VP Boakai to Address National Sustainability Confab Tomorrow

first_imgLabor Minister Neto Lighe A three-day National Sustainability Conference for the Elimination of the Worst Forms of Child Labor in the country is expected to begin tomorrow, Tuesday, March 21-23, in Monrovia.Vice President Joseph N. Boakai is expected to deliver the keynote address at the opening of the conference.The conference, which will be held under the theme: “Child Labor Elimination in Liberia through Sustained Commitment and Partnership,” is organized by the Ministry of Labor in collaboration with the WINROCK International’s Actions to Reduce Child Labor (ARCH) project.The objective is to solicit genuine commitment and partnership from key stakeholders in the continuation of the ARCH project’s best practices in reducing child labor in Liberia.ARCH is a four-year project designed to support government’s efforts in reducing child labor in Liberia’s rubber production areas in rural Montserrado, Margibi and Nimba counties.The conference will be the first of its kind in the country that will bring together 150 participants including representatives of employers’ and workers’ organizations, major stakeholders in the fight against child labor, civil society groups, community based organizations, ARCH project beneficiaries, as well as local and international organizations.Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)last_img read more

Govt votes against re-establishment of Labour Ministry

first_img– despite Opposition’s fierce arguments in support of having one Despite the Opposition putting up a fierce debate in Parliament on Thursday, listing several reasons why the coalition Government should support the call for the re-establishment of a Labour Ministry, the Government used its majority in the National Assembly to vote against the motion.Former trade unionist and Opposition Member of Parliament (MP) Gillian Burton-Persaud opened the debate with some solid arguments, referring to cases where the Government has shown less than favourable treatment to workers and their unions since its assumption to office.The MP established that having a Labour Ministry in place is nothing extraordinary, as there have been these ministries created by past Governments before to address industrial relations issues. She believes that if the Government is really serious about addressing workers’ issues, then a Labour Ministry should be re-established.Burton-Persaud pointed out that not only did the Government remove the Ministry and replace it with a Department, but a Junior Minister of Government in Minister Keith Scott has been appointed to head the Labour Department.“Such a development could be seen as a slap in the face of trade union leaders and the workers of Guyana, including all of us here in this honorable house. If we pay attention to, or understand the functions of, labour, we (would) learn to appreciate its major importance in any society,” she added.She also claimed this development has also eroded the legacy of Hubert Nathaniel Critchlow, and explained that labour always stood separate and apart from other ministries. The fact that it was not thought necessary to establish a Ministry of Labour is enough reason to presume that workers’ interests are not at the heart of this administration.The former trade union leader also chastised the APNU+AFC Administration for not treating workers fairly, referring to the laying off of hundreds of sugar workers and Amerindians.Another Opposition MP, Komal Chand, chastised the Government and Minister within the Ministry of Social Protection, Keith Scott, who holds responsibility for labour. He said Government’s excuse that it cannot afford to establish such a ministry is nothing more than a lie, especially since it has a large bureaucracy.The motion which was submitted in Burton-Persaud’s name cites that on May 1, 2018 at a joint rally of the GTUC and the FITUG, calls were made for the motion to be laid in the House calling for the Ministry’s re-establishment.The call for the re-establishment of a Labour Ministry was supported by General Secretary of the Guyana Public Service Union (GPSU), Lincoln Lewis. He had requested of Burton-Persaud and her party to table a motion in the National Assembly seeking re-establishment of the Ministry.“Labour is prepared to work with you to bring this to fruition, and hopes you take this commitment in the spirit of solidarity. Labour also holds out optimism that Minister (Basil) Williams would be able to use his experience in impressing on his Administration the wisdom of having a Ministry of Labour, and the benefit of treating labour as a social partner consistent with Article 38 and 149C of the Guyana Constitution.”Lewis argued that with the absence of that Ministry, not only does it signal the value Government places on a country’s most valued resource, but also communicates to allies and foes of Guyana that Guyanese are not considered pivotal to the country’s development. He said this was also reinforced with the country’s non-attendance at the International Labour Organisation’s (ILO’s) conferences for the past three years.“Where we know better and different, we must continue to act accordingly; for development of society requires of us staying the course. Employment remains a sore issue. Too many are unemployed (and) under-employed; and the retired, who need to be productively engaged, are (also) being deprived. We note the statistics of the Guyana Labour Force Survey,” the outspoken trade union leader added.Importantly, while Lewis said that the effort of gathering scientific data is commendable, he said it must make real the science through action. “Meaning must be given to data being collected beyond collection and making findings public.” As such, he said Guyana needs a policy for the creation of decent jobs.Trade unions have long argued that the minister needs to advise the Government better as it relates to its adherence to the Collective Bargaining Process, negotiations and workers’ rights.last_img read more

60% of child abuse victims in Guyana are 13 yrs or younger – ChildLink

first_imgA recent study conducted by ChildLink Guyana found that just over 60 per cent of child abuse victims are 13 years old or younger.According to the document, the study was conducted using the first 338 reports of Child Sexual Abuse (CSA) received by the Child Advocacy Centres (CACs) operated by ChildLink in Guyana, as well as research interviews with teenage CSA victims and their supportive caretakers.The study found that 60.9 per cent of children reported that they first suffered abuse at the age of 13 or younger, while 26 per cent of the cases reported were children who first suffered abuse at the age of 10 or below.ChildLink also noted in its report that of the 338 children referred to its CACs during the target years, 41 were boys, which accounted for 12 per cent.When it comes to the abusers, the child agency revealed that many of the children said they were abused by more than one offender. A breakdown of figures was done by the agency which disclosed that a whopping 84 per cent of child victims alleged abuse by family members or known persons from the community.Male members of the child’s immediate or extended family, such as a father or stepfather, uncle, step-uncle or cousin, a brother-in-law or grandfather made up the second largest category of abusers which accounted for 40 per cent of those cases.“Stepfathers (12.4 per cent) fathers (6.8 per cent) and brothers (6.2 per cent) alone make up more than one quarter of the abusers reported to the CACs. Type of Abuse: Fully 57.7 per cent of the victims reported to the CACs had experienced forcible rape, which means physically forced penetration of the child’s vagina, anus or mouth with the abuser’s penis, finger, or an object. 18.9 per cent of the victims reported to the CACs had experienced sexual contact, consisting of intentional touching of their breasts, bottoms or genitals, underneath their clothing, or being made to touch the abuser’s genitals. 12.4% of the participants experienced statutory rape. That is, they were considered below the age of consent (in Guyana the age of consent is 16 years), and were coerced into participating in sexual acts by an older person. In some instances, threats of violence formed part of the coercion. 4.4 per cent of the children referred to the CAC were victims of penetrative sexual abuse by an older brother or stepbrother,” the report reads.On the other hand, 42 per cent of abusers were non-family members who were known to their victims, such as community members, family friends, or service providers and professionals such as teachers, pastors, or bus conductors. Important to note is that only one of the abusers mentioned in the 338 reports was a woman.According to ChildLink, child sexual abuse is one of the most devastating forms of violence a person can suffer. Without adequate intervention, sexual abuse may permanently change a child’s life’s course, with echoes throughout the child’s family, community and nation.last_img read more

Another Snowfall Warning

first_imgSNOWFALL WARNING ISSUED For Fort St John BY ENVIRONMENT CANADABULLETIN ISSUED AT: 03.30 AM PDT FRIDAY 20 MARCH 200910 TO 15 CM OF SNOW IS EXPECTED BY TONIGHT.  THIS IS A WARNING THAT SIGNIFICANT SNOWFALL IS EXPECTED OR OCCURRING IN THESE REGIONS. MONITOR WEATHER CONDITIONS..LISTEN FOR UPDATED STATEMENTS.- Advertisement –last_img

Watch: Chelsea and Manchester City stars star but nightmare for Tottenham defender in Belgium win

first_imgBeglium’s vast array of Premier League stars had a mixed night as they booked their Euro 2016 qualification by cantering to a 4-1 win over Andorra.Manchester City newboy continued his stellar form with his fifth goal in six games from a brilliant free kick, while Chelsea winger Eden Hazard, who captained the side, scored one penalty and missed another.Hazard looked complacent with his second spotkick, firing straight at the minnows’ goalkeeper late on,Tottenham defender Jan Vertonghen had a night to forget, losing sight of the ball before hacking down an Andorran forward to hand the hosts their own chance from the spot.last_img read more

ONE IN THREE PEOPLE IN DONEGAL HAVE BEEN VICTIMS OF CRIME – SURVEY

first_imgOne in every three people in Co Donegal have been a victim of crime in the last five years.This is just one of several startling findings uncoverd in a survey by Sinn Fein in the county. The party conducted a survey of over five hundred people chosen at random across Donegal North and East.The survey took place at the end of 2012, prior to the widely documented crime wave that took place in North & East Donegal since Christmas.The purpose of the survey was to attempt to gauge the impacts of, and attitudes towards crime and anti-social behavior within that area.These interviews were conducted by Sinn Féin members working on a voluntary basis. All interviews were conducted face to face.The findings: 59% of persons interviewed believe that there is a serious problem with crime and anti-social behaviour within their community. 59% of persons interviewed believe that the level of crime and anti-social behaviour has risen over the past five years. 50% of persons interviewed believe that the Garda presence in their community has markedly decreased over the past five years. 79% of persons interviewed would like to see an increase in Garda patrols.  80% of persons interviewed either do not have, or are not aware of a Community Alert/Neighbourhood Watch scheme in their local area. 92% of persons interviewed do not belong to either a Community Alert or Neighbourhood Watch scheme in their local area. 86% of persons interviewed would like to play a greater role in assisting the Gardaí in their local area. Over a quarter of persons interviewed (26%) do not feel safe in their own community.  Just under a third (31%) of persons interviewed were victims of crime or anti-social behaviour within the last five years. Over a quarter of persons interviewed (27%) who were a victim of a crime or incidence of anti-social behaviour declined to report the incident to the authorities. Over half (54%) of the persons interviewed have been forced to take additional security measures to protect themselves and their property from incidents of crime and/or anti-social activity. Almost a third (31%) of persons interviewed have felt compelled to source a dog for securityreasons. A third of persons interviewed (33%) do not feel safe going out at night in their local areas. Four out of five persons interviewed (81%) believe that parents should be held responsible for the actions of their children. Three-quarters of persons interviewed (74%) do not believe that the Gardaí have adequate resources to combat crime in their communities. It is apparent amongst the persons interviewed, that the majority of people do not believe that a security response on its own, will tackle crime and anti-social behaviour within their communities. The majority of people also favour a response that addresses the root causes of crime and anti-social behaviour. A significant number of people believe that drug and alcohol abuse coupled with economic factors have played their part in the escalating crime figures. Undoubtedly, successive government cutbacks that have resulted in diminished resources being available to the Gardaí have to be seen as a huge factor in the rise in crime and anti-social behaviour.Deputy Pádraig Mac Lochlainn said the findings give an insight into how crime is affecting people across Donegal.“Over the last number of months members of Sinn Féin have been engaged in a major project right across Donegal North and East. The fieldwork part of this project involved large numbers of Sinn Féin members working on a voluntary basis, conducting face to face interviews across Donegal North and East to source the empirical evidence that provides the core of this survey.“The results of this process display in the clearest terms exactly how our people, young and old, feel about crime and policing in the county. They explain what crime people are most worried about, why they feel it is happening, and how they feel it should be addressed.“Our public representatives have also met with senior members of both the Gardaí and the PSNI. The party has also engaged in a comprehensive series of meetings with resource centres, community, sporting and health groups across the area. Sinn Féin’s intention is to act as both a catalyst and active participant in a process of dialogue which will see the coming together of the various stakeholders and decision makers within the various communities that make up Donegal.“Sinn Féin strongly believes that any lasting solution to the problems of crime and anti-social behavior will require a multi-faceted and collaborative solution involving the Gardaí, statutory agencies, judicial system, public representatives, the community and voluntary network, and the wider public.”Sinn Fein has presented the views and opinions of the people surveyed in booklet form, with the key findings clearly stated.They have also set out a series of recommendations that set out a series of practical measures that articulate Sinn Féin’s view on how best to address the problems of crime and anti-social behaviour in Donegal.ONE IN THREE PEOPLE IN DONEGAL HAVE BEEN VICTIMS OF CRIME – SURVEY was last modified: March 11th, 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:crime surveySinn Feinlast_img read more

HARPS MAKE LONG JOURNEY TO COBH IN SEARCH OF VITAL POINTS

first_imgAfter losing their unbeaten home record in last weekend’s 1-0 defeat against Waterford United, Finn Harps will be looking to get back on track again when they face their longest away trip of the season on Saturday night as they travel to St. Colmans Park to take on Cobh Ramblers (kick-off 7.45pm).Harps boss Peter Hutton was disappointed his side lost to Waterford last Friday night. Although he felt his side were poor, he didn’t feel that the visitors deserved to leave Finn Park with the full quota of points.“I thought we were poor overall – we lacked an intensity and energy to our play and in essence were much too slow and predictable in our play,” said Hutton of the Waterford defeat. “In fairness though we certainly didn’t deserve to lose the game, maybe we didn’t do enough to justify the three points but Waterford will no doubt count themselves fortunate to go away with all three points.”Padraic Quinn’s goal for Waterford was the first time that Harps have conceded at home since this Saturday night’s opponents scored on their visit to Finn Park in mid-March. Hutton feels his team are much stronger defensively this year, but said that the lack of goals could be something to worry about if it isn’t addressed soon.“Yes, defensively we’ve been doing fine,” said Hutton. “I think Ciaran Gallagher had a very comfortable night against Waterford as barring an excellent save in the first half he had little else to do except take the ball out of the net. Defensively we’ve been doing well irrespective of who’s played in the back five with great contributions from all those involved so far this season.”“Of course if you don’t score goals then you can’t win games so of course that is a worry but it isn’t something I’m stressing over just yet,” said Hutton about the lack of goals. Harps have scored just once in their last four games – that coming in the 1-0 victory over Salthill Devon two weeks ago. “We need more players to contribute to both creating and scoring goals from all areas of the park and that in itself requires a real desire and will to get into those more advanced positions,” he said.Looking ahead to Saturday’s game, Hutton said his troops will be well prepared for the long journey south to Cobh and the battle that will follow at St. Colmans Park.“It’s an arduous journey but we will prepare for it correctly with no doubt some very dodgy DVDs from Keith Cowan and co.” joked Hutton.“We will travel down the day before and ensure we are focused and determined to record a favourable result. Cobh have been doing well particularly at home so it will be as every week is, a tough test. We have to get back to having that inner belief and confidence in our play as I feel the early weight of expectation has had an adverse reaction on some players.“Players need to grasp the challenge and see such expectation as an incentive, a challenge if you’d like rather than a burden but I’ve no doubt this group of players will rise to the challenge and prove a few doubters wrong.” It’s difficult to predict how Saturday’s game is likely to pan out. Harps eight games so far this season have produced the fewest number of goals (just 15 in total), while the eight games involving Cobh have had the most number of goals – 32 in total.The early season game between the two sides at Finn Park produced five goals, with Harps running out 4-1 winners. Sean McCarron and Kevin McHugh had Harps two up within seven minutes, before Conor Meade pulled one back for Cobh mid-way through the first half. McCarron restored Harps’ two goal advantage with three minutes of Cobh scorning, before McHugh got his second late in the game.On the team front, Hutton has doubts only over the fitness of centre-back Tommy McMonagle. “Tommy remains out and will receive results from a second scan this week so hopefully that will be positive news,” said Hutton who also confirmed that Sean Reilly has left the club. “Sean feels that it’s best for him to return to the U.S. and continue his career there and we thank him for his short spell with Harps and we wish him every success in his future.”~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ TEAM NEWSSuspended: NoneDoubtful: Tommy McMonagle (foot).Injured: None.Form Guide (last six league games)Finn Harps: W-D-D-L-W-L (8 pts)Cobh Ramblers: D-L-D-W-D-L (6 pts)~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Last six away games against Cobh Ramblers05-Jun-04 – Cobh Ramblers 2-4 Finn Harps (First Division)08-Jul-06 – Cobh Ramblers 1-2 Finn Harps (First Division)04-Nov-06 – Cobh Ramblers 3-0 Finn Harps (First Division)25-Mar-07 – Cobh Ramblers 1-0 Finn Harps (First Division)28-Jul-07 – Cobh Ramblers 0-0 Finn Harps (First Division)23-May-08 – Cobh Ramblers 1-3 Finn Harps (Premier Division)~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Finn Harps Goalscorers 2013Kevin McHugh – 4Sean McCarron – 3Thomas McMonagle – 2Thomas McBride – 1 (in League Cup)Matt Harkin – 1 (in League Cup)James Doherty – 1 (in League Cup)Marc Brolly – 1 (in League Cup)~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Finn Harps Results 2013 (Harps goalscorers in brackets)26-Apr-2013 – AL – Finn Harps 0-1 Waterford United19-Apr-2013 – AL – Finn Harps 1-0 Salthill Devon (McMonagle)12-Apr-2013 – AL – Athlone Town 1-0 Finn Harps05-Apr-2013 – AL – Finn Harps 0-0 Wexford Youths29-Mar-2013 – AL – Mervue United 2-2 Finn Harps (McMonagle, McHugh)23-Mar-2013 – AL – Finn Harps 1-0 Longford Town (McHugh)15-Mar-2013 – AL – Finn Harps 4-1 Cobh Ramblers (McCarron 2, McHugh 2)08-Mar-2013 – AL – Waterford United 1-1 Finn Harps (McCarron)03-Mar-2013 – LC – Mayo League 1-4 Finn Harps (Harkin, Doherty, Brolly, McBride)HARPS MAKE LONG JOURNEY TO COBH IN SEARCH OF VITAL POINTS was last modified: May 2nd, 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:Cobh Ramblersfinn harpslast_img read more

WALKERS INVITED TO JOIN MEVAGH RAMBLERS UP LOUGH SALT

first_imgThe Mevagh Ramblers walking club have a 10K (3 – 4 hrs) walk on Tuesday, April 2nd up and around Lough Salt Mountain.It begins at Lough Salt Westside Carpark at 10am. Meet at Carpark, or if travelling from Carrigart/Downings/Fanad direction meet at Mickey Joes, Umlagh at 9.30am.Walk will travel over rough terrain, so proper footwear and clothing is essential. No runners or denims allowed. A reasonable level of fitness is required. Bring water, packed lunch and camera. Non members €5. Mevagh Ramblers walkers will also participate in Glen Valley 10K Charity walk on Easter Sunday, March 31st at 2pm. WALKERS INVITED TO JOIN MEVAGH RAMBLERS UP LOUGH SALT was last modified: March 30th, 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:LOUGH SALT MOUNTAINMevagh Ramblerslast_img read more

‘I JUST WANTED A WEE FISH TO EAT’ – POACHER TELLS JUDGE

first_imgA POACHER caught with a 10lb salmon on the River Finn has told a judge: “I just wanted a wee fish to eat.”John Crawford was caught with the salmon and a net by Garda John O’Sullivan on the River Finn near Castlefin on June 3 last year.The court heard that Gda O’Sullivan spotted Crawford and a second man carrying a large white sack and thought the behaviour was suspicious When the garda caught up with the accused, Crawford had said: “I thought you were the bailiff – I was poaching.”Crawford, of 8 Dergview Hillhead, Castlefinn, pleaded guilty.He was asked by Judge Paul Kelly at Letterkenny District Court why he was out poaching.“I was just trying to get a wee fish to eat,” replied Crawford.Crawford was fined €150 for poaching the salmon, €150 for possession of the net and ordered to pay €350 costs.“That’s an expensve salmon I’m afraid,” Judge Kelly told him.‘I JUST WANTED A WEE FISH TO EAT’ – POACHER TELLS JUDGE was last modified: February 4th, 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:castlefinnJOhn CrawfordLetterkenny District Courtpoacherriver finnlast_img read more

Profiting in a sideways market

first_imgShare Facebook Twitter Google + LinkedIn Pinterest The latest crop condition estimates are the lowest since 2013 (corn down 2% and beans down 4%). Also, time is running out for the western half of Iowa to get enough rain to produce average corn yields. Forecasts shift every six hours, which contributes to farmer and market uncertainties. This week it rained in the eastern corn belt, but the west continues to struggle with heat and dryness.These uncertainties are convincing more and more farmers that crops are all but loss, causing people to think “corn HAS to rally to $4.25-$4.50.”It seems like a lot of people are on the same side in their thinking. This makes me nervous. So, I caution farmers to take a step back and also consider the following:Rumors and threats of drought happen every yearRealistically, the market already knows that 25% of the Corn Belt is suffering from dry weather. It’s estimating a 165 national yield with $3.90 Dec corn.Informa adjusted their yield estimates from 170 to 166 this week. Funds have switched from a sizable short position to a small long position. If the funds switch back for any reason the market can drop rather quickly.As Dec futures trade above $4, South American competition becomes a concern. Export opportunities could be diminished and imports a possibility.Remember, earlier this year there were rumors that the Argentina bean crop yield would be much lower due to weather. In the end, it was a normal yield. I’m not suggesting we have a normal corn yield, but maybe yields won’t be as bad as some are expecting.Fear is usually highest right before facts become available. I’m not saying that the hot and dry weather isn’t affecting corn yields. I would just caution farmers that in the end, if yields are affected minimally at harvest, lower prices are still a reasonable possibility. So you need to ask yourself, are you prepared if prices fall below $3.80 again? No one knows what’s going to happen, including me. The market could easily go either way at this point. Therefore, I suggest that farmers consider both scenarios (prices going up or down) when preparing their marketing plan. Profiting in a sideways marketIt’s difficult for farmers to sit back in late July when corn prices are sideways at unprofitable levels, old crop is still in storage unpriced, and next year’s harvest is only two short months away. Many are just waiting and hoping for prices to rally, because they just have to go up. But, prices don’t necessarily have to go up, and hoping they do isn’t an effective marketing strategy. So what can farmers do in the meantime?The three trades below are examples of how farmers can pick up a little premium during a sideways market that they can later add to a trade that boosts them to profitable price points for their farm operation. None of these trades are grand slams. They’re just steady bunts and singles that fill up the bases, helping me to move forward and keep increasing the score. Sometimes by shifting the way one thinks about their marketing strategy and consider trades like these, farmers can make the best of an unpleasant situation. Prices under $4 are frustrating for everyone. We all want prices to rally. But, while everyone else is waiting around hoping, I’m going to look for potential low risk trades where I can make small profits in the meantime.I’ve previously mentioned that I thought a sideways market in the short-term was likely throughout the summer. Therefore, I placed several trades to take advantage if this happened. This past Friday was the expiration of August Options. Following is a recap of trades I had working and the results of those trades. Trade 1On 5/2/17 I sold an Aug $3.70 straddle for 35 cents (I sold the $3.70 put and the $3.70 call and collected a total of 35 cents).Trade Expiration is 7/21/17 after the weather markets for the corn crop is known5% of 2017 production (This trade takes place after 7/4, so it’s a new crop trade for me)Assuming normal weather the market should trend lowerPotential benefit: If Sep futures close at $3.70 on 7/21, I keep the 35 cent premiumPotential concern: Reduced or no premium if the market moves significantly in either directionFor every penny lower than $3.70 I get less premium until $3.35. At $3.35 or lower a new crop corn sale is removed, but any profits gained on that trade can be added to a future sale. Every penny higher than $3.70 I get less premium until $4.05. At $4.05 or higher I have to make another corn sale at $4.05 against Sep futures. A Sep trade can then be “rolled” from the Sep to the Dec and I will like pick up 10 cents of premium and this trade would be about $4.15 against the Dec. What happened?The market was above $3.70. I let the option get exercised, since I have a little ’16 crop left to sell. This means I applied short Sep corn futures at $3.70 in my account but still collected the 35-cent premium. In other words, I sold old crop for $4.05 against Sep.Could you have just bought the straddle back for a profit and sold at a later time?Yes, but that would have meant extending my risk over a weekend that held a lot of weather uncertainty for the market. I didn’t want to take on the added risk. Ultimately, I was able to sell 10% of my production at a known profitable level. Considering prices the last few weeks (and even months), this trade may end up being the best price for corn this season (it’s at least the highest of the past 12 months). Plus, I was able to take some risk off the table.Even if prices rally, I still have more ’17 crop to sell. Ideally I want this trade to be the wrong decision and prices rally. Trade 2On 6/20/17 Sep corn was trading near $3.80 I expected continued sideways trading. The expected market direction into ate July is probably sideways with a potential small dip in prices.I sold an Aug $3.75 straddle for 25 cents.Expired 7/21/17 before yield is known and while there is still a chance for a weather rally.Potential benefit: If Sep futures close at $3.75 on 7/21, I keep the 25 cent premiumPotential concern: Reduced or no premium if the market moves significantlyFor every penny lower than $3.75 I get less premium until $3.50. At $3.50 or lower an original corn sale is removed. Every penny above $3.75 I get less premium until $4. At $4 or higher I have to make another sale at $4 against the Sep futures.At this point I still have some old crop I need to sell and $4.00 seems like a great goal. What happened?When corn was trading at $3.82, I bought back the call portion of the trade for 7 cents and I let the put expired worthless. I received 25 cents when I sold the straddle originally, so I was left with 18 cents profit and my position is unchanged. The trade was designed to pick up a little premium if the market stayed sideways, which it did. I was really pleased with the outcome of this trade. Trade 3Typically corn prices decrease from the third week of June through July, and I wanted to capture that potential. So on 6/20/17 when Sep futures were around $3.80, I sold a $3.90 Aug call for 9.5 cents on 5% of my ‘16 corn production.What does this mean?If Sep corn is above $3.90 on 7/21 I have to sell corn for $3.90 and keep 9.5 cents ($3.995 total).If Sep corn is below $3.90 on 7/21 I keep the 9.5 cents to use on another trade in the future. What happened?Corn was $3.80, so I collected the 9.5-cent premium on the worthless expired option.These trades all added to my bottom line. They weren’t designed with the HOPE of a market rally. They were designed to make additional profit if the market continued on its sideways path in the short term. As a farmer it’s important to consider all reasonable market outcomes, not just “the market has to go up,” in marketing plans and strategy. 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 jon@superiorfeed.com.last_img read more