This Week’s Business Buzz: 10/4/19 October 10, 2019 Congratulations to owner and executive Chef Steve Goff of Aux Bar for his recent win at the NC Restaurant & Lodging Association Chef Showdown! Club of the Week: 10/4/19. Posted by TriPeaks-Tahd. Let’s celebrate the Club that flipped the most Jacks! That would be 🍒Club Cherry🍒, who flipped 58,687. 15 Celebrity Tweets You Missed This Week Jen Abidor Sept. 28, 2019; 15 Celebrity Tweets You Missed This Week Jen Abidor Sept. 20, 2019; 15 Celebrity Tweets You Missed This Week Jen Abidor. Nonprofit Tweets of the Week – 10/4/19 Published on: October 4, 2019 October 5, 2019 by Gene Takagi Category: TWEETS OF THE WEEK Stay informed of the week’s notable events and shared resources with this curated list of Nonprofit Tweets of the Week.
DIRECTIONS: For the bolded part of each statement, circle the correct answer.
1. SpaceX’s Starship / Battlestar Galactica prototype is a large vehicle that could theoretically carry people into space, land safely back on Earth and be fit to turn around and fly again, multiple times.
2. Donald Trump’s / Elon Musk’s ultimate goal for space travel is to create “a self-sustaining city on Mars.”
3. October 1 marked the 70th anniversary of the Communist takeover of China. President Xi Jinping’s / Kim Jong Un’s goal for the government’s grandiose military parade was to showcase China as a global superpower of the 21st century – to project an image of military might and political power to the rest of the world.
4. Leading up to the 70th anniversary in Beijing, fierce clashes broke out between protesters and riot police in Hong Kong. A majority of the protesters are young people who do not want to be ruled by a democratic / totalitarian state.
Week Of 10/19
5. California’s governor signed a first-in-the-nation law that will let college athletes get paid by the university / make moneyfrom endorsements starting in 2023.
Washington Week 10/4/19
6. The new California law permits / prohibits the NCAA and universities from revoking scholarships or banning athletes who take endorsements.
7. As a way to further identify people who have entered the U.S. illegally, DHS officials said this week that the department plans to collect the DNA / facial images of such persons. Officials also said, “It will assist other organizations as well in their identification ability.”
8. Earlier this year the U.S. Border Patrol / the U.S. militaryDownload free word translate to arabic for iphoneoikos. began performing “rapid DNA” tests on migrants who cross the border as family units to determine if the individuals were actually related and were not making fraudulent claims.
9. Detroit Democratic U.S. Rep. Rashida Tlaib told Detroit police Chief James Craig he should employ only white people / black people on the department’s facial recognition team because “non-African Americans think African-Americans all look the same.”
10. Detroit police Chief Craig said of Tlaib’s accusation, “It’s insulting. We have a diverse group of crime analysts, and what she said — that non-whites should not work in that capacity because they think all black people look alike — is a slap in the face to all the men and women in the crime center. To say people should be barred from working somewhere because of their skin color? That’s fair / racist.”
Corn had its biggest weekly rally since June.
December corn futures closed 4 cents lower today but finished the week 13-1/4 higher at 384-3/4 as a surprisingly lower quarterly stocks report on Monday lifted prices. However, the market gave back some of the gains despite an announcement on biofuels from the White House today and corn slid lower into the close. The USDA’s Quarterly Stocks report pegged corn stocks at 2.114 billion bushels, below the average trade guess of 2.428 billion and down 1% from a year ago. The September Supply and Demand report had ending stocks at 2.45 billion meaning the USDA could still lower ending stocks for 2018/2019 by 300 million thus lowering the new crop carryout. This is friendly to price and moved corn 16 cents higher that day. Despite lower supplies, export sales and shipments continue to come up short of the pace need to reach USDA targets and could offset some of the supply decline.
The Trump administration today unveiled a plan to boost U.S. biofuels consumption in 2020. Details were light but the plan involves an unspecified increase in the 2020 blend requirement and a push for the sale of higher ethanol blends of gasoline like E15. It does not involve a repeal of blend waivers that has angered the ethanol industry.
Soybeans rally on lower supplies.
Soybeans were up sharply this week. November soybean futures closed up 4-1/2 today at 916-1/4, up 33-1/4 for the week. The contract closed above the 200-day moving average for the first time since mid-July. Soybeans surged higher after the USDA released its Quarterly Stocks report showing supplies in all locations down more than expected at 913 million bushels. This is below the average of analysts guesses and below the USDA’s September supply and Demand ending stock number of 1.005 billion bushels. The USDA took the added step of adjusting production for the 2018/2019 crop year on this report. Production was lowered 4.428 billion. The agency commented that the reduction of 116 million bushels is based on the latest stocks number, crush data and information from farm programs. Harvested area was lowered 500,000 acres and yield lowered 1 bushel per acre to 50.6 bpa. This would lower ending stocks to 524 million. Half what we thought they could be back in March. The stocks to use at 13% while not historically tight is a lot lower than last season and would suggest prices should move higher. China has purchased more than 130 million bushels of soybeans so far this marketing year versus 47 million by this time last year but cumulative sales still lag last year by 29 percent.
Wheat prices mostly lower.
Wheat futures were mixed this week. Winter wheats fared better on a friendly USDA report while Spring wheat gave back some of its recent gains. For the week, Chicago December gained 3-1/4 cents at 490-1/2, KC was down 3-1/2 at 4.04, while Minneapolis was down 11 cents to 536. The USDA Quarterly Stocks down 5 million bushels from last year at this time at 2.385 billion bushels however this was well above the average trade guesses at 2.318 billion. Wheat production at 1.962 billion bushels is down 18 billion from the August estimate and slightly below expectations. This was mostly due to a reduction in soft red winter wheat. US exporters announced a sale of almost 5 million bushels of white wheat to China this week. This was the largest single wheat sale to China since 2016.
Class III Pulls Back as Cheese Prices Stall in the Spot Market
After five up days in a row, the spot cheese markets advance was halted. The block/barrel average finished the day 0.375 cents lower as Barrels gained 2 cents and Blocks lost 2.75 cents. The spread between the two has gone from 40 cents to 20.25 cents in a little over a week. Whey prices dropped 1.25 cents to $0.3275 cents trading over 80 loads traded on the week. A phenomenal amount for the whey market. Butter prices remained steady at $2.185/lb the high of the week. The non-fat powder market continues its impressive advance as it finishes at a new high for the year for the second week in a row.
Class III futures are currently retesting the $18.00 dollar level on the 2nd month contract again as the low for the day on November was $18.00 on the dot. The market continues to support prices at that level. The market trade was pretty pessimistic today at the slight drop in spot cheese prices seems to be pressuring the market lower. Perhaps traders are concerned the spread between blocks and barrel prices will continue to decrease from a lower block price.