Spain draw 1-1 with Italy in Euro 2016 warm-up

first_imgFOOTBALL: UDINE, Italy (AP): Two-time defending champions Spain began their preparations for this summer’s European Championship with a 1-1 draw against Italy in a friendly yesterday. Substitute Lorenzo Insigne fired Italy in front in the 68th minute, sliding in to meet Emanuele Giaccherini’s cross. It was the first goal Spain had conceded in nearly 700 minutes. Italy’s lead lasted just two minutes before Aritz Aduriz levelled with his first international goal, tapping in the rebound after Gianluigi Buffon parried a header by Alvaro Morata — who appeared to be offside. Italy were the more dangerous side and Spain — who beat the Azzurri 4-0 in the Euro 2012 final to successfully defend their title — did not have a shot on goal in the first half. Spain goalkeeper David de Gea pulled off several saves, including two to deny Insigne, who was a real threat after coming on for Eder in the 51st minute. Buffon was rarely challenged. There was a minute’s silence before the match to honour the victims of the Brussels attacks as well as the 13 exchange students — seven of them Italian — killed in a bus crash in Spain. Wales also drew 1-1 against Northern Ireland, thanks to a last-minute penalty from Simon Church, while the Czech Republic began their preparations with a 1-0 home defeat to Scotland. Iceland also lost to a team which failed to qualify for the tournament as two goals in four minutes from Nicolai Jorgensen helped Denmark win 2-1. Cenk Tosun scored twice to help Turkey to a 2-1 victory over Sweden, which rested Zlatan Ibrahimovic, while Ukraine beat Cyprus 1-0. Elsewhere, Malta’s match against Moldova and Estonia’s against Norway ended goalless. Greece beat Montenegro 2-1.last_img read more

Brighton v Fulham line-ups: Whites’ defence reshuffle, Man Utd loanee in for Albion

first_imgFulham make three changes from the side that beat Cardiff for their visit to Brighton.Ryan Fredericks and Tim Ream start in the full-back positions, replacing Michael Madl and Luke Garbutt, with Richard Stearman shifting across to centre-back.Rohan Ince, on loan from Brighton, is ineligible, so Jamie O’Hara takes his place in what appears to be a diamond midfield.Scott Parker will play the holding role, with Emerson Hyndman – match-winner against Cardiff – at the apex.Brighton, unbeaten in nine matches and chasing promotion to the Premier League, have made two alterationsAnthony Knockaert comes in for Kazenga LuaLua while Manchester United loanee James Wilson returns at the expense of Jamie Murphy.Their side includes former Fulham players David Stockdale and Liam Rosenior, while Steve Sidwell is on the bench.Brighton: Stockdale; Bruno, Dunk, Goldson, Rosenior; Knockaert, Stephens, Kayal, Skalak; Hemed, Wilson.Subs: Maenpaa, Greer, Bong, Sidwell, LuaLua, Murphy, Baldock. Fulham: Bettinelli; Fredericks, Stearman, Amorebieta, Ream; Parker; Tunnicliffe, O’Hara; Hyndman; McCormack, Dembele.Subs: Lonergan, Richards, Garbutt, Baird, Christensen, Woodrow, Smith.Follow West London Sport on TwitterFind us on Facebooklast_img read more

Brand South Africa’s Play Your Part shortlisted for international award

first_imgJohannesburg, Tuesday 22 September 2015 – Brand South Africa’s flagship domestic programme aimed at building pride and patriotism, Play Your Part, has been shortlisted for the internationally distinguished City Nation Place Awards within the Citizen Engagement category.Speaking about this nomination, Brand South Africa’s Chief Marketing Officer, Ms Sithembile Ntombela said, “Citizens are a critical driver of a country’s reputation and this is manifest in, amongst others, their pride and patriotism in promoting the nation brand. Brand South Africa therefore prioritises citizens as a pillar of our national engagement strategy and we therefore welcome this nomination.”The City Nation Place Awards were launched to celebrate and benchmark excellence in place branding with shortlisted entries have demonstrated a combination of creativity, intelligence and effective strategic planning to deliver results in each of the categories. Brand South Africa is competing against 5 other participants from the United Kingdom, Ireland and the United States of America in the Citizen Engagement category.The City Nation Place awards consist of 4 main categories namely, the Best Citizen Engagement Awards; the Best Communication Strategy; the Best Use of Social Media; as well as the Place Brand of the Year. The final judging for the Awards will take place at the City Nation Place Forum in November, which will bring together delegates from around the world to focus on the challenges they face as they work to build a competitive identity for their place.Why Play Your Part?Brand South Africa, is mandated to position South Africa as a globally competitive inward destination. This cannot be achieved without the collective efforts of all citizens in the country. Brand South Africa therefore needed to find efficient and impactful ways to drive meaningful engagement with South African communities in the quest towards nation-building and social cohesion.To achieve this, Brand South Africa launched the Play Your Part programme – a nationwide social movement created to inspire, empower and celebrate active citizenship in South Africa. The campaign is targeted at all South Africans – from corporates to individuals, non-profit organisations, to government, youth platforms and young to not so young.The Play Your Part initiative aims to encourage South Africans to use some of their time, money, skills or goods to contribute to a better future for all. Ultimately the end result is for every South African to do what is within their capacity to make a positive difference in the communities in which they live and operate. This kind of active citizenship, aligned to the country’s national priorities as outlined in the National Development Plan, will drive the implementation of the nation’s Vision 2030.Follow the conversation on @Brand_SA #CompetitiveSAlast_img read more

Examining factors behind long term corn and soybean prices

first_imgShare Facebook Twitter Google + LinkedIn Pinterest The recent decline in farm prices have underscored a question that has existed throughout the recent period of higher prices, has a new era of farm prices emerged? As is usual among economists, disagreement exists concerning a new era. This article joins the discussion by using market history to identify key factors that have helped shape current corn and soybean prices.A key question confronting the outlook for U.S. corn and soybean prices is what is their long term equilibrium? In considering this question, it is important to acknowledge that U.S. corn and soybeans exist in the broader world grain and oilseed markets. These broader markets must be understood.A review of world grain and oilseed supply and demand over the last 40 plus years suggests a key factor determining future corn and soybean prices will be which increases faster: world grain yield or world grain consumption? The answer will determine if more land is needed for grain production or if land in grains can be shifted to meet the growing demand for oilseeds.Here are some thoughts to consider.• While future growth of grains as a source of biofuels will be a key factor influencing world consumption of grains, a more important factor likely will be whether the increased growth in world consumption of grains for feed since 2010 can be sustained or whether it is a temporary increase that returned world feed consumption back to its pre-ethanol growth path.A decline in crop yields is a widely discussed concern. This review finds no clear evidence that the growth of aggregate world yields of grains and oilseeds is slowing. Evidence is found that suggests the annual variability of these yields, in particular grain yield, may be declining.Another key question is: what is the normal level of stocks? Ending stock-consumption ratios have increased for world oilseeds, likely stabilizing the annual growth in world oilseed consumption. Has this ratio now reached a normal level and no longer needs to build? For world grains, have changes in world transportation infrastructure, an apparent decline in world yield variability, and the recent growth of corn production in the Southern Hemisphere lowered the normal level of world grain stocks? Or is the market understating the risks of production and other supply chain factors? In short, is the normal world grain ending stock-consumption ratio closer to the 1981-2001 average or the 2002-2010 average? Your answer to this question and the question posed for oilseed stocks profoundly changes your interpretation of the current level of world grain and oilseed stocks.A factor that compounds understanding long term corn and soybean prices is the recent decline in input prices. Lower input prices, everything else the same, increases profitability and thus either increases supply or dampens the downward pressure on it. While exceptions are common, input prices in general follow crop prices during large crop price moves. Thus, it is important to ask how much can current input prices decline and how will crop prices react to their decline?Rent has increased during the current crop price pullback. Will rent eventually decline? It declined by double digits during the two other large crop price pullbacks since 1973?The lack of decline in rents raises the question of how widespread is the current stress in U.S. agriculture? Raising this question does not mean stress has not increased, particularly for individual farmers. But, for the sector as a whole is the current stress about adjustment to a more normal supply-demand situation from a very prosperous situation or is it a deeper stress? An early indicator will be how many acres of corn and soybeans, more broadly crops, do U.S. farmers plant this year? The higher the number of acres planted the lower the indication of aggregate stress.The strong evidence that input prices in general decline when farm output prices decline raises an important question with farm policy and management implications: How risky is farming?While a historical trend does not always continue into the future, it is important to consider it and to have a rationale for why it no longer applies. Otherwise, a reasonable guess is that the historical trend will reassert itself. It is thus useful to keep in mind that the 2001-2005 real price of corn and soybeans adjusted for inflation since 2005 implies a crop year price for corn and soybeans of $2.70 and $7.20, respectively. To be more specific, unless world grain consumption continues to grow faster than world grain yield or unless world consumption of oilseeds grows faster than its historical rate (such as via biofuels) it is reasonable to expect that over time real corn and soybeans prices will work their way toward these real price levels. Note, this is not a price forecast for the coming crop year. It is what history suggests the underlying price pressure over the longer run could be.In summary, the sharp decline in corn and soybean prices since 2012 may be coming to an end and higher prices may be ahead as the string of good world weather is replaced by more normal or stressful weather, or demand growth accelerates. However, history suggests it is also possible that further declines are ahead. This article has not attempted to answer which scenario is more likely. Instead, it has pointed out key relationships and questions that a historical review of world grain and oilseed markets suggests you should monitor as these dynamic markets answer which scenario emerges. However, because further declines are potentially possible, this review clearly implies that effective management requires attention to the possibility of this outcome and thus aggressive management of costs and input productivity is in order.last_img read more