McKeany-Flavell Hot Commodity Podcast

Frightening October energy volatility

• Energy volatility has been heightened by the ongoing events in the Middle East
• Disruption to the flow of crude through the Strait of Hormuz remains the biggest risk
• U.S. oil production reaches a new peak
• Could global economic slowing see WTI spend more time below $70 than above?
• Webinar next week!
  • Fall Market Outlook
  • Wednesday, October 23
  • Registration is now open! Check your email or visit mckeany-flavell.com

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

October WASDE can be full of scary surprises! Did today hold up?

• Wheat
  • U.S. wheat stocks decline, but still up YOY
• Soy complex
  • Soybean & soybean oil balance sheets unchanged
• Corn
  • See soy complex
• Sugar
  • Beet sugar production up
  • 2023/23 high-tier raised by how much?
• Now available for purchase!
  • McKeany-Flavell’s U.S. Corn Wet Milling Industry Study, 2023 Edition
  • What buyers, consumers, and investors need to know
  • Visit us at mckeany-flavell.com to learn more
• Don’t forget to register for our next webinar!
  • Fall Market Outlook on October 23, 2024
  • Registration is now open! Check your email or visit mckeany-flavell.com

Host/Expert: Kevin Combs, Vice President – Global Sweeteners Specialist
Expert: Eric Thornton, Commodity Specialist

What a wild world! Current factors shaping commodity prices

• The strike is off! (at least for now…)
• Good jobs report with some points of consideration
• Turmoil in the Middle East putting at least a temporary floor beneath futures prices
• Don’t forget to register for our next webinar
  • Fall Market Outlook on October 23, 2024
  • Registration opens week of Oct. 7 at mckeany-flavell.com
  • Clients check your inboxes

Host/Expert: Shawn Bingham, Director of Risk Management
Expert: Nicole Thomas, Vice President – Information Services

Interpreting today's USDA Grain Stocks & Small Grains reports

• September stock revisions
  • Net bullish for corn
  • Neutral for soybeans
• Wheat production fell by how much?
• Harvested area for wheat increases, while yield falls
• Next webinar! Fall Market Overview
  • Wednesday, Oct. 23, 2024
  • Registration opens week of Oct. 7 at mckeany-flavell.com
  • Clients check your inboxes

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

Today's special: The USDA Cold Storage Report

Would you like cheese, butter, nuts, eggs, or frozen fruit?

• What makes butter inventory so key this time of the year?
• The key differences between butter: U.S. vs. Europe
• Can New Zealand step up and potentially supply product to Europe?
• Butter in cold storage is in decline, but what’s the whole story?
• Are butter prices relaxing?
• Let’s talk cheese inventories
• Next webinar! Fall Market Overview
  • Wednesday, Oct. 23, 2024
  • Registration opens week of Oct. 7 at mckeany-flavell.com
  • Clients check your inboxes
• Now available for purchase!
  • McKeany-Flavell’s U.S. Corn Wet Milling Industry Study, 2023 Edition
  • What buyers, consumers, and investors need to know
  • Visit us at mckeany-flavell.com to learn more

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

A bullish week for #11 sugar

• #11 raw sugar futures rallying, up 5 cents in last month
• Dryness in Brazil reducing 2025 production expectations
• India not expected to export sugar despite industry calls to do so
• Don’t forget to register for next week’s webinar!
  • Energy Markets Update on September 25, 2024
  • Registration is now open! Check your email or visit mckeany-flavell.com

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

September WASDE: Sugar steals the headlines!

• Wheat
  • Tame WASDE for wheat
  • No change on the U.S. balance sheet
  • EU production cut 4 MMT: Is it enough?
• Corn and soy complex
  • Corn and soybeans are snoozers
  • Will bearish conditions continue for now?
• Sugar
  • The old crop is finalizing, while the new crop is just getting started
    • 2023/24 sugar stocks up!
    • 2024/25 Mexican imports lowered?
• U.S. Corn Wet Milling Industry Study, 2023 Edition!
  • What buyers, consumers, and investors need to know
  • Processes, products, pricing, and growth potential
  • Visit us at mckeany-flavell.com to purchase your copy today!
• Don’t forget to register for our next webinar!
  • Energy Markets Update on September 25, 2024
  • Registration is now open! Check your email or visit mckeany-flavell.com

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

Will this winter wheat planting season give us chills?

• Acreage expectations: the case could be made for more wheat acres for 2025/26
• Current conditions are not ideal and La Nina’s influence could cause issue this winter
• McKeany-Flavell’s U.S. Corn Wet Milling Industry Study, 2023 Edition
  
  • All industrial buyers and consumers of corn-derived products, as well as investors in that field,
    should understand the corn wet milling process, product portfolio, pricing, and industry growth potential. 
  • Now available for purchase at mckeany-flavell.com!
    

Host: Kevin Combs, Vice President – Global Sweeteners Specialist
Expert: Eric Thornton, Commodity Specialist

Contango, it's not just a dance!

• Two theories for the shape of the forward curve
• What is a normal forward curve?
• Risk-free arbitrage
• Over and under supplied markets
  • Corn, soybeans, and wheat
• The importance of a meat thermometer this holiday weekend
• Now available for purchase!
  • McKeany-Flavell’s U.S. Corn Wet Milling Industry Study, 2023 Edition
  • What buyers, consumers, and investors need to know
  • Visit us at mckeany-flavell.com to learn more

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

Dairy production & herd: Back to where we started from?

• Most recent changes made by USDA on milk production and herd size
• How have revisions USDA has made to prior numbers affected the outlook?
• Where we stand on YTD milk output
• What do dairy buyers need to be on the lookout for?
• Next webinar!
  • Economy and Energy
  • Wednesday, Sep. 25, 2024
  • Registration opens on Sep. 11 at mckeany-flavell.com
    • Clients, check your inboxes
• Now available for purchase!
  • McKeany-Flavell’s U.S. Corn Wet Milling Industry Study, 2023 Edition
  • What buyers, consumers, and investors need to know
  • Visit us at mckeany-flavell.com to learn more

 

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