Corn Stocks Could be Big Market Mover on USDA Report Day

first_img SHARE Home Indiana Agriculture News Corn Stocks Could be Big Market Mover on USDA Report Day March report previewWith the end of March come two highly anticipated reports from USDA, the quarterly stocks update and the annual Planting Intentions report. Both reports are released at noon Eastern time Thursday and the average guesses from analysts is for planted acreage to be 89.97 million acres of corn and 83.06 million acres of soybeans. Both figures would be higher than what was planted in 2015.It is the stocks report that could be a market mover though, according to INTL FCStone Chief Commodities Economist Arlan Suderman.“That’s where USDA has the biggest tendency to have big surprises that are market moving with little logic as to which direction they’d be, so therefore not really anticipated and catching traders off guard. Corn stocks would be the number one place we would look for a potential surprise. We’ve seen corn trade the daily limit, up or down, in 3 of the last 5 years following the end of March report.”So the corn stocks number is what traders will be watching closest.“In the end I think that’s bigger than the acreage report,” Suderman told HAT, “although the acreage report could either add to the bullishness or bearishness of the stocks report, or take away from it. But stocks are the big one right now.”Suderman says most soybean usage is known since there isn’t a feed usage category as you’ll find in corn, and that’s where large swings can occur. So a soybean surprise isn’t as likely although, “there can be surprises there if stocks differ by more than about 30 or 40 million bushels, and that would suggest maybe USDA has either over or underestimated the size of the crop.”Mike Silver at Kokomo Grain told HAT anecdotal evidence from crop insurance sales data has Indiana farmers planting more soybean acres this year, but he also expects to see an increase in planted corn acres.“I think that is due partly to less wheat that was sowed last fall,” he said. “So I think we will see here in Indiana probably an increase in corn acres and an abnormally larger percentage shift towards soybeans from the normal 50/50 corn/soybean rotations here in Indiana.”Silver will provide analysis of the reports for HAT at the conclusion of trade Thursday. Corn Stocks Could be Big Market Mover on USDA Report Day Facebook Twitter SHARE By Andy Eubank – Mar 30, 2016 Facebook Twitter Previous articleApril Showers Will Keep Planting on HoldNext articleMorning Outlook Andy Eubanklast_img read more

Author provides insights on dignity

first_imgProfessor Christopher McCrudden of Queen’s University Belfast in Northern Ireland offered his insights on the difficult concept of human dignity to students and faculty on Tuesday.McCrudden’s lecture centered on his book, “Understanding Human Dignity,” and took place at the Hesburgh Center for International Studies.McCrudden said the subject of his book is difficult but regularly invoked in a variety of situations.“There are relatively few uncontroversial things that could be said about human dignity,” McCrudden said. “The very least that could be said about it is that the concept of human dignity has never been so omnipresent in everyday speech. It is frequently referred to in political, oral and legal discourse. … The power of the concept is unquestionable.”As pervasive as the concept of human dignity is, it can nevertheless be a point of contention, McCrudden said.“As dignity has become more pervasive, in particular, in human and constitutional rights, it has begun to lose its ‘fatherhood and apple pie’ innocence,” McCrudden said. “The greater scrutiny that dignity has been receiving, though, has resulted in a deep-veined skepticism.”McCrudden said the discussion of human dignity has immense academic and real-world impact and consequences, mainly in the sciences and in human rights.“[There are] two areas [in which] the criticisms of dignity are particularly intense, not to say, vitriolic,” McCrudden said. “First, dignity is seen as placing limits on some developments in areas of scientific pursuit. … Critics of the use of human dignity in the life sciences see dignity as a conversation-stopper.”There has also been pushback against the idea of human dignity by some people who stand for particular human rights, McCrudden said.“Some see human dignity as undermining, for example, the American conceptions of freedom of speech, sometimes when it is being used to prohibit speech, namely hate speech,” he said. “Others, more numerous, I think, see human dignity as a Trojan horse for religiously-inspired attacks on various other aspects of liberalism, such as equality or justifying attacks on autonomy — the power of choice.”McCrudden said his book attempts to rationalize and discuss the place of human dignity, even in the areas of contention.“The purpose of this book, despite its length, is not to be the last word on [this] subject. … That is not the point. That’s why the discussion should take the book as a launch pad to start over,” McCrudden said.The lecture was sponsored by the Kellogg Institute for International Study.Tags: Christopher McCrudden, Hesburgh Center for International Studies, Human Dignity, Kellogg Institute, Understanding Human Dignitylast_img read more