McKeany-Flavell Hot Commodity Podcast

Inflation Station: The interest rate express train rolls on

• The Fed’s Bullard suggests rates may have to rise to as much as 7% to sufficiently cool inflation
• CPI and PPI recently surprised a bit lower but remain well above the Fed’s comfort zone
• The Treasury curve reacted to the news by inverting further, which increases the likelihood of a deeper, longer recession than the short version we just came out of
• The silver lining (or cotton candy in this case) should be lower crude and crude refined product values that should lend a headwind to corn and soybean oil
• And save the date!
  • 2023 Spring Market Seminar: Acting with an award-winning script
  • Wednesday, April 26, 2023
  • Oakbrook, IL

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

 

A thankfully quiet November WASDE

• Corn & soy complex
  • Modest increases to corn, soybean ending stocks
  • USDA still firming soybean oil consumption for 2021/22
• Wheat
  • U.S./global wheat stocks see minimal adjustments
• Sugar
  • Beet production lowered a net 33,000 STRV
  • Cane production lowered a net 17,000 STRV
  • Imports from Mexico lowered 194,000 STRV
• Register now for our Fall Market Outlook webinar!
  • Wednesday, November 16
  • Register here!

Host/Expert: Nicole Thomas, Vice President – Information Services
Expert: Kevin Combs, Vice President – Sweeteners Specialist
Expert: Eric Thornton, Commodity Specialist

Sugar: Looking for the win!

• Beet production update
  • Yields below average
  • Drier weather helping with sugar content
• Will demand soften in 2023?
  • A head scratcher!
• Register now for our Fall Market Outlook webinar!
  • Wednesday, November 16
  • Register here!

Host: Michael Caughlan, President & CEO
Expert: Kevin Combs, Vice President – Global Sweeteners Specialist

Live from ABLC Next 2022!

• New technologies to reduce carbon emissions
  
• CPGs look to be net carbon zero by 2050
  
• Investment in infrastructure and agricultural practices
  
• Effect on wet milling industry and pricing for starch, dextrose, glucose, and high fructose
  
• Make sure to register for Fall Market Outlook webinar!
  • Wednesday, Nov. 9, 2022
    
  • Register here!

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

Wheat: Where does it go from here?

• U.S. and global wheat stocks review
• Russia/Ukraine grain corridor remains a major focus
• Potential change regarding La Niña?
• We've hit our 300th episode! A shout-out and special thanks to all our listeners for getting us here! We need your help to make the next 300+ better! Go to www.mckeany-flavell.com/podcast and tell us what you want to hear on future podcasts!

Host/Expert: Shawn Bingham, Director of Risk Management
Expert: Eric Thornton, Commodity Specialist

 

Transportation update with Foodliner: What to expect moving forward

• What’s driving expected price increases for the next year?
• What are the factors creating current challenges?
• How much of an increase should one expect to budget?
• What makes a good partnership with your clients?
• What’s been the biggest challenges on the regulations front?
• Have more questions about transportation?
  Email us at inquire@mckeany-flavell.comand we’ll answer them in our next transportation episode!

Host: Michael Caughlan, President & CEO
Expert: John Dillman, Executive VP & Chief Marketing Officer, Foodliner

 

 

October WASDE: As scary as the Grain Stocks report?

• Wheat
  • Ending stocks lowest since 2007/08
  • Wheat exports fall to lowest in 50 years
• Corn
  • Corn will need help from consumption
• Soy complex
  • Fingers crossed for South American soybeans!
• Sugar
  • Compared to its row crop cousins, sugar is the “quiet child”
• Make sure to register for next week’s natural gas webinar!
  • Wednesday, Oct. 19
  • Register here!

Host: Nicole Thomas, Vice President – Information Services
Expert: Eric Thornton, Commodity Specialist

Cocoa & the farmgate price

• Farmgate price and its increase explained
  • Benefits and incentives to the farmers
• Know the exchange rate for West African currencies?
  • Jeff does!
• Production and deliveries expectations for the upcoming year
• Weather and rain factors looking forward
• Expectations for chocolate demand

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

 

September 2022 Grain Stocks report: The gut punch edition

• Corn
  • Gut punch!
• Soy complex
  • Soybean ending stocks higher than expected
• Wheat
  • Gut punch!
  • 2022 production slashed by 133 million bushels
  • Stocks steady at 1.77 billion bushels

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

Weather, wheat, & an economic overview

• La Niña back again, causing problems for wheat
• Hurricane trouble for Florida?
• War on Ukraine still very relevant
• Global recession and impacts to the financial and commodity markets

Host: Michael Caughlan, President & CEO
Expert: Eric Thornton, Commodity Specialist