Cocoa update: Grinds, arrivals, & more!

• Q3 grinds post solid results for Europe, N. America, and Asia
  • Lifting crop-year grind results to an impressive +3.4% globally
• Three weeks into the new season and arrivals have been sluggish
  • Dry weather experienced earlier this spring and disappointingly lower farmgate price are being blamed
• Remember to register for our Fall Market Outlook Webinar!
  • Nicole Thomas and Kevin Combs cover corn, soy complex, and sugar
  • Next Wednesday, Oct. 27, 2pm ET

Host: Michael Caughlan, President & CEO
Expert: Jeffrey Rasinski, Consultant

Catching up with natural gas

• Natural gas rally year to date tops 200% in U.S. and 400% in Europe
• TTF Hub (Europe) vs. Henry Hub (U.S.) traders caught the wrong way on the spread may have contributed to the recent spike above $6.00
• Spike in prices has caused the collapse of multiple British energy suppliers
• Political winds both here and abroad are likely to keep prices elevated along with lower-than-average U.S. stored supplies this winter
• Remember to register for our Fall Market Outlook Webinar!
  • Wednesday, Oct. 27, 2 pm ET

Host: Michael Caughlan, President & CEO
Expert: Shawn Bingham, Director of Risk Management

October WASDE harvests a few surprises

• Corn & soy complex
  • Big bear day for corn, soybeans, and soybean oil—higher stocks
• Wheat
  • Production now the lowest in 19 years
  • Ending stocks fall to 580 million bushels
• Sugar
  • Record beet crop forecasted at 5.348 million STRV

Host: Michael Caughlan, President & CEO
Expert: Nicole Thomas, Vice President – Information Services
Expert: Eric Thornton, Commodity Specialist
Expert: Kevin Combs, Vice President – Sweeteners Specialist

Up to speed on CBD with Swany of KND Labs

• General CBD market update
  • Retail sales through COVID
  • Market consolidation
  • Crop pricing and harvest
• Regulatory environment
  • Recent Californian legislation
• Developments and education
  • R&D guidance
  • Formulations, solutions, and blending
  • CBD inclusions for oils, chocolate liquor/butter
• Download our newly updated CBD study for free!

Host: Michael “Caughy” Caughlan, President & CEO
Expert: Dave “Swany” Swanwick, Director of Sales, KND Labs

In memoriam: CME futures trading pits

• Open outcry has been silenced
• Remembrances from the past
• Impact on the markets
• UB Executive Conference. Thank you, Urner Barry!

Host: Michael Caughlan, President & CEO
Expert: Nicole Thomas, Vice President – Information Services
Expert: Kevin Combs, Vice President – Sweeteners Specialist
Expert: Shawn Bingham, Director of Risk Management

A whole lot mooving in the dairy markets

• Milk product report
  • Milk output up slightly as herd continues to drop
• Fonterra GDT auction
  • Both skim and whole milk gain ground
• Cold storage report
  • Butter stocks fall
• Remember to register for our Wheat Fundamentals Webinar!
  • Eric Thornton covers all you need to know on wheat
  • Next Wednesday, Sep. 29, 2pm ET

Host: Craig Ruffolo, Vice President – Commodity Specialist
Expert: Jeffrey Rasinski, Consultant

Technically speaking with Shawn Bingham

• Break on through… Shawn's doors
• Managed money AUM sees big first-half increases
• Increased speculator activity
• Long liquidations continue, but funds not yet selling short
• Seasonal corn low may not be in, but the floor seems pretty clear

Host: Michael Caughlan, President & CEO
Expert: Shawn Bingham, Director of Risk Management

September WASDE recap: Friday fun!

• Corn and soy complex
  • Steady, but bump on yields for both
  • Soybean oil crush lowered
• Sugar
  • Adjustments galore!
  • TRQ imports trimmed by 96,000 STRV
  • Beet production raised
    • Damage assessments in Louisiana still underway after Hurricane Ida
  • Numerous changes in imports
• Wheat Fundamentals Webinar! Mark your calendars on Sep. 29!
  • Invites out soon

Host: Michael Caughlan, President & CEO
Expert: Craig Ruffolo, Vice President – Commodity Specialist
Expert: Kevin Combs, Vice President – Sweeteners Specialist

What to expect from next week’s WASDE

• Expect USDA to be conservative
• We don’t anticipate any further reduction to yields for corn and soybeans
• Stay vigilant on orders
  • FEMA is going to stress pool of truck drivers over the next 5-6 weeks
• Craig’s college football picks!

Host: Michael Caughlan, President & CEO
Expert: Craig Ruffolo, Vice President – Commodity Specialist

The edible oils situation

• What’s on the horizon?
• Current soybean/soybean oil supply & demand
• Historically low availability
• Preparation and planning for 2022
• Nicole's video: Edible oils sourcing, supply, pricing, and volatility

Urner Barry Executive Conference | Las Vegas | Sept. 26-28, 2021

• Don't miss Nicole at Urner Barry's Executive Conference speaking on the grain and oilseed markets.

Host: Michael Caughlan, President & CEO
Expert: Nicole Thomas, Vice President – Information Services