Things That Go Down, Must Go Up? Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago in Daily Dose, Featured, Foreclosure, News Data Provider Black Knight to Acquire Top of Mind 2 days ago July 11, 2017 1,349 Views Share Save Tagged with: Delinquency The Week Ahead: Nearing the Forbearance Exit 2 days ago Home / Daily Dose / Things That Go Down, Must Go Up? In it’s April 2017 Mortgage Performance Report, CoreLogic, a global property information, analytics, and data-enabled solutions provider, showed 4.8 percent of mortgages were in some stage of delinquency, meaning they were 30 days or more past due, including those in foreclosure. In overall delinquency, this continues its decline representing 0.5 percentage point regression compared to April 2016’s 5.3 percent.The share of mortgages in some stage of the foreclosure process, or foreclosure inventory rate, was 0.7 percent. This is slightly down from April 2016 when the rate was 1 percent. Serious delinquencies, which are 90 days or more past due including loans in foreclosure, was down 0.6 percent from April 2016’s 2.6 percent.“Most major indicators of mortgage performance improved in April, showing that the market continues to benefit from improved economic growth and home price increases,” said Dr. Frank Nothaft, Chief Economist for CoreLogic. “Regionally, with the exception of several energy industry intensive states – Alaska and North Dakota – the rest of the U.S. continues to see improvements in mortgage performance. While overall performance is improving, it reflects the older legacy pipeline of loans that continue to heal, especially in judicial states which typically take longer to clear out.”According to CoreLogic, measuring early-stage delinquency rates gives a good outlook at the health of the overall mortgage market. They monitor all stages of delinquency along with transition rates from one stage of delinquency to the next, particularly because early-stage delinquencies can be volatile. From Current to 30-days past due, 1.2 percent of mortgages transitioned in April 2017. This is 0.2 percent above April 2016. Just before the financial crisis in January 2007, the rate was 1.2 percent and peaked in November at 2 percent.Mortgages 30-59 days past due, or early-stage delinquencies, increased 2.2 percent in April from last years 2 percent. Sixty to 90 days past due were at 0.63 percent, which is a minuscule 0.1 percent decline from April 2016.“Delinquency rates are down virtually across the board as the rebound in the U.S. housing market continues to gather steam,” said Frank Martell, President and CEO of CoreLogic. “It appears likely that delinquency rates will continue to fall for some time, but at a moderating pace. As we look forward, improved fundamentals provide us with a firm foundation and we must now increase our attention to carefully expand the supply of affordable housing stock and ensure that mortgage lending policies help to prudently promote first-time homeownership.” Previous: How Deep Are Your Pockets? Next: Top 5 Hottest SFR Markets Demand Propels Home Prices Upward 2 days ago Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago Sign up for DS News Daily Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Print This Post Servicers Navigate the Post-Pandemic World 2 days ago About Author: Brianna Gilpin Related Articles Brianna Gilpin, Online Editor for MReport and DS News, is a graduate of Texas A&M University where she received her B.A. in Telecommunication Media Studies. Gilpin previously worked at Hearst Media, one of the nation’s leading diversified media and information services companies. To contact Gilpin, email [email protected] Servicers Navigate the Post-Pandemic World 2 days ago Delinquency 2017-07-11 Brianna Gilpin Subscribe
By Dialogo October 25, 2010 Following a meeting with President Alan García at the Palace of Government in Lima, the foreign minister of Argentina, Héctor Timerman, expressed his country’s satisfaction with the facilities granted to Bolivia by Peru for non-sovereign access to the sea. “I congratulated the president (García), and I expressed to him Argentina’s appreciation of the gesture Peru has made in making available to Bolivia a more extensive area for its access to the sea,” said the foreign minister, who was on an official visit to Peru. “It is a generous gesture that brings nations together as brothers and shows the feeling there is among the countries of Latin America,” he added in a conversation with reporters while touring Lima’s historic center after meeting with García. Timerman indicated that he does not believe that the Peruvian gesture could discomfit Chile or that the Peruvian-Bolivian agreement could be understood as putting pressure on Santiago to grant Bolivia access to the sea. Bolivia lost its access to the sea during the War of the Pacific in the nineteenth century, in which, as an ally of Peru, it opposed Chile, which won the conflict and took Peruvian and Bolivian territory. “I don’t know what Chile thinks; I do know what Argentina thinks. It’s a gesture that shows that in Latin America we are beyond all these conflicts; if we can help another country, we’re going to do it,” he said. At a meeting on 19 October in the Peruvian port of Ilo, Peruvian President Alan García and Bolivian President Evo Morales signed a protocol relaunching the Boliviamar project, a port zone of 5 kilometers of coast and 160 hectares that was granted by Peru to Bolivia in 1992 for 99 years. The agreement grants new and greater facilities for access to the Pacific for Bolivian exports, especially minerals and gas. It includes the construction of an annex of the Bolivian Naval School and berths for Bolivian commercial ships and naval training ships.
According to the eVisitor system, which includes tourist traffic realized in commercial and non-commercial facilities and nautical charter (eCrew system), in the period from January to the end of May, 3,6 million arrivals (+ 19%) and 11,6 million overnight stays were realized in Croatia. (+ 24%).Out of that, foreign tourists realized 2,9 million arrivals (+ 22%) and 9,9 million overnight stays (+ 27%), while domestic tourists also recorded increases in arrivals by 10% and in overnight stays by 7%.During the first five months, the highest number of overnight stays was realized in Istria (3,4 million overnight stays), while 1,8 million overnight stays were realized in Kvarner and Split-Dalmatia County. They are followed by Dubrovnik-Neretva County with 1,4 million overnight stays, Zadar County with 925.000 overnight stays, Zagreb with 820.000 overnight stays, Šibenik-Knin County with 498.000 overnight stays and Lika-Senj County with 243.000 overnight stays. On the continent, not including Zagreb, there were 334.000 arrivals (+ 17%) and 693.000 overnight stays (+ 15%), and looking at the counties, most overnight stays were realized in Krapina-Zagorje (132.000 overnight stays), Karlovac (102.000 overnight stays), Osijek Baranja (73.000 overnight stays), Međimurje (65.000 overnight stays) and Vukovar-Srijem County (64.000 overnight stays).”We are happy with the results of this year’s pre-season, where we achieved high double-digit increases in tourist traffic. This confirms that our digital campaigns, marketing and PR activities placed on foreign markets, conducted with the aim of positioning Croatia as a year-round destination, are very well received. We will continue to cooperate with key foreign and domestic partners in attracting guests outside the summer part of the tourist year, which is one of our strategic goals. ” said the director of the Croatian National Tourist Board, Kristjan Stanicic.At the national level, during the first five months, most overnight stays were realized from the markets of Germany (2,5 million overnight stays), Austria (1,1 million overnight stays), Slovenia (913.000 overnight stays), the UK (643.000 overnight stays) and BiH (421.000 overnight stays). , and looking at the accommodation segment, most overnight stays were realized in hotels (5,6 million overnight stays) and in household facilities (2,2 million overnight stays).30% more guests in May than last year In May, there were 1,7 million arrivals and 6,5 million overnight stays in Croatia, which compared to May 2017 represents an increase of 30% in arrivals and 39% in overnight stays.In May, the highest number of overnight stays was realized in Istria (2 million overnight stays), Split-Dalmatia County (1,1 million overnight stays) and Kvarner (1 million overnight stays), while on the continent in May 104.000 arrivals (+ 19%) and 189.000 overnight stays (+ 16%), of which most overnight stays were realized in Karlovac, Krapina-Zagorje, Osijek-Baranja, Zagreb and Vukovar-Srijem counties.During the extended Weekend weekend, more than a million overnight stays were realized In the period from 30 May to 3 June 2018, ie during the extended Corpus Weekend, 380.000 arrivals and 1,5 million overnight stays were realized in Croatia.During Corpus Christi, the majority of tourist traffic was registered in commercial accommodation facilities, while non-commercial accommodation facilities participated in the total traffic with a share of 6% in overnight stays and 2% in arrivals. Hotels were the main carrier of traffic, with a share of 36% in overnight stays and 46% in arrivals, while campsites were in second place, with a share of 25% in overnight stays and 20% in arrivals. During the extended weekend, most overnight stays were realized from the markets of Germany (445.000 overnight stays), Austria (260.000 overnight stays), Croatia (129.000 overnight stays), the UK (101.000 overnight stays) and Slovenia (73.000 overnight stays).”Croatian tourism has achieved a growth of over 35 percent of tourist traffic compared to the same period two years ago and everyone in the tourist system should be proud of that. This is proof that our activities so far have yielded excellent results, but also that tourism does not happen by itself, but that with continuous work to increase quality and through the creation of new offers, great strides can be made very quickly. I believe that these results will have a positive impact on the continued growth of revenues in tourism and will be an incentive for all to continue to build the success of Croatian tourism. ” concluded Tourism Minister Gary Cappelli.
THE first pieces of memorabilia bound for the sports museum were yesterday donated to the National Sports Commission (NSC) during a small presentation ceremony at the Sports Commission building on Homestretch Avenue.The presentation party was a small one, where legendary cricket commentator Joseph ‘Reds’ Perreira, Director of Sport Christopher Jones and NSC Chairman Ivan Persuad were present.Opening the ceremony was Persaud, who spoke about the value of sports museums around the world and the value of such a centre in Guyana.“This bodes well for our sports tourism, you can go all around the world and see such centres set up; also youngsters could go and see the history of the various disciplines in Guyana,” stated Persaud.Persaud also congratulated Perreira, who recently resigned from cricket commentary, on the feats he accomplished during his commentating career.Also speaking at the conference was Perreira himself who spoke about where the idea for such a museum set-up came from.“Guyana has produced two presidents of the West Indies board, we have produced many world class and world respected cricketers and the hope is that in this resource centre we can display a blazer, a cap, a bat that these cricketers have,” stated Perreira.Perreira added that the potential for such a Resource Centre is limitless, when the number of players Guyana has had is taken into consideration.“We can reach out to these cricketers’ families to get contributions for the centres, regardless of what is, and this could be a really good quality memorabilia for cricket in Guyana,” he said.According to Jones, the Resource Centre in Thomas Lands was already selected to house the memorabilia centre and the works towards getting it ready were already on the way.“We’ve reached out to the folks at the National Museum to have the proper lights to display the pieces without them being damaged and as soon as we’ve received word we can proceed,” stated Jones.The first piece donated by Perreira was a specially brewed can of beer from 1980 when the West Indies became the first team to win a Test match against Australia in Adelaide. Meanwhile the second piece was a cricket stump from Perreira’s 100th Test match at Sabina Park when West Indies defeated England.“These two pieces of memorabilia are to jumpstart the donations,” stated Perreira. Also going to be donated by Perreira is the jersey signed by the Guyana Jaguars four-day cricket team on Sunday after his last match.“I’m going to take this home and show my family and then bring it back for the collection,” he stated.The Resource Centre would be open to members of the public who would be able to see tangible pieces of history from Guyana’s cricketing legends. When the centre is set up it will be the fourth of its kind in the Caribbean.
Tomas Berdych and Jiri Vesely were level at two-sets-all when bad light stopped play last night.Fourth seed and Australian Open champion Angelique Kerber takes on fifth seed Simona Halep in the pick of today’s ties.Defending champion Serena Williams faces Russia’s Anastasia Pavlyuchenkova.
LIZZY’S EGG-STRA SPECIAL EASTER VISIT – JARLA’S VIEW! was last modified: April 20th, 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:cartoondonegalJarla
Fortuna >> The goal of Fortuna head coach Daniel Holmes entering the 2017 soccer campaign was to try and build back up what the Huskies have had over the past handful of seasons.He had plenty of new pieces to the puzzle and lots of voids to try and fill.With its 3-0 win over Del Norte on Wednesday evening, Fortuna is on the brink doing the same exact thing as it did this time last year — capture the Humboldt-Del Norte League title in undefeated fashion.The Huskies, who improved to 15-0-1 on …
The toe-to-toe battle for aircraft sales in the Pacific region continues with Airbus registering a win on Tuesday with a maiden A330neo deal in the Oceania market.New Caledonian carrier Aircalin signed an agreement for two A320neos and two A330-900 aircraft at a ceremony in the French territory but has yet to reveal details about engines or cabin configuration.The narrow bodies will be deployed on existing regional routes such as Australia and New Zealand, while the A330neos will boost services to Japan as well as potentially open new routes to destinations such as China.Airbus touts the A330neo as the most cost-efficient aircraft in its size category, offering a 14 per cent reduction in fuel burn, a longer non-stop flying range of up to 4000 nautical miles and the lowest maintenance costs of any aircraft.It hopes other airlines will take note of the Aircalin decision.“They may only be a small airline but I think they’re well known for being very well run, very dependable and all of that,’’ Airbus executive vice president Europe, Africa and the Pacific Christopher Buckley told AirlineRatings from Noumea. “Hopefully it will lead to a few other A330neos elsewhere … so it’s an important one for us.’’Although not the biggest of markets, Oceania — which includes Australia, New Zealand and the Pacific islands — is still forecast to require more than 1000 new aircraft over the next 20 years worth $US160 billion. Passenger traffic in the region is expected to grow at a respectable clip of 4.7 per cent per year.Both major manufacturers are counting coup wherever they can and Buckley conceded competition was tough.Boeing announced last week that Fiji Airways had inked a deal to replace five Boeing 737s with five B737 MAX’s to be used on the carrier’s short- and medium- haul network to destinations such as Australia, New Zealand, Hawaii, Kiribati, Samoa, Solomon Islands, Tonga and Vanuatu. The first two of the five brand new B737 MAX 8 aircraft will arrive in 2018 with the others coming a year later.Fiji Airways chief executive Andre Viljoen said the decision had been made after “an extremely exhaustive procurement and selection process’’ that highlighted improved operating economics and product enhancements as compelling reasons for the decision.It was a similar story at Aircalin on Tuesday as chief executive Didier Tappero outlined the reasons for sticking with Airbus.“As part of our plan to boost tourism to New Caledonia, Aircalin has made a strategic decision to renew its complete fleet with the A320neo and the A330neo to grow routes and connect New Caledonia to the region,” Tappero said. “The neo aircraft, with its state-of-the-art technology, will burn less fuel, lower our operational costs and offer our loyal passengers the highest standards in cabin comfort.”Buckley argues his US rival is competing even more aggressively because it needed to fill 737 MAX production slots as it continues to ramp up the rate at its Seattle factory. But he said Airbus was still ahead.He cited one Airbus advantage as the flexibility provided by the bigger A321neo, a plane taken by Air New Zealand and which gives the A320 family a variety of ranges and capacities. He also believed the A320 family was best for the passengers and had superior economics.“We never underestimate the competition out there,’’ he said. “We just have to make sure the airlines understand exactly what our aircraft can do. ‘’One sale Airbus is keen to make in Oceania was highlighted on Friday when latest version of Airbus A350, the bigger A350-1000, took to the air on its first test flight.The A350-900 is already in service and Buckley said the manufacturer was pleased with the way it was travelling, despite some “little niggles’’.“It wouldn’t be any secret to say we’d certainly love to see some 350s in this part of the world,’’ he said, noting there were long-term opportunities for he aircraft as Boeing 777 replacement at Air New Zealand and as a Boeing 747 replacement at Qantas.Airbus is particularly interested in Qantas plans for ultra long-haul routes to destinations such as Europe and is introducing a ULR version of the A350-900 for Singapore Airlines.“We’d be extremely interested in trying to make something work at Qantas with future derivatives, what we might call an ultra-long range version of the 350-900s and potentially the -1000 as well,’’ he said, noting that the question was what Airbus could offer in the gap between its A380 superjumbo and the Boeing 787-9.“So in the long term, and I think it is quite the long term, there is a window of opportunity.’’
They work really well and stop your heated rollers falling out. They are much better than the roller clips which came with my heated rollers. I bought these to hold my rollers in place. I haven’t used rollers since but they’re great for just holding your hair back when doing the housework. I have long fine hair so my self grip rollers tend to fall out easily. I wanted these as they go with the curvature of the roller, as opposed to leaving an imprint on your hair like a pin does. My largest roller is massive, and i didn’t know if these would fit, but they do, just about. They’re not the best quality in the world, but these round clips are very hard to find where i live, and these ones are very reasonably priced. So much so, i’ve ordered another pack so i now have enough to cover my whole head in rollers if need be. Needed these clips so i could use last years xmas present. I ordered these and they were deivered the next day brilliant. Actually used my heated rollers i had last xmas and the rollers stayed in with these clips. Makes using heated rollers soooo much easier!SIBEL Hair rollersheated hair roller clipsGreat for large volume heated rollersGreat with Babyliss Heated Travel RollersSuperb – excellent for securing rollers in placeSIBEL Hair Roller Clips Pack of 6Sibel clamps/clips for heated rollersPack of 6Black, gey, blue and white They are a little big when using smaller heated rollers. They are a little big when using smaller heated rollers. I use them with the roller clips in place though which means i can dust or vacuum or even dig the garden whilst my hair is “doing”. I wanted these to hold some heated rollers that had weird clips that left a line across the base. These were not really firm enough to to that. Perfectly adequate for day-to-day sectioning. Exactly what i was after, excellent value for money, very quick delivery. I would definately buy these again. Always good to have extra roller clips. These clips are a fantastic find as they firmly grip the 3 sizes of. These clips are a fantastic find as they firmly grip the 3 sizes of the o heated rollers i have and keep them tightly held in my hair. I would recommend them as a cost effective replacement for use with the o. The first pack i ordered were from another supplier but the price and the cost of p&p were a lot more than these. Excellent just what i wanted and so much better quality. Excellent just what i wanted and so much better quality than expected for price,. Excellent service will use this seller again. Work very well with heated rollers, keeps rollers in hair, very comfortable, excellent service arrived very quickly. Highly recommended, thank you. Good value as these aren’t easy to find and are fairly strong though not inflexible. Best for medium/large rollers (or two small ones) and much easier than pins. Incredible fast delivery – would definitely recommend (though as mentioned above come in various colours – not really for use as a general hair clip). Really nice product and good quality. Really nice product and good quality. I was a bit sceptical after seeing the cheap packaging but don’t be fooled, these do the job and for me were great replacements for a few lost grips. I brought these clips for my heated rollers. There a great price and a quick delivery. Similar to clips with roller but a bit more sturdy. All a variety of colours i dont see why its not just all blackreminds me of close pegs, good qualitysuper fast delivery. Makes using heated rollers soooo much easier. I bought these to use with babyliss thermo ceramic rollers. Babyliss only supply 10 (very flimsy) clips for a box of 20 rollers, although they do supply enough of the thin metal horseshoe type pins, but those tend to stab you. These plastic clips are much stronger and yes, as one reviewer said, they do come in black, grey, white and blue, but who cares, you’re not going to go outside with them on so colour coordination is not an issue haha.And they were dispatched immediately – i ordered them one afternoon and they arrived the next morning. Can’t fault the prompt service from this seller. Ok but not as good as i was expecting. I got a babyliss roller and wanted some additional clips (less clips than rollers are provided). The clips are ok but they’re not as good as the one provided with my babyliss rollers. That means that, although it’s supposed to be compatible actually the clips once set in the hair don’t stay there as well as the others. I’ll be able to use them anyway but i’m a bit disappointed. Acquired these as i have the cloud 9 o pod. . And their individual rip of clips are garbage. Acquired these kinds from amazon and they in good shape and don’t slide out anyplace around as uncomplicated.I feel they will be ideal as soon as i grasp how to set rollers in properlynot absolutely sure why they are unique colours but it will not matter. Acquired three packs and they healthy every dimension roller i have (which is at minimum 4 of each individual dimensions)would def advise.Low-priced and does the job, considerably simpler that the fiddly pins that came with my nicky clark heated rollers.Fantastic for significant quantity heated rollers. I acquired these due to the fact my extremely substantial really large umberto giannini glam hair heated rollers arrived with rubbish wire horseshoe clips, these are fantastic they are huge enough to maintain hair in the big volume rollers and they you should not get tangled or snap when you use them – good product excellent worth for revenue.Incredibly strong and good high quality (particually as opposed to the a single that arrived with the babyliss rollers that are v flimsy)random color choices. Black blue gray and white all combined in. Why not just black?discovered them fairly major, likely finest to use with the biggest rollers on top rated of your head, as the pull down and will not grip as tightly on the smaller sized types at the aspect of your head, but they do sense very solid although.So excellent, i bought one more whole lot for my heated rollers. Considerably greater than the clips which were being provided. Maintain the rollers and hair in location.L have also been on the lookout for a merchandise like this in stores but could not come across something like it, so l was seriously pleased when l noticed them on amazon. They maintain my curlers in position perfectly,they are best suited for medium/massive curlers, they are lightweight but are however analyze. So delighted l sent for yet another packet.
Share Facebook Twitter Google + LinkedIn Pinterest By Jon Scheve, Superior Feed Ingredients, LLCThe upcoming corn and soybean harvest is expected to generate the largest crop ever. Combine that with one of the largest carryouts ever and it’s panicking both farmers and end-users without enough storage. As a result, basis levels are at mid-harvest levels before we even begin, suggesting end-users are overwhelmed with grain arriving on their doorstep as farmers clear out space to make room for the crop that will be arriving in a few weeks. The market is paying to store any part of this crop for a while, which may spur some creative storage solutions.On a positive note, corn futures seemed to bounce off the bottom by 10 cents this week, which may suggest this year’s corn low has arrived. If this turns out to be the case it would be the third year in a row for that to have happened at the end of August.However, last year harvest was slow and as a result the market was able to consume quite a bit of the excess grain. This helped keep prices from dropping and basis from being even lower. This year the harvest looks like it could be early which is putting added pressure on the logistics for the entire grain complex, which is already overloaded. Prices could still find their way heading lower as harvest begins.Any beans futures rally seems like a gift at this point. Basis levels are lower than last year’s harvest. In the Dakotas for example, some cash value bids are in the $6s. Cash beans don’t really have an export home because of the trade issues with the world’s largest bean buyer. Beans seem to have more downside risk than upside potential for the next 45 days. Plus, recent comments from the White House suggest relations with China are far from being fixed. Without a trade resolution, bean prices may find it difficult to rally until after harvest. What I’m doing with my remaining ’17 corn?I priced my remaining ’17 corn with futures by exercising some $3.60 Sep puts. That corn is physically stored in my bins and I fully intend to hold it until after the ’18 crop is harvested. These bushels represent about 35% of my ’17 crop and I have plenty of on-farm space to store this corn and all of my 2018 crop.I’m choosing to make this marketing decision because the basis is already at the lowest level I have seen in two years. However, because my futures sales are against the Sep futures which are now in the delivery process, I had to move them forward to another futures contract. Thus, I had to “roll” my futures positions forward to capture carry and look for a better basis opportunity down the road. What does “rolling” my futures position forward mean?Rolling futures is also the process by which I collect market carry. I had an options position that turned into a short Sep futures position or a sale. This means that I have to deliver my grain immediately, unless I moved this sale forward. So, I bought back those Sep futures and immediately sold Dec futures, which were trading 15 cents higher than the Sep futures on 8/30/18. This meant I collected an additional 15 cents that can be added to the value of my corn.Note, the value of the Sep and Dec futures at the time of the trade don’t matter, only the spread value between the two futures contracts matters (i.e. the 15 cents). That spread value is the profit of the market carry. Why not just sell the corn for cash?Mathematically it’s a lot more profitable to store the grain longer, since I have enough on-farm storage. The following illustrates why. Price and profit if I sold corn for cash nowFriday’s Closing Futures Value: $3.52Basis Value Today Near My Farm: -$.43Cash Value I Would Receive: $3.09Farm Operating Note Interest: 5.5%If I take the 5.5% interest rate on the $3.09 cash corn value, which is my cost to not physically move, sell and collect a check on the corn in the bin and pay down my operating loan, the corn costs me 1.4 cents/month to continue to hold it in storage. (The math I used: $3.09 x 5.5% = 17 cents for a year / 12 months = 1.4 cents per month) Price and profit if I sold corn in DecMarket carry profit (detailed in trade above): 15 cents profitBasis value in December (if locked in today) near my farm: -$.18 (25 cents more than today)Operating note Interest (3 months): -4 centsTotal profit for holding my corn until December, if I locked the basis in today would be a guaranteed 36 cents per bushel better price.If I raised the national average yield of 177 bushels per acre last year I could guarantee myself more than $63 per acre of additional income.I had the opportunity to set the basis at -.21 the Sep instead of the -.43 the Dec that is posted today. However if we apply the value of the spread at 15 cents to the Sep basis we find that -.21 the Sep is/was actually -.36 the Dec. So really all I have seen is a drop in basis of 7 cents from the best value this summer. Either way, it’s remained a better decision to hold the grain until after harvest. Why didn’t you lock in the basis today?I didn’t lock the basis in today because I might want to hold the corn until March pending what the basis levels and the market carry show in the futures. There could be even more opportunity down the road but I will want to see how the corn looks in the bin after harvest as well. I have some risk the basis might not be as strong in the future, but there is a carry in the futures market until summer so I think I’m ok in waiting.I have grain quality risks, but I have been practicing the past couple years on holding small amounts of grain and I think I have figured out how to mitigate this risk in my bins. The market tells me what to doWith the large carry and huge basis improvement until after harvest the market is begging someone to store grain. That’s why I’ve been building bins on my farm the past couple of years and experimenting with longer term storage. This is not the first time that the market has wanted someone to store corn until well after harvest. Values almost this good have been present the last several years in the corn market.I can take advantage of these opportunities to get more profit on my corn. This is especially needed when the market remains unprofitable for long periods of time, like it has the past 18 months. This is just another example of why considering alternative solutions to increase profits and being prepared to take advantage of opportunities can help farmers during tough market times. 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]