Capturing market carry

first_imgShare Facebook Twitter Google + LinkedIn Pinterest With too much supply in the U.S. and around the world, corn isn’t likely to move in the short-term without a big event.With 30 to 45 days of the major soybean producing areas of South American growing season left, there is still a lot of weather premium potential left in beans right now. Capturing market carryAfter Dec options expired on 11/24/17, it left me short several Dec future contract positions. Since Dec futures go off the Board of Trade soon, I have to move them to a future contract month. I want to make sure I maximize my market carry opportunities with these trades, but also consider practicalities, like when I will have to core my bins centers out. I selected March ’18 futures.Unfortunately many farmers don’t take full advantage of market carry. This is a shame, because it’s a relatively easy, low risk way to add profit to a farm operation. For me, market carry pays for my on-farm grain bins and then some. Following provides detail on how I will collect market carry on these recent trades and answers some questions farmers have on collecting carry. Trade 1 — Capturing the carry (Dec to March)When capturing market carry, I have to keep my position unchanged. In this case, I bought back the short Dec futures on 11/29/17, and sold the March futures at the exact same time, capturing the 14.5-cent spread. On a monthly break down this is 4.83 cents per month because Dec to March is a three-month trade move (14.5 / 3 months)Does it matter what futures are when this is done? No. This can trip up some farmers, but the only thing that matters is the spread. With March futures higher than Dec by 14.5 cents market carry, I buy the Dec futures back and sell March futures, I’m left with only the profit of the spread. This follows business rule #1, Buy Low/Sell High. In the end, my hedge is still in place and I capture the profits of the spread which is market carry. Trade 2 — Old Crop market carryI also moved my futures position for some 2016 corn I have stored and priced and will hold until 2018. Those hedges were in the Dec ’17 futures too, so I moved them to Mar ’18 as well and collected 14.5 cents on that trade as well.Why choose Mar ’18 versus another future month? There are several things to consider when selecting your carry month. Historical spread trendsMany would choose a summer month like July. However, when I analyzed the average monthly spread premium from Dec to July, a 7 month spread, it is currently paying 30 cents carry. To me this isn’t big enough. Because, over nearly the last year corn has paid nearly 5 cents per month when rolling one futures contract forward each time. This is likely a result of massive amounts of corn in storage in the US and around the world. In other words, the past year historicals indicates the spread between Dec and July should be closer to 35 cents. CommissionsWhile I want to maximize carry, it’s important to consider commissions too. Each time I move futures forward I pay one cent. So if I moved futures from March to May and then May to July, I could end up paying 3 cents extra in commissions to try and capture 5 cents of extra premium. That extra 2 cents of potential probably wouldn’t be worth the risk so it comes down to when I think I will actually move this corn. When I need to move cornRight now I’m not sure when I’ll be physically moving some or all of my corn, it could be winter, spring, or summer. If I move futures to July but then have to move some back to March or May because I end up physically moving some of my grain, I could lose one cent of commission.Unfortunately, much of my 2017 crop is still not fully priced. One cannot capture carry if they don’t have the crop sold. Thus I’m missing some opportunity. As time marches on, market carry opportunity decreases, so that always needs to be considered. If I had more of my crop sold, I may have consider a percentage against July futures at a 30-cent spread to reduce some risk. Letting options expire versus buying them backI recently mentioned how I let most of my options expire or get exercised. Several farmers said they didn’t know farmers could do that and wondered why I would want to do this.Usually, I let many of my options get exercised or expire worthless. Buying options back that have been sold previously costs half- to 1-cent in market premium and another 1half-cent in brokerage fees. Adding these additional premiums and fees to all of my trades erodes my profitability. For example, had I bought back all of the options discussed in last week’s commentary where I had seven trades in place actually involved about 20 different options. That means on 100,000 bushels the extra fees would have been close to $1,500. Since I was comfortable with any trade scenario happening, the extra fees and commission seemed like a waste. But what if my broker doesn’t charge for taking an option position off?If that’s the case, I would ask what the broker charged to put the position on in the first place. In my experience, if there is no cost by a broker to take an open position off, then the broker is already charging the farmer “round trip prices” upfront. I would recommend that a farmer negotiates with their broker to only charge half upfront and half on the backend, so that a farmer is only paying for what they need. A good rule of thumb for me is to minimize the number of trades in my hedge account to reduce lost premium as well as commission fees whenever possible. Lots of trading doesn’t always mean more profits. Why not try to get out of some trades at different times?I’m not very good at trying to time the market. When I’ve tried in the past, I’m usually disappointed in the results. However, when I make a plan and stick to it, my outcomes are much better. Since I have trades built around a number of possible outcomes on each trade, if I am patient and let the trades develop, I’m generally happy in the end.I’m not alone though. No one is an expert at timing the market on a consistent basis, despite the confidence of “experts” in trade. Those that have had some perceived success can become overly confident that they know something no one else does. In reality, these people may have just been lucky.I prefer to stick with my marketing plan that was developed and put in place long ago. I have no idea where the market will go, but my plan was designed for any market direction I might face. I continue to have trades in place for any possible market scenario going forward. I don’t like to try and guess what will happen next, because what if I’m wrong? 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

Is Your Website Ready For the Coming Tablet Explosion?

first_imgTags:#biz#How To A Web Developer’s New Best Friend is the AI Wai… Why Tech Companies Need Simpler Terms of Servic… 8 Best WordPress Hosting Solutions on the Market Related Posts center_img john paul titlow If the vast majority of analysts and pundits are to be believed, 2011 will be the year of the tablet, and the popular adoption of the devices won’t stop there. In a recent report, Forrester predicted that tablet sales could quadruple from 2010 to 2015, leading to a surge in tablet-based e-commerce and chipping away at the amount of Web traffic coming from PC’s.Many site owners are already seeing a huge uptick in users browsing from tablets, and that upward trend will continue. Is your company’s Website ready for these visitors?Test Your Site on a TabletUsing your own site on a tablet computer is the only way to get an accurate idea of what other users experience when they browse your site from such a device. The iPad runs a modified version of Safari, so if your Website works in that browser on desktops, it’s probably fine on the iPad, but there’s no guarantee. Weird issues with the layout may crop up out of nowhere. A JavaScript file could misfire. Don’t own an iPad or another tablet computer yet? Borrow one. Walk down to the Apple Store if you have to. At the very least, check to make sure your site’s design and functionality are intact.If you’re desperate, you could even download Apple’s iOS SDK, which comes with a desktop iPad simulator. There are a few Web-based simulators, but these are not reliable, because they are still using your desktop browser’s engine to render the site.Simplify the LayoutEven if your desktop site’s design renders properly on tablets, that doesn’t mean the battle is won. If simplicity is important in standard Web design, it’s even more critical in designing for the iPad and similar devices. As a rule of thumb, strip out any elements of a page’s layout that are not absolutely essential. Consider dropping that three-column layout for two columns. In many cases, cleaning up your site’s design for the benefit of tablet browsers will have the added advantage of making the desktop browsing experience better. Keep in mind some of the unique features of the tablet form factor. Users swipe and touch rather than scrolling and clicking. They can turn the device on its side and the browser will flip accordingly. You can use CSS media query declarations to adapt your site’s design depending on the device’s orientation. You could develop a different design entirely for tablet users or simply make your site’s user experience one that meets desktops and tablets halfway.Ditch the FlashThis one almost goes without saying, but if you haven’t rethought that Flash-based navigation menu or site introduction, now is the time to scrap it. Apple has made clear its stance on Flash, which will probably never be support by iOS. While Android does support Flash, so far the experience of trying to load Flash content on Android devices has not been impressive.No matter where you stand on the mobile Flash debate, it’s hard to deny that more open standards like HTML5 and JavaScript can accomplish most of what Flash does. And while the Flash experience on Android may improve over time, Apple’s iPad is overwhelmingly dominant in this space for the time being, so we have to play by their rules, to some extent. Check Your Form FieldsOne aspect of a desktop site that’s worth keeping a close eye on is its Web forms. Whether they’re used for a simple contact form, newsletter sign-up or an e-commerce shopping cart, forms are an important part of the user experience, especially for business sites. Broken or poorly formatted form fields can lead to frustration for users, who will abandon that sign-up form or shopping cart without a second thought. To see what the experience is like, try filling out the forms on your site from at least one tablet, preferably an iPad since that’s what most people are using at this point. Do the fields render clearly? Is the process tedious? If there any form fields that are not absolutely necessary, get rid of them. For formatting issues, use CSS to tweak the appearance of form fields. If it becomes necessary, you may want to consider looking at a third party form builder like Wufoo, which also makes customizing the design of Web forms a breeze. Make the User Interface App-LikeOne of the icons I tap most frequently on my iPad’s home screen is not for a native application at all, but rather the mobile Web version of Gmail, which looks and feels a lot like an iOS app. Google has done an especially good job of adapting their existing Web services to the mobile and tablet form factors, and they do so using HTML5 and JavaScript. If your technical resources and budget allow for it, consider building a tablet-specific version of your site that utilizes some of the more app-like interface elements like subtle animations and a navigation that responds to finger-swiping. This kind of Web app can be the most enjoyable to use, and your users will appreciate it. Top Reasons to Go With Managed WordPress Hostinglast_img read more

Kathua rape and murder case: alleged conspirator’s family wants CBI probe

first_imgThe family members of Sanji Ram, the alleged conspirator of the Kathua rape and murder case, have said that he should be hanged publicly but only if a CBI probe into the case finds him guilty.The family members also criticised the national media for portraying their agitation for a CBI probe into the case as “pro-rapists” and “pro-culprits”, and said the scribes were “delivering judgments without investigation”.Huddled together under a tree in a nondescript hamlet in their village in Jammu and Kashmir’s Kathua district, Ram’s family members have been demanding an “impartial investigation by a credible agency”. Sixteen women, who were on a fast demanding a CBI probe into the case, have been hospitalised in past 15 days.“My father (Sanji Ram) and brother (Vishal) should be hanged to death if they are found guilty, provided the investigation is conducted by a credible agency. We want justice for the girl by a probe through credible agency and only such probe can ensure our father’s and brother’s innocence,” one of Ram’s daughters said.“Media should have heard us, our side and our fears on the probe by the Crime Branch. Wanting a CBI probe to give justice to 8-year girl, meant to media that we were shielding culprits or creating hurdle in the probe. It was wrong. We always batted for justice for the girl,” she said. She expressed doubt about the credibility of the probe by the Crime Branch. “Being a girl, I am pained over the treatment meted out to the victim but I am doubtful over the probe being conducted by the Crime Branch,” she said.“We have doubts over the investigation and there are reasons for it. We strongly demand a CBI inquiry to ensure justice to the victim as well as the local people,” she added. Her younger sister also questioned the Crime Branch’s investigation asking how could a father call his son for raping a minor girl — as claimed in the chargesheet.“Can you imagine what this (statement in charge-sheet of Crime Branch) means? It is shameful that someone says an old man called his young son from his college in UP to rape a little girl,” she said. The issue was being politicised, she said, and claimed that their voice had been muzzled in political war. The family said that the chargesheet had not only given bad name to the hamlet but also “discredited” all the Dogras of the area. The body of the girl, from the Bakherwal community, was recovered from Rasana forest on January 17, a week after she went missing while grazing horses in the forest area. On January 23, the government had handed over the case to the crime branch of the state police which formed a Special Investigation Team and arrested eight people including two Special Police Officers (SPOs) and a head constable, who was charged with destruction of evidence. The crime branch of Jammu and Kashmir Police filed a main charge sheet against the seven accused on Monday last and one separate charge sheet against another accused, who was earlier said to be a juvenile, at a court in Kathua district last Tuesday.last_img read more

Security upped in Maoist-hit areas

first_imgSecurity has been tightened in the Maoist attack prone districts of south Odisha as they started their annual People’s Liberation Guerrilla Army week from Sunday.Ahead of the PLGA week, on December 1 a new Border Security Force camp was established at Pipalpadar of Nakamamudi panchayat in the erstwhile cut-off area of Balimela reservoir in Malkangiri district to enhance anti-Maoist operation. With the inauguration of the Gurupriya bridge, the area, now connected with the mainland Odisha by road, is called ‘Swabhiman Anchal’. With the new camp, total number of BSF camps in this area for anti-Maoist operations has risen to seven.No OSRTC busesThe Odisha State Road Transport Corporation stopped plying its buses in the Maoist-infested regions. As the PLGA week ends on December 8, the bus services in these areas would resume from December 9 morning, say OSRTC authorities. The passengers had a hard time in districts such as Malkangiri, Koraput and Rayagada as the OSRTC buses are major conveyance facility. Passenger bus operations have been stopped at Phulbani of Kandhamal district, Paralakhemundi of Gajapati district, Malkangiri, Nabarangpur and Rayagada depots. However, private passenger vehicles continued to operate in these areas.Since December 2009, when four of its buses were burnt allegedly by the Maoists in Gajapati district, the OSRTC does not operate its buses in such regions during any bandh call or other observations.Through posters and banners put up in remote areas of Malkangiri and Koraput districts, the Maoists called upon the people to support PLGA week observation.Poster war The Anti-Naxal People’s Peace Force, an anti-Maoist organisation of Odisha, has also put up posters at several places against the violent ideology and activities of the Maoists.Security was tightened in Maoist-prone Malkangiri, Koraput, Rayagada, Nabarangpur, Kandhamal and Gajapati districts of south Odisha. No untoward incidents were reported from any part till Sunday evening.In Malkangiri and Koraput districts, borders with Chhattishgarh and Andhra Pradesh are under strict vigil. Joint combing operations by BSF, SOG and DVF personnel are under way. Checking of vehicles has been intensified with extra watch on suspicious elements.last_img read more

Encounter breaks out between militants, security forces in J&K’s Pulwama

first_imgAn encounter broke out between militants and security forces in Jammu and Kashmir’s Pulwama district on Friday morning, police said.Security forces have launched a cordon and search operation in Brobunduna area of Awantipora in the district in south Kashmir after receiving intelligence input about presence of militants in the area, a police official said. As the forces were conducting searches in the area, the militants fired upon them and the forces retaliated, the official said. He said exchange of firing was going on.last_img

Source: Pistons finalizing deal to acquire Blake Griffin

first_imgBrace for potentially devastating typhoon approaching PH – NDRRMC LATEST STORIES MOST READ The addition of Griffin would give Detroit’s frontcourt another standout alongside Andre Drummond, but it also would represent a clear change in course from the roster that the Pistons had assembled. Detroit acquired Bradley in a trade with Boston last offseason, but he’s in the final season of his contract. Harris has been impressive for the Pistons this season, shooting a career-best 41 percent from 3-point range.Although neither team announced the deal Monday, there was plenty of reaction on social media. Harris had a message on his accounts thanking Detroit for its support. Griffin’s Twitter account had its own message with no words — just an image of actor Will Smith with a surprised expression on his face.For the Clippers, moving Griffin would continue a makeover of a franchise that has never made it past the second round of the playoffs.The Clippers traded All-Star point guard Chris Paul to Houston last summer. He had been credited with bringing respectability to the team that was once the laughingstock of the league. Without Paul, Los Angeles won its first four games to open the season, and then lost nine of its next 11. The team is one game above .500 going into Tuesday night’s game against Portland.Paul’s replacement, Patrick Beverley, has missed the entire season after right knee surgery. Also missing time have been DeAndre Jordan, Danilo Gallinari, Austin Rivers and Milos Teodosic. Typhoon Kammuri accelerates, gains strength en route to PH John Lloyd Cruz a dashing guest at Vhong Navarro’s wedding NBA: Kawhi, George seek more for Clippers than beating Lakers PLAY LIST 01:48NBA: Kawhi, George seek more for Clippers than beating Lakers00:50Trending Articles03:46Lacson: PH lost about P161.5B tax revenue from big trading partners in 201701:29Police teams find crossbows, bows in HK university01:35Panelo suggests discounted SEA Games tickets for students02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City Heat complete another season series over Mavs with 95-88 win Globe Business launches leading cloud-enabled and hardware-agnostic conferencing platform in PH Kammuri turning to super typhoon less likely but possible — Pagasa Don’t miss out on the latest news and information. ESPN first reported the deal.Griffin is averaging 22.6 points, 7.9 rebounds and 5.4 assists in 33 games this season, but the Clippers have been plagued by injuries and are ninth in the Western Conference standings.FEATURED STORIESSPORTSWATCH: Drones light up sky in final leg of SEA Games torch runSPORTSLillard, Anthony lead Blazers over ThunderSPORTSMalditas save PH from shutoutDetroit is struggling as well. The Pistons have lost eight straight heading into Tuesday night’s game against Cleveland.pic.twitter.com/1uoIZ0Sxcc— Blake Griffin (@blakegriffin32) January 30, 2018The 28-year-old Griffin has been the face of the Clippers while playing his entire career with the team. Last July, he agreed to a $171 million, five-year deal, ending a brief flirtation with free agency. He told his teammates, coach Doc Rivers and owner Steve Ballmer, “I want my legacy to be a Clipper.”ADVERTISEMENT 2 ‘newbie’ drug pushers fall in Lucena sting NEXT BLOCK ASIA 2.0 introduces GURUS AWARDS to recognize and reward industry influencers Read Next The deal didn’t include a no-trade clause.The Clippers drafted Griffin first overall out of Oklahoma in 2009. However, he missed the 2009-10 season after surgery on his broken left kneecap, the first of several injuries that have marred his career.Griffin missed 21 games last season and 47 in 2015-16 because of injuries.As a rookie, he was an All-Star, won the slam dunk contest and was named NBA Rookie of the Year.He has averaged 21.6 points, 9.3 rebounds and 4.2 assists in his career.Detroit’s season was looking promising until a late-December injury to point guard Reggie Jackson. The Pistons have stumbled while he’s been out with a sprained right ankle.ADVERTISEMENT Slow and steady hope for near-extinct Bangladesh tortoises View comments Los Angeles Clippers forward Blake Griffin hangs on the net after throwing the ball out of bounds while trying to pass it to guard Lou Williams with seconds left in an NBA basketball game against the Minnesota Timberwolves, Monday, Jan. 22, 2018, in Los Angeles. The Timberwolves won 126-118. (AP Photo/Mark J. Terrill)DETROIT — The Detroit Pistons were finalizing a trade Monday night to acquire star forward Blake Griffin from the Los Angeles Clippers, according to a person with knowledge of the deal.The person spoke on condition of anonymity because the trade had not been announced. The Pistons would send forward Tobias Harris, guard Avery Bradley and center Boban Marjanovic to Los Angeles, with the Clippers also receiving draft picks. Detroit also would receive forward Brice Johnson and center Willie Reed.ADVERTISEMENTlast_img read more

Linda Hunt Narrates Video For Leukemia Lymphoma Society

first_imgAs the leading global health organization dedicated to finding cures and ensuring access to treatments for blood cancer patients, The Leukemia & Lymphoma Society (LLS) is launching a new public service announcement (PSA) celebrating the thousands of blood cancer patients who are now able to come home.Video: Thanks to The Leukemia & Lymphoma Society thousands are coming home.Building on LLS’s Someday is Today brand platform, the segment features inspiring vignettes that capture the joy patients experience as they return home to their loved ones. The emotion is underscored by the distinctive voice of Academy award-winning, “NCIS: Los Angeles” actress Linda Hunt, whose narration lends dimension and credibility to the PSA.“Today, the impossible is happening. Someone is coming home,” begins the narration over the image of a young child chalk-drawing on a sidewalk, then looking up to see her father coming home. Linda Hunt’s familiar voice draws the viewer in with, “Thanks to the Leukemia & Lymphoma Society, thousands with blood cancer are coming home to a normal life.” Just as cancer can strike anyone, the vignettes portray scenes of a mother, child, partner, grandfather and daughter being welcomed home by family and friends, even pets.“Coming home is emblematic of a moment patients think they might never see, and seeing it happen highlights the progress we are making in the fight against cancer,” explains Nancy Hallberg, LLS Chief Marketing Officer. “The call to action delivers the powerful message that supporting LLS has a direct impact on cures.”“When you support LLS you not only advance the most pioneering research of our time, you accelerate promising treatments that save lives. You make a difference,” continues Hunt’s moving narration.The campaign consists of :30 and :60 TV PSAs (in English); a :30 TV PSA (in Spanish); :30 and :60 Radio PSAs (English only), as well as two :15 segments for internet use. Distribution to 1000 TV stations and 1,400 radio stations across the US and Puerto Rico will be timed for the holiday giving season. In addition, compelling social media messaging will be used to build awareness and drive donations. The segments were produced by Interplanetary in New York City, the agency that helped conceive the Someday is Today brand which launched in 2012. BoomTV is handling the PSA distribution.last_img read more

TIFF 2017 Catching up with three emerging Canadian filmmakers

first_imgAdvertisement Advertisement While the film world’s attention will focus on the 11 days of TIFF, the cinematic event is only a starting point for the films screened. We caught up with three emerging Canadian filmmakers – Matt Johnson, Anne Émond and Kevan Funk – whose films won cheers at TIFF in 2016. We spoke to them about their year since.Matt JohnsonHis 2016 feature was Operation Avalanche, a mockumentary about a NASA conspiracy to fake the 1969 Apollo 11 moon landing. The film, distributed by Lionsgate, was one small step in Canadian filmmaking, but one giant leap for Johnson and his production company Zapruder Films. Film maker Matt Johnson’s Captain Avalanche, a mockumentary about NASA faking the moon landing, was a big hit at TIFF last year. – Fred Lum/The Globe and Mail Advertisement Facebookcenter_img Login/Register With: LEAVE A REPLY Cancel replyLog in to leave a comment “The success of Operation Avalanche was a big boost for us,” says the Toronto-based Johnson, whose whose 2016 festival experience involved the premiere of Nirvanna the Band the Show, a small-screen series he created with Jay McCarrol. “Among other things, it helped us to establish a grant program to help female first-time filmmakers.”With the Women First screenwriting competition, Johnson and Zapruder Films address the gender gap in the feature film industry. Shortly after last year’s TIFF, it was announced that Chandler Levack’s feature film Anglophone was the first winner of the competition. (Levack’s short film We Forgot to Break Up will be screened at TIFF this year.)Toronto’s Johnson has been an outspoken critic of TIFF and Canadian film funding agency Telefilm. Johnson chose to premiere Operation Avalanche at Sundance in 2016 rather than at TIFF a year earlier. “I don’t think TIFF is the platform or stepping stone young Canadian filmmakers expect it to be,” says Johnson, who believes that Canadian features are slotted as sidebars, compared to American and international films. “At Sundance, Venice and Berlin, Canadian films are treated as equals to all the others. But TIFF doesn’t integrate them.”Season two of Nirvanna the Band the Show airs on Viceland beginning in November. Johnson’s next feature film is a time-travel story involving a plot to go back in time to assassinate Hitler. Where Operation Avalanche was demanding to film, Johnson seeks to make more straightforward features in the future.“Hopefully, our future films will be more broad,” Johnson says. “Now that I’m older, I’ll be making less-complicated films.”We’ll believe that when we see it.Anne ÉmondDo not dismiss the popcorn-fuelled lady in her sleepwear at TIFF Bell Lightbox this fall. She’s the Montreal filmmaker Anne Émond – and she belongs. Twitterlast_img read more

Union for Safeway workers in Manitoba reach tentative deal with company

first_imgWINNIPEG – The union representing about 2,200 employees at Safeway stores in Manitoba says a deal has been struck in contract negotiations, just hours before it had said they would be in a legal strike position.The United Food and Commercial Workers Local 832 says in a statement that a tentative agreement was reached Saturday evening with Sobeys West Inc.The workers voted 98 per cent in favour of a strike to back contract demands earlier this month, although no strike date was set.The union had said it would be legally able to strike Sunday, the day after the current contract expired.Details of the tentative agreement will be presented to the members at meetings across the province next Sunday, and a vote will be held on it then.The union says the bargaining committee will be recommending that members accept the tentative agreement.last_img read more