McKeany-Flavell Hot Commodity Podcast

March WASDE: In like the lamb, not the lion

• Grains markets: Quiet overall
• Corn
  • Corn stocks left unchanged
  • Global ending stocks reduced
• Soy complex
  • No increase in ending stocks or demand categories
  • Brazil soybean production down, differing from CONAB’s numbers
  • Soybean oil ending stocks raised minimally
• Sugar
  • Beet production lowered due to pile shrink
  • Cane production increased, with a special shout-out to the Florida crop
  • Mexico crop lowered
• Keep an eye out for your McKeany-Flavell rep over the next few weeks!
  • Mike and Pete at Natural Products Expo West (March 12-16, Anaheim, CA)
  • Nicole and Marilyn at NIOP (March 17-19, Las Palmas, CA)
  • Mike and Kevin at Western Candy Conference (March 20-24, Scottsdale, AZ)
• Mark your calendars!
  • McKeany-Flavell’s Spring Market Seminar coming April 17, 2024!
    • Registration is now open at mckeany-flavell.com
  • Our next webinar: Spring Market Outlook Webinar
    • Wednesday, March 27
    • Register now mckeany-flavell.com

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

Update on eggs with Brian Moscogiuri of Eggs Unlimited

• Introduction to Eggs Unlimited
• All about the other AI (avian influenza) and its impact on the egg industry
• Egg prices over the last ten years
• The lowdown on cage-free
• What to watch out for moving forward
• Are eggs really a superfood?
• Mark your calendars!
  • Upcoming webinar: Spring Market Outlook Webinar
    • Wednesday, March 27, 2024
    • Register at mckeany-flavell.com
  • McKeany-Flavell’s Spring Market Seminar coming April 17, 2024!
    • Register at mckeany-flavell.com

Host: Michael Caughlan, President & CEO
Expert: Brian Moscogiuri, Global Trade Strategist, Eggs Unlimited
Email: bmosc@eggsunlimited.com

 

Recap of the International Sweetener Colloquium 2024

• Big difference between 2023 and 2024
  • Less pressure to book this year
  • Lots more people attending!
    • Seeing more small users
• What was a major talking point?
  • High-tier imports
• Shout-out to the volatile cocoa market for making an appearance
• Mark your calendars!
  • Upcoming webinar: Spring Market Outlook Webinar
    • Wednesday, March 27
    • Register at mckeany-flavell.com
  • McKeany-Flavell’s Spring Market Seminar coming April 17, 2024!
    • Register now at mckeany-flavell.com

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

Get prepared for the 2024 International Sweetener Colloquium

• 2025 sugar talk and negotiations are real
  • Buyers should be prepared ahead of time
• Corn wet milling talk around net corn
• Demand weakness present in many markets, including sugar
• Don’t forget your sunscreen!
• McKeany-Flavell’s Spring Market Seminar is fast approaching!
  • April 17, 2024 in Oakbrook, IL
  • Theme: Movers & Shakers (Technology. Sustainability. Opportunity.)
  • Register now at mckeany-flavell.com

Host/Expert: Eric Thornton, Commodity Specialist
Expert: Craig Ruffolo, Vice President – Commodity Specialist

Wild rides on the cocoa-coaster!

• CPI numbers: The inflation fight is not over!
• Cocoa futures set a record high
• High cocoa butter prices: Sustainable?
• Chocolate companies: Update on layoffs
• What to expect moving into spring
  • Chocolate demand? Look to the Q4 grind numbers
• Mark your calendars!
  • McKeany-Flavell’s Spring Market Seminar coming April 17, 2024!
    • Register now at mckeany-flavell.com
  • Our next webinar: Economy, Inflation, & Interest Rate Expectations Webinar
    • Wednesday, February 21
    • Register at mckeany-flavell.com

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

A curious February WASDE

• Corn / soy complex
  • Not much in the way of change for U.S. corn / soy complex balance sheets
  • Can we get USDA and CONAB to chat ahead of time?
• Wheat
  • Only a few changes for wheat
    • Most notable: food demand cut 10 million bushels
  • NOAA news more impactful: La Niña watch for H2 2024
• Sugar
  • Beet production lowered while cane is increased
  • Mexican sugar imports
• Mark your calendars!
  • McKeany-Flavell’s Spring Market Seminar coming April 17, 2024!
    • Registration is now open at mckeany-flavell.com
  • Our next webinar: Economy, Inflation, & Interest Rate Expectations Webinar
    • Wednesday, February 21
    • Register at mckeany-flavell.com

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

Macadamia nuts! Update from Guillaume Maillard of Ten Senses

• Ten Senses and Pamoja Farms
  • A Kenyan-based company focused on sustainability and traceability
  • Specialize in macadamia nuts and coffee
• The macadamia nut market
  • Learning from the challenges of 2023
  • 2024: great opportunities ahead!
    • Product changes
    • Demand and volume going up
• Heading to the Natural Products Expo West?
  • March 12-16, 2024 in Anaheim, CA
  • Reach out! We’d love to meet with you
• Don’t forget: McKeany-Flavell's 2024 Spring Market Seminar
  • April 17, 2024 in Oak Brook, IL
  • In-person or virtual
  • Visit mckeany-flavell.com to register
  • Seats are filling up fast!

Host: Michael Caughlan, President & CEO
Guest expert: Guillaume Maillard, Founder & Director at Pamoja Farms
Email: g.maillard@pamoja-impact.com

Getting technical with the sugar markets

• World sugar surpasses 50% retracement off the lows this week
• Speculators done with long liquidations but have not been buyers yet on this rebound
• Historical correlation between #11’s & 16’s is a wild ride but currently above 90%
• #16 domestic raw futures up $0.04 vs. last year approaching negotiations
• Mark your calendars!
  • McKeany-Flavell’s Spring Market Seminar coming April 17, 2024!
    • Registration is now open at mckeany-flavell.com
  • Our next webinar: Key Ingredients in 2024
    • Next Wednesday, January 31
    • Check your email to register, or visit mckeany-flavell.com

Host: Shawn Bingham, Director of Risk Management
Expert: Kevin Combs, Vice President – Global Sweeteners Specialist

 

 

Natural & organic sweeteners with Samantha Yap of PanaSource

• Introduction of PanaSource Ingredients and alternative sweeteners
• Trends and growth categories for the sweetener industry
  • The Stevia resurgence: What’s driving it?
  • The latest on sucralose and allulose
• Challenges that may lay ahead in 2024 for natural sweeteners
• You can meet with Samantha and the McKeany-Flavell team at the 2024 International Sweetener Colloquium!
  • February 25-28 in Aventura, Florida
• And mark your calendars for:
  • McKeany-Flavell’s Spring Market Seminar coming April 17, 2024!
    • Registration is now open at mckeany-flavell.com
  • McKeany-Flavell’s monthly webinar: Key Ingredients in 2024
    • Wednesday, January 31
    • Check your email to register, or visit mckeany-flavell.com

Host: Michael Caughlan, President & CEO
Special guest: Samantha Yap, Director of Sales, PanaSource Ingredients
Email: samantha@panasourceusa.com

Touchdowns & a few flags called for January WASDE & grain stocks report

• Sugar
  • Sugar production forecast at record 9.391 million STRV
  • High-tier imports increased 110,000 SRV to 575,000 STRV
  • Mexico production lowered 267,000 MT to 5.016 MMT
• Wheat
  • Winter wheat seedings released: 34.4 million acres, down 6%
  • Harvested area should improve YOY
  • Little change for WASDE and ending stocks
• Corn
  • USDA surprises with better U.S. corn yield
  • Huge global stocks increase
• Soy complex
  • Domestic soybean stocks edging higher
  • Soybean oil balance sheet is precarious
• Mark your calendars!
  • McKeany-Flavell’s Spring Market Seminar coming April 17, 2024!
    • Registration is now open at mckeany-flavell.com
  • Our next webinar: Key Ingredients in 2024
    • Wednesday, January 31
    • Invites coming your way soon!

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