McKeany-Flavell Hot Commodity Podcast

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

The sugar guru has spoken

• Beet crop yields encouraging
• Will #11 and #16 raw sugar futures move lower?
• Who the heck is DK Metcalf?

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

 

 

A wild-n-crazy August WASDE

• Wheat
  • Global wheat production slashed
  • U.S. wheat balance sheet tightens further
• Corn
  • Yield down significantly
  • Reduction to production
    • Nicole’s song coming soon!
• Soy complex
  • Lower than average yields coming soon?
  • Ending stocks stayed the same
• Sugar
  • USDA indicates no policy announcements on sugar imports
  • No major S&D adjustment

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

 

Corn yield projection & WASDE estimates

• Corn yield exercise
  • What’s the number?
• Soybean and corn predictions for WASDE
• USDA may further reduce spring wheat production
• Global wheat production to fall

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

Running the bases on cocoa & chocolate

• High level review of Q2 grinds around the world by major reporting region
• Aggregated summary of global grind
  • How it's changed since start of the season
• Corporate earnings for H01 from some of the major chocolate/confectionery companies
• Cocoa prices and speculator activity over the most recent weeks
• McKeany-Flavell's education series
  • Edible Oils 101
  • Corn & Corn Sweeteners 101
  • Strategic Sourcing
  • Call +1 (510) 832 2866 to learn more!

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

A quick tour of the corn wet milling industry

• It’s not all about feedstock costs
• Tightness in dry products creating supply chain pain
• Expect an inflationary environment for 2022 negotiations
• Register now for our new webinar series, Hot Ingredients Spotlight Webinar
  • Covering allulose, erythritol, and tapioca
  • Next Wednesday, July 28, 2 pm ET

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

What’s up with wheat?

• Fundamental and technical analysis from the “new guys”
• Eric
  • Wheat production and ending stocks revised sharply lower on July WASDE
  • Is there any relief for spring wheat?
  • What to expect moving forward
• Shawn
  • Spread between winter and spring wheat may suggest a quicker reversal
  • Speculators still mostly flat wheat which could limit the total upside
• Register now for our new webinar series, Hot Ingredients Spotlight Webinar
  
  • Covering allulose, erythritol, and tapioca
  • July 28, 2 pm ET

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

 

July WASDE! Let's break it down

• Wheat
  • U.S. wheat production and ending stocks take a big blow
  • Global production falls, but still a record 792.4 MMT projection for 2021/22
• Corn
  • Ending stocks lowered
  • USDA lowers Brazil production, now more in line with CONAB
• Soy complex
  • Ending stocks left unchanged
  • Export demand expected to fall
• Sugar
  • Beet crop placed at disappointing 5.033 million STRV
  • Cane crop lower at 3.975 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