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Phil Calçado - Your microservice as a functionScala Italy
SoundCloud's microservice architecture is built mostly in Scala, using Finagle as its distributed systems workhorse. Finagle is an RPC system for the JVM, and it is based on a pipes-and-filters architecture that maps very nicely to functional programming concepts of higher-order functions and combinators. Over the past few years we have found that it is extremely useful to go even a step further and think of microservices as functions themselves. In this talk let's explore how SoundCloud uses Scala and Finagle, and how we started thinking of a microservices architecture as a special case of a functional system.
Seth Bloom serves as an Orleans Parish School Board representative for District 5, which encompasses much of Uptown New Orleans and the New Orleans Warehouse District. Seth Bloom has been a dedicated and respected member of the Orleans Parish School Board since he first ran for the board in 2008.
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1. DAILY AGRI COMMODITY REPORT
14 May 2015
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2. Market Views
2
MONTH OPEN HIGH LOW CLOSE % CHG VOL MONTH OPEN HIGH LOW CLOSE % CHG VOL
CORIANDER
JUNE 10477 10620 10410 10543 +0.63 19050
INTRADAY
LEVELS
SUPPORT SUPP.1
10429
SUPP. 2
10314
PIVOT
10524
Coriander short term
trend is down and June
continue in coming
days.RESISTAN
CE
RES. 1
10639
RES. 2
10734
CASTORSEED
JUNE 3821 3849 3803 3817 +0.10 51600
INTRADAY
LEVELS
SUPPORT SUPP. 1
3797
SUPP. 2
3777
PIVOT
3823
Castorseed short term
trend is up and June
continue in coming
days..RESISTAN
CE
RES. 1
3843
RES. 2
3869
TURMERIC
JUNE 8340 8388 8200 8218 -1.32 9310
INTRADAY
LEVELS
SUPPORT SUPP. 1
8149
SUPP. 2
8081
PIVOT
8269
Turmeric short term
trend is down and June
continue in coming
days.RESISTAN
CE
RES. 1
8337
RES. 2
8457
GUARGUM
JUNE 11800 11900 11380 11550 -1.20 11922
INTRADAY
LEVELS
SUPPORT SUPP. 1
11320
SUPP. 2
11090
PIVOT
11610
Guargum short term
trend is down and June
continue in coming
days.RESISTAN
CE
RES. 1
11840
RES. 2
12130
3. Most Active Contract
3
NCDEX INDICES
Index Value
Pre.
Close
%
Change
CASTORSEED 3817 3813 +0.1
CHANA 4602 4652 -1.07
CORIANDER 10543 10477 +0.63
GUARGUM 11550 11690 -1.2
JEERA 17900 18080 -1.00
MUSTARD SEED 4028 4090 -1.52
SOYABEAN 4008 4143 -3.26
TURMERIC 8218 8328 -1.32
TOP LOSERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE
CHANGE
%
SOYABEAN 19-06-2015 3991.00 -167.00 -4.02%
RAPESEED-MUSTARD
SEED
20-05-2015 4001.00 -49.00 -1.21%
JEERA 20-05-2015 17400.00 -175.00 -1.00%
COTTON SEED OIL CAKE
AKOLA
20-05-2015 1862.00 -16.00 -0.85%
CHANA 20-05-2015 4528.00 -36.00 -0.79%
REFINED SOY OIL 19-06-2015 600.70 -4.10 -0.68%
TURMERIC 20-05-2015 8160.00 -20.00 -0.24%
BARLEY 20-05-2015 1233.00 -1.00 -0.08%
TOP GAINERS
SYMBOL EXPIRY DATE
CURRENT
PRICE
CHANGE CHANGE %
CASTOR SEED NEW 20-05-2015 3703.00 20.00 0.54%
CORIANDER 20-05-2015 10220.00 15.00 0.15%
4. Commodities In News
4
ECONOMIC NEWS
Wheat production may fall by 4 per cent during the 2014-15 crop year
from record 95.85 million tonnes in the previous year as the crop was
affected due to the recent unseasonal rains and hailstorms."Wheat
production could be lower by 4 per cent from last year,The Agriculture
Ministry, in its second advanced estimate released in February, had
projected wheat output at 95.76 MT during 2014-15 crop year (July-
June) as against 95.85 MT in the previous year.However, the unseasonal
rains and hailstorms witnessed during March-April this year in various
states affected the rabi crops, including wheat."According to initial
reports received from various states after unseasonal rains...the estimates
show wheat production could drop by 4-5 per cent this year.India is the
world's second largest producer of wheat. Unseasonal rains and
hailstorms from February 28 till March 31 have affected crops in over 10
states, including major wheat producing states like Uttar Pradesh, Punjab
and Haryana.As on May 5, 2015 an estimated 18.23 million hectares
under crops were affected in the country due to unseasonal rains and
hailstorms.
High Plains region in Texas is the beneficiary of the El Nino weather
pattern, which is promising news for this year’s cotton crop. El Nino,
which is the warming of the surface water in eastern and central Pacific
ocean will result in good chance of above normal precipitation this
planting season and Fall this year. Rainfall, coupled with low
temperature, will be beneficial for the cotton crop. the probability of
experiencing extreme hot summer is low unlike 2011 when there was a
continuous spell of 30 days of summer with temperature above 100
degree Fahrenheit.and High Plains region in the past week had witnessed
over an inch of rainfall with some places reaching as high as 10 inches.
Lubbock and the surrounding cotton growing areas are witnessing
showers, which have made most of the High Plains to be out of drought
condition. only 16% of Texas is in drought situation while California is
witnessing severe drought,producers have to plant in High Plains by
early June, the wet weather might be a concern in some places.
Spot Chana witnessed some buying today amid very thing arrivals
though a continued moderation in the demand for other pulses is expected
to weigh on the sentiments. Chana arrivals dropped in Delhi in last few
days as supplies from Rajasthan and MP are moderating. The supplies
dropped to just 20 trucks today after coming in at 30 trucks yesterday. Spot
Chana trades at Rs 4635 per quintal, up Rs 30 per quintal in Delhi. Reports
are stating that crop which was sown early is likely to have endured some
losses following the unseasonal rains. The spot prices have dropped this
week from their highest mark in last two and half years.
Spot markets witnessed some buying today after the recent drop in spot
prices under Rs 8000 mark. Turmeric stays supported as growers are
refusing to sell at lower levels. Traders are expecting further decline in the
coming days due to possibility of new supplies from other producing states,
primarily in Karnataka in near term. Spot prices are quoting at Rs 7966 per
quintal, up Rs 40 per quintal on the day.
Guarseed stayed steady as stockists bought the commodity after a recent
correcton. The IMD noted that the south-west Monsoon is expected to hit
the country on time this year, arriving in Kerala on June 1st this year.
Though rainfall may remain below normal, prompting the government to
put in place a contingency plan and push crop insurance for farmers,
according to media reports. Monsoon is expected to be below normal due to
El Nino factor.The spot guarseed markets witnessed a drop in arrivals but
the prices failed to extend their recent gains after hitting a one year high in
the last week. The commodity gained today but the rally is unlikely to
sustain as traders eye the weather patterns.
Coriander prices stayed supported in Kota amid excellent demand from
stockists. Spot prices had surged above Rs 10000 per quintal mark last
week amid worries that rainfall in Rajasthan would affect the quality of the
crop arriving in local mandies. The commodity has been on an upward
trajectory in last few days on lack of good quality crops even as arrivals
remained steady.
5. 5
Fundamental Watch : Cotton
COTTON ARRIVALS AT KEY SPOT
MARKET
National Market Update
Cotton production in India would be on lower side in 2015-16, said USDA.
Cotton output in the country would be around 6.423 million ton in the coming
season, slightly lower than when compared to the current season which would
be around 6.523 million tones. Acreage of cotton in India would shrink in the
coming season to 12 million hectares from 12.7 million hectares in the current
season. Yield of cotton would be higher at 535 kg per hectare in the coming
season as compared to 514 kg per hectare in the current season. Around 88
percent of cotton has arrived in the market as on 28 April, 2015 said CCI.
According to CCI approximately 34 million bales of cotton (roughly 88
percent of production estimates for MY 2014/15) has been arrived in the
market till the mentioned date which was 33.41 million bales during the
corresponding period last year. Cotton Corporation of India (CCI) has sold
1.08 million bales of cotton until May 7 this year from its stock procured
under MSP operation. According to the officials this is the highest offloading
of stock since 2012-13. On daily basis, CCI is releasing 70,000-75,000 bales
of cotton in domestic market. Despite the lower production world cotton
expected to rise in the coming season i.e. 2015-16 following thehigher demand
from SouthAsian countries.
World cotton production is likely to decline in 2015-16 following the fall in
area and yield, said USDA. According to the first estimate for 2015/16
released on May 12, cotton production on the global front is likely to stand
around 24.22 million tons in 2015-16 around 6.73% lower when compared to
the estimated production for season 2014-15 which is 25.97 million tons.
Cotton acreage on global front would be around 31.77 million hectares around
6.09 percent lower when compared to acreage of current season which was
33.83 million hectares. Yield in the coming season according to USDA would
be around 763 kg per hectares around 0.65 percent lower when compared to
the yield of current season which was 768 kg per hectares.
CENTER 13-May-15 12-May-15 Change
AMRAVATI 300 425 -125
MAHESANA NA NA -
RAJKOT 1420 820 +600
PATAN 1715 1280 +435
DEESA NA NA -
BHIWANI NA NA -
GONDAL 700 367 +333
6. Technical Outlook
6
SELL CORIANDER JUNE BELOW 10410 TARGET 10385 10345 SL
ABOVE 10435
SELL GUARGUM JUNE BELOW 11430 TARGET 11380 11320 SL
ABOVE 11490
SELL TURMERIC JUNE BELOW 8166 TARGET 8126 8066 SL
ABOVE 8226
SELL CASTORSEED JUNE BELOW 3797 TARGET 3772 3742 SL
ABOVE 3822
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