LIRR Warns of Baldwin Skim Scam, Release Suspect’s Photo

first_imgSign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York Long Island Rail Road officials are warning riders of a recently uncovered skimming device on a ticket vending machine (TVM) and are asking the public for help in finding the suspect they say is responsible.The suspect, Vasile Ovidiu Haidau—a Romanian national who allegedly has ties an identity theft gang in California—fled MTA police officers when they spotted him tampering with a TVM at the LIRR’s Baldwin station at 5:15 a.m. Monday, authorities said.TVM technicians last week discovered the device inside a credit/debit card slot in a Baldwin TVM as well as a tiny camera secreted above the keyboard that was videotaping as LIRR customers typed in their PIN, officials said.MTA Police determined that the scammers hadn’t downloaded information picked up by either device, so they don’t believe that any LIRR customers who used that machine had their information compromised.But, authorities urge the public to cover their PIN when entering it in a TVM or an ATM and check their bank accounts for suspicious charges.As for Haidau, the 35-year-old suspect has a revoked visa and known to travel with another white male in Brooklyn, Queens, Manhattan and Long Island. He is not known to carry weapons, but should be considered dangerous. He was last seen driving a rented 2014 Blue Volvo S80 with NY license plate No. GXR5959 westbound on Sunrise Highway.Anyone with information regarding this suspect is asked to call MTAPD Detectives at the at 516-222-6501 or 718-361-2201.last_img read more

Employment opportunities and procedures for Filipinos presented in Split

first_imgAccording to Antonija Bašić from ŽK Split, in the first half of the year over 60% of quotas were used or are in the process, and most workers are missing in tourism and catering, construction, shipbuilding. Today’s presentation is a continuation of a series of activities that the Croatian Chamber of Commerce in Split has implemented this year with the aim of supporting members in solving the problem of finding labor.  Director of the Agency for Employment Mediation of Seafarers Pasat doo, Ino Munitić, on whose initiative the presentation was organized, has the best experiences with Magsaysay, who are his long-term partners, and with the Philippine workforce. ”Given the great shortage of labor in Croatia, Filipinos represent a quality, replacement workforce, and in my experience they are calm, quiet and hardworking people. The process of bringing Filipino workers, from issuing their exit visa to issuing a work visa in Croatia, takes about a month. ” said Munitic. The only real solution is to raise wages and working conditions in tourism and focus on quality, not mass. On the other hand, we have a high VAT, a large tax burden and levies, a short season, etc.… I absolutely agree and that is why tourism is not competitive for us, but the domestic labor force is not to blame for this situation. Participants were interested in many details of the employment of Filipinos such as the duration of the recruitment process, the length of their contracts and the possibility of their employment not only in tourism and hospitality but also in other activities such as viticulture, stonemasonry or elevators. Today’s interest of Dalmatian employers in information on employment opportunities and ways of Filipinos, organized by HGK – Split County Chamber and in cooperation with Pasat, was presented by representatives of the Philippine Employment Agency Magsaysay International Corporate INC.  “In 2019, more than 65.000 permits for employment of foreign labor were approved, twice as many as in the previous year. Our quotas are higher than ever, there is a shortage of labor and this is a problem that plagues not only Croatia but also neighboring countries in the region. Therefore, colleagues from the chambers of FBiH and Montenegro are with us today, in order to share information about the possibilities and procedure for hiring the Philippine workforce.”, Said the president of the Croatian Chamber of Commerce – Split County Chamber, Joze Tomaš. One of the largest employment agencies in the Philippine workforce, Magsaysay International Corporaticon INC., Based in Manila, was presented by Marlon Ronja, President of Magsaysay People Resource Corporation, and the procedures themselves by Jay A. Fernando, Vice President and CEO of Magsaysay Global Services. Although the import of labor, especially from the Philippines, is one of the worst developments in our tourism, in a situation where there is a chronic shortage of labor, and the season has already begun, employers in tourism are ready to take such measures and adventures. In the long run, this is certainly not good because apart from going back to the root of the problem – cheap labor, not quality, workers from Asian countries cannot be ambassadors of our destination, do not spend in the local economy or plan to relocate. But if we want cheap labor, then we will have such tourism, cheap, mass, seasonal, which means that we must significantly reduce prices in all segments. As much money as there is music – says a folk proverb. Smart enough.last_img read more

Senator Donnelly touts accomplishments for veterans

first_imgBatesville, In. — Senior U.S. senator from Indiana, Democrat Joe Donnelly recently celebrated the passage of two measures to help Indiana veterans.First, the Jacob Sexton Military Suicide Prevention Act requires service members to receive a mental health exam every year.  The exam is a way to allow service members to talk to a counselor without the stigma normally associated with asking for help. The measure is named for Indiana National Guardsman Jacob Sexton who took his life while on leave in 2009.Senator Donnelly said, “The Jacob Sexton Military Suicide Prevention Act has been implemented across our Armed Forces this year, including by the National Guard, and I am hopeful it will make a difference and help end the scourge of military suicide. Mental fitness, like physical fitness, is a critical component of military readiness. This law, for the first time, requires an annual mental health assessment for all service members, including members of the Guard and Reserves.  The goal is to better identify those struggling with mental health issues and ensure they receive the help they need before it’s too late.”Next, the VA Prescription Data Accountability Act ties the VA drug prescribing system into the Indiana prescription drug monitoring system- INSPECT. This ties the two systems together in order to detect patients attempting to access additional drugs from alternate sources.Senator Donnelly said, “Coordination between the VA and our prescription drug monitoring programs is key to addressing opioid abuse in Indiana and across the country. The VA is a major prescriber of opioids and prescription drugs and must be a full partner in our all-hands-on-deck effort to combat this epidemic. This bipartisan legislation will ensure that VA hospitals and clinics are in line with their non-VA counterparts and allow VA facilities to fully partner with Indiana’s INSPECT and similar programs across the country to monitor opioid prescribing practices.”last_img read more

Update on the latest sports

first_imgUpdate on the latest sports The circuit has announced it will resume its season without fans present starting May 17 at Darlington Raceway in South Carolina. The premier Cup Series will then race three more times in a 10-day span, beginning with one more at Darlington before two outside Charlotte, North Carolina.NASCAR’s revised schedule goes only through May and has a pair of Wednesday Cup races, fulfilling fans’ longtime plea for midweek events.The first race is scheduled for Darlington, NASCAR’s oldest superspeedway, followed by a second race at the 70-year-old, egg-shaped oval track three days later. Charlotte Motor Speedway will then host the Coca-Cola 600 on May 24 to mark 60 consecutive years the longest race on the NASCAR schedule will be held on Memorial Day weekend. The track in Concord, outside NASCAR’s home base of Charlotte, will then host a Wednesday race three days later. There will also be lower-tier Xfinity and Trucks series races at the two tracks.The North Carolina governor has said the Charlotte races can be held as long as health conditions in the area do not deteriorate.In other developments related to the coronavirus pandemic: — This year’s Little League World Series and the championship tournaments in six other Little League divisions have been canceled. Little League President Stephen Keener said it would be “impossible” to hold the events amid ongoing restrictions on large gatherings and travel. The Little League World Series has been held every August since 1947 and has never been canceled. The annual major league game in Williamsport, which this year was to feature the Boston Red Sox and Baltimore Orioles on Aug. 23, has also been canceled.— The Dodgers will soon give fans an account credit for home games scheduled in March and April. The team hasn’t announced any plans for fans who have tickets to games later in the season. Dodger Stadium is set to host the All-Star Game in July. Officially, it has not been canceled, which the team noted in its information for fans.— Paris St. Germain has been officially crowned Ligue 1 champion of French soccer, two days after the government ruled that the league had to be canceled because of the pandemic. Handing PSG its seventh title in eight years was basically a formality, with the team 12 points ahead of second-place Marseille with 10 rounds of matches left to play. Other teams objected to the decision to finalize the league standings based on a points-per-game formula, with Lyon threatening to take legal action after missing a chance to qualify for the lucrative Champions League.— German chancellor Angela Merkel (AHN’-geh-lah MEHR’-kuhl) says a decision on whether the country’s soccer league can resume has been pushed back to next Wednesday. Soccer authorities had been hoping to receive the go-ahead to resume league games without fans as early as May 9. Merkel met with the country’s 16 state governors and warned there is still a danger that numbers of COVID-19 infections could rise if strict containment measures are relaxed too soon.— The New York Racing Association is seeking to resume live racing at Belmont Park without fans, and it wants to do the same thing this summer at Saratoga. NYRA says returning to racing would “provide a small sense of normalcy for fans across the country who can watch on television and online.” There has been no live racing in New York since March 15, although training has continued at Belmont Park. NYRA says thoroughbred racing provides $3 billion in annual economic impact and over 19,000 jobs in the state. Share This StoryFacebookTwitteremailPrintLinkedinRedditVIRUS OUTBREAK-SPORTSNASCAR to resume season May 17 without spectatorsUNDATED (AP) — NASCAR has set a date to green flag its Cup season. Associated Press They are the first financial institutions implicated in the FIFA scandal to reach a resolution with U.S. prosecutors. According to the U.S. attorney’s office in Brooklyn, the institutions will forfeit $20.73 million and pay a fine of $9.33 as part of a non-prosecution agreement.The scheme took place through the banks’ Miami branch from 2010-15, with many of the payments tied to marketing rights for the Copa America.,Tampa Bay Lightning advance to face Dallas Stars in Stanley Cup finals, beating New York Islanders 2-1 in OT in Game 6 — British boxing’s governing body says it hopes fights can be staged from July. The British Boxing Board of Control says events would likely be held without fans initially and with an emphasis on “minimal numbers” of officials and broadcast personnel. Anyone at the events will have to have been in pre-fight quarantine and had tests for COVID-19. There will initially be a maximum of five contests in a show.NFL-NEWSChiefs pick up Mahomes option, work on long-term dealUNDATED (AP) — The Kansas City Chiefs have exercised their fifth-year option on Patrick Mahomes (mah-HOHMZ’), ensuring their star quarterback will be under contract for at least two more seasons.But general manager Brett Veach and coach Andy Reid are hoping to reach a long-term deal with the reigning Super Bowl MVP by the start of training camp. The contract could last four or five years and make Mahomes the first player in NFL history to make at least $40 million per season. The memo to outline the changes was another step in the tour trying to figure out what’s equitable in a season that will be without 13 previously scheduled events due to the COVID-19 pandemic.The decision will prevent anyone competing in the Korn Ferry Tour to graduate to the PGA Tour.NCAA-TRANSFER WAIVERNCAA board recommends delaying change to transfer waiverUNDATED (AP) — The NCAA Board of Governors has recommended delaying a change to the transfer waiver process that would permit all athletes to switch schools once without sitting out a season.center_img UNDATED (AP) — The NCAA is facing a federal lawsuit accusing the organization of failing to address gender-based violence by male athletes against female students at colleges and universities.The suit was filed this week in U.S. District Court in Michigan. Plaintiffs in the suit include women who have been athletes at Michigan State, Nebraska and an unidentified America East school. Other plaintiffs have been students at Michigan State or Nebraska.SOCCER-FIFA SCANDALTwo financial institutions settle in FIFA scandalNEW YORK (AP) — An Israeli bank and its Swiss subsidiary have agreed to pay over $30 million for their role in conspiring to launder more than $20 million in kickbacks to soccer officials. The NCAA announced the board’s recommendation Thursday after several days of meetings but added the Division I council could still a vote on making the waiver change in May and having it take effect immediately.Currently, NCAA rules require football, baseball, men’s hockey and men’s and women’s basketball players to sit out a season after transferring. Athletes in all other sports are allowed by rule a one-time exception so they can play right away after switching schools.A change to the waiver was recommended by a working group in February that would mirror the one-time exception and go into effect this year. That was before college sports were shut down and thrown into disarray by the coronavirus pandemic.NCAA-LAWSUITNCAA sued for gender-based violence Mahomes has completed almost 66% of his passes for 9,412 yards, 76 touchdowns and just 18 interceptions since being taken with the 10th overall pick in the 2017 draft.If the Chiefs are unable to sign Mahomes to a long-term deal, he would be due a base salary of $25 million for the 2021 season.In other NFL news:— The Bengals have released quarterback Andy Dalton, clearing the way for reigning Heisman Trophy winner Joe Burrow to lead a team that remade itself in the draft. Dalton set several Bengals passing records in his nine seasons and led the team to a club-record five straight playoff berths without winning a postseason game. Coach Zac Taylor benched Dalton for three games last season, an indication his time in Cincinnati was finished. Burrow was taken first overall in the draft last week.— The Giants have picked up the fifth-year options for tight end Evan Engram and safety Jabrill Peppers, thus extending their rookie contracts through the 2021 season. Engram has made 25 starts and 34 appearances overall in three seasons, catching 153 passes for 1,766 yards and 12 touchdowns. Peppers was acquired in March of last year in the trade that sent Odell Beckham Jr. to the Browns. The hiring comes less than a week after the school fired Danny Manning.Forbes is coming off a five-year run at ETSU that ended with a 30-win season and the Southern Conference Tournament championship before the NCAA Tournament was canceled amid the coronavirus pandemic. He went 130-43 in his time with the Buccaneers, winning at least 24 games each year while also winning the league tournament in 2017 to reach the NCAA Tournament.PGA-EXEMPTIONSPGA players to retain exemptionsUNDATED (AP) — The PGA Tour has issued a memo to its members saying players exempt for this season will keep the same status for the 2020-21 season that is scheduled to start in September. However, players can earn a higher ranking after this shortened season. — Seahawks general manager John Schneider said starting linebacker K.J. Wright underwent offseason shoulder surgery and is unsure of the timeline of when he’ll be healthy. Wright finished the 2019 regular season with a career-high 132 total tackles and didn’t miss a game.— NFL Players Association President JC Tretter is calling for a re-examination of a portion of the labor agreement with the league affecting disability coverage for former players. Tretter, a center with the Cleveland Browns, succeeded Eric Winston as union president earlier this year. Tretter wants the NFLPA’s executive board and the leadership of former players to come together to discuss some offsets in the collective bargaining agreement narrowly approved by the players in March. The language the overall union membership voted on is not the same as what wound up in the deal that runs through the 2030 season.COLLEGE BASKETBALL-WAKE FOREST-FORBESWake Forest turns to ETSU’s Forbes as men’s basketball coachWINSTON-SALEM, N.C. (AP) — Wake Forest has hired East Tennessee State’s Steve Forbes as its men’s basketball coach. April 30, 2020last_img read more

Mayweather-Maidana Press Conference

first_imgThe final press conference for “The Moment: Mayweather vs. Maidana” took place Wednesday in the Hollywood Theatre inside the MGM Grand.Here are the highlights:Floyd Mayweather: Lately Marcos Maidana has been making a lot of noise. Is he one of the best guys in the sport? Yes he is. But I am THE best and that’s the difference. He’s tough, he’s rugged, he’s the champion. I respect him as a man, but come Saturday you have to make me respect your fight game.We’re still wondering who’s going to solve the “May”Vinci Code. Everyone’s game plan is to come straight ahead, keep pressure, hit ‘em on the leg, hit ‘em on the hip, hit ‘em with a low blow, headbutt ‘em. I still find a way to win. They say this guy is super fast, I still find a way to win. This guy’s got a good left hook, this guy’s got a good right hand, this guy goes to the body good, I still find a way to win. This guy’s got good defense, this guy’s got the best jab, this guy throws combinations, I still find a way to win.Saturday I’ll find a way to win.Marcos Maidana: Nobody’s given anything to me. I earned this opportunity myself. I know it’s a very difficult fight, that’s why I trained like never before. Mayweather is an excellent fighter and a very difficult fighter. Like “la Raza” says, I don’t give a f–k about him!last_img read more

Joe Biden under Pressure to Respond to Assault Allegations

first_imgWe will finally hear from former Vice President Joe Biden this morning about the intensifying allegations of sex assault against him.Former Senate aide Tara Reade says then-Senator Joe Biden sexually assaulted her in 1993. The Biden campaign has said “this absolutely did not happen.” The former vice president will be asked about the allegation tomorrow on Morning Joe on MSNBC.President Trump thinks Joe Biden should respond to accusations of sexual assault against the presumed Democratic presidential nominee. Adding that the allegations by former Senate staffer Tara Reade could be false.Trump also said he knows “all about false accusations.” The president has been accused of sexual misconduct by over two dozen women. He also compared Biden’s situation to that of Supreme Court Justice Brett Kavanaugh, who was accused of misconduct during his nomination.last_img read more

Bombers walk all over Wildcats in Thursday night hoop action at the Hangar

first_imgAdam Berg led the charge with eight points in the period.Schepkowski took over in the second scoring 11 of his 17 points.Jack Sturrup and Berg each had 10 points.D.Kabatoff scored 12 to lead the Wildcats. Erich Schepkowski scored a game-high 17 points sparking the Bombers to a 88-37 victory over the Mount Sentinel Wildcats in West Kootenay High School Boy’s Basketball action Thursday at the L.V. Rogers Hangar.The game was over early as LVR out scored the visitors 34-3 in the first quarter.last_img

KCCA FC out to end Vipers’ league and Cup double dreams

first_imgVipers and KCCA clash for the third time this seasonStanbic Uganda Cup FinalsVipers SC vs KCCA FCEmokori Play Grounds, BukediSaturday, 09-06-2018KCCA FC will try and prevent Vipers from achieving the same feat that they managed last season as the two power houses clash in the Uganda Cup Finals on Saturday evening.The Kasasiro Boys won the double last season and with Vipers already crowned league champions, the venoms have a chance to equal the same achievements.The final is viewed as one between the best sides in the country and if you are to use the league standings from this past season as testament, KCCA and Vipers are indeed top of the pile.What the coaches are saying before the game:Mike Mutebi, KCCA FC.Mike Mutebi stressed that Vipers and KCCA are the best two sides in the country“It is one hell of a game, said Mutebi.“These are the two best sides in the country and we need to show that on the pitch.“We you look at the football that both teams play and the players that we have, it’s so difficult to think of any other side as good as Vipers and KCCA.With the referees coming under consistent scrutiny throughout the season, Mutebi also commented about the appointment of Brian Miro Nsubuga as the match centre referee.“Officiation has left alot to be desired throughout the season and some eyes will be on him come game time.“Luckily for both teams, he (Miro) is the best in the country and am confident that after the final whistle, we will not be in position to complain about the officiation.Miguel da Costa, Vipers SC.“It’s going to be a tight match, said Da Costa.“We have played twice against them already and they are very good team.“Before anything, we should think about a good game for all the lovers of the game.“Hopefully, we shall give the fans a good final.“Of course am not going to tell the tactical approach but we are not going to defend with 9-10 men behind the ball, KCCA is a good team Vipers is a good team so we know how to go about it.KCCA will be without several first team players for the game.Strikers Shaban Muhammad and Derrick Nsibambi did not travel with the team. Shaban has been in the coach’s black book for a while now while Nsibambi has just concluded his move to Egyptian side Smouha FC.The others missing are left back Mustapha Kiiza and midfielder Muzamir Mutyaba who are both injured.For Vipers, they have no major injuries going into the game and will be welcoming back midfielder Tadeo Lwanga who was suspended for the return leg of the semi final clash with SC Villa.For Tom Matsiko, he will be facing off with his former side and will hope he gets some playing time this time round after seating out on the bench for the entire 90 minutes in the last game between the two sides.Vipers eliminated SC Villa 1-0 in the semi finals while KCCA ran riot as they powered past Synergy 10-0 after two legs.Match Facts.This is the third time the two are facing off this season with each winning one of the past two.This fixture has seen only one scoreless game in the last 23 games, implying that fans will at least see goals.KCCA has won only one of its last eight meetings with Vipers (D3 L4) and it’s the worst record against any other top flight side in that period.Vipers have gone 23 games unbeaten in all competitions, winning 19 and drawing four.KCCA FC have also been in good form of late, they have won six of their last seven games in all competitions, drawing the other one.Comments Tags: KCA FCUganda Cup finalvipers sclast_img read more

April Fools! The best local pranks doing the rounds today

first_imgWe’ve all had to keep our wits about us today as April Fools pranks are in full swing.From this morning’s news headlines to local announcements, there was no shortage of bizarre stories trying to catch us out.And Facebook was packed with ‘fake news’ from Donegal businesses. Here are a few of our favourites:Room with a viewDonegal auctioneer Boyd Robinson today revealed that he has the property of the millennium on his portfolio.It has panoramic views, plenty of character and open plan spacing. This is going to be a historic sell:Video via @Charlie Robinson EstateAgents Boogie on the BorderEurope’s first cross-border nightclub is on the way, according to the enterprising owners of Pulse Letterkenny. They’ve announced plans to build a venue with the best of both worlds after Brexit, complete with a customs post.Win a house – and a partner! The St. Eunan’s GAA Club Super Draw was brought to a whole new level today, with the announcement of an extra prize for this year’s winner.Not only will the top prizewinner get the keys to a 3-bed house worth €200,000, but they’ll have a male/female suitor waiting to wed them too.The St Eunan’s Draw takes place on Easter Sunday, 21st April, so if your dating life isn’t going well at the moment, it might be worth picking up a ticket.You’re aving a laugh, aren’t you?The Counter Deli in Letterkenny is a hotspot for coffee lovers and foodies who love avocado toast. But what happens when you mix the two? This mean green concoction was allegedly added to The Counter Deli menu today, but we’ll let someone else do the first taste test:Four Star unveil a ‘pizza’ their new product lineFour Star in Letterkenny are blending the best of their pizza ingredients into eyeshadow for a very unique new makeup line.It’s set to be hotter than chilli peppers:They’re on a roll at CentraCentra stores across Donegal have reimagined the classic chicken fillet roll to add an extra special flavour. Plain, spicy or sweet? The choice is yours. What was your favourite April Fools joke this year?April Fools! The best local pranks doing the rounds today was last modified: April 1st, 2019 by Rachel McLaughlinShare 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:april foolslast_img read more

Are you speculating or hedging?

first_imgShare Facebook Twitter Google + LinkedIn Pinterest CornThere was another USDA report last week estimating usage and carryout. It had few surprises; corn carryout raised slightly (this was projected in the March 31st stock reports), which means there is more corn stored on the farm than the trade previously estimated.Expect little corn excitement in the next two months. With plenty of old crop corn, the U.S is not competitive in the world markets as prices approach $4.00. On the other hand, farmers won’t sell below $3.75. A large weather event in May or June would probably be the only reason this trading range would change in the short-term. BeansIt’s hard to be bullish beans. The U.S. and the world for that matter has a mountain of beans in storage and plans to plant record acreage this year are forecasted. The only potential is that it’s a long time to August and making the crop is still open to weather issues. Are you speculating or hedging?Many grain marketing analysts have been predicting futures prices will rally from current levels, advocating farmers should buy calls on any grain they already have sold for new crop. I cringe slightly with this advice, because its effectively telling farmers to become speculators. Why is the strategy to “buy a call” speculating?Buying calls means farmers are buying the right to “re-own” grain at a set price in the future. Or, the farmer is choosing the right to own more grain. But, farmers have no inherent reason to buy grain. Farmers are always producing more grain. Maybe not tomorrow, but they will eventually and continually. The average 500- to 600-acre corn farmer raises 100,000 bushels per year, or 500,000 over the next five years. Therefore, I rarely recommend farmers buy calls. Instead, I suggest rallies in the market should be met with more selling.Making it even more speculative, many farmers have unpriced old crop left to sell and very little new crop sold. Farmers in this type of position need to realize their increased risk exposure with buying calls. What if the market does not rally? How much worse will their financial position be? Betting on the marketFarmers should think about the market this way — the market can move in three different directions at any time: up, down or sideways. So, there is essentially a 33% chance that one of these directions can happen. Market analysts can do their best to predict prices, but they can be wrong and no one really knows where the market is going to go. Assuming the market will rally, and therefore buying calls, should on average lose money 66% of the time. Because, prices could stay stagnant, as they have the last three months and the farmer would lose all of the premium paid for the call. Or prices could decrease further, and obviously the farmer would lose the whole value of the call. Yes a call has limited risk, but it’s still risk of loss. The details on why I don’t recommend buying a callOne analyst made the above recommendation when July corn was trading around $3.85 and Dec corn was trading at $4. Looking at an example, the cost to a farmer would be 20 cents for either the July $4 call or the Dec 4.50 call. While I might agree with the analysts that the corn board could increase, in my opinion betting that the price increase will be above the breakeven points after buying the calls is unlikely and has limited risk of a loss of 20 cents.Buying one of these call means prices need to hit $4.20 before late June for the July call or $4.70 by late November on the Dec call. Is it possible? Yes. Is it probable? I don’t know. Right now many think it’s more probable that old crop stocks will hold the July market back and thus less likely to happen. It would take a weather event for Dec to rally, but no one knows if that will happen or not.Farmers should ask themselves when buying calls, “would I buy Dec $4.70 corn (or $4.20 July) or sell at $4.70 on the Dec (or $4.20 July) if we reach those price levels?” My farm exampleI always tell farmers to take the cost of the call into account before deciding to put it on. I have our 2015 crop sold at $4.71 Dec futures. I could buy a $4.50 call this week for 20 cents, making my selling price guaranteed at $4.51 ($4.71- 20 cents for the call). This means I would have all the upside potential in the market (assuming a weather event occurs) because I bought a $4.50 call and my guarantee is basically the same price. BUT, do I really want to take 20 cents less if the market DOESN’T rally? Straight odds say the market only has a 33% chance of going up. So you never recommend buying calls?No, there are times when it makes sense. Even the example above for my farm looks tempting on a few bushels. I tend to recommend them with part of the crop that is not covered by insurance or if I fear a production issue. I also tend to use them more for soybeans than corn, but the principals are the same for both. It depends on my market strategy and goals during the year.Buying calls like this is similar to “trying to hit the home run.” I understand the mentality of wanting to “hit the home run.” Who doesn’t? But, realistically the chances are low you can hit it (especially every time). And, the risk to the farmer hitting the bottom increases. In marketing grain for our farm and advising my clients, I rarely take the “hitting for the fences” strategy. I prefer to win the game with small single hits every time. While boring to some, a strategy that probably will not hit the top, but avoids hitting the bottom, is a proven winner year after year.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]last_img read more