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Wenger avoids Mourinho ‘war’

first_imgArsene Wenger has refused to be drawn into a war of words with old adversary JosÈ Mourinho after it was claimed the Manchester United boss once wanted to “break his face” during his time on the Chelsea bench.Wenger said he was totally focused on today’s Premier League match against Chelsea and would only talk about football matters when the quote taken from Mourinho’s biography was put to him at yesterday’s press conference.Wenger and Mourinho have had quite a few clashes while the latter was coach of Chelsea.Mourinho, book which was serialised in the Daily Mail, outlines alleged conversations with a football journalist and includes a mention of an angry exchange surrounding Wenger which reportedly ended with Mourinho saying: “I will find him one day outside a football pitch and I will break his face.””Look, I haven’t read the book and I certainly won’t read it,” Wenger said.”I cannot comment on that. I talk about football and that’s all I do. I’m not in a destructive mode, ever. I’m more constructive and I cannot comment on that because I’m focused on tomorrow’s (today’s) game and how we want to play football.”I have no personal problem with anybody, I respect everybody in our game and I don’t feel I comment a lot on other teams. Sometimes I just say what I think, but that is part of the way I am,” Wenger added before looking forward to today’s game which will be his first contest again new Chelsea boss Antonio Conte.”Honestly for me it was always just a big game and an important game, and the personal rivalry that you suggest existed stronger before was never, in my head, a concern,” he added.”What is always important is it’s a big game. Chelsea in the last 10 years had very, very strong teams. You realise that today as well. Before that period, we were always beating them, after they were always the stronger team for a few years.”Now, it looks like it’s a new era where it’s a bit more balanced again and we feel we are progressing at the moment so we have a good opportunity to grab and to change what I call ‘the inconvenient facts’ of the recent years.”last_img read more

Clara Town U14, NKT U12 Win Cities Challenge Cup

first_imgNational Coach Thomas Kojo congratulates New Kru Town U12 skipperWest Point U14, NKT U14 OutDoc Lawson, president of DonamiSports, organizers of the City Series Challenge Cup told the contestants in the latest edition of the tournament that there was one way of continuing in the series.“If you win,” he told the participants at the Mandela Field, near Point Four last Saturday, “you will continue to participate in the tournament and a loss means the loser is out of the competition.”And the contestants from West Point, Clara Town and New Kru Town players cheered.But in the end, after grueling, entertaining football that was witnessed by national team coach Thomas Kojo, New Kru Town U12 defeated their West Point counterpart 4-1 to make sure that they gained the qualification to travel to Gbarnga, Bong County, in November when the next series get underway.The young kids showed a great imagination and played according to the laws of the game as explained earlier by Doc Lawson. “We want real football here. We don’t  want unruly players. Don’t kick your opponent, just play the game and win,” he told each session of the game.The West Point players shed tears for losing the match. They have won several games, including trophies at each victory in places such as Duport Road, Kakata, Harbel, Clara Town, and West Point.Their senior U14 lost to Clara Town in their last series match at the Clara Town Sports Pitch, ending their participation as Clara Town All Stars took up the mantle to continue the process.And on Saturday, the previously victorious Clara Town U14 All Stars defeated their counterpart from New Kru Town 2-0 in an entertaining encounter.National Coach Kojo, who watched part of the game, was excited and handed over trophies to the winners. “I saw your nice performance and as you prepare a career in football, make sure that you are able to take instructions,” he told the kids. “You must be disciplined because the game has a lot of things that you must be willing to accept as a player.”Both Clara Town U14 and New Kru Town will move to play in the next City Series Challenge Cup against their counterparts in Gbarnga and the winners will also continue the series.While the two winners received two giant sized trophies, the two losers also received trophies. DonamiSports provided the jerseys, water and footballs for the tournament.Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)last_img read more

Block maker loses right eye

first_imgEBD beatingMunir Amin of Lot 51 First Street, Garden of Eden, East Bank Demerara, the block maker who was found on Monday morning on the roadway with injuries to his body, has lost his right eye and part of his face is disfigured as a result of the severe injuries he received.This was confirmed by one of his sisters, who told Guyana Times that he remains in a stable condition.According to the sister, Amin underwent successful surgery on Monday afternoon and the family is hoping he can recall what took place on the morning after leaving a wedding house. The woman added that they are hoping that they receive justice. However, upon regaining consciousness on Tuesday, the young block maker told relatives that he could not remember what took place. He reportedly told his family that he might have been “drunk” and could not remember anything. The PoliceInjured: Munir Aminnevertheless are continuing their investigation into the incident.Amin was found in the wee hours of Monday morning lying a short distance away from his home with gaping wounds to his head and face. He was reportedly found at about 03:30h by a passerby who informed his father.The young man was picked up and taken to the Diamond Diagnostic Centre where he was treated and transferred to the Georgetown Public Hospital. He was admitted a patient in a critical condition. His father, Noel Seu, had stated that he could not say if his son was a victim of a hit-and-run accident or if his son was beaten.“What ever happen to him, we don’t know… all we want is some justice…”, the father stated. The young man is described as a peaceful individual who does not get into trouble. The Police have since taken statements from the young man as they continue their investigations.last_img read more

Letterkenny 247 Triathlon Club: Donegal men battle in the Ironman World Championships

first_imgAidan Callaghan made his World Championship Debut for Ironman in Hawaii with some impressive times.Callaghan made his World championship debut in Kona Hawaii. We had another interest in the race as Bryan Mc Crystal who won our Olympic race as a warm up race for iron Man Bolton also took part.Callaghan finished 89th in his age group and 383rd overall. He swam very well swimming the 3.8k swim in 54 minutes and averaged 36.8kmh on the 180k cycle dealing with cross winds and head winds but found the heat hard to cope with on the marathon portion of the race. Everyone was glued to the race which started 6.00pm our time with Aidan completing the course in a credible time of 9.54.06. He had able support from wife to be Catherine Regan as well as from his parents Christy and Maeve. Bryan Mc Crystal was best of the Irish in a time of 9.12.08 thanks in the main to a superb bike time of 4.29.14. Aidan’s splits were 54.05, 5.07.57 and 3.43.29.Jan Frodeno of Germany defended his professional title with splits of 48.02 ,4.29.34 and 2.45.34 finishing in 8.06.30Other racesPhillip Browne ran the three quarters marathon in Athlone in a time of 2.33.17 finishing with a negative split which augurs well for him for the Dublin Marathon at the end of the month.In the Donegal Cross country race held in Fanad, Natasha Kelly was second woman home with Siobhan Gallagher fourth. Siobhan was part of the silver winning Letterkenny Athletics team and Natasha was part of the bronze winning team from Finn Valley. Well done to both women. Liam Tinney was part of the Gold winning team from Letterkenny Athletics club in the mens race.Colin Dean made a welcome return to racing in completing a half marathon in the cathedral city of Salisbury in Wiltshire in a time of 1.28.40National Duathlon SeriesThe fixture list for 2017 has been published and Letterkenny will be hosting a Sprint race on the fifth of March 2017 . To be eligible for a ranking you have to do three races in total one of which is the national championship race in Clarenbridege in Galway on the twelth of March. There are nine races in total. Full details are on the triathlon Ireland website so people can plan their races.National Triathlon seriesThe club was unsuccessful in its application for a National Series race . It is still proposed that we run a sprint and Olympic race in mid July 2017. We are awaiting clarification on the date that we will be holding our race.Letterkenny ACLetterkenny Athletics Club have offered club members the opportunity to train during the winter withtheir club . This also facilitates the casual use of downstairs shower facilities at Aura and also the opportunity to race cross country. Contact any committee member for details. Other newsThe Club AGM will be held on the 21st of October in the Glengesh room at the education centre in St. Conal’s Hospital at 19.30. (please note the changed venue) Nominations are invited for Chairman, Secretary, Treasurer, Pro and eight committee members. Please have nominations delivered to Pauric Kelly by Wednesday 19.10.16.Any motions must also be sent in by that date with a proposer and seconder and either must be in attendance to discuss the motion.The club night out is provisionally set for the 2nd of December in Arena 7.Anne Robinson has collated the race results from the time trials and Brick sessions. We hope to have it ready for publication next week. On the mens front it definitely seems that the veterans are to the fore. Letterkenny 247 Triathlon Club: Donegal men battle in the Ironman World Championships was last modified: October 12th, 2016 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:athleticsCLUB NOTESDonegal Cross CountryIronman world campionshipletterkenny 247 athletic clublast_img read more

BEST WISHES FLOOD IN AS MICHAEL MURPHY SET TO OPEN HIS FIRST BUSINESS

first_imgHe’s already one of the most famous faces in Irish sport.Michael Murphy is set to open his first sports shop.And now Donegal captain Michael Murphy is set to open his own sports empire!The Glenswilly man has signed a deal to open Michael Murphy Sports and Leisure which will be located in Letterkenny. A Facebook page about the shop, which will be located at the Station Roundabout, last night revealed the venture will be opening soon.Fans of the GAA star have been sending him best wishes and messages of congratulations on the venture.And before the doors even open, the young man who has given fans what seems like a lifetime of service, already has hundreds of followers on Facebook.An exact opening date has yet to be announced. In between now and then there is a certain date with a small football team known as Dublin in the semi-final of the All-Ireland. BEST WISHES FLOOD IN AS MICHAEL MURPHY SET TO OPEN HIS FIRST BUSINESS was last modified: August 12th, 2014 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:CaptaindonegalGAAglenswillyMichael MurphyMichael Murphy Sports and Lesiuresports shoplast_img read more

DDTV: Monday blues? This amazing performance is sure to cheer you up

first_imgRecorded at last year’s Rory Gallagher festival in Ballyshannon, here is a performance by the unbelievable Johnny Gallagher playing “Oh Well”.A crowd quickly gathers around Johnny and after a few minutes he has everyone tapping their feet to the infectious beat. The Rory Gallagher festival is on every year to celebrate the life of the multi-instrumental Rory Gallagher. A bronze statue of Rory overlooks Ballyshannon.DDTV: Monday blues? This amazing performance is sure to cheer you up was last modified: October 24th, 2016 by Elaine McCalligShare 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)last_img read more

Half-time: Chelsea 2 Arsenal 0

first_imgJuan Mata’s emphatic finish and Frank Lampard’s penalty put Chelsea in command in the London derby.Mata, who scored their winner at Arsenal earlier in the season, put them ahead after only six minutes in the snow at Stamford Bridge.Believing Francis Coquelin had been fouled by Ramires in midfield, the Gunners switched off and Cesar Azpilicueta lifted the ball towards Mata, who controlled it beautifully before holding off Bacary Sagna and firing home.The opener came shortly after Olivier Giroud had missed a great chance for Arsenal, dragging a shot wide after being set up by Theo Walcott.Once in front, Chelsea – with Fernando Torres preferred to Demba Ba up front – took control and doubled their lead after Ramires was brought down by keeper Wojciech Szczesny, who escaped with a yellow card.Lampard tucked away the resulting spot-kick – his 195th goal for the Blues.Ramires might have made it three but blazed over after going past Kieran Gibbs.Torres also shot wastefully over in the final minute of the half.Chelsea (4-2-3-1): Cech; Azpilicueta, Cahill, Ivanovic, Cole; Ramires, Lampard; Oscar, Hazard, Mata; Torres.Subs: Turnbull, Ferreira, Marin, Terry, Ba, Bertrand, Ake.Click here for our Chelsea v Arsenal quiz 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 Follow West London Sport on TwitterFind us on Facebooklast_img read more

Anti-Biblical Bias Shaped Geological Opinion

first_imgGeologists resisted evidence for catastrophic flooding because they wanted to distance themselves from Genesis.We’ve recounted the story of J Harlan Bretz several times over the years. His unconventional hypothesis about the origin of the Channeled Scablands in eastern Washington by catastrophic floods was resisted by the consensus of geological opinion. Now, two geologists propose that the massive canyons there and on Mars did not take as much water as previously believed. The write-ups of their findings reinforce what we’ve stated about anti-Biblical bias against catastrophism. Perron and Vinditti write in Nature,When the geologist J Harlen Bretz proposed in the 1920s that the Channeled Scablands were created by a catastrophic flood, his ideas were attacked relentlessly by geologists who subscribed to the mainstream view that erosion is slow and steady, and who wanted to distance their profession from the notion of a biblical deluge.Bretz’s triumph over his critics provides a classic case of a maverick overcoming a reigning paradigm through his personal courage and persistence, wielding incontrovertible evidence.The new consensus about the Scablands is strong, but needs modification, Perron and Vinditti say.Although the flood origin of the Channeled Scablands is no longer disputed, the sizes of the individual floods remain uncertain. It has become common practice to place an upper bound on the flow rate of the floods by assuming that they filled the present-day canyons to the brim. Estimated flood magnitudes based on this assumption range up to 60 cubic kilometres per hour — nearly 100 times the average flow rate of the Amazon River today. But these estimates might be much too large. Glaciologists have argued that it is difficult for ice sheets to store enough water to produce such enormous floods. The brimful-flood model also requires the unlikely scenario that each flood passing through the canyons was larger than the one that preceded it, because the canyon deepens as each successive flood erodes the bedrock.Now, Isaac Larsen (University of Massachusetts, Amherst) and Michael Lamb (Caltech) argue that about 5 to 10 times less water was required to carve the big canyons. Writing in Nature, they propose a “threshold shear stress model” to replace the brimful model. Their model has implications for other canyons on Earth, and for fluid-carved canyons on Mars as well.The threshold shear stress model implies that canyons in the Channeled Scablands were eroded by floods with depths that were a fraction of the relief of the final canyon (Fig. 4). This physics-based finding is consistent with several recent investigations of canyon carving at other sites on Earth and Mars: for example, those where bedrock incision by plucking or toppling of jointed rock occurs at depths less than brim-full, those where terrace chronology indicates multiple episodes of canyon incision, or those where lakes in breached craters contain insufficient water volumes to fill downstream channels.Our results suggest that the morphology of canyons (for example, terraces, valley shapes and slope profiles) on Earth and Mars could reveal information about both the history and discharge of flooding that warrants further investigation. The outburst floods that carved the Channeled Scablands were extraordinary under either end-member model, but predictions of discharges from the threshold shear stress model are five- to ten-fold smaller. On Mars, owing to the low permeability of aquifers, it has been challenging to reconcile the very large reconstructed brim-full discharges in outflow channels with a subsurface flood source. Given the proposed similarity in incision mechanics for outflow channels on Mars and in the Channeled Scablands, the threshold shear stress model provides a link between the physics of groundwater-sourced floods and terraces observed in orbital data, implying longer duration, lower discharge floods, or multiple floods on early Mars.NASA’s Astrobiology Magazine sums it up this way: “A new model of canyon-forming floods from UMass Amherst and CalTech researchers suggests that deep canyons can be formed in bedrock by significantly less water than previously thought.” Two consequences of this change of view seem evident. For one, it no longer seems necessary to presume that Mars had as much water as previously thought. A second implication is that floods on Earth can accomplish much more geological change with far less water. Rethinking the amount of water required “could reveal information about both the history and discharge of flooding that warrants further investigation.” This sounds like a shot in the arm for catastrophism.It’s not necessary to propose multiple floods (“tens of floods”) for the Channeled Scablands. Larsen and Lamb cite a 1985 paper by one guy for that idea. The important point is the tremendous power of water. If only 10% or 20% of the amount previously assumed could carve the Channeled Scablands, then it follows that a global flood would have correspondingly more power to alter Earth’s crust and sediments. It becomes more credible to associate a single catastrophe with the miles of sediments and deep canyons found all over the Earth, particularly on the Colorado Plateau where they are exposed so well with flat contacts speaking of a short period of time. Creation geologist Steve Austin mentioned “plucking” decades ago as a process that can accelerate bedrock erosion.Notice the anti-Biblical bias of the geologists of Bretz’s day. Perron and Vinditti say his views were “attacked relentlessly” because they seemed to support a Biblical flood account. The attacks went on for decades! Bretz stood alone against the establishment between the 1920s and the 1960s, when his views were finally accepted. (Remember that this was the period between the Scopes Trial and the Darwin Centennial.) We should not be discouraged if today’s secular materialists exhibit the same visceral reaction against intelligent design or creation geology. It’s hard to overcome an entrenched, powerful worldview. Its proponents sometimes never change. New views often gain traction one funeral at a time. Creation speakers have seen younger students be much more accepting of young-earth evidences than their hoary old dogmatic professors. We must keep the evidence out there where open minded young people can see it.Resource: Dr. Terry Mortenson’s DVD “Deep Time Evolution” from AiG has damning quotes from secular geologists from the 1790s and beyond, showing that they had made up their minds to hate Genesis before even looking at the evidence. Mortenson’s PhD specialty is the history of geology (see also his book The Great Turning Point for even more citations). He explains how evolutionists and creationists both have the same evidence, but their worldview drives their interpretation of the evidence. It takes courageous mavericks like J Harlan Bretz to stand against a crowd. Unfortunately, even Bretz did not take the implications of his finds far enough. Had he examined even larger canyons than the scablands, he might have been led to propose a world-wide flood. (Visited 96 times, 1 visits today)FacebookTwitterPinterestSave分享0last_img read more

Cape Town prepares for Zuma’s address

first_img14 February 2013The Parliamentary Precinct in Cape Town’s city centre is abuzz with activity ahead of South African President Jacob Zuma’s State of the Nation Address.The President is expected to outline government’s priorities for the year and officially open Parliament at 7pm on Thursday.The address will be broadcast live on radio and television as well as streamed live on www.parliament.gov.za.Government Communication and Information System (GCIS) has arranged for the address to be broadcast on big screens at a variety of venues in all provinces.Security is being beefed up and media are setting up their booths from where they will broadcast interviews, while parliamentary staff are ensuring the final preparations are wrapped up and that the National Assembly is perfect.The red carpet and platform leading up the National Assembly, where dignitaries will show off their fashion, is being allotted and large screens are being tested.Focus on National Development PlanThe South African Air Force on Tuesday practised the flyover above Parliament, which is scheduled to happen as the President arrives at the steps of the National Assembly.There will also be a national salute by the Ceremonial Guard of the South African National Defence Force and a 21-gun salute.Special State of the Nation Address banners have been erected along the precinct’s roads, many of which will be closed to traffic later today and tomorrow.Some of the invited guests include the country’s top matriculants from last year, businesspeople, diplomats, former President Thabo Mbeki and his wife Zanele, former Deputy Presidents Baleka Mbete and Phumzile Mlambo-Ngcuka, former President FW de Klerk and Elita de Klerk, former Chief Justice Pius Langa and former Speaker of the National Assembly Dr Frene Ginwala.In his address, Zuma is not only expected to focus on the National Development Plan, but he will also provide an update on all key programmatic areas, especially the five priorities – education, health, creating decent work, the fight against crime as well as rural development and land reform.He will also outline progress made in the implementation of the New Growth Path, the economic strategy within the NDP.The Presidency has invited members of the public to send their comments on what they would like to see in Zuma’s speech on Facebook at www.facebook.com/presidencyza/ and twitter at @PresidencyZA.Source: SANews.gov.zalast_img read more

Managing a sideways market with downside protection

first_imgShare Facebook Twitter Google + LinkedIn Pinterest Weather is driving the market right now. As forecasts adjust twice a day, the market can shift direction abruptly. At this point it’s really difficult for the market to fully estimate the actual amount of stress the corn crop has sustained so far and its impact on overall future yields. Contributing to the uncertainty is the significant amount of unpriced old crop corn still in storage by many farmers, which will continue to put resistance on higher prices in the short-term. Market actionUncertain about the market direction going into summer, and with less corn than I desired to have sold for the 2017 crop, I want to make another trade. With what I know today, I expect the market to be trading sideways from here until late in November. New trades I placed:6/12/17 — Trade #1 when Sep corn futures were $3.89Expected market direction — Probably sideways with some downside potential into fallTrade Detail — Sold Sep $3.90 call for 19 centsThis trade amount = 5% of planned productionExpires  8/25/17 after the crop condition is well knownPotential Benefit: If Sep futures close at $3.90 or below on 8/25, I keep all of the 19 cent premiumPotential Concern: no downside protectionFor every penny above $3.90 I get 1 cent less premium until $4.09 and I don’t have to sell any corn. At $4.09 or higher I have to make another corn sale at $3.90 plus the 19 cent premium which would be like a $4.09 sale. Because the sale would be against Sep futures I would have the opportunity to roll the sale forward and against the Dec futures which would likely add 10 cents of profit to the trade. Thus I could have a $4.19 sale in place.6/7/17 – Trade #2 when Dec corn futures were $4Sold 2 Dec 4.00 calls and collected 29 cents each (or 58 cents total)Bought 1 Dec 3.70 put and paid 11 centsNet profit: +45 cents (after paying just under 2 cents of commissions)All trades expire the day after ThanksgivingThis trade amount = 5% of planned production is protected to the downside What does this mean?Basically I have a floor price of $4.15 and a potential price ceiling of $4.45, but the outcome varies depending on the price of Dec corn at option expiration (which is the Friday after Thanksgiving).If Dec corn is near $4.20 at expiration I get about $4.20 for my corn• Every penny corn is below $4.22 to $4.00, 1 additional cent is added on to the $4.20 price (e.g. if it is $4 exactly I take home $4.45)• Every penny corn is below $4.00 to $3.70, 1 cent is subtracted from $4.45 all the way down to $4.15 (if it is at $3.70)• Anywhere under $3.70, and I still get $4.15 (15 cents above where the market was when I placed the trade)If Dec corn is above $4.22 then I have to take $4.22 on the this sale and I have to make another corn sale at $4.22 (even if corn is $4.50 or $5)Here is graph illustrating the results of trade #2Seems like a great trade, why not do more?This trade required me to do something that I normally caution against and that is to risk having to sell two bushels to protect one bushel from downside. So while there is still the potential of doubling up a 2017 sale at $4.22, I don’t want to commitment more than a max of 10% of my anticipated production right now. Trade summaryThe bottom line is this is a sideways market trade play with some downside protection.Market trades sideways = biggest profit (the closer the market is to $4, the better)If the market goes up I get a premium that puts me on my farm’s breakeven points or betterIf the market goes down I have a $4.15 floor priceIf there is a horrible drought I miss out a on a huge price rally, but I have much more of my crop left to sell.As I’ve mentioned before, I plan my grain marketing on what I think might happen based upon what I know today and historical trends. However, I still consider all possible scenarios the market could do. The market can do three things: go up, go down, or go sideways. So when making trades I need to be comfortable with all outcomes. That’s why I always balance potential premiums on each trade against the risk I’m taking if the market goes a different direction.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