that many, including me, who thought any of those trades were a good idea at the time. Many spoke of all the possible reasons the market could go higher. Now farmers are hoping to just get to a level this July that was already available to them at the end of August for the 2017 crop when you account for the spread loss.Delivering grain and waiting to price it until a later date in time is tricky and risky. Farmers will usually be fighting against the spread loss that occurs in a carry market (where futures are higher in the months after the current one). Even if they leave the crop unpriced on futures and basis and pay commercial storage they are facing an extremely steep hill to overcome. Only a huge rally can beat it, and those are not overly common and they are certainly unpredictable. So, farmers who have unpriced grain stored on the farm aren’t facing this problem?Farmers with on-farm storage and are unpriced at harvest won’t get charged the spread loss by rolling futures forward. That spread loss above is actually the market carry premium that so many in the trade talk about trying to capture. Unfortunately, a farmer will miss out on that carry premium if their grain isn’t sold by December 1st each year after harvestW, but at least its not an expense either. The reason its not an expense yet would be because the basis hasn’t been set. Once the basis is set then the potential for spread loss can occur. So, it’s usually better to sell all of my crop by harvest?With the prolonged sideways market below breakeven price levels, this is hard advice to swallow. But, if you step back and look at historical trends and costs associated with the spread loss, this is really a good rule of thumb. Like many farmers, I didn’t get all of my 2017 or even all of my 2018 corn sold before each harvest either. I did however finish up my 2017 crop before the end of August last year because I feared the type of scenario happening that I described above.While I’m not yet completely done with my 2018 corn sales I have been continuing to try and collect premium by selling calls and straddles on my unsold 2018 corn. The trades I have been doing would limit my upside potential but I have been fearing that the market won’t go up and I would much prefer to be sold and taking advantage of the market carry opportunity. And I’m doing this even though I have 100%+ on-farm storage.Farmers that don’t have on-farm storage have even bigger challenges if they aren’t fully sold before harvest. The odds are stacked against them as they continue to chase extreme rallies to offset their basis/spread losses. Please email with any questions or to learn more. 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.last_img read more

first_imgThe long-term water supply projects in Rajasthan will be completed on time to ensure the availability of water in the geographically difficult areas. Chief Minister Ashok Gehlot has given instructions for speeding up implementation of water supply schemes for both drinking and irrigation.Mr. Gehlot said at a review meeting here after the appointment of committees for the Rajiv Gandhi Jal Sanchay Yojana that the long-term projects would permanently resolve the issue of paucity of water caused by scanty and erratic rainfall in the State. “The projects should be formulated to meet the local needs and regularly monitored,” he said.The progress of projects financed by institutions such as the National Bank for Agriculture and Rural Development, Japan International Cooperation Agency and New Development Bank as well as the dam, canal and small irrigation projects was reviewed on the occasion.The committees appointed at the district, block and village panchayat levels for the Yojana will coordinate the activities of various departments and monitor the progress of work for water conservation.last_img read more

first_imgBOXINGLight flyweight Amandeep Singh; bantam weight Akhil Kumar; flyweight Suranjoy Mayengbam; light welterweight Manoj KumarATHLETICSMen’s: High jump (Nikhil Chittarasu, Hari Sankar Roy); 100m (G. Nagaraj, Md Abdul Najeeb Qureshi, Krishnakumar Satish Rane); 400m (Vinay Chouldhry, Harpreet Singh)Women’s : 1500m (Jhuma Khatun, O.P. Jaisha, Sushma Devi); 100m (H.M. Jyothi, Satti Geetha); 400m (Mandeep Kaur, Manjeet Kaur)GYMNASTICSMen’s: Rings (Ashish Kumar); pommel horse (Ashish Kumar)Women’s: Vault (Dipa Karmakar)HOCKEYWomen’s Gr A: Trinidad vs IndiaMen’s: India vs AustraliaSHOOTINGWomen’s: 50m rifle 3 position singles (Lajjakumari Gauswami, Tejaswini Sawant)Men’s: 10m air pistol pairs (Gurpreet Singh, Omkar Singh); 25m rapid fire pistol pairs (Vijay Kumar, Gurpreet Singh); double trap singles (Asher Noria, Ronjan Sodhi)NETBALLIndia vs Trinidad and TobagoSWIMMINGMen’s: 50m breaststroke (Agnishwar Jayaprakash, Puneet Rana, Sandeep Sejwal); 100m butterfly (Virdhawal Khade, Arjun Muralidharan); 100m backstroke (Rohit Rajendra Havaldar, Balakrishnan Melkote Badrinath, Rehan Poncha); 400m individual medley (Merwyn Roark Chen, Rehan Poncha)Women’s: 50m backstroke (Fariha Zaman, Jyotsna Pansare); 50m freestyle (Talasha Satish Prabhu, Sneha Thirugnanasambandam); 100m breaststroke (Poorva Kiran Shetye)WEIGHTLIFTINGMen’s: 77kg (Sudhir Kumar)WRESTLINGWomen’s: Freestyle: Nirmala Devi (48 Kg), Babita Kumari (51), Geeta (55)last_img read more

first_imgBrazil’s Neymar with teammate Dani Alves at a training session at the Arena Castelao in Fortaleza, Brazil, on June 16. (AP PhotoNeymar and his Brazilian teammates will be back in action for their second match at the World Cup, before Russia and South Korea have even kicked off their campaigns.Brazil won the tournament’s opening game last week against Croatia and on Tuesday will meet Mexico, which beat Cameroon 1-0 in its first Group A game. A win for either team would go a long way toward securing a spot in the next stage.Russia against South Korea is the second of two Group H matches on day six, which gets underway with Belgium against Algeria.High StakesBrazil striker Hulk is a doubtful starter after missing training for two days due to a left leg injury, meaning coach Luiz Felipe Scolari may have to change a winning formula.Scolari planned to leave the decision until game day, saying, “If he can’t play we lose something because this team has been playing together for a long time with this same system.”Five-time World Cup champion Brazil has won 16 of its last 17 matches, including the Confederations Cup on home soil last year, and Scolari attributes that to sticking with a formula.If Hulk is ruled out, Chelsea midfielder Ramires and 21-year-old Bernard could come into contention for a starting spot.The Brazilians got the benefit of a questionable penalty call in their 3-1 comeback win over Croatia, while Mexico had two contentious decisions go against them before Giovani Dos Santos found the back of the net against Cameroon.advertisementCoincidentally, Brazil and Mexico met at Fortaleza in the Confederations Cup last year, with Neymar scoring to help the home team to a 2-0 win. Neymar, who lived up to expectations last week with two goals in the win over Croatia, has had a change of hairstyles in between.The Mexicans have won seven of the last 15 matches against Brazil. And Mexico won the 2012 Olympic gold medal, beating Brazil in the final.Mexico “has always created difficulties for Brazil and I’m sure it won’t be any different this time,” said Oscar, who was on the Brazil team that lost the Olympic final.The winner of Tuesday’s match would be guaranteed a spot in the next round if Cameroon and Croatia draw their match on Wednesday in Manaus.last_img read more

first_imgLDRA has introduced an enhanced version of the LDRA tool suite for Automotive that helps customers reduce cost, effort, and time of complying with the latest release of the ISO 26262 functional safety standard. The enhanced LDRA tool suite for Automotive enables embedded developers to quickly understand the requirements of the new ISO 26262-6:2018ISO 26262-6:2018 standard depending on the Automotive Safety Integrity Level required for their application and helps ensure safe and secure automotive application development and deployment. LDRA’s commitment to the automotive sector is typified by their representation on the ISO 26262:2018 Technical Committee, and reflected in the continuous improvement of its automotive tool suite to help automotive suppliers and OEMs manage the overall cost of compliance and mitigate risk of developing and delivering their applications. LDRA’s comprehensive requirements-through-verification solution quickly and easily identifies standard requirements according to the specific ASIL and shares those requirements across the development team for further timesaving and collaboration. Automating coding standards compliance, verification, and reporting save even more time and money. The LDRA tool suite will enable lifecycle traceability, coding standards compliance with industry standards such as CERT and MISRA, as well as in-house coding standards. Furthermore, the LDRA tool suite will automate the process of testing and report generation.LDRA’s enhanced tool suite is tuned to help automotive customers comply with the latest ISO 26262 standard based on their ASIL requirements. Developers of ADAS, infotainment, powertrain, body electronics applications, and autonomous vehicle technology can select the ASIL A, B, C or D assurance required by their application and quickly understand the corresponding requirements. LDRA TBmanager, a module within the automotive tool suite, helps developers manage the workflow process and activities, understand exactly what is required of a system targeted at a specific ASIL, and automate compliance. LDRA TBmanager generates the appropriate standards objectives, and enables requirements traceability, static and dynamic analysis, and automated reports for compliance with that level, and then maps LDRA tool suite capabilities to the latest release of ISO 26262. This process effectively simplifies, automates, and reduces the cost of compliance, while also automating and expediting the delivery of certification evidence.The latest LDRA tool suite for Automotive will be on display at embedded world 2019.Share this:TwitterFacebookLinkedInMoreRedditTumblrPinterestWhatsAppSkypePocketTelegram Tags: Tools & Software Continue Reading Previous powerBridge: 2U 19” system allows signal processing of 48 GigE-vision camerasNext Arrow Electronics extends global secure provisioning services for IoT deviceslast_img read more

first_imgzoom Ship manning costs are set to remain suppressed despite a recovery in cargo shipping markets, as shipowners and operators continue their financial struggles while officer shortfall recedes, shipping consultancy Drewry said.The lack of confidence in the industry has seen wage increases almost at a standstill since 2009, and over the past year average officer rates have slid into reverse.While there remains an overall shortfall in officer numbers, this has reduced markedly over the past year and the poor financial state of the industry has forced employers to limit labour costs to affordable levels.“Ratings wage levels have fared little better and we estimate that average global rates have risen by around 1% between 2016 and 2017, which is consistent with the trend of the past few years,” Drewry said.“Since the fall in oil prices the demand for officers in the offshore sector has fallen and this has been a major factor in the softening of overall seafarer wage costs,” Martin Dixon, Director of Research Products, said.“While some sectors, such as LNG that require officers with particular experience, will continue to see above-average wage rises, we expect the downward pressure on manning costs to prevail with below inflation increases anticipated over the next five years.”Dixon believes that the slowing fleet growth and a healthy supply of officers would eliminate the officer shortage over the next five years with a small surplus anticipated for 2021. However, experienced officers for service on specialist vessel types such as gas carriers “will continue to be in tight supply.”last_img read more