Golden Nugget to migrate sportsbook to SG’s OpenSports

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Online and land-based gaming giant Golden Nugget has expanded its supply agreement with Scientific Games to include its OpenSports betting product suite. The new partnership, which runs to 2024, covers the provision of technology across multiple states, verticals and channels, and will see the operator migrate from the SBTech sportsbook solution that it launched in February 2019.Scientific Games will continue to supply Golden Nugget with its OpenGaming product suite in New Jersey and Pennsylvania, expanding to other states as regulation permits. This includes the Open Gaming System content aggregation platform and player account management products, and continues a relationship first struck between the operator and NYX Gaming Group in July 2015.The full OpenSports product suite is to be deployed initially focused on New Jersey, and supported by managed trading services from Don Best Sports, acquired by Scientific Games in October 2018.Golden Nugget’s SG-powered igaming offering has helped the brand become the market leader in New Jersey’s online casino market, generating revenue that has surpassed its land-based total in some months last year. The most recent results, for January 2020, revealed a 74.1% year-on-year rise in revenue to $21.2m, amounting to a 35.1% share of the market.Read the full story on iGB North America. Topics: Sports betting Tech & innovation Email Address Online and land-based gaming giant Golden Nugget has expanded its supply agreement with Scientific Games to include its OpenSports betting product suite.  Sports betting Golden Nugget to migrate sportsbook to SG’s OpenSports Subscribe to the iGaming newsletter Regions: US New Jersey Tags: Mobile Online Gambling 24th February 2020 | By contenteditorlast_img read more

Playtech revenue down in 2020 as retail closures hit B2B and B2C segments

first_imgWhile revenue from Snai was down year-on-year, Playtech chief executive Mor Weizer said the brand did well considering the fact that many of its retail locations were closed for much of the year, as it was the country’s overall market leader. After employee stock expenses of €16.5m, charitable donations and professional fees for acquisitions, Playtech’s EBITDA came to €222.9m, down 33.2%. Playtech revenue down in 2020 as retail closures hit B2B and B2C segments “Playtech also made significant strategic and operational progress by adding new brands, expanding existing relationships and entering new markets,” Weizer said. “We are particularly pleased with the excellent progress we have made in the US market, launching with Bet365 and Entain in 2020, and signing milestone agreements with the Greenwood companies in 2021 to license our products in Michigan, Indiana, New Jersey and Pennsylvania.”  AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Breaking B2B revenue down further, €413.0m came from core business-to-business operations and €81.9m from Asia. Breaking revenue down geographically, just over half of the business’ overall revenue came from Italy, thanks mostly to the Snaitech brand. While business-to-business revenue from Italy was just €25.0m, B2C revenue, made up almost entirely of Snai revenue, was €522.7m for overall revenue of €541.4m after intersegment eliminations.  After €20.4m in taxes, Playtech made a loss of €73.0m from continuing operations, after a €56.5m profit the year before. Playtech saw revenue decrease 25.1% to €1.08bn (£924.8m/$1.29bn) as retail closures due to Covid-19 had an impact on both the supplier’s business-to-business (B2B) and business-to-consumer (B2C) operations. Tags: Playtech Snaitech The business paid €824.9m in expenses, down 22.5%. Of this total, €369.0m came from B2B operations, an 11.0% decline. Within B2B costs, research and development declined to €76.1m, costs of operations were up to €214.5m, administrative costs grew to €63.2m and sales and marketing costs were down to €15.2m. “The attitude and skill of our people, and the strength and diversification of our technology-led business model has enabled us to deliver a robust financial performance in spite of the challenging backdrop,” Weizer said. The Philippines, Mexico and Malta followed with €70.2m, €54.9m and €54.7m, respectively, all entirely from B2B operations. No other country brought in more than €25m, with Spain, Germany, Gibraltar, Greece and Curaçao each responsible for more than €10m and Norway, Finland and Poland more than €5m. Last week, 3 March, Playtech announced that Brian Mattingley would take over as its new non-executive chairman, effective on 1 June. Mattingley is currently chair of 888 Holdings, having sat on that operator’s board since 2005. He will succeed Claire Milne, who was named interim chairman in April 2020 after Alan Jackson indicated he would not stand for re-election. Email Address Playtech’s revenue was made up of close to an even split between B2B and B2C operations, as B2B revenue was down 10.7% to €494.8m and B2C revenue dropped 33.8% to €596.3m. €12.7m was removed through intersegment eliminations.center_img Yesterday, Playtech announced that it had signed a new partnership with Kindred Group, to launch its RNG casino offering across the operator’s 9 brands, including its flagship Unibet brand. Within the B2C segment, costs came to €468.5m, down 37.0%. Snaitech revenue dropped 42.1% to €390.2m, while white label revenue – including that of Sun Bingo – grew to €47.9m and other B2C sport revenue ticked down to €30.4m. “Italy continues to offer significant growth potential, and Snaitech is ideally positioned to capitalise on this opportunity.” The business then paid €188.1m in depreciation expenses and €45.4m in impairment costs, plus €63.4m in net finance costs, but made €22.1m through disposal of assets. This resulted in a pre-tax loss of €52.7m. In 2019, Playtech made a pre-tax profit of €88.2m. The UK was responsible for €150.0m in B2B revenue and €54.4m in B2C revenue, mostly from the Sun Bingo brand, for €200.9m overall. Regions: Europe UK & Ireland US Italy 11th March 2021 | By Daniel O’Boyle It made a further loss of €224.3m from discontinued operations – mainly from its Finalto financial trading division, which it is currently planning to sell – for an overall loss of €297.4m. After accounting for currency exchange, Playtech’s loss was €317.3m, 25 times the loss it made in 2019. Topics: Casino & games Finance Sports betting Online casino Full year results 2020 Online sports betting Retail sports betting Full year results 2020 This led to adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) of €253.6m, down 31.9%. The year also saw Playtech expand its US operations thanks to deals with Bet365 and MGM and Entain joint venture BetMGM in New Jersey. These were followed by an agreement with Parx Casino owner Greenwood that would see Playtech expand into more states. Subscribe to the iGaming newsletter “Snaitech has continued to excel in Italy despite the retail closures in 2020,” Weizer said. “Snai achieved the number one market share position in Italy across online and retail sports betting and grew its overall online revenue by 58% in 2020. last_img read more

CIC Insurance Group ( HY2016 Interim Report

first_imgCIC Insurance Group ( listed on the Nairobi Securities Exchange under the Insurance sector has released it’s 2016 interim results for the half year.For more information about CIC Insurance Group ( reports, abridged reports, interim earnings results and earnings presentations, visit the CIC Insurance Group ( company page on AfricanFinancials.Document: CIC Insurance Group (  2016 interim results for the half year.Company ProfileCIC Insurance Group is a leading insurance company offering products and services for general and life insurance through operations in Kenya, Sudan and Uganda. The company also provides solutions for fund and asset management and private equity investment. Its product offering covers needs relating to motor, marine, agriculture, personal accident, school products, customised products, travel, domestic package, property, theft, fire and consequential loss and sports injury insurance. Its life assurance division covers areas ranging from group life and keyman plans to family protection, loan guard insurance, pension, board member and universal endowment plans. CIC Insurance Group has expertise in corporate, family, health and asset management as well as equity, balanced, fixed income and money market fun management. The company invests in equity and government securities, properties and loans and serves retail and corporate entities. Founded in 1968 and formerly known as The Co-Operative Insurance Company of Kenya, the company changed its name to CIC Insurance Group in 2010. Its head office is in Nairobi, Kenya. CIC Insurance Group is listed on the Nairobi Securities Exchangelast_img read more

I’m following Standard Chartered due to these two developments

first_imgI’m following Standard Chartered due to these two developments  Jay Yao | Tuesday, 17th November, 2020 | More on: STAN Jay Yao has no position in any of the shares mentioned. The Motley Fool UK has recommended Standard Chartered. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. 5 Stocks For Trying To Build Wealth After 50 Standard Chartered (LSE: STAN) shares haven’t done well in 2020. Shares of the bank have fallen substantially as low interest rates, Covid-19, and geopolitical tensions have hurt the business. Year to date, the shares are down over 40%. Making matters worse, the bank suspended its dividend earlier in the year, a blow for many investors who were seeking stable income.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…While the shares haven’t done well, I think there are several reasons I could consider the bank as an investment option going forward.China’s economy is growingI’m following Standard Chartered because it has exposure to China’s economic growth. Although it’s already a huge economy, the IMF says China’s economy is expected to grow to around 8.2% in 2021 and 5.8% in 2022. Analysts expect the country to account for as much as 26.8% of total global growth in 2021 and 27.7% in 2025. Standard Chartered has substantial exposure to Greater China. Hong Kong accounted for around a quarter of the bank’s income last year. In the same period, mainland China accounted for around 5.6%.Although mainland China doesn’t account for as much as Hong Kong, the entire region is interconnected. If China’s economy does better than expected, I think Hong Kong’s economy could do likewise.In addition to deriving indirect exposure to Mainland China growth through Hong Kong, Standard Chartered also has opportunities in the future due to China’s government opening up its financial sector further. The bank also has expansion opportunities in terms of the Greater Bay Area growth and the Belt & Road initiatives.  As the Chinese economy continues to grow, I think Standard Chartered has an opportunity to grow earnings in the country. Pfizer vaccine: good for Standard Chartered?The recent Pfizer and Moderna vaccine news is another reason I’m following Standard Chartered.Recently, Pfizer in conjunction with its partner BioNTech, released bullish data concerning a Covid-19 vaccine candidate from a late-stage trial. According to the data, the vaccine is more than 90% effective. And what we know so far suggests no serious safety issues either. Meanwhile, Moderna’s vaccine yesterday was claimed to be almost 95% effective.Given that expectations for the efficacy of any vaccine weren’t very high before the Pfizer news, many sectors rallied on the news last week. And they continued to do so after Moderna’s announcement. I think the news is good news for Standard Chartered. If the world returns to ‘business as usual’ faster than expected, the bank’s earnings could recover faster as well. I also think effective vaccines would increase the probability that Standard Chartered decides to reinstate its dividend next year. Many investors previously bought the bank for its dividend. Now, I reckon any hint of the dividend returning could improve sentiment around the stock.  With vaccine news and the bank’s low price-to-book ratio of around 0.4, I’d consider buying the stock and holding for the long term.  Simply click below to discover how you can take advantage of this. Click here to claim your free copy of this special investing report now! Image source: Getty Images. center_img I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Our 6 ‘Best Buys Now’ Shares Markets around the world are reeling from the coronavirus pandemic…And with so many great companies trading at what look to be ‘discount-bin’ prices, now could be the time for savvy investors to snap up some potential bargains.But whether you’re a newbie investor or a seasoned pro, deciding which stocks to add to your shopping list can be daunting prospect during such unprecedented times.Fortunately, The Motley Fool is here to help: our UK Chief Investment Officer and his analyst team have short-listed five companies that they believe STILL boast significant long-term growth prospects despite the global lock-down…You see, here at The Motley Fool we don’t believe “over-trading” is the right path to financial freedom in retirement; instead, we advocate buying and holding (for AT LEAST three to five years) 15 or more quality companies, with shareholder-focused management teams at the helm.That’s why we’re sharing the names of all five of these companies in a special investing report that you can download today for FREE. If you’re 50 or over, we believe these stocks could be a great fit for any well-diversified portfolio, and that you can consider building a position in all five right away. Enter Your Email Address Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. See all posts by Jay Yaolast_img read more

Improved Ireland rattle All Blacks

first_imgnot for featured Bitter disappointment: O’Driscoll reflects on another loss to NZBy Phillip Coulter In a pre-match interview, Declan Kidney said: “The belief is unquestionable. Just because you have a bad day doesn’t mean you can’t turn it around a week later.” And Ireland did just that. They may not have got that elusive first win against the All Blacks but they took them as close as I can remember.It was a big night for Christchurch and the people of Canterbury as they hosted the All Blacks for the first time since parts of the city was rocked by a series of earthquakes. It had the potential to be another horror show for Irish fans. But instead Ireland stood up, fought back, and showed huge character to push the best team in the world to the very edge of a chastening defeat.Veteran: D’Arcy brought composure to the teamThere was a difference in Ireland’s style of play right from the beginning. In the first Test, Ireland spread the ball well and stretched New Zealand early in the game. Once the World Champions had worked out Ireland’s style of play they simply sat off in defence, isolating Ireland and forcing them into leaking penalties. A week later, Ireland adjusted their game plan, but still managed to play an attractive brand of rugby in a more structured and direct way, mitigating against the turnovers and penalties that plagued them last week.There’s no doubt Ireland would have been embarrassed by the last week’s hiding and for a team dripping with Heineken Cup gold, that will have hurt. But it showed in their performance in the second Test. They were a different beast, combining a ferocious physicality with a faster, more organised line in defence. As a result, they forced the All Blacks into making a lot of uncharacteristic mistakes. Ireland didn’t reinvent the wheel. They simply maintained the ‘unquestionable belief’ that Declan Kidney had talked about before the game. Added to that was an insatiable appetite for hard graft.Changes in personnel also made a big difference for Ireland. Gordon D’Arcy’s best rugby is behind him and arguably Declan Kidney now has younger, more talented centres at his disposal. Yet on Saturday his understanding with Johnny Sexton and Brian O’Driscoll gave the Irish backline a more settled look. Without being spectacular, D’Arcy brought a cool head and calming influence which added value to Ireland’s all round game.Balancing act: McLaughlin started in place of O’MahonyUp front, the selection of Kevin McLaughlin ahead of Peter O’Mahony didn’t have the Kiwis shaking in their boots, but  it was an important change, as McLaughlin gave the Irish back row a better balance. He rarely carried the ball but  he was busy doing his job, making tackles and hitting rucks – all the unglamorous jobs that a blind side is employed to do. LATEST RUGBY WORLD MAGAZINE SUBSCRIPTION DEALS After the game, Richie McCaw admitted he was ‘relieved to get away with the win’ and rightly so. Ireland’s overall performance on the day warranted a win. The All Blacks could have counted themselves lucky to get away with a draw this week. Instead like all good teams they somehow managed to find a way to secure a win. For Ireland, if they can show the same intensity in the final test as they did in Christchurch then they might just salvage something special from the tour.Lesson learnt: Apart from the added intensity, increased work rate and improved accuracy, Ireland’s kick chase was much better, embodying the extra commitment they carried into the second Test. Sexton and Conor Murray both judged their kicks better while the chasers hunted in numbers to get the ball back.Room for improvement: Ireland’s restarts still need to improve if they are to have a chance of beating the All Blacks in round three. Francois Pienaar once said ‘if you can control the restarts, you control the game.’ New Zealand didn’t control this game but they definitely controlled the restarts and reaped the rewards. They won their own restart which led to a score after Sexton’s penalty had made it 10-0. They repeated the trick straight from kick off in the second half, and two minutes later Aaron Smith bundles over for a try. This is very frustrating and needs sorting out, fast.Follow Phillip Coulter on Twitter @PhillipCoulterlast_img read more

‘Peregrinación de la confianza’, La Comunidad de Taizé viene a…

first_img Priest-in-Charge Lebanon, OH ‘Peregrinación de la confianza’, La Comunidad de Taizé viene a la reserva de Pine Ridge Los hermanos de Taizé y los organizadores del evento en Dakota del Sur le dan la bienvenida a 600 peregrinos a un fin de semana de oración Bishop Diocesan Springfield, IL Ya no son extranjeros: Un diálogo acerca de inmigración Una conversación de Zoom June 22 @ 7 p.m. ET Rector Belleville, IL Featured Events Youth Minister Lorton, VA Rector Collierville, TN Rector Knoxville, TN Por Mary Frances SchjonbergPosted Jun 3, 2013 Join the Episcopal Diocese of Texas in Celebrating the Pauli Murray Feast Online Worship Service June 27 Durante la “Peregrinación de la confianza en la tierra”, auspiciada por los hermanos de Taizé, que tuvo lugar del 24 al 27 de mayo en la reserva india de Pine Ridge en el sudeste de Dakota del Sur, los peregrinos se reúnen en la mañana, a mediodía y por la noche para orar un anfiteatro natural convertido en espacio de culto más abajo de la iglesia episcopal de Cristo en Red Shirt Table. Se sientan frente a varios iconos y una cruz que tiene de trasfondo el paisaje de las Badlands al oeste. Foto de Mary Frances Schjonberg para ENS.[Episcopal News Service – Red Shirt Table, Dakota del Sur] Peregrinos de todas partes del mundo acudieron del 24 al 27 de mayo a una calurosa y polvorienta extensión de la reserva india de Pine Ridge, una pradera limitada por las Black Hills y las Badlands para aprender acerca de la confianza y la reconciliación y a cómo ponerlas en práctica, así como a sobreponerse a los estereotipos, a crear amistades y a crecer en la fe.Lo hicieron mientras cantaban música de Taizé armonizadas por alondras de la pradera y el ritmo de los grillos.Y lo hicieron sin duchas ni electricidad y mientras trataban de evitar sentarse sobre un cactus, pisar una bosta de vaca o encontrarse con una serpiente cascabel.Así, pues, la sencilla vida comunal de la Comunidad de Taizé en Francia vino a esta parte de Pine Ridge, que existe en una de las zonas menos desarrolladas de Estados Unidos y que incluye el condado de Shannon, uno de los más pobres del país.El hermano Alois, abad de la Comunidad de Taizé en Francia, encabeza la salida de los fieles del anfiteatro natural que les ha servido de espacio de culto después de la Oración Matutina el 25 de mayo, que dio inicio al primer día de la “Peregrinación de la confianza en la tierra”, que tuvo lugar en la reserva india de Pine Ridge en el sudoeste de Dakota del Sur. Foto de Mary Frances Schjonberg para ENS.“Espero que sus corazones se conmuevan”, dijo el hermano Alois, abad de la Comunidad de Taizé, refiriéndose a los peregrinos, durante una entrevista al comienzo de la peregrinación, “y que Cristo toque nuestros corazones para despertar dentro de nosotros el deseo de la reconciliación”.O, como diría la voluntaria Mikayla Dunfee a un grupo de peregrinos recién llegados mientras les estaba impartiendo su orientación el 24 de mayo: “Sencillamente mantengan sus corazones abiertos; esto va a ser una aventura emocionante”La reunión del 24 al 27 de mayo fue la primera peregrinación de Taizé a una reserva india y ésta ha sido sin duda el lugar más remoto en formar parte de la “Peregrinación de la confianza en la tierra” de los hermanos de Taizé que ellos definen como una reunión con Cristo y con los otros.El hermano Emile, durante una entrevista en medio del bullicio causado por la llegada de casi 600 peregrinos, dijo que el escenario se parecía mucho a la naturaleza rural y aislada de Taizé en la campiña francesa pero “desde luego, las Badlands son más espectaculares”.Pine Ridge tiene fama de ser un lugar inhóspito, y no sólo por su desnudez física, sino por su historia de sujeción y sufrimiento. No obstante, los hermanos y los jóvenes adultos que concibieron la energía potencial de esta reunión se sintieron atraídos por la belleza y la fuerza  que percibieron aquí.Sin ignorar el sufrimiento, dijo el hermano Emile, “queremos también ser receptivos a la belleza que hay aquí¨, tanto en la geografía como en los corazones de la gente. “Cuando vamos a alguna parte, buscamos señales de esperanza; no para ignorar el sufrimiento, sino para buscar señales de esperanza”, añadió.Lo que encontraron, dijo él, fue “a personas que han resistido, que están profundamente cimentados en su fe y que eso les hace ponerse en pie y desear acudir en ayuda de otros”.“La Iglesia existe gracias a personas como ésas” añadió.Mikayla Dunfee, voluntaria organizadora de la “peregrinación de la confianza en la tierra”, utiliza un mapa para orientar a un nuevo grupo de peregrinos y familiarizarlos con Red Shirt Table. Dunfee está a punto de terminar una temporada de residencia en una comunidad de la reserva Rosebud y se prepara para ingresar en la Escuela de Teología de Berkeley en Yale en el otoño. Foto de Mary Frances Schjonberg para ENS.Los hermanos dicen que la reunión de Pine Ridge es importante porque, si bien las personas de fuera de América del Norte con frecuencia tienen una imagen romántica de los pueblos nativoamericanos provenientes de películas y novelas, existe otra historia, una historia de implacable pobreza, de violencia y de desesperanza. A los hermanos les dijeron más de una vez que las percepciones negativas de la reserva y de la gente que vive allí altera la percepción que tienen los residentes de sí mismos, dijo el hermano Emile.Las
 estadísticas son escuetas y pasmosas: la tasa de desempleo es de un 80 por ciento y el 49 por ciento de los residentes de la reserva vive por debajo del nivel federal de la pobreza (el 61 por ciento de los que tienen 18 años o menos vive por debajo de ese nivel); la esperanza de vida promedio en la reserva se estima que sea de 48 años para los hombres y de 52 años para las mujeres en comparación con el promedio combinado [para ambos sexos] de 77,5 años en Estados Unidos; uno de cada cuatro bebés nacen con síndrome del alcohol fetal o con trastorno del espectro alcohólico fetal, y la mortalidad infantil es de un 300 por ciento más alta que en el resto de EE.UU.; el índice de suicidios es 150 por ciento más alto que el promedio de EE.UU.; el 50 por ciento de los adultos de 40 años o más padece de diabetes y los índices de tuberculosis son 800 por ciento más elevados que en el resto del país; aproximadamente el 58 por ciento de los abuelos de la reserva están criando a sus nietos.Sin embargo, en medio de los estereotipos, existe otra realidad en Pine Ridge, dicen los hermanos.Ciertamente, durante una discusión entre los peregrinos y los hermanos sobre la reunión de la última mañana, Shane LeClair, estudiante de cuarto año en Augustana College en Sioux Falls, Dakota del Sur y proveniente del lago Oso Blanco [White Bear Lake] de Minnesota, dijo “Desde afuera, muchísimos de nosotros vinimos habiendo oído historias acerca de la reserva y de esta tierra y de que hay personas que carecen de esperanza y están necesitadas de una razón para esperar y para tener fe”.“Y lo que he experimentado y varias personas de mi grupo han experimentado es [que] es exactamente lo contrario. No hay falta de esperanza en esta tierra; no hay falta de fe. Creo que todos nosotros nos vamos de aquí con muchísima esperanza, que esta comunidad y está tierra nos han provisto”.LeClair le agradeció a sus anfitriones lakotas por “permitirnos estar aquí y participar en esto con ustedes”.El hermano Alois dijo en la invitación de los hermanos a la reunión que “queremos escuchar atentamente la historia del pueblo lakota, y escuchar juntos lo que el Espíritu nos dice a todos en nuestro intento de crear un mundo de solidaridad y de paz. Sólo por congregarnos pasando por encima de nuestras diferencias en un clima de oración y participación podemos encontrar nuevas maneras de avanzar”.Stephen, uno de los hermanos de Taizé, hace sonar la campana que llama a los peregrinos a la Oración Matutina el 25 de mayo, durante la “peregrinación de la confianza en la tierra”, auspiciada por los hermanos de esta orden del 24 al 27 de mayo en Red Shirt Table, Dakota del Sur. Él está de pie cobre la cerca exterior del pequeño salón parroquial de la iglesia episcopal de Cristo. Foto de Mary Frances Schjonberg para ENS.Raíces de la peregrinación
El ímpetu a venir a Pine Ridge comenzó en 2009, cuando un grupo de estudiantes universitarios de Dakota del Sur, entre ellos Tyson y Tyrone White, de la reserva india Cheyenne River, visitaron Taizé. Según la orden, ésta fue una de las primeras veces en que la comunidad invitaba a nativoamericanos a tomar parte en las reuniones internacionales de lo que se conoce como “la colina”.El énfasis de Taizé en la reconciliación y la justicia encontró eco en los jóvenes lakotas. El encuentro fue “muy hermoso para nosotros”, dijo el hermano Alois, “porque nos vinculaba con una realidad que era remotísima para nosotros en Taizé. La realidad del pueblo nativoamericano es algo a lo que —pensamos— que teníamos que ponerle más atención”.Las discusiones condujeron a una invitación al hermano John a visitar Dakota del Sur. Él vino en 2010 y de nuevo en 2011, invitado por el grupo, y se detuvo en la reserva de Pine Ridge y logró conocer a la familia Two Bulls en Red Shirt Table.La familia Two Bulls finalmente ofreció la tierra en torno a la pequeña iglesia episcopal de Cristo, poco más de 3 kilómetros al sur de la aldea de Red Shirt, para que los peregrinos de Taizé levantaran su tienda y oraran. El Rdo. Robert Two Bulls Sr. ha sido sacerdote de esa iglesia, una iglesia a la que su familia ha estado vinculada durante generaciones. Él es el padre de otro sacerdote episcopal del mismo nombre que está establecido en Minneapolis.La Rda. Rita Powell, que es la vicaria de la iglesia episcopal de San Pablo [St. Paul’s Episcopal Church] en Vermillion, Dakota del Sur, y coordinadora del ministerio para los jóvenes y de los jóvenes adultos para la Diócesis de Dakota del Sur, condujo a ese primer grupo de estudiantes a Taizé. Ella había pasado varios meses antes como voluntaria en Taizé luego de enterarse de la experiencia que había tenido con la orden un grupo de jóvenes a los que ella había ayudado en la iglesia episcopal de San Marcos [St. Mark’s Episcopal Church] en New Canaan, Connecticut.“Ellos hicieron que sus padres les enviaran a Taizé todos los años —todos los años”, recalcó ella. Los adolescentes le dijeron que se sorprendieron cuando se dieron cuenta de que era el silencio [que reinaba] en Taizé lo que les atraía.“Yo creía que Taizé era una especie de iglesia hippy, carente de estructura”, dijo Powell, pero cuando ella fue con el grupo de jóvenes y lo experimento por sí misma, se dio cuenta de que los hermanos eran muy ortodoxos. “Quiero decir que son monjes que cantan acerca de Jesús en latín tres veces al día”.“Ellos encontraron un modo de ser a la vez muy auténtico para con la tradición y de alguna manera muy fresco”,  añadiendo que ella comenzó a creer que la actitud de Taizé complementa la de la Iglesia Episcopal “porque nuestra Iglesia es una Iglesia a la que le importa la liturgia y la tradición, y que cree posible que la obra del activista social tenga lugar en la oración”, tal como hace Taizé.La visión reconciliadora de los monjes es “exquisita”, afirmó Powell, quien explica que Taizé responde a la pregunta de cómo las personas pueden encontrar un terreno común, preguntando a su vez “por qué no se sientan sobre el mismo suelo” y viven y oran juntas.Y, explica Powell, los hermanos no sirven a clientes. En lugar de eso, ellos le piden a la gente —especialmente a los jóvenes— que vayan y les ayuden a edificar el reino de Dios ahora.“No es tanto que la Iglesia responda a las necesidades de los jóvenes, como que los jóvenes pueden responder a las necesidades de la Iglesia”, subrayó ella.Los hermanos alientan a los peregrinos a vivir lo que ellos han captado del Evangelio durante su experiencia en Taizé; y hacen esto, según la página web de la comunidad “con una mayor conciencia de la vida que mora dentro de ellos y de los gestos de solidaridad que pueden poner en práctica en su propio entorno inmediato… en tanto se mantienen en contacto con la realidad de la iglesia local”.Durante un retiro, Powell dijo que había tenido lo que a regañadientes llama “una visión” de que las personas en Estados Unidos necesitaban la “energía y la sabiduría” de Taizé, de una manera que trascendía el simple uso de la música de la comunidad. Y ella empezó a creer que “podía establecerse una amistad” entre los hermanos y el pueblo lakota.“Cristo nos congrega de todas las naciones, de todos los orígenes, en consecuencia encontramos muy hermoso que pudiéramos estar en comunidad con ellos”, dijo el hermano Alois, Y además “ellos nos invitaron a venir, y vinimos”.Powell dijo que esperaba que los asistentes se fueran de Red Shirt Table “sintiéndose investidos, como el hermano Roger [fundador de Taizé] dijera una vez, no para huir de los retos, sino para salirles al encuentro”.“En verdad, intentar edificar el reino en las iglesias y con las iglesias es una especie de acto de resistencia dentro de nuestra cultura convencional y algo realmente importante que hacer”, dijo.(Powell se va de Dakota del Sur este verano para regresar a la costa del Este [de EE.UU.] donde se crió. Ha aceptado un llamado a ser la rectora auxiliar para el desarrollo congregacional en la iglesia de La Trinidad de la Plaza Copley [Trinity Copley Square] en Boston, y empieza a trabajar allí el 15 de julio).Cerca de 600 peregrinos, la mayoría entre 18 y 35 años de edad, vinieron a la “peregrinación de la confianza en la tierra” convocada por los hermanos de Taizé en la pradera de Red Shirt Table, en la reserva sioux de Pine Ridge, Dakota del Sur. Y allí levantaron sus tiendas modernas alrededor de algunas más tradicionales. Foto de Mary Frances Schjonberg para ENS.Paul Daniels, voluntario del Cuerpo de Servicio Episcopal en Boston, quien proviene de la iglesia episcopal de San Ambrosio [St. Ambrose Episcopal Church] en Raleigh, Carolina del Norte, dijo que Pine Ridge fue su primer evento de Taizé, y en él encontró un terreno común entre la historia de su herencia afroamericana y la historia del pueblo lakota.“Creo que Dios quiere que nos veamos en los demás; que ésa es nuestra manera práctica de trascendencia”, afirmó. “Saber que no estamos solos en esto y que el mundo es más grande que nuestra situación o nuestra gente… saber que un grupo en Dakota del Sur puede estar en alguna manera como yo o como mi familia. Creo que encontrar esas semejanzas es el primer paso para hermanar a las comunidades a fin de vivir realmente a la manera del Evangelio y comenzar una transformación y reconciliación radicales”.Su experiencia le ha producido “una inmensa esperanza”, dijo Daniels.Mary Glasspool, obispa sufragánea de la Diócesis de Los Ángeles y otra de los peregrinos, dijo durante una entrevista que ella había venido en busca de un modelo sencillo de reconciliación para las iglesias locales y los grupos comunitarios.“Lo hacemos aquí y todo lo que hacemos son realmente cosas sencillas”, dijo. “Oramos juntos. Cantamos juntos. Comemos juntos. Sencillamente estamos juntos y nos aceptamos mutuamente más allá de las diferencias”.Los frutos de la peregrinación serán difíciles de medir si el que mide anda en busca de pruebas de transformación concretas, reconoció Glasspool.“La fuerza de esto radica en la sutileza de nuestra fe en que el Espíritu Santo está haciendo algo con nosotros aquí que dará frutos, y dará frutos independientemente de si alguien lo reconoce y lo define así”, dijo ella.Llevar la ‘visión’ de la peregrinación a la vidaLa tierra que rodea la iglesia episcopal de Cristo es bella y escabrosa —y carece de infraestructura. Se encuentra a unos 72 kilómetros al sureste del Monte Rushmore y se llega a ella a través de un camino polvoriento de alrededor de un kilómetro que parte de la Carretera 41 del Buró de Asuntos Indios. No tiene baños ni electricidad.Los organizadores tuvieron que volverse creativos y afirmarse en el criterio de que la reunión no podía cancelarse. Tuvieron que estar dispuestos a privarse de algunas cosas, tales como duchas, y de recaudar dinero para la reunión de manera bastante singular.Cerca de 30 letrinas portátiles se alineaban para los peregrinos, cada una de ellas con un letrero pegado en la parte interna de la puerta que decía: “La experiencia de este baño llega a usted gracias a…” seguido por el nombre de un donante tan cercano como Rapid City, Dakota del Sur, o tan lejano como Sammamish, Washington; Morgantown, Virginia Occidental, and Bronxville, Nueva York.Las iglesias cristianas de la zona, y algunos grupos, entre ellos luteranos y jesuitas, así como episcopales de todas partes de la Iglesia, trabajaron juntos para preparar las condiciones para recibir a los peregrinos.Abrieron una senda desde el cementerio de la iglesia hasta un anfiteatro natural con una vista del monte Red Shirt Table en las Badlands, que sirvió como lugar de oración para los peregrinos. Michael Two Bulls, que pasó una temporada en Taizé, dijo en una entrevista que tal cooperación y diálogo entre las iglesias y entre ellas y el consejo tribal era un nuevo ejemplo del tipo de diálogo que Taizé espera fomentar.Chris Soukup revuelve una olla de carne de búfalo para el último almuerzo de la “peregrinación de la confianza en la tierra” de Taizé en Red Shirt Table, en la reserva sioux de Pine Ridge, Dakota del Sur. El consejo tribal de la nación oglala lakota donó dos búfalos para alimentar a los casi 600 peregrinos. El 27, Soukup y su esposa, Mary, que asistieron a la catedral del Calvario en Sioux, se unieron a Twila Two Bulls para cocinar lo que había quedado del día anterior. Foto de Mary Frances Schjonberg para ENS.Twyla Two Bulls ayudó a coordinar las comidas que proporcionaron los lakotas locales. El Consejo Tribal Oglala Sioux apoyó el evento y donó dos búfalos para las comidas. Los animales se cocinaron [en fogones] a ras del suelo.“Estamos aquí como peregrinos, no como turistas, de manera que aunque no estemos lo bastante cómodos como podríamos haber estado siendo turistas, como sería si nos quedáramos en un hotel o algo por el estilo, estamos aquí por una razón mucho mayor que la de visitar un lugar”, le dijo Dufee a su grupo. Estamos aquí para dar testimonio de que algo maravilloso ocurre dentro de nosotros”.John Tarrant, el obispo de Dakota del Sur, que fue uno de los peregrinos, dijo “lo que realmente me gratifica respecto a este fin de semana es la energía —la energía positiva— la voluntad de los que lo organizan para resistir a las personas negativas”.Tarrant agregó que la naturaleza agreste del escenario “contribuye a relacionar a las personas y la importancia de [reunirse en Pine Ridge] no es sólo en lo tocante a las relaciones de unos con otros, sino con la tierra. Eso hace de este evento algo único; no se da en un hotel o en una ciudad”.El obispo, cuya diócesis tiene 47 congregaciones nativoamericanas, dijo que esperaba que la peregrinación sería “una exploración de lo que significa volver a estar en unidad los unos con los otros”, y con la tierra. Course Director Jerusalem, Israel Curate Diocese of Nebraska Missioner for Disaster Resilience Sacramento, CA Rector Martinsville, VA An Evening with Presiding Bishop Curry and Iconographer Kelly Latimore Episcopal Migration Ministries via Zoom June 23 @ 6 p.m. ET Associate Rector Columbus, GA This Summer’s Anti-Racism Training Online Course (Diocese of New Jersey) June 18-July 16 Episcopal Migration Ministries’ Virtual Prayer Vigil for World Refugee Day Facebook Live Prayer Vigil June 20 @ 7 p.m. ET Inaugural Diocesan Feast Day Celebrating Juneteenth San Francisco, CA (and livestream) June 19 @ 2 p.m. PT New Berrigan Book With Episcopal Roots Cascade Books TryTank Experimental Lab and York St. John University of England Launch Survey to Study the Impact of Covid-19 on the Episcopal Church TryTank Experimental Lab Rector/Priest in Charge (PT) Lisbon, ME In-person Retreat: Thanksgiving Trinity Retreat Center (West Cornwall, CT) Nov. 24-28 Assistant/Associate Priest Scottsdale, AZ Submit a Press Release Luego del oficio de clausura, los peregrinos y los monjes llevan loma arriba sus improvisados bancos de bloques de concreto y de tablas de dos por cuatro desde el espacio de adoración creado en un anfiteatro natural al pie de la iglesia episcopal de Cristo. Algunos de los monjes pueden verse donde la senda tuerce a la derecha arriba. Foto de Mary Frances Schjonberg para ENS.Concentrados en la próxima generaciónLa peregrinación a Red Shirt fue particularmente significativa para los jóvenes de 18 a 35 años, “una voz que rara vez se oye en la Iglesia o en la sociedad”, dijeron los hermanos de Taizé en su invitación a la reunión. Tarrant se hizo eco de ese sentimiento, llamando a ese grupo etario “la generación que la Iglesia está perdiendo: los jóvenes adultos”.Leena Fofonoff, perteneciente a los skolt samis de Finlandia, es de los jóvenes adultos que sí asiste a la iglesia, pero dijo que era “maravilloso” participar de esta peregrinación en Pine Ridge.“La fe significa mucho para mí” dijo ella en una entrevista. “No hay mucha gente joven en mi iglesia, de manera que voy a la iglesia con personas mayores. Aquí puedo conocer jóvenes que tienen la misma fe”.Al preguntarle lo que se llevaría a casa de su peregrinación, Maureen Booher, una joven de la reserva india de Lower Brule, señaló por encima del hombro a Red Shirt Table y respondió “la oración; en verdad quiero conservar eso cuando vaya a mi propia iglesia, y las relaciones que se están haciendo”.“Quiero atraer a mis amigos a esto, pero estoy segurísima de que va a ser difícil”, agregó.Taizé Pine Ridge es parte de un proceso más grandeEl evento de Red Shirt tuvo lugar a los 18 meses de un proceso de tres años y medio que el hermano Alois ha llamado un empeño para forjar una nueva solidaridad entre las personas del mundo “que pueda congregar a todos los que son peregrinos de la paz, peregrinos de la verdad, sean creyentes o no creyentes” y que se propone “capacitar a jóvenes de todos los continentes para movilizar sus energías, y juntar sus anhelos, intuiciones y experiencias”.El empeño concluirá en agosto de 2015 con una reunión importante en Taizé que también celebrará el 75º. Aniversario de la fundación de la orden y lo que habría sido el centenario del fundador de la comunidad, el hermano Roger. Una rumana de 37 años, que luego se comprobó que estaba mentalmente enferma, mató a puñaladas al hermano Roger durante una oración vespertina en Taizé el 16 de agosto de 2005.Un pequeño grupo de peregrinos de Taizé discuten pasajes del estudio bíblico matutino (Isaías 43:18-9 e Isaías 48:6-8) el 25 de mayo delante de la iglesia episcopal de Cristo en Red Shirt Table, Dakota del Sur, mientras los sacos de dormir se ventilan en el fresco aire de la mañana. Los 600 peregrinos, la mayoría entre 18 y 35 años de edad, dedicaron una parte importante de cada día al estudio bíblico en grupos grandes y pequeños. Foto de Mary Frances Schjonberg para ENS.El modelo de las jornadas de TaizéEl ciclo de una jornada típica de peregrinación de Taizé comienza a las 8:00 A.M. y termina con un oficio de oración con velas a las 8:00 P.M., seguido con frecuencia por la plática de uno de los hermanos. Incluye oración meditativa combinada con música en comunidad tres veces al día, estudio bíblico, talleres y discusiones en grupos pequeños. A los peregrinos también se les asigna  trabajo para sostener la vida de la comunidad durante el tiempo que están allí.Los hermanos han desarrollado un estilo de música que resalta simples frases, usualmente versículos de los Salmos o de otros pasajes de la Escritura, repetidos como canto canónico. La repetición está concebida para ayudar a la meditación y la oración.La reunión en Red Shirt siguió un modelo semejante cada día, pero también incluyó unas cuantas diferencias. Las velas en la seca pradera no era una opción a contemplar, de manera que fueron sustituidas por linternas y por la luz solar. El domingo 25 de mayo, algunos participantes pasaron la mañana en los cultos de iglesias locales, mientras otros se unieron en una eucaristía episcopal que se celebró en la mayor tienda de la reunión porque la mañana era de lluvia. También el 25, un grupo de peregrinos fue a Wounded Knee para cantar y ofrecer una oración silenciosa.La última mañana, los peregrinos se reunieron para la Oración Matutina y una discusión general sobre su experiencia y sobre el futuro antes de dividirse en grupos regionales para conversar sobre lo que los peregrinos esperaban que les aportara la experiencia. La peregrinación terminó con un oficio de oración.Durante el oficio de clausura, el mayor de los Two Bulls agradeció a los hermanos de Taizé el haber venido a Pine Ridge. “La Comunidad de Taizé nos ofreció muchísimo. Ustedes dejaron que aquí brillara su luz. Han dejado un legado que podríamos seguir. Ustedes nos enseñaron a orar de una manera diferente”.“Espero que algún día podrán volver… para seguir enseñándonos”, dijo Two Bulls.El hermano John dijo a los peregrinos durante la sesión general del 27 de mayo que los hermanos regresarían a Estados Unidos en 2014. Explicó que tenían planeado tres reuniones  esa primavera en Texas, entre ellas, del 21 al 23 de marzo en Austin; del 4 al 6 de abril en Dallas y del 25 al 27 de abril en Houston.Información sobre los orígenes de Taizé pueden encontrarse aquí.Entrevistas en vídeo con siete peregrinos de Pine Ridge Taizé pueden verse aquí.—La Rda. Mary Frances Schjonberg es redactora y reportera de Episcopal News Service. Traducción de Vicente Echerri. Virtual Episcopal Latino Ministry Competency Course Online Course Aug. 9-13 Episcopal Church releases new prayer book translations into Spanish and French, solicits feedback Episcopal Church Office of Public Affairs Rector and Chaplain Eugene, OR Rector Albany, NY Assistant/Associate Rector Morristown, NJ Rector (FT or PT) Indian River, MI Associate Priest for Pastoral Care New York, NY Rector Hopkinsville, KY Rector Pittsburgh, PA Rector Shreveport, LA Episcopal Charities of the Diocese of New York Hires Reverend Kevin W. VanHook, II as Executive Director Episcopal Charities of the Diocese of New York Rector Bath, NC AddThis Sharing ButtonsShare to PrintFriendlyPrintFriendlyShare to FacebookFacebookShare to TwitterTwitterShare to EmailEmailShare to MoreAddThis Remember Holy Land Christians on Jerusalem Sunday, June 20 American Friends of the Episcopal Diocese of Jerusalem Rector Smithfield, NC Virtual Celebration of the Jerusalem Princess Basma Center Zoom Conversation June 19 @ 12 p.m. ET Seminary of the Southwest announces appointment of two new full time faculty members Seminary of the Southwest The Church Investment Group Commends the Taskforce on the Theology of Money on its report, The Theology of Money and Investing as Doing Theology Church Investment Group Director of Music Morristown, NJ The Church Pension Fund Invests $20 Million in Impact Investment Fund Designed to Preserve Workforce Housing Communities Nationwide Church Pension Group Press Release Service Cathedral Dean Boise, ID Rector Washington, DC An Evening with Aliya Cycon Playing the Oud Lancaster, PA (and streaming online) July 3 @ 7 p.m. ET Family Ministry Coordinator Baton Rouge, LA Rector Tampa, FL Assistant/Associate Rector Washington, DC Priest Associate or Director of Adult Ministries Greenville, SC Submit an Event Listing Director of Administration & Finance Atlanta, GA Canon for Family Ministry Jackson, MS Associate Rector for Family Ministries Anchorage, AK Curate (Associate & Priest-in-Charge) Traverse City, MI Submit a Job Listing Featured Jobs & Callslast_img read more

New PR and Web site manager at Giving Nation

first_imgNew PR and Web site manager at Giving Nation Howard Lake | 10 March 2004 | News Tagged with: Digital Individual giving Recruitment / people Lindsey Bailey has joined Giving Nation, the campaign to encourage young people to give to others, as its PR and Web site Manager.Lindsey joins the national campaign as it expands in its second year. She has six years’ experience in the consumer sector, with consultancy roles including PR manager for the Foreign & Commonwealth Office’s travel awareness campaigns, in particular their youth travel campaign.Lindsey said: “I am very excited about working with such a dynamic campaign that taps into the youth culture to get young people to be committed givers, not just giving their money, but their time and their voice also.“The G-Nation website has just been revamped in preparation for G-Week at the end of June 2004 and this is sure to be a busy period, working with schools to activate charity projects. My main function will be to implement the communications strategy that helps position Giving Nation as the charity platform for young people via their schools, whilst maintaining the interactive Web site as a hub for young people’s news, views and ideas on charitable giving.”So far over 2,000 secondary schools have ordered the Giving Nation Citizenship pack. Giving Nation culminates in G-Week (26 June – 2 July 2004 in England, Wales and N.Ireland and from 1-7 June 2004 in Scotland), a week long national celebration of giving involving hundreds of schools across the UK participating in charitable, fundraising and community activities. AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis  49 total views,  1 views today Advertisement About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of Researching massive growth in giving.  50 total views,  2 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThislast_img read more

RNID to launch new campaign on wearing hearing aids

first_img Howard Lake | 5 July 2005 | News Tagged with: Giving/Philanthropy RNID to launch new campaign on wearing hearing aids Advertisement About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of Researching massive growth in giving.center_img Two of the voluntary sector’s most successful practitioners have been recruited by the RNID – the charity for deaf and hard of hearing people – to spearhead a major new campaign set to launch later this year.John McCaffrey, formerly Director of Development at the V&A, will be in charge of income generation and Susan Osborne, formerly Executive Director of Communications at Cancer Research UK, will lead on PR and profile raising for the campaign, which will seek to make wearing hearing aids as acceptable and desirable as wearing glasses.  18 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThislast_img read more

White Fuse developing a CRM for small charities

first_img  186 total views,  2 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis2 Advertisement  185 total views,  1 views today Howard Lake | 5 February 2015 | News Tagged with: crm databases small charities About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of Researching massive growth in giving. White Fuse developing a CRM for small charities AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis2 Digital agency White Fuse is working on a customer relationship management system (CRM) that is designed especially for small and medium-sized charities.‘Humble‘ is in the early stages of development but the London-based agency are clear that it will be a “simple, no-frills” service.The agency set out to develop a CRM relevant to the needs of smaller charities having seen the frustrations experienced by many such organisations as they tried to integrate and manage their data. They have worked with over 70 UK charities in the past five years.Humble is being developed to be cloud-based, so that users can access it anywhere, mobile-optimised, and connect to third party tools commonly used by smaller charities such as Mailchimp, Eventbrite, and JustGiving.White Fuse say that they will charge a monthly fee once it is released but that there will be “a free option for really small charities”.last_img read more

USDA Report Raises Corn/Wheat Exports, Boosts Price Outlook

first_imgSource: NAFB News Service COARSE GRAINS: U.S. feed grain ending stocks for 2013-14 are expected lower with a 150-million bushel increase projected for corn exports. Global trade data and strong export sales support this month’s outlook for increased world corn imports. Reduced foreign export prospects also lower competition for U.S. corn in the world market. U.S. corn ending stocks are projected 150-million bushels lower with the export increase. The season-average farm price for corn is raised 10-cents on both ends of the projected range to $4.20 to $4.80 per bushel. Season-average farm prices for the other feed grains are also projected slightly higher. By Gary Truitt – Feb 10, 2014 USDA has lowered ending stocks estimates by 150-million bushels on increased export estimates for the record 2013 corn crop. The change resulted in an upward revision to the average farm price by 10-cents per bushel on both ends of the spectrum. National Corn Growers Association President Martin Barbre says it’s clear America’s farmers have the ability to produce an abundance to meet all needs. He says it’s imperative to maximize markets for this essential national resource. By the numbers – NCGA points out that average yield estimates for the crop are 158.8-bushels per acre – while harvest area estimates are 87.7-million acres. The resulting yield broke previous records with 13.9-billion bushels of U.S. corn produced in 2013. Projected corn exports were raised 150-million bushels from the previous month to a new total of 1.6-billion bushels in 2013. At the same time – projected ending stocks declined by the same amount. The season-average farm price was raised slightly to $4.50 per bushel – still sharply down from the record $6.70 to $7.10 the prior year. Global 2013-14 rice supply and use projections are little changed from last month. Global 2013-14 rice production is forecast at a record 471.5-million tons up 0.4-million from last month. Global consumption and trade are up slightly from last month. World ending stocks are lowered marginally from a month ago to 105-million tons. Facebook Twitter WASDE at a GlanceThe latest World Agricultural Supply and Demand Estimates report was released Monday. Here are some of the highlights. Home Indiana Agriculture News USDA Report Raises Corn/Wheat Exports, Boosts Price Outlook WHEAT: U.S. wheat ending stocks for 2013-14 are projected 50-million bushels lower as higher expected food use and exports more than offset an increase in projected imports. Imports are raised 10-million bushels. Projected food use is increased 10-million bushels based. Food use increases are projected for Hard Red Winter and HRS wheat. Exports are projected 50-million bushels higher – with exports projected higher for all classes except Durum. The season-average farm price for all wheat is narrowed five-cents on both ends of the projected range to $6.65 to $6.95 per bushel. The milk production forecast for 2014 is raised from last month on expected higher cow numbers in the second half of the year. USDA’s Cattle report estimated dairy replacement heifers expected to calve during 2014 were up about two-percent from a year ago – while the number of milk cows was fractionally below a year ago. Strong returns resulting from higher milk prices and moderate feed costs are expected to boost expansion later in the year. Milk per cow is unchanged. Fat-basis exports for 2014 are raised on increased sales of butter and cheese. Skim-solids exports are lowered mostly on reduced exports of lactose. Fat and skim solid imports are unchanged. For 2013 – supply and use estimates for 2013 are updated based on data for December. Product price forecasts for cheese, butter and whey are higher – supported by strong demand and price strength to date. Nonfat dry milk (NDM) is lower for 2014 on expectations of competition from other exporters in second-half 2014. The Class III price is raised on higher cheese and whey prices. The Class IV price is down as lower NDM more than offsets greater butter. The all milk price is forecast at $20.85-21.55 per cwt. SHAREcenter_img OILSEEDS: U.S. soybean supplies are increased five-million bushels to 3.46-billion on higher projected imports. Soybean exports for 2013-14 are projected at 1.51-billion bushels – up 15-million from last month – reflecting the record pace of shipments and sales through January. Higher U.S. soybean meal exports are offset by reduced domestic use – leaving soybean crush unchanged at 1.7-billion bushels. Residual use is reduced 10-million bushels this month. At 12-million bushels – projected residual use remains above the exceptionally low level of the past 2 marketing years. Projected soybean ending stocks are unchanged at 150-million bushels. The 2013-14 season-average soybean price range is projected at $11.95 to $13.45 – up 20-cents on both ends. The soybean meal price is projected at $425 to $465 per short ton – up 10-dollars on both ends of the range. The soybean oil price projection is lowered 1.5-cents at the midpoint with the range narrowed to 34.5 to 37.5 cents per pound. Facebook Twitter SHARE Global coarse grain supplies for 2013-14 are projected 2.1-million tons higher with higher foreign beginning stocks and production. Coarse grain production for 2013-14 is up 0.8-million tons as small increases in sorghum, barley, oats and millet production more than offset a reduction for corn. Global 2013-14 coarse grain consumption is raised five-million tons. Global corn imports for 2013-14 are raised 3.2-million tons. Global barley imports are also raised. Global corn ending stocks are projected 2.9-million tons lower. At the projected 157.3-million tons – world ending stocks remain at a 13-year high.RICE: Slight revisions are made to the U.S. all rice and rice-by-class 2013-14 supply and use balance sheets. All rice domestic and residual use is unchanged at 120-million cwt – however – long-grain domestic use is raised one-million to 89-million and combined medium and short-grain domestic use is lowered one-million to 31-million. The all rice export forecast is raised one-million cwt to 100-million with combined medium- and short-grain exports raised one-million to 33-million and long-grain rice exports unchanged at 67-million. Rough rice exports are increased 36-million – and brown and milled rice exports are unchanged at 64-million (rough-equivalent basis). The increase in the export forecast is due to higher-than-expected exports of medium-grain rice to Turkey as reported in the U.S. Export Sales report. All rice ending stocks are lowered one- million cwt to 27.3-million – with long-grain stocks down 16.3-million and combined medium-and short-grain stocks unchanged at 8.7-million. The 2013-14 average milling yield is increased 0.75-percentage points to 71-percent. This is the highest milling yield achieved since 2009-10 and is a full percentage point higher than last year. The 2013-14 long-grain season-average price range is narrowed to $15.10 to $15.70 per cwt – up 30-cents on the low end of the range and lowered 10-cents on the high end. The midpoint of the range is raised 10-cents from last month. The combined medium- and short-grain season-average price range is narrowed to $17.20 to $17.80 per cwt – up 90-cents on the low end of the range and up 50-cents on the high end. The midpoint of the range is raised 70-cents from last month. The all rice season-average price range is narrowed to $15.70 to $16.30 per cwt – up 40-cents on the low end of the range and unchanged on the high end. The midpoint of the range is raised 20-cents from last month. The reduced prospects for 2014-15 medium-grain production in the Sacramento Valley of California due to drought and reduced irrigation supplies have significantly raised medium-grain prices in California beginning in January. Additionally – export demand for medium-grain rice is up nearly 12-percent from last year. USDA Report Raises Corn/Wheat Exports, Boosts Price Outlook COTTON: The U.S. cotton estimates for 2013-14 are unchanged – with ending stocks projected at three-million bales. The marketing-year average price is projected in a narrower range of 74-78 cents per pound – with the midpoint of 76-cents raised from 74.5-cents last month. The 2013-14 world cotton supply and demand estimates include lower production and ending stocks. Global consumption is unchanged this month. Offsetting export adjustments result in total trade being virtually unchanged. World stocks are lowered to 96.5-million bales. LIVESTOCK, POULTRY, AND DAIRY: The 2014 forecast of total red meat and poultry production is lowered from last month as higher beef production is more than offset by lower pork, broiler, and turkey production. For beef – relatively large cattle placements in the fourth quarter of 2013 are expected to carry through into the first half of 2014 – which will result in higher slaughter in 2014. Cow slaughter is also expected to remain relatively strong during the first half of 2014 with favorable cull cow prices. Pork production is lowered as reports indicate that Porcine Epidemic Diarrhea virus (PEDv) continues to spread. Broiler production is reduced on slower growth in slaughter. Turkey production is reduced as recent eggs-set and poultry placements remain below a year earlier. Egg production is unchanged. Estimates of 2013 meat and egg production are adjusted to reflect data for December.Beef import and export forecasts for 2014 are unchanged from last month. Pork exports are lowered as tight supplies and high prices reduce competitiveness. The broiler export forecast is lowered as weaker-than-expected December exports and recent weakness in leg quarter prices may reflect reduced demand. Turkey exports are unchanged. The egg export forecast is raised. Meat and egg trade estimates for 2013 are updated based on data for December. Cattle prices for 2014 are raised from last month – reflecting tight supplies and recent price strength for fed cattle. The hog price forecast is raised on reduced supplies of market hogs and strong demand. Broiler, turkey and egg prices are raised on expected demand strength and reduced supplies of competing meats in 2014. Global 2013-14 wheat supplies are lowered 1.1-million tons. Foreign wheat exports for 2013-14 are lowered. Global wheat ending stocks are projected 1.7-million tons lower. Global oilseed production for 2013-14 is projected at 506-million tons – up slightly from last month. Global soybean production is raised 0.9-million tons to a record 287.7-million. Global sunflower seed production is projected at 43.3-million tons – down 0.4-million. Global oilseed stocks are projected higher.SUGAR: Projected U.S. sugar supply for fiscal year 2013-14 is decreased 56-thousand short tons, raw value (STRV), from last month with a three-thousand STRV decline in beginning stocks and a 53-thousand STRV drop in sugar from sugarcane production in Florida. Projected use is unchanged – leaving ending stocks at 14.91-percent of use – down from 15.37-percent in December. Previous articleFood Prices, Ag Economy Tied to Proper Labor ReformNext articleGlobal Demand for Transportation Biofuels To Grow Gary Truittlast_img read more