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Austin Association of Insurance Professionals Installs 2018 Officers And Directors
The Austin Association of Insurance Professionals held their 2019 installation dinner on Tuesday at Balcones Country Club in Austin, Texas. The 2019/20 officers and directors for AAIP were installed. In addition, the AAIP past presidents in attendance were recognized, and …

POSTED MAY 17, 2019 8:06 PM
Louisiana House Gives Nod to Medical Marijuana Inhaler Bill
Louisiana’s medical marijuana patients would be able to inhale cannabis, if senators agree to a proposal that won overwhelming support from lawmakers in the House. Rep. Ted James, a Baton Rouge Democrat, says his bill shouldn’t be seen as an …

POSTED MAY 17, 2019 8:02 PM
Frederick H. DiMeo Acquires Ozwald and Speaker in California
The Frederick H. DiMeo Insurance Agency Inc. has purchased the personal lines division of Oakland, Calif.-based Ozwald and Speaker Insurance Services Inc. The acquisition includes the purchase of six books of business, adding a reported $1.2 million of written premium …

POSTED MAY 17, 2019 7:59 PM
Ohio Launches Campaign Urging Safety Belt Use by Drivers
The Ohio State Highway Patrol has begun a campaign urging Ohio motorists to wear their safety belts. The patrol says troopers will be encouraging drivers to “buckle up” to save lives. A statement released by the patrol this week says …

POSTED MAY 17, 2019 2:49 PM
Nearly $1M Settlement in Wyoming Shooting of Man
A city in Wyoming has settled a lawsuit over a fatal shooting by two police officers. Attorneys for the estate of John Randall Veach said Tuesday they settled the lawsuit for $925,000 in damages. Rawlins Police Sgt. Jared Frakes and …

POSTED MAY 17, 2019 2:47 PM
Lawsuit Says Utah Bus Driver Was Sick, Tired Before Fatal Crash
A Greyhound driver who authorities say fell asleep before the bus careened off a road in the Utah desert two years ago was tired, sick and should never have been behind the wheel, according to a new lawsuit over the …

POSTED MAY 17, 2019 2:45 PM
London Marine Insurers Expand Middle East Threat Zone After Saudi Ship Attacks
London’s marine insurance market has extended the list of waters deemed high risk to include Oman, the United Arab Emirates and the Gulf after ship attacks off Fujairah, officials said on Friday, in a move that could push up premiums. …

POSTED MAY 17, 2019 2:42 PM
Insurer Says Iran’s Guards Likely Facilitated Saudi Tanker Attacks: Reuters
Iran’s elite Revolutionary Guards (IRGC) are “highly likely” to have facilitated attacks last Sunday on four tankers including two Saudi ships off Fujairah in the United Arab Emirates, according to a Norwegian insurers’ report seen by Reuters. The UAE, Saudi …

POSTED MAY 17, 2019 2:29 PM
California Bill to Expand Customer Ability to Sue over Handling of Data Fails
California’s senate blocked a bill on Thursday that would have expanded the ability of consumers to sue companies over their handling of personal data, a win for tech industry groups concerned about wide-ranging privacy lawsuits. Under California’s data privacy law, …

POSTED MAY 17, 2019 2:26 PM
AXA XL Names Bertha to Lead U.S. East Region Multinational Casualty Group
AXA XL has promoted Marc Bertha as team lead for the U.S. Eastern Region Multinational Casualty group. Based in New York, Bertha will be leading the region’s underwriting team whose overall mission is to partner with new and existing clients …

POSTED MAY 17, 2019 1:45 PM - Markets

Some Plus Signs
On the heels of last week’s column titled “Low Prices Cure Low Prices” we see some large plus signs in the corn and wheat rows of our table. Wheat export business has picked up, and speculative funds are covering their huge shorts in the grains. Bad news failed to move soybeans lower, although they [...]

POSTED MAY 17, 2019 8:24 PM
Scheve: Why I Sold My Remaining 2018 Corn And How I Averaged $4 Overall

POSTED MAY 13, 2019 5:12 PM
Low Prices Cure Low Prices
One of the basic axioms of the commodities market is that low prices cure low prices. When prices dip below the cost of production, production tends to slow because producers switch to alternative commodities or cut corners on inputs. Consumption tends to rise as the product becomes more affordable [...]

POSTED MAY 10, 2019 8:56 PM
A Few Blooms
Last week’s Market Watch led off with the saying that April showers bring May flowers. This week we saw a few tender bullish blooms, with corn up 3.4% and Minneapolis spring wheat up 0.3%. However, some of the other flowers must have been frozen off by a late cold snap. Soybeans were down 2.8%, c [...]

POSTED MAY 03, 2019 10:33 PM
Scheve: How I Lost 10 Cents Selling Straddles

POSTED APRIL 29, 2019 3:57 PM
April Showers Bring May Flowers
Every country has their weather sayings. The US is full of them, from “make hay when the sun shines” to “if you don’t like the weather in (insert location) wait 30 minutes and it’ll change”. To buck up spirits of yet another day spent inside due to rain, mud or snow, Moms and Grandmas have also rem [...]

POSTED APRIL 26, 2019 8:40 PM
Scheve: Why It Was Profitable To Hold My 2017 Corn Until Now

POSTED APRIL 22, 2019 3:45 PM
Its an Ill Wind That Blows Nobody Any Good
You’ve likely heard the phrase from our title, an optimistic one that suggests somebody benefits (accidentally or otherwise) from negative events. The line is credited to John Heywood back in 1546, but the idea has been in circulation a lot longer than that. Thunderstorms bring some folks needed ra [...]

POSTED APRIL 18, 2019 8:40 PM
Scheve: Strong Basis Levels Open Up Opportunity Even In The Face Of Weak Futures Prices

POSTED APRIL 15, 2019 3:01 PM
Newton's Laws of the Market
Sir Isaac Newton is famous for establishing some of the laws of gravity based on seeing an apple fall from a tree. He’s also known for his three laws of motion, outlined in Principia. They are 1) A stationary body will stay stationary unless an external force is applied to it. 2) Force is equal to m [...]

POSTED APRIL 12, 2019 9:53 PM

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