At a large rally at Biola University June 1, the Jesus Film Project, in collaboration with the university, announced a new DVD entitled Jesus: Fact or Fiction?. Each household at the rally received a free copy. Half of the DVD contains the full length Jesus film, a project that has been translated into more languages (857) and seen by more viewers (5.7 billion) than any other movie. The other half is a “Journey” of faith, exploring frequently-asked questions about Christianity, God, science, the Bible, and philosophy, answered by 18 scholars, including Ravi Zacharias, Craig Hazen, Paul Maier, and others. It includes answers to scientific questions about evolution and design by William Dembski, Lee Strobel and more. Also embedded are true-life stories of Christians from a variety of walks of life explaining their own journeys of faith. Speakers at the event, a kick-off for a summer lecture series, included Craig Hazen, Frank Pastore, John Mark Reynolds, Lee Strobel, J.P. Moreland and others.This is a nicely-packaged, interactive, well-designed, low-key and attractive tool for discussing the important questions about God, origins, faith, the problem of pain, forgiveness, and eternity in a non-threatening way. The answers to questions are excellent. A better line-up of credible scholars could hardly be gathered. The interactive layout keeps you wanting to find out more. Watch it and you will be ordering dozens, if not hundreds, to hand out to neighbors, friends and work associates.(Visited 148 times, 1 visits today)FacebookTwitterPinterestSave分享0
Share Facebook Twitter Google + LinkedIn Pinterest The British voted to leave the EU. This decision leaves many unknowns on how this will affect the market long term. So far, this hasn’t affected the grain markets significantly. However, with the dollar stronger, beans may be hit as exports will be more expensive. Are The Highs Over For The Year?It depends on the weather. If forecasts remain wet, the highs are likely done. If weather gets hot and dry, the sky is the limit. The next three weeks of forecasts will determine the corn market. Following is a summary of weather conditions:1/3 of corn belt – great conditions1/3 of corn belt – dry, needs rain1/3 of corn belt – “normal” for this time of yearWith timely rains, expect trend-line or above average yields. Large scale dry conditions may bring a market rally back to recent highs.WheatThe wheat harvest continues to push north and yields are great. There is too much wheat that needs a home. The market is noticing the wheat surplus and end users are trying to find ways to displace corn in the ration. As corn struggles, wheat will likely follow….both will hold the other back.BeansThe effects of weather on beans has more time than corn. Without a yield reduction, beans are likely overvalued long term. Market ActionIt has been a very busy two weeks. Following provides details on recent trades including strategy and rationale.1) Bean BasisLast week I finally priced all of my 2015 bean basis at –.70 the July futures basis picked up on the farm. With the very large carryout this year, I wanted to take the basis now versus waiting (it could be worse down the road). Also, my local processor rolled their bids from the July to November, which indicates they have sufficient coverage on and there is likely little upside basis potential left. In doing this roll they also further lowered the bid they were paying when the spreads in the market are factored in. This was 30 cents from the top of the market over the marketing year and 5 cents better than at harvest last fall.While I’m satisfied with the basis price, I was a little disappointed I didn’t hit the top. There were a few unexpected circumstances that made basis prices behave differently than in years past.Soymeal demand was lower than prior years, so processors didn’t need to push prices as expectedMore farmers took advantage of deferred pricing (DP) programs offered by local processors than ever beforeBean prices rallied unexpectedly in April, causing basis to fall apart. 2) Corn BasisLast week I priced 70% of my 2015 corn basis at -.42 basis picked up on the farm. This basis was 20 cents from the top of the market for the marketing year and 5 cents better than basis at harvest. I avoided long lines and moisture discounts by storing at home but I missed the chance at higher basis levels earlier in the year. Similar to beans I think there is limited basis potential by waiting at this point because many farmers still need to move their stored grain before harvest, which will likely ramp up in late July and August.This year basis moved a little uncharacteristically and I missed the top largely because of two unexpected factors:More farmers took advantage of deferred pricing (DP) programs offered by local processors than ever before, which enabled ethanol plants to procure corn without pushing basis higher.The unexpected 10 inches of rain in December in the upper Midwest caused large elevators with uncovered ground piles to move grain much earlier than intended. This suppressed demand and kept basis uncharacteristically lower. This has only happened once in the last 30 years (1993), so this was ultimately bad luck and not due to faulty strategy.I still have 10% of my 2015 production basis left to sell. I’m going to wait on this to see if there is a drought, which could cause a basis rally in my area. If a drought happens, I could store the last 10% and carry it over to the next year to get a better basis value. Obviously I don’t want a drought to happen, but I’m keeping a little flexibility in my marketing just in case it does.3) Bean SpreadIn late April I had a May futures position (sold at $9.20) I rolled to the July for a 10 cent premium ($9.30). Last week, fearing dry weather and increased exports could push the July prices to extreme inverses (when July is higher priced than futures months after it), I moved my futures position to the August at a 2.5 cent inverse or loss (now $9.265 against the Aug including commissions).Right now there is a 13-cent inverse (decrease) from Aug to Nov, which increases my risk of taking a loss yet on this trade. Typically beans adjust to a carry position closer to the delivery period when there is a large carryout (like we have in the market currently), so I’m going to wait it out. I think the risk is manageable and I’m comfortable with what I know today. Two months ago this spread was a 20 cent loss, so it is narrowing. This still leaves me 100% priced on my 2016 production at a $9.45 average.4) Corn Option #1On Dec. 10, 2015 I sold a $4.30 July corn call for 10 cents. On Tuesday last week when corn was lower, I bought back my sale for a half cent and half cent of commission or a total of 1 cent. While this option expired only three days later, I felt in case weather forecasts changed and pushed the market substantially higher I should exist the position. In other words, why risk 1 cent of profit for no real upside potential? I net 9 cents profit on this trade.5) Corn SpreadLast Nov I had 22% of my 2016 production hedged in Dec ’15 corn futures. I rolled those forward to the Jul ’16 contract hoping to pick up more in the spread between July and Dec than was offered in the market at the time (which was only 10 cents). This last week I rolled those July sales including the one in #6 below to the Sep futures for a 3.5-cent carry (or profit).I did this now because if weather forecasts show hot and dry, I would prefer the 3.5-cent profit versus taking a potential loss on the trade. I still have some risk on the Sep/Dec futures spread, but with potentially 1.7 billion bushels of U.S. corn carryout, I don’t think many end users will want to take grain delivery two weeks before harvest starts (when corn prices are usually at their lowest). The market needs to pay somebody to hold the grain into the future. I want to capitalize on that possibility and I’m willing to take a little risk on 33% of my crop for it. I’m expecting to take more than 8 cents on this Sep / Dec spread and thus doing better than what the market was giving me back in November.6) Corn Option #2On Feb. 19 I sold a $3.80 July corn call for 15 cents. With corn above $3.80 on the July ($3.85) my call turns into a futures contract. This is like a $3.95 sale against the July futures and I still have the potential of the spread between July and December futures. As illustrated in #5 above I have added another 3.5 cents making this trade worth $3.985 now. PositionWith the basis trades now set I can finally set my price for the 2015 crop year. I will reexamine the results of my 2015 sales in late August to assess how my trades look compared to the opportunities I was presented over the marketing year. POSITION – CORN20152016Corn Sold100%55%CBOT Price$4.58$4.17Market Carry$0.185$.25 estBasis on Farm($0.42)($.25) estOptions & spread profits–$0.03 estCash Price$4.34$4.20 estPOSITION – BEANS20152016Beans Sold100%100%CBOT Price$10.79$9.20Market Carry$0.165$.30 estBasis on Farm($0.70)($.30) estCash Price$10.25$9.20 est I have another 22% of my production locked up in covered calls. While they don’t provide downside protection, in a sideways market they are the best play. Even in up and down markets they provide some extra premium potential. Following is a summary of my current options position: Options-CornDate Option PlacedExpiration DateStrike PricePremium Received2/19/20168/26/2016$4.00$0.194/26/20168/26/2016$4.00$0.194/26/20168/26/2016$4.50$0.099/15/201511/25/2016$4.80$0.183/24/201611/25/2016$4.40$0.166/6/201611/25/2016$5.00$0.10 If corn futures were to rally, and all of these covered calls were hit, it would be an average sale price of $4.25 futures with 15 cents additional premium from the call value. That price value of $4.40 is well above my breakeven and after this week certainly looks like a value I would like to have on my entire crop.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]
Indian tennis ace Mahesh Bhupathi failed to notch up his third Wimbledon mixed doubles title as he and his partner Elena Vesnina were outplayed by Jurgen Melzer and Iveta Benesova in straight sets in the final here on Sunday.The fourth seeded Indo-Russian pair lost 3-6, 2-6 to their ninth seeded opponents in a 51-minute summit clash at the center court.Austrian Melzer and Czech Republic’s Benesova, who have not lost a single set on their way to the title, were the dominant pair for most part of the final match with better serve and returns.Bhupathi and Vesnina found their opponents’ serve too hot to handle most of the time as the Austrian-Czech duo had as many as seven aces to the Indo-Russian duo’s two — with Melzer serving at lightning pace without reply on many occasions.Bhupathi and Vesnina were broken serve in the fourth game as Melzer and Benesova raced to 4-1 lead before winning the first set 6-3 in 24 minutes.In the second set, Bhupathi and Vesnina were broken in the third and seventh games to lose it in 27 minutes and surrender the match.With the loss today, Bhupathi failed to equal his once estranged doubles partner Leander Paes’ 12 Grand Slam titles as he remained on 11 Major crowns — seven in mixed doubles and four in men’s doubles.Bhuapthi has not won a Grand Slam title since clinching the 2009 Australian Open mixed doubles trophy along with compatriot Sania Mirza. All of Bhuapthi’s mixed doubles titles have come with different partners.advertisementPaes has won six men’s doubles and as many mixed doubles titles.- With inputs from PTI
Kolkata Knight Riders captain Dinesh Karthik was not happy with the performance of his bowlers after the home team were handed a 7-wicket defeat by Delhi Capitals at the Eden Gardens on Friday. The loss was Kolkata’s second in a row in the Indian Premier League this season.Riding on a superb 97 not out off 63 balls from Shikhar Dhawan, Delhi Capitals made light work of the 179-run chase and got to the target with 7 balls to spare. Dhawan was involved in a 105-run partnership with Rishabh Pant, who contributed with a quickfire 46 off 31 balls.Two days ahead of the Indian team selection for the World Cup, Dhawan, who survived a review on 11, decorated his knock with 11 boundaries and two sixes, as Delhi registered only their second IPL win at the Eden Gardens.Delhi climbed to fourth spot with eight points from seven matches, while this was KKR’s second straight defeat after losing to Chennai Super Kings in their last match. They now have eight points from seven games.The @DelhiCapitals climb up in the points table after their win today against #KKR pic.twitter.com/ZInil5TcjaIndianPremierLeague (@IPL) April 12, 2019Kolkata Knight Riders, Mumbai Indians, Delhi Capitals and Kings XI Punjab are now tied on 8 points each.”To be honest the par score was 10-15 runs more than that. We didn’t bat well and didn’t post a good score. I expected our bowlers to perform better, that didn’t happen though. Such things happen in a game of cricket,” Dinesh Karthik said at the post-match presentation.advertisement”I think picking wickets on this ground has been difficult but bowlers can work on few areas and come back harder. That’s what IPL is all about, coming back stronger every time you can,” he [email protected] win at the Eden Gardens pic.twitter.com/e9syK6c6xMIndianPremierLeague (@IPL) April 12, 2019Kolkata dearly missed the services of Chris Lynn and Sunil Narine, both of whom were feeling a bit under the weather before this game.KKR as a result, had to open the match with Shubman Gill and Joe Denly but the move didn’t work as the debutant got out for a golden duck off the first ball of the match. Gill though, grabbed his opportunity with both hands, top-scoring with 65 off 39 balls.”They (Lynn and Narine) are two key players and missing them is never good. But Shubman grabbed the opportunity and played really well. You are always going to have replacements. It was hard on Joe to get out on the first ball, but I am sure he’ll come back strong in the next game,” Karthik said.Also Read | IPL 2019: RCB have lost 6 out 6, Chahal optimistic of playoff berthAlso Read | India might select KL Rahul for No.4 in World Cup based on IPL form: Sunil GavaskarAlso Read | IPL 2019: 50 per cent match fee fine is kid-gloving MS Dhoni, says Bishan Bedi
Manchester United are reportedly prepared to pay up to €36m for AS Roma centre-back Kostas Manolas in JuneThe Greece international is viewed as more of an old-fashioned centre-half due to his height, speed and physical prowess.Since arriving at Roma in 2014 from Olympiacos, Manolas has established himself as a key member of the squad with 192 appearances in all competitions having been made.But Gazzetta dello Sport reports that the 27-year-old’s time at Roma looks set to come to an end soon with his release clause set at €36m, which has caught United’s interest.Solskjaer praises Harry Maguire after Man United’s 1-0 win Andrew Smyth – September 14, 2019 Ole Gunnar Solskjaer singled out Harry Maguire for praise after helping Manchester United keep a clean sheet in their 1-0 win over Leicester City.The Red Devils view Manolas as someone who will not only be able to bolster their backline, but also provide competition for Victor Lindelof, Chris Smalling, Phil Jones and Eric Bailly.However, the report adds that United will not be able to trigger Manolas’ release clause until the end of this season with Roma reluctant to sell this month.Despite the uncertainty surrounding his future at the Stadio Olimpico, however, Manolas has still made 21 appearances in all competitions for Roma this season.
Lionel Messi would be restored to Barcelona’s starting line-up in Sunday’s Catalan derby against Girona according to manager Ernesto Valverde.Messi, 31, failed to travel with the squad in the midweek loss to Sevilla in their Copa del Rey quarterfinal first leg.The Argentine’s absence raised a lot of eyebrows considering he made a cameo appearance in last week’s La Liga win over Leganes at Camp Nou.“It was a decision based on the coach’s criteria, who is the person who knows his players best,”“Valverde said in a news conference via ESPN on Saturday when asked why he had not started top scorer Messi in either of the last two matches. “I have to make those decisions.Match Preview: Barcelona vs Valencia Boro Tanchev – September 14, 2019 Is derby time in La Liga, as Barcelona welcomes Valencia to the Camp Nou Stadium tonight at 21:00 (CET).“No one else has the data I have on my players. I do what is best for the player, for the team and for the club.”Valverde has challenged Malcom to earn a regular spot in the team with the Brazilian linked with a move away from Nou Camp.“We want him to have that continuity [of playing regularly] and to be a player that intimidates the opposition in the final third,” he said.“There are other players playing [in his position] but when he does play he has to try and win his place in the team so that it can’t be taken away from him.”
Dan Cohen AUTHOR When it comes to protecting military airfields from encroachment, community involvement is key, Navy Capt. Erik Spitzer, commander of Naval Air Station Kingsville, Texas, said last week at a workshop hosted by the Air Force Civil Engineer Center at Joint Base San Antonio. “If you don’t have a team dedicated to community outreach, you’re already behind,” he said. “They need to be attending community meetings and functions, because these meetings are where future developments are discussed and by simply being there, future encroachment problems can be averted.”The workshop provided a forum for air installations compatible use zones representatives from across DOD to discuss ways to sustain the operational capabilities of installations, reports Air Force Installation and Mission Support Center Public Affairs.Air Force photo by Malcolm McClendon