McKeany-Flavell Hot Commodity Podcast

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

Coaching clients through corn sweetener negotiation

• Higher net corn cost expected
• Higher operational costs expected by wet millers
• No relief on supply chain for many key wet-milled products
• 2023 negotiations are upon our doorstep

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

September WASDE: It’s a shocker!

• Corn
  • Reduction in yield
  • Production shocker!
  • Disappearing acreage
• Soy complex
  • Another shocker!
  • Planted acreage & yield lowered
• Wheat
  • Little to no change: Not a shocker!
• Sugar
  • “It just doesn’t matter!”
    • Imports get the shift
    • Same tight market
  • Beet production lowered
  • High-tier imports mystery

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

 

Pug asks, “What’s driving the commodity markets?”

• Four main drivers impacting commodity markets, two bullish and two bearish, but the two bull factors seemingly outweigh the bears
  • Historically low U.S. grain stocks will take time to rebuild
  • Global energy market disruption raising fuel and fertilizer input cost
  • Inflation causing central banks to raise rates despite the prospects of a global recession
  • No substitute for the U.S. dollar as global reserve currency

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

Sugar market landscape heading into September WASDE

• Beet harvest underway in RRV and Michigan
• Looking for good sugar content data
• Beet marketers remain on the sideline
• September 12 WASDE to show lower Mexico imports?

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