first_imgCOUNTY Mayor Ian McGarvey said he had tried to be impartial throughout the adjourned budget debate.However he said “obliged” to support the budget “in the interests of County Donegal.”The 83-year-old added: “We won’t all be here forever. “I welcome the reduction in payments to me and to councillors because what is going on in this country is a disgrace.” MAYOR: I FELT OBLIGED TO SUPPORT BUDGET IN INTERESTS OF COUNTY was last modified: January 13th, 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:MAYOR: I FELT OBLIGED TO SUPPORT BUDGET IN INTERESTS OF COUNTYlast_img read more

Selling for cash prices means leaving money on the table

first_imgShare Facebook Twitter Google + LinkedIn Pinterest By Jon Scheve, Superior Feed Ingredients, LLCCorn yield estimates were reduced, slightly shrinking supply, while harvested acres were unchanged in USDA’s November report.Three weeks ago, I suggested there were demand issues within the USDA’s Feed, Ethanol and Export categories. This week’s report reduced demand in every category and with the ethanol grind and export data under-pacing USDA estimates the past couple months, this was probably justified.The feed category will be difficult to track. I’ve suggested the large wheat supply will likely replace some corn for feed if cash corn values remain strong while cash wheat prices remain at 10-year lows. However, over the last month feed ingredient prices have increased dramatically. Normally these by-products from corn, bean and wheat processing trade at values that encourage some livestock producers to replace corn and/or bean meal in the feed ration. The prices are so high now that many of these by-products should actually be replaced with corn and bean meal. While the amount of grain displaced probably isn’t huge, it could suggest that corn and bean prices might be a little low.The slow and late harvest is helping prices right now because end users have used about 10% of their yearly grind during the 4- to 6-week harvest delay. This creates a 10% increase in their storage capacity and has kept basis values strong and futures from dipping back to $3.50.During last week’s big harvest push across the Midwest for corn there was a pullback in futures and basis levels. Once harvest is complete and bin doors are locked, I wonder how aggressive farmers will be selling at current prices.For beans, there were almost no changes this month. Bean futures have pulled back some, but with harvest nearly over, some processors are getting more aggressive with basis bids. It varies though. My local processor is bidding 12 cents better than last week, but my local coop is only 2 cents better. This kind of spread difference should motivate farmers to get 100% on-farm storage to take advantage of these kinds of opportunities. The December corn basis – Is it a good level to sell?Recently, farmers have been asking about the strong basis levels for December delivery across the Midwest. Following shows recent bids and factors to consider when deciding if and when to set basis.Current basis bids near my farmNov: -16 (Dec)Dec: -7 (Dec)Jan: -16 (Mar)Feb: -15 (Mar)Based upon these numbers alone, December looks to have the best bid. But is it a good sale? Here are some things to consider: SpreadsIt’s important to look at the spread between December corn futures ($3.7725) and March ($3.865), which is currently a 9.25-cent spread. This means I need to take the -7 December bid and subtract the 9.25 cent spread difference to make the bids comparable with the January and February bids. So, the -7 December is actually the same as -16.25 against the March futures, but for December shipment. Spread historical trendsSpreads are about demand in the market. Since 2013 the spread between the December and March futures in the month of November has ranged between 8 and 14 cents. In years with larger corn carryouts (2.1-2.4 billion bushels) the spread trades between 13-14 cents. This is because when there is a lot of grain produced there is less demand and it usually means a wider spread between futures contracts. This is because the market needs someone to hold the grain longer until it’s needed at some point in the future and the market is willing to pay for that to occur.In years with smaller carryouts (1.3-1.7 billion bushels) the spread trades around 8-9 cents. This is caused by a pull in demand to take the grain out of storage sooner. This summer when the market took off to the mid $4s the basis rallied 40 cents and the spreads narrowed significantly. The market wanted all the cash corn it could find and not for it to be stored for later use.Now with current carryout estimates in the middle range (1.9 billion), the market seems to suggest the spread should be trading around 11 cents. While the spread today is trading at closer to 9, by the end of the month it could be closer to 11 cents. If that occurs it would make my local basis bid (shown above) for December delivery worse than the January bid. There is a cost to hold grainThe cost to hold the grain beyond December is determined by taking the operating loan rate of the farm times the value of cash grain divided by 12 months. Assuming a 5% loan rate, and the $3.70 current cash price, it costs 1.54 cents per month to hold grain (5% x 3.70 / 12 = 1.54 cents/mo) at this location. Where will basis values go?Just like futures, it’s hard to predict where basis values will go. There are a lot of external factors impacting basis bids, plus it can vary by location. Still, basis values usually trend higher from harvest until the following summer. Last year from November 1st basis values increased 5 cents by late November and there was another 5-cent increase by late January. If futures don’t rally in the next few months, and farmers wait for better prices, end users may have to increase basis to motivate farmers to sell. There could be another 10-20 cent rally in basis values between now and the end of January. Selling for cash prices means leaving money on the tableMost farmers only focus on cash prices when selling grain, but I find that is almost always a mistake. While futures and basis values make up cash prices, they almost never hit their highs at the same time because they are based upon different market variables. Instead farmers should decide on the best day and price to sell futures, and the best day and price to set basis, independently of each other. However, when deciding the best time to set the basis and move grain, farmers need to look at the spread along with basis bids. Selling for cash is like doing all three trades at the same time and it means leaving money on the table.Even though basis levels right now are the highest since the drought years, it still may not be the best time to set basis. Basis usually improves after harvest through the following summer, but it’s been a very unusual year. If the futures values are range bound the next few months basis values might have to do all the work to pry the grain out of the bins.last_img read more

Direct-Gain Passive Solar Heating

first_imgOver the past two weeks I’ve written about two relatively obscure passive solar heating strategies: isolated gain using sunspaces; and indirect gain using a Trombe walls. This week I’ll cover a far more common and cost-effective approach: direct-gain.Direct-gain passive solar systems rely on south-facing windows to bring solar energy directly into a house. That sunlight is absorbed by materials in the house (the floor, walls, furniture, etc.), which warm up, store some of that heat, and re-radiate it back into the room, warming the space.One way of looking at this is that the house itself serves as the solar collector and heat-storage system. There are no fans or pumps to move heated air or water around. The systems are silent, trouble-free, and easy to maintain — by washing windows and, in some cases, opening and closing window blinds to adjust incoming solar gain.The thermal storage function is most effective with high-mass materials, such as tile or concrete floors, fireplaces with brick or stone facings, and tinted plaster walls. These materials keep the space from getting too hot during the day, and they continue radiating warmth into the living space in the evening.The key to success with direct-gain passive solar heating is to provide the right amount of south-facing glass area and to couple that glass with adequate thermal mass. If too much glazing is installed, the space will overheat on sunny days. The better insulated the house, the less glazing can be installed before overheating becomes a concern.Back when I was involved in passive solar energy in the late-1970s in New Mexico, there were lots of examples of houses being built with the best of intentions, but with way too much south-facing glass. They were like greenhouses on sunny days and, because the glazing was only double-glazed without low-emissivity (low-e) coatings, there was a lot of heat loss through that glass at night. The houses greatly fluctuated in temperature.As we’ve learned more about the energy dynamics of homes, we’ve learned that it makes sense to use higher levels of insulation with reduced glazing areas. Better-insulated houses don’t require as much solar gain to provide a significant fraction of the heating needs, and the careful balancing of insulation, glazing, and thermal mass can avoid those temperature fluctuations that were such a problem in the past.To do this requires advanced energy modeling software. Fortunately, such programs are readily available today, including Energy 10, Energy Plus, and REM Design. These programs account for insulation levels, window area, glazing type, and thermal mass. Don’t consider designing a direct-gain, passive-solar house today without using such a modeling program; make sure your designer has access to such capabilities. This is key to success.In addition to this Energy Solutions blog, Alex contributes to the weekly blog BuildingGreen’s Product of the Week, which profiles an interesting new green building product each week. He is founder of BuildingGreen, Inc. and executive editor of Environmental Building News. To keep up with his latest articles and musings, you can sign up for his Twitter feed.last_img read more

De Ocampo hopes Bolts can replicate ‘near perfect’ game to sweep Hotshots

first_imgPaul Lee ‘day-to-day’ after knee injury resurfaces BSP sees higher prices in November, but expects stronger peso, low rice costs to put up fight Frontrow holds fun run to raise funds for young cancer patients  Nonong Araneta re-elected as PFF president Read Next Fire hits houses in Mandaluyong City Game 3 is on Thursday night at Smart Araneta Coliseum. CONTRIBUTED PHOTO/PBA IMAGESSTA. ROSA — Ranidel de Ocampo had his best game yet as a member of the Meralco Bolts on Tuesday night.De Ocampo, who was acquired by the Bolts in a three-team trade three weeks ago, has been showing why his new team benefitted the most from the deal since his departure from TNT and Game 2 of their semifinals series against the Star Hotshots was no different.ADVERTISEMENT Brace for potentially devastating typhoon approaching PH – NDRRMC The veteran forward scored 18 points on 7-of-11 shooting from the field, including three 3-pointers in 26 minutes off the bench.But de Ocampo feels he and the rest of the Bolts, who dominated the Hotshots right from the opening tip to win, 98-74, will have to replicate their “near perfect” game to close out the series as early as Thursday.FEATURED STORIESSPORTSWATCH: Drones light up sky in final leg of SEA Games torch runSPORTSSEA Games: Philippines picks up 1st win in men’s water poloSPORTSMalditas save PH from shutout“Hopefully, we’ll be able to play the same way. But we know that it’s not going to be easy in Game 3,” he said. “At the same time, finishing a series is the hardest one.”“This is the only time that I had a good game. I’m hoping that I can have more good games to help my teammates and I give the credit to them especially to Durham.” LATEST STORIES View comments Star got off to a fast start in the semis opener on Sunday and Meralco returned the favor in Game 2. De Ocampo said that was exactly the Bolts’ plan heading into the duel.“That was really our game plan, to have a good start and it happened,” he said. “We sustained our good defense and we connected on our outside shots.”Meralco led, 30-11, after the first quarter and by as much as 30 points, 78-48, entering the final period.The Bolts also shot 53% from the field and held the Hotshots to just 32%. They hit 14-of-33 from deep and had 28 assists.ADVERTISEMENT Don’t miss out on the latest news and information. LOOK: Loisa Andalio, Ronnie Alonte unwind in Amanpulo for 3rd anniversary Fire hits houses in Mandaluyong City Trending Articles PLAY LIST 00:50Trending Articles00:50Trending Articles00:50Trending Articles01:37Protesters burn down Iran consulate in Najaf01:47Panelo casts doubts on Robredo’s drug war ‘discoveries’01:29Police teams find crossbows, bows in HK university01:35Panelo suggests discounted SEA Games tickets for students02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games Typhoon Kammuri accelerates, gains strength en route to PH MOST READlast_img read more

10 months agoInce slams Man Utd handing England trio new contracts

first_imgInce slams Man Utd handing England trio new contractsby Paul Vegas10 months agoSend to a friendShare the loveFormer Manchester United captain Paul Ince has slammed the new contracts handed to three players.Ince questioned the decision to hand new deals to Chris Smalling, Luke Shaw and Jesse Lingard, insisting there are too many players at the club who ‘aren’t fit to wear the shirt.'”When players like Chris Smalling, Luke Shaw and Jesse Lingard are getting long-term contracts, it shows how backward they are going,” Ince told Paddy Power.“Give them two or three-year contracts to keep them hungry, but don’t spoil them when they aren’t good enough for the club anyway.”He continued: “A resounding issue at the club is that there are far too many players who aren’t fit to wear the shirt. Something has got to give.“I’m not one to call for Jose Mourinho’s head, but something urgently needs to change. The board need to decide whether they’re going to pay him off or give him more money for players.” TagsTransfersAbout the authorPaul VegasShare the loveHave your saylast_img read more

Gerardo hoping to upset Juve in final group game

first_imgYoung Boys Coach Gerardo Seoane feels his side can upset Juventus in their final group game but admits they are “happy to face” Cristiano RonaldoJuve will win their Champions League group if they beat the Swiss champions tomorrow, with the hosts already eliminated.“The Champions League has the best teams,” Seoane said in his pre-match Press conference via Football Italia.“And a good day for Young Boys and with an opponent not at their best, we can get at least a point.“We’ve made progress [since the first game], against Valencia and Manchester United we played better and more attacking football.Europa League draw groups G and H George Patchias – August 30, 2019 Europa League groups G and H are a who is who of previous confirmed that Europa League group G consists of, Porto, Young…“The Champions League is harder, the players are more difficult to make. You don’t often face players of the quality of [Paulo] Dybala and Cristiano Ronaldo, and Young Boys certainly lack experience compared to Juve.“I think Juventus will face this match to their full potential, and I don’t expect any gifts in that sense.“Ronaldo? Containing great champions like him is very difficult, sometimes impossible.“But if three people mark Ronaldo that leaves the others alone, so we need to defend collectively.“It’ll be difficult, but we’re happy to face him.”last_img read more

Small brush fire in Lemon Grove causes trolley shutdown

first_img KUSI Newsroom Small brush fire in Lemon Grove causes trolley shutdown KUSI Newsroom, Categories: Local San Diego News, Traffic & Accidents FacebookTwitter LEMON GROVE (KUSI) — Flames in Lemon Grove Sunday damaged power lines, trolley rail ties, a fence and the eaves of some houses, according to Heartland Fire and Rescue.The fire broke out about 5 p.m. near the Lemon Grove Trolley Station in the 1500 block of San Altos Place, department spokesman Sonny Saghera said.Initial reports were that palm trees were on fire, Saghera said. Responding firefighters — who came from Lemon Grove, Le Mesa, San Diego and San Miguel — found two palm tree crowns ablaze near a house.The fire the spread down to the trolley tracks and into nearby grass, threatening about 20 homes, he said.A water-dropping helicopter was used, and firefighters knocked down the flames in about 40 minutes.Flames damaged power lines and railroad ties to the trolley, a nearby fence and the eaves of some houses, Saghera said. The trolley was temporarily shut down because of the fire, which burnt an area amounting to about 130 yards in total.The cause of the fire was being investigated by the Orange County Sheriff’s Bomb and Arson squad, Saghera said. Posted: May 27, 2018 May 27, 2018last_img read more