San Beda sends Gilas Cadets to 0-3 start in Filoil

first_imgJo Koy draws ire for cutting through Cebu City traffic with ‘wang-wang’ Don’t miss out on the latest news and information. In fight vs corruption, Duterte now points to Ayala, MVP companies as ‘big fish’ View comments James Canlas led San Beda with 16 points while Donald Tankoua finished with a 13-point, 13-rebound double-double.Carl Tamayo had 13 points and six rebounds to lead the Cadets while Kobe Paras added 11 points and five boards. San Beda sprung to a commanding 78-47 lead after Calvin Oftana scored on a layup at the 6:28 mark of the fourth.“Gilas is a strong team, they have athletic players who are aggressive in rebounding the ball and we can’t allow Gilas to get the rebounds,” said Red Lions head coach Boyet Fernandez. “If we prevent them from getting the rebounds we will get the win.”FEATURED STORIESSPORTSGinebra beats Meralco again to capture PBA Governors’ Cup titleSPORTSAfter winning title, time for LA Tenorio to give back to Batangas folkSPORTSTim Cone, Ginebra set their sights on elusive All-Filipino crownFernandez’ words became the mantra for the Red Lions as they shoved and pushed the Cadets underneath the basket to get a 51-33 rebounding advantage.Although the Cadets managed to trim the lead to 18, 80-62, the Red Lions were quick to weather things down when Javee Mocon gave San Beda an 88-65 lead with 1:42 left in the game. Urged to shoot more, Manuel drops career-high to lead Alaska Sports Related Videospowered by AdSparcRead Next P16.5-M worth of aid provided for Taal Volcano eruption victims — NDRRMC Scientists seek rare species survivors amid Australia flames Green group flags ‘overkill’ use of plastic banderitas in Manila Sto. Niño feastcenter_img Photo by Tristan Tamayo/INQUIRER.netSan Beda showed no mercy in dealing with the Philippines’ future basketball representatives after bullying the Gilas Cadets, 91-70, in the Filoil Flying V Preseason Cup Sunday at Filoil Flying V Centre in San Juan.The third-seeded Red Lions improved to 2-1 in Group A while the Cadets dwell at the bottom with a 0-3 card.ADVERTISEMENT For the complete collegiate sports coverage including scores, schedules and stories, visit Inquirer Varsity. Truck driver killed in Davao del Sur road accident ‘Stop romanticizing Pinoy resilience’ MOST READ Lights inside SMX hall flicker as Duterte rants vs Ayala, Pangilinan anew Volcano watch: Island fissures steaming, lake water receding LATEST STORIES Carpio hits red carpet treatment for China Coast Guard PLAY LIST 02:14Carpio hits red carpet treatment for China Coast Guard02:56NCRPO pledges to donate P3.5 million to victims of Taal eruption00:56Heavy rain brings some relief in Australia02:37Calm moments allow Taal folks some respite03:23Negosyo sa Tagaytay City, bagsak sa pag-aalboroto ng Bulkang Taal01:13Christian Standhardinger wins PBA Best Player awardlast_img read more

New Zealand brace for Peru onslaught

first_img0Shares0000New Zealand’s coach Anthony Hudson walks from the field at half-time during the World Cup football qualifying match against Peru at Westpac Stadium in Wellington on November 11, 2017 © AFP/File / Marty MELVILLELIMA, Peru, Nov 15 – New Zealand manager Anthony Hudson said his team are preparing for an early onslaught as they face Peru here on Wednesday with a World Cup place on the line.The New Zealanders take on Peru in their Oceania-South America playoff with the odds against them after a 0-0 draw in the first leg at Wellington on Saturday. However, Hudson believes the pressure is all on hosts Peru, who are aiming to secure their first appearance at a World Cup finals since 1982.“We know that if Peru loses, it will be a national disaster,” Hudson said. “We don’t have that pressure. We have a united and small but strong team that is here to win.”Hudson said he believes that awareness of that pressure will prompt Peru to begin aggressively when Wednesday’s second leg kicks off at Lima’s Estadio Nacional.“I expect their team to try and play very fast and try and score early,” Hudson said.“The longer the tie stays the way it is, the more it will go in our favour. I imagine the pressure will only increase on the home team every five minutes as the game goes on.“And because of that pressure, I think they’re going to start very fast.”New Zealand, ranked 122nd in the world, need only a score draw in Lima to be assured of their third World Cup berth, following appearances at the 1982 and 2010 finals.New Zealand captain Winston Reid, meanwhile, was only too happy to remind Peru of their own struggles when it came to qualifying for the World Cup.Asked to comment on New Zealand’s poor record of qualifying for the World Cup, the West Ham defender replied: “Well you haven’t been to a World Cup for a while have you?“Records are meant to be broken, for you and for us. So we will see.”Hudson, meanwhile, said he expects Burnley’s Chris Wood to be ready to play after a recent hamstring problem.“He’ll be fine. Every day that passes he has been getting better,” Hudson said.Peru, meanwhile, will look to strikers Jefferson Farfan and Raul Ruidiaz to help provide the cutting edge in the absence of the suspended Paolo Guerrero.Guerrero is unavailable after failing a dope test last month.“We still have one more final and we have to give everything to get to the World Cup,” said Farfan, who plays for Russian side Lokomotiv Moscow.“New Zealand is a team that is very disciplined tactically and in defence it does not leave any space. You have to be patient to find the space.”0Shares0000(Visited 1 times, 1 visits today)last_img read more

Diego Costa or Loic Remy? Predicted Chelsea XI v Liverpool

first_img 11 4. Cesc Fabregas (attacking midfield) 1. Asmir Begovic (goalkeeper) – see our complete line up, in squad number order, by clicking the arrow above! Agree or disagree with our prediction? Let us know by leaving a comment below 11 11 11 19. Diego Costa (striker) 11 7. Ramires (centre midfield) 5. Kurt Zouma (right back) 24. Gary Cahill (centre back) 21. Nemanja Matic (centre midfield) 11 11 It’s Blue vs Red on Saturday afternoon as Chelsea host Liverpool, in what is a clash that neither side can afford to slip up in if they wish to boost their fragile hopes of challenging for a spot in the top four. There has been plenty of talk over the possible line ups for each side, with the fitness of Diego Costa, in particular, a major concern for the Stamford Bridge faithful.So, talkSPORT has taken a look at who the under-fire Jose Mourinho could start against Jurgen Klopp and his troops.Take a look at our predicted XI by clicking the yellow arrow above, right.PREDICTED LIVERPOOL LINE UP TO PLAY CHELSEA 11 22. Willian (right wing) 11 10. Eden Hazard (left wing) 11 26. John Terry (centre back) 11 28. Cesar Azpilicueta (left back)last_img read more

ELDERLY DONEGAL STAB VICTIM (73) IN FIGHT FOR LIFE

first_imgThe 73-year-old man being treated Derry’s Altnagelvin Hospital was stabbed in his own home where he lived alone, Donegal Daily has learned.The attack took place on Convent Road, Carndonagh in Inishowen at around 9.30pm on Friday last.The elderly victim was rushed to Altnagelvin Hospital where he is being treated for stab wounds which Garda sources said were “life-threatening.” A 30-year-old man arrested by Gardai close to the scene was understood to have been covered in blood.The man is being detained at Buncrana Garda Station under Section 4 of the Criminal Justice Act, 1984.Gardai have appealed to anyone with  information about the incident to contact Buncrana Garda Station on 074 – 9320540 or the Garda Confidential Line 1800 666 111.ELDERLY DONEGAL STAB VICTIM (73) IN FIGHT FOR LIFE was last modified: June 1st, 2014 by johngerardShare 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:73%Carndonaghconventdonegalelderlyroadstabvictimlast_img read more

Giants check off each box on Bochy’s wish list in final game of first half

first_imgSAN FRANCISCO — Before the Giants played their final game of the first half on Friday, Bruce Bochy sat in the home dugout and expressed what he’d like to see in his final three months as a major league manager.His wish list was straightforward: Stronger starting pitching, more quality at-bats from his veteran hitters and better execution in close games.Based on his team’s subpar play through its first 80 games, Bochy sounded like a child asking Santa Clause for a sports car. In game No. 81, …last_img read more

Comet Surface Wild and Crazy

first_img“Completely unexpected,” was the reaction of Donald Brownlee, principal investigator of the Stardust mission, to the photos revealed by the spacecraft that flew into the tail of Comet Wild-2 last January (see 01/02/2004 headline), reports a University of Washington press release.  The comet mission is the cover story in the June 18 issue of Science, with four scientific papers and two reviews.  Photos and information have also been released at the Jet Propulsion Laboratory Stardust website.    Scientists expected to find a dirty, fluffy snowball of loose material, but found instead a surface unlike anything else in the solar system.  Deep flat-floored pits, craters with steep walls and pinnacles more than three hundred feet high indicate that the comet material is rigid and cohesive enough, despite the low gravity, to hold together under impacts.  Planetary scientists thought that most comets were like rubble piles loosely held together by gravity, easily torn apart by gravitational perturbations.  Maybe some are, but the sharp edges, angular shapes and steep cliffs on Wild-2 make it look brittle and very unlike an asteroid, and different than the previously-visited comets Halley and Borrelly.  Perhaps there is more variety among comets than expected.    The comet jets on Wild-2 (pronounced vilt-2), also unexpectedly, emerge at high velocity from numerous places around the roughly circular body, rather than being sublimated off the outer surface volatiles.  Some of them appear to be collimated like the jets from a fire hose, suggesting that they emerge from pits deep in the interior.  Stardust was hit with two wallops as high-velocity dust particles from particularly strong jets pummeled its shields at hundreds of kilometers per hour on the way through the dust tail.  The spacecraft succeeded admirably, despite the hazards, in taking pictures and collecting dust particles in its aerogel collector for return to earth.    Delighted, but perplexed, describes the mood of scientists over the mission so far.  “New in situ observations of a comet are demonstrating once again how little we understand about these dark and mysterious planetesimals,” remarked Harold Weaver in Science.1  Brownlee et al.2 claim that the surface reveals a “juxtaposition of features that are young and old” on an object thought to be a primordial relic of the formation of the solar system.  Hinting that these findings are putting theories in turmoil, an editorial in the same issue3 hopes that the return of the particles in January 2006 will “clear up any nightmares about the origin of the solar system and the dynamics of comets.”1Harold A. Weaver, “Not a Rubble Pile?” Science, Vol 304, Issue 5678, 1760-1762, 18 June 2004 [DOI: 10.1126/science.1100581].2Brownlee et al., “Surface of Young Jupiter Family Comet 81P/Wild 2: View from the Stardust Spacecraft,” Science, Vol 304, Issue 5678, 1764-1769, 18 June 2004 [DOI: 10.1126/science.1097899].3“Sweet Dreams Are Made of These,” Science, Vol 304, Issue 5678, 1760, 18 June 2004 [DOI: 10.1126/science.304.5678.1760a].Everyone should be thrilled at the success of this mission of discovery, but it does point out a lesson about scientists.  Since scientists know so little about things they can observe, and since they often find contradictions to their expectations, why should we trust any confident-sounding pronouncements about things they can’t observe?  When they talk about this comet having formed billions of years ago, how can they possibly know that?    Brownlee’s paper says, “Pinnacles were not anticipated land forms on primitive bodies, and their origin on Wild 2 is a mystery.”  He thinks the jets, pinnacles and impact craters are young, but the rest of the comet is old, only because current theories require the solar system to be 4.6 billion years old, and comets had to form near the beginning.  But then how does he keep the comet from dissipating away completely long ago?  (See 03/27/2003 headline.)  He tells an ad hoc story to get the theory to fit the observations.  He claims Wild-2 may have repeatedly come inside Jupiter’s orbit and back out again.  But then how did the comet escape complete break-up by a collision in the planetary shooting gallery, or avoid getting ejected out of the solar system entirely, during one of those excursions?    The nightmares may not go away entirely in January 2006.  If history is any guide, the comet dust samples will answer some questions but raise many others.  For a sweet dream, however, imagine yourself standing on the surface of the three-mile wide comet.  The gravity is so low, you could jump and launch yourself into orbit.  Cool.(Visited 9 times, 1 visits today)FacebookTwitterPinterestSave分享0last_img read more

SA gives more aid for Haiti recovery

first_img25 November 2010 With quake-ravaged Haiti facing a barrage of problems, including a major cholera outbreak, South Africa is giving the country a further R1-million in aid through the World Health Organisation to assist in its recovery process. “It is our wish that South Africa’s modest contribution would … [go towards] addressing this scourge, as it is known that cholera could effectively be treated if properly coordinated and addressed,” International Relations and Cooperation Deputy Minister Marius Fransman said during a handover ceremony in Pretoria on Wednesday. The donation was made through the World Health Organisation, and was accepted by WHO representative Dr Stella Anyangwe. “It is inspiring to find a country with its various challenges opening its heart to offer help to the most vulnerable outside its borders,” Anyangwe said. “This fund from South Africa is crucial because there is currently a need for clean water and food … Whatever our small contributions, they will all make a difference to the destitute pregnant women and children of Haiti.” Fransman said South Africa would not let up in its efforts to help Haiti, especially after Hurricane Tomas recently hit that country, leaving 21 dead and 6 000 people homeless. The January earthquake claimed an estimated 200 000 lives, leaving over 300 000 injured. The cholera outbreak is the first recorded in Haiti in 50 years. To date, over 19 000 people are been confirmed to be suffering from cholera. According to the Fransman, the death toll from cholera stands at over 1 300. He said the government noted with concern the United Nations’ finding that less than 10 percent of the funds needed for the cholera outbreak had been received. Another worry was the outbreak of violence and its impact on the delivery of much needed emergency aid to vulnerable people. “We wish to express our desire for all to work together during this difficult time to ensure that the human dignity of all people is protected,” Fransman said. “We believe that the answer to the enormous challenge of Haiti is to be found in a continued international response to [its] identified needs.” South Africa pledged to contribute R5-million to the reconstruction efforts of Haiti. Already, R2.5-million has been received through a South African Broadcasting Corporation-hosted telethon. The funds will be contributed to the United Nations Development Fund to be used in Haiti. In the afermath of the January earthquake, South Africa contributed R1-million to Rescue South Africa and its search-and-rescue team which visited Haiti to search for quake survivors. The International Relations Department contributed a further R2.1-million to humanitarian assistance activities of the Food and Agriculture Organisation, World Food Organisation and the International Organisation for Migration. Source: BuaNewslast_img read more

Woolies expands in Tanzania, Uganda

first_img15 September 2011South African retailer Woolworths has formed a joint venture in Tanzania and Uganda with Tanzanian businessman and former franchise partner Ali Mufuruki, in an effort to accelerate its expansion into the rest of the continent.“Joint ventures with local partners is the new business model for our pan-African expansion plans,” Woolworths’ retail operations director Glenn Gilzean said in a statement last week. “We are moving away from the franchise model we had in the past.“It’s not only a better profit model for our business, but it’s also better for our customers.”Increasing store sizesWoolworths currently has one store in Uganda and three in Tanzania, and will add another store in Uganda and a further two in Tanzania by the end of the year.Woolworths aims to open 16 stores in African countries this year, taking the total number of stores to 60 in the current financial year. Woolworths also intends to open stores in Nigeria and Angola.The new stores will be larger than current ones – retail space will increase by 42% in the current financial year and by an estimated 145% over the next three years.“I am delighted to be part of this joint venture with Woolworths, to grow this market and offer our customers the choice and quality Woolworths is famous for,” said Mufuruki. “Also, new stores will create much needed employment and be good for the economy.”Major opportunities for growthGilzean said the company regarded trading beyond South African borders as a major opportunity for growth, and believed it would deliver a meaning contribution to the group’s profit.He said Woolworths was also confident about the growth prospects of its investment in Uganda, Tanzania and across Africa, pointing out that consumer spending now accounts for more than 60% of African GDP, and that this figure would increase with the growth of the upper and middle income groups.“Our joint ventures mean we can deliver customers the best retail offering possible tailored to local market needs,” he said. “Our partners bring knowledge of local trading conditions and we bring the quality, value, innovation and fashion our South African customers know and appreciate.“It’s the best of both worlds.”Larger selection of merchandiseWoolworths has refined and improved its merchandise offering for customers in selected African countries, and customers can now look forward to a larger selection of fashion and general merchandise.This includes formal wear, children’s wear, beauty products and casual wear, including the Woolworths Re: and Studio: W fashion brands which have recently been re-launched in South Africa.Woolworths has had a presence in African countries for over 10 years and currently has stores in Botswana, Ghana, Kenya, Lesotho, Mozambique, Namibia, Swaziland, Tanzania, Uganda and Zambia.SAinfo reporterWould you like to use this article in your publication or on your website? See: Using SAinfo materiallast_img read more

NUOLUX Crystal Pearl Shot In Cat Ears Child Adult Hair Bands – absolutely love these! i wore them at all festivals this

first_imgArrived in the put up the working day right after ordering. The frame is made of metallic which isa very good s it a lot less probably to break. Has extremely rather tiny sequens going about it. I use this for when i use make up to push my fringe back so it poretty nifdty to have. Has a awesome novelty to it as it cayt ears. Would make a lovely present, also could uise for extravagant dree. All round i am incredibly pleased with this hair band. I recieved this hair band at a discount for giving an honest assessment.Definitely pleasantly stunned. I purchased this item for a do the job party for this approaching halloween and i am really happy with what came. The packaging was slender cardboard and the ears were being in a plastic dishevelled inside. It was pretty easy to open and smaller ample to suit as a result of my letter box and continue to hold the product safe. The headband alone is very snug. It is really a small heavier than i predicted and for that i am truly grateful mainly because they experience very durable and safe on my head. They are not also significant that they will topple off or transfer nevertheless. They are pretty rather and they do not search like a costume. This was specifically what i was heading for as i will be pairing this headband with a black costume, knee socks, a choker, and drawn on nose/whiskers. This makes for a excellent, basic, inexpensive, and wonderful very last moment costume for halloween.I use these and i am an adult, they. I wear these and i am an adult , they minimize into my ears marginally but absolutely nothing that would hassle me to significantly.Fits ideal, incredibly steardy, incredibly adorable .Who won’t want to be a cat?. Currently being a big cat admirer, something cat related generally catches my eye, and i needed to get this headband as before long as i noticed it. I have worn it a couple moments previously and it would seem fairly sturdy, the pearls are all being in position effectively toomy eleven calendar year previous daughter keeps trying to steal the headband, and wishes to borrow it for a halloween costume party she has, so i am sure we will see how very well it is really created the moment she has experienced it for a nightthis is a lovable, pleasurable product which appeals to all ages. Definately a good buyi receieved this products at a discounted in return for my open and trustworthy review.Super lovable and effectively built, they glance perfect :).Appears first rate quality and comfy to dress in. Seems good high quality and at ease to dress in.This arrived and it is so cute. There are just a handful of wee gems hooked up and that to me is a great factor as i bought it for my niece for christmas as part of her xmas present. It is really just the ideal dimensions for her even while to be straightforward ur would in good shape any size of head, adult or child. It can be just isn’t also modest so it would not be fantastic for a modest child. It is quite adaptable and i imagine it looks to be built of durable substance. I genuinely like this headband and would advise it to any individual who both would like to stand out in the crown or has a teen who would don it. I obtained this headband at a lessened charge but am offering it my honest assessment. It arrived in an amazon box in a padded bag and it arrived the two in time and in best situation. If you have any thoughts about this merchandise you should truly feel cost-free to inquire and i will be happy to answer as actually as i can.Not saying i’m catwoman, i am just stating no just one has ever witnessed me and catwoman in the identical home alongside one another. You should not check with me why humans go well with cat ears, but they do. I believe we need to have all been born with it. Furthermore, i seriously really like all sparkly matters. So, when i was requested to critique this product or service at a discounted rate in return for my straightforward view, i right away agreed to do so. It is a actually durable created headband, absolutely nothing like those people low-priced factors you can get for a quid on the market place. It wears easily without the need of being constrictive. The sparkles are definitely perfect, especially on a evening out in which you finish up wanting like a really attention-grabbing cat, a little little bit like catwoman it’s possible (or so i like to imagine, maybe i ought to also evaluation a catwoman outfit just for the enjoyment of it -) ). Over-all, this is excellent for women and grownups alike.I experienced been wanting for a little something like this for my youngest daughters to put on in 1 of her dances. It arrived quite promptly and was nicely packaged as is always the situation with amazon prime. The headband does glimpse pretty sturdy and i believed it was very rather far too. My daughter loved it and wore it all working day. She hardly ever complained once that it damage her and it appeared to be a really great fit. The ears on the headband have rhinestones on them and they are extremely sweet and they sparkle lovely. The metal is a great deal thicker than the photographs show and my daughter uncovered modifying it incredibly effortless. I was supplied this free of charge or at a discounted level in trade for an sincere and impartial assessment which is some thing that i often give. I would endorse these to any individual as it is a rather item and ideal for any little lady.The good quality was quite fantastic for the selling price i was anticipating some thing a little bit. Was a present for my niece, the excellent was extremely fantastic for the selling price i was anticipating some thing a bit flimsy but it really is thick metallic she loves it and i could have to borrow it far too.Fantastic existing for children or fancy dress. . Arrived speedily and is sturdy but sensitive specifics. Acquired as a existing for a buddies daughter. I have obtained this item at a cheaper fee in return for an truthful evaluate.It seems well made, but continue to manages to show up pretty fragile whilst remaining solid more than enough to do its career. The crystals insert a pretty eye catching contact, and the search can make confident it is subtle and understated. If you are hunting for a stylish twist on a common cat outfit, then this is definitely for you. I acquired this solution at a discounted price. My evaluate is based mostly on the glimpse, top quality and functionality of the merchandise and this assessment is a true, honest, honest and unbiased critique of the merchandise centered on my private opinion. Nuolux crystal pearl shot in cat ears child adult hair bands for costume partyi been given this solution at a discounted price for an honest critique. The solution arrived really rapidly and is a quite quite hair accent my daughter enjoys it and has been carrying it all day, very good quality.Appears excellent high quality, gem stones are a fantastic dimensions. Actually amazed when i opened the parcel, appears to be like superior high-quality, gem stones are a fantastic size, fitted my nine calendar year previous nicely and was at ease, unfortunately following her putting it on and using it off about half a dozen moments 1 of the ears snapped off, so at the mo she is walking spherical with the ear taped on, disgrace as my all round effect was seriously very good, i guess it just wants to be resoldered and it will be good, i acquired the ears at a discounted cost in return for leaving genuine feed-back about it, wouldn’t have paid complete selling price but at the lower price selling price it was ok.Wonderful and sturdy the only factor is requires rubber stops on the end as it did damage my ear but other than that gripes effectively and stays in place.Here are the specifications for the NUOLUX Crystal Pearl Shot In Cat Ears Child Adult Hair Bands:Material: durable Rhinestone Metal.Cat Ear Size: 18.5*15.8 CM. One size fits most women and ladies to wear.Funny metal headband with rhinesone decoration.Great for masquerade ball,holiday prom,costume partyFashion model to complete your appointment and help organize whatever long or short fringe. I wore them at all festivals this. I wore them at all festivals this summer months and will continue to wea them day to day. Received a ton of compliments. They had been not also tight and were a superior fit.Appreciate thisi have found these all in excess of the internet and preferred to attempt them. Very good value for cash,not as cozy as i’d hoped that they’d be,but hey there £4. ninety nine what do you hope?definetly propose this.Reviews from purchasers :Really pleasantly surprisedWell made and cuteLovely and sparklyNot saying I’m Catwoman, I’m just saying no one has ever seen me and Catwoman in the same room togetherWho doesn’t want to be a cat?!looks good quality, gem stones are a good sizelast_img read more

Commercial storage considerations

first_imgShare Facebook Twitter Google + LinkedIn Pinterest By Jon Scheve, Superior Feed Ingredients, LLCOn Monday the USDA will release the stocks report and tell us how much grain is still in the bins. In 7 of the last 14 years the stocks for corn were higher than estimates. The good news is that it has only happened 1 out of the last 4 years. The problem is that when the stocks are higher for corn than the estimates they tend to be pretty far off. When the stocks report is smaller than estimates the difference is usually quite small.The bean stocks report has been erratic and hard to predict. However, with the already large carryout any change up or down is probably not as important as what the yields start to look like as harvest begins this upcoming week.There is snow in Montana and it could work its way east. There are forecasts for cool weather working into the Dakota’s and western Minnesota over the next several days. Farmers in these areas were hoping that it would not freeze until nearly Oct. 1. So, it seems as though most of the corn and beans in these areas will make it to maturity. Should I pay commercial storage?Last week I discussed which crop farmers should store at home, if they don’t have 100% on-farm storage. The next storage questions I’m frequently asked are…. What do I do with my grain in a commercial facility? Do I sell across the scale or pay storage?There are three factors to consider:How much does the commercial facility charge to store grain at harvest?What is the current basis level and how much higher could it go at that facility?How much is the interest on the grain stored at the facility? Why aren’t futures prices on the list?Many farmers choose to store unpriced grain commercially because they think prices will go higher later and they want to sell at higher values. However, in reality futures values don’t matter when deciding if someone should pay for commercial storage. If the farmer doesn’t like the current futures prices, they can buy the futures back in a hedge/brokerage account when they sell the cash grain in the commercial storage facility. Their risk exposure is basically the same as having unpriced grain in storage.(Note, there are many different ways to re-own grain. The purpose of this newsletter is not to discuss those strategies but instead look at the decision of paying commercial storage or not.) How much does the facility charge?Storage costs are probably the most important part of the decision to store commercially. As harvest beings some end users have minimum charges while others have dumping charges included with storage fees for a specific amount of time. While costs vary, I’ve found typically storage fees average 5 cents per bushel per month for corn and beans. Why basis mattersThe difference between basis levels at harvest and where they will likely go is the second most important part of the storage decision. Historically basis values increase 30 to 40 cents on average from harvest to the following spring or summer for both corn and beans. The following shows basis levels near my farm for both crops.  Generally speaking, what I have found is that corn basis values increase 4 to 5 cents per month from harvest to late spring or summer, which is slightly less than paying the average monthly storage cost at a commercial facility. Bean basis values increase slower with the higher basis value being seen in late summer. This means that usually beans will only increase 3 to 4 cents per month on average. Loan interest also needs to be consideredLeaving grain in storage means farmers won’t get paid for the grain while waiting for higher prices and their operating note will continue to collect interest. This monthly cost is figured by multiplying the grain’s cash value and operating note interest rate and dividing by 12 months. If cash corn is $3.50 and my operating note is 5.5% interest, it costs 1.6 cents per month to store the corn. If cash beans are $8.25 and my operating note is 5.5% interest, it costs 3.75 cents per month to store the beans. Why I don’t think storing grain commercially is a wise decisionOn average storing unpriced corn costs about 6.6 cents per month. While storing beans commercially is likely to be closer to 8.75 cents per month.  If we assume average monthly basis value increase of 4 to 5 cents for corn and 3 to 4 cents for beans, paying to store grain at a commercial facility doesn’t make financial sense.If farmers have unpriced grain at harvest and can’t store it on the farm, the better solution would seem to be sell the grain at harvest and consider some type of a re-ownership plan to participate in a futures rally. Please email jon@superiorfeed.com 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