McKeany-Flavell Hot Commodity Podcast Series: Recent Episodes
McKeany-Flavell
McKeany-Flavell Hot Commodity Podcast Series: Empowering clients with commercial intelligence, supply chain expertise, and risk management solutions.
- Section 301 tariffs are in place
- Congress/USTR continue work with USDA on increasing high-tier duties
- Beet sugar crop: more optimism than expected
- Could the crop end up larger than USDA is reporting?
- Cane crop under attack from mealybug
- Could this stunt cane growth and sugar content in both Florida and Louisiana?
- Congress optimistic to get a Farm Bill passed before mid-term elections
Host: Kevin Combs, Vice President – Global Sweeteners Specialist
Expert: Craig Ruffolo, Vice President – Commodity Specialist
- Unforeseen improvement in sugar deliveries, up 2%
- Reduced sugar beet acreage, lower projected production
- Recalibration of imports, larger quota for Mexico reduces high-tier
- Sugar prices for 2027 have bottomed
- Did you miss our webinar on Wednesday?
- Behind the Packaging Price with Nicole Thomas and special guest, Michael Workman, Executive Director at RTi Global/ResinSmart
- Watch now on our IQ platform!
- Not an IQ subscriber? Reach out to us to learn more!
Host: Shawn Bingham, Director of Commodity Risk Management
Expert: Craig Ruffolo, Vice President – Commodity Specialist
- What’s driving edible oil markets currently (and potentially, in the months to come)?
- Any oilseed-specific concerns that could impact veg oil prices?
- How does an oil buyer address this degree of uncertainty/volatility?
- Next Wednesday, don’t miss our live webinar!
- Behind the Packaging Price: What Resin Markets Are Telling Buyers Right Now
- With special guest, Michael Workman, Executive Director at RTi Global/ResinSmart,
- Clients, check your inbox. Everyone else can register by going to mckeany-flavell.com
Host: Eric Thornton, Vice President
Expert: Nicole Thomas, Vice President – Information Services
- Wheat rallying off Black Sea export constraints
- Will we re-test the early May highs?
- Inflation cools and consumer sentiment climbs, but for how long?
- Iran threatens to close another strait connecting the Red Sea, potentially shutting in more crude oil
- Index funds retreated in June from record levels
- Could buying reignite if crude prices remain elevated?
- Don’t miss our next live webinar!
- Behind the Packaging Price: What Resin Markets Are Telling Buyers Right Now
- With special guest, Michael Workman, Executive Director at RTi Global/ResinSmart
- Clients, check your inbox. Everyone else can register by going to mckeany-flavell.com
Host/Expert: Eric Thornton, Vice President
Expert: Shawn Bingham, Director of Commodity Risk Management
- Corn & soy complex
- U.S. corn ending stocks growing tighter for 2026/27
- Less carry-in, more production, and more exports for U.S. soybeans
- Soybean oil balance sheet unchanged but external factors carrying more weight with prices
- Wheat
- U.S. wheat ending stocks decline further by 22 million bushels
- Wheat crop in the U.S. projected smallest since 1970 at 1.536 million bushels
- Thankfully, weaker U.S. demand is keeping stocks-to-use ratio declines in check
- Sugar
- Beet forecasts lower due to crop development and weather concerns
- Mexico’s baseline imports set
- Food deliveries set little higher than expected
Host: Michael Caughlan, President & CEO
Expert: Eric Thornton, Vice President
Expert: Nicole Thomas, Vice President – Information Services
- USMCA trade pact update: The details
- How will it impact Suspension Agreements?
- Will Mexico target HFCS imports?
Host: Michael Caughlan, President & CEO
Expert: Kevin Combs, Vice President – Global Sweeteners Specialist
- How are things looking for sugar, spring wheat, corn, and soybeans?
- Record potentials?
- Looming threats?
- Heatwaves in the U.S. and France are coming: How concerning are they?
- Acreage and stock expectations for next Tuesday’s reports
- More corn?
- Not a client on McKeany-Flavell’s IQ Intelligence Platform? Visit mckeany-flavell.com to learn more!
- Commodity dashboards
- Dynamic data & interactive charts
- Analytics & calculators
- Price forecasts
- Downloadable data, charts, and tables
Host: Craig Ruffolo, Vice President – Commodity Specialist
Expert: Eric Thornton, Vice President
- Exiting forward guidance
- Five new tasks forces to help steer policy
- Hawkish tone in general
- A commitment to deliver price stability
- Next week, don’t miss our Live Seasonal Market Outlook webinar!
- Wed., June 24, 2026 at 2pm ET / 11am PT
- Clients, invites are going out now, or anyone can sign up now at mckeany-flavell.com
Host: Michael Caughlan, President & CEO
Expert: Shawn Bingham, Director of Commodity Risk Management
- Corn & soy complex
- U.S. corn crop looks great so far, much to be determined regarding global production for 2026/27
- Bio-based diesel consumption of vegetable oil indicated as strong domestically and globally.
- Wheat
- Small crops get smaller…. Hard Red winter wheat lowered another 18 million bushels
- Stocks down 20% YOY at now 744 million bushels
- Spring wheat crop conditions are excellent: could help increase the all-wheat yield in the future
- Sugar
- US sugar production increase was the headline: up +253,000 short tons
- USDA decided to increase food demand by +126,000 tons; is it real demand?
- Stocks to use improved from 13.5 to 14.3 percent = adequately balanced
- Live Seasonal Market Outlook Webinar
- Wed., June 24, 2026 at 2pm ET / 11am PT
- Sign up now at mckeany-flavell.com
Host: Shawn Bingham, CAIA, Director of Risk Management
Expert: Nicole Thomas, Vice President – Information Services
Expert: Eric Thornton, Vice President
- Corn crop in the ground on time
- Will it lose acres to soybeans?
- Entering a high-demand period
- Will the upcoming World Cup provide a spike in HFCS use?
- Next week: Ingredion must announce its intention to make a formal bid for Tate & Lyle
- Our next webinar: Seasonal Market Outlook
- Wed., June 24, 2026 at 2pm ET / 11am PT
- Invites rolling out soon!
Host: Michael Caughlan, President & CEO
Expert: Craig Ruffolo, Vice President – Commodity Specialist
- Looking toward the “futures” and determining “good value”
- Soybean oil futures market evolution since the start of the Iran war
- What happened in deferred contracts?
- Soybean oil futures market evolution since the start of the Iran war
- Is palm oil next?
- Comparing the last strong El Niño event against an impending one
- A look at pricing dynamics for Malaysian palm oil futures (BMD exchange)
- Not a client on McKeany-Flavell’s IQ Intelligence Platform? Visit iq.mckeany-flavell.com to learn more!
- Commodity dashboards
- Dynamic data & interactive charts
- Analytics & calculators
- Price forecasts
- Downloadable data, charts, and tables
- Our next webinar: Seasonal Market Outlook
- Wed., Jun 24, 2026 at 2pm ET / 11am PT
- Invites rolling out soon!
Host: Michael Caughlan, President & CEO
Expert: Nicole Thomas, Vice President – Information Services
- Sugar
- Beet crop progress is a mixed bag but still optimistic for a good crop
- Cane production appears to be progressing well despite winter freeze
- Sweets & Snacks Expo
- Who attended this year?
- Flavors and promotions seen on the floor
- Nostalgic brands and lots of sour!
- What was Mike’s favorite candy?
- Save the date for our next webinar!
- Seasonal Market Outlook
- Wed., June 24, 2026 at 2pm ET / 11am PT
- Invites rolling out soon!
Host: Michael Caughlan, President & CEO
Expert: Kevin Combs, Vice President – Global Sweeteners Specialist
- Forecasted Super El Niño and its effect on cocoa
- Expect dry conditions: Is it already occurring?
- High fertilizer prices and how they will impact 2026/27 production
- Chocolate manufacturers heeding the demand of consumers
- What are some alternatives for cocoa content?
- Don’t miss next week’s webinar!
- Wheat Market Update
- Wed., May 20, 2026 at 2pm ET / 11am PT
- Clients, invites are going out now, or anyone can sign up now at mckeany-flavell.com
Host: Michael Caughlan, President & CEO
Expert: Marilyn Adutwum, Data Analyst
- Wheat
- Wow! goes the WASDE for wheat
- USDA gives bullish outlook
- Another wow!
- Hard red winter wheat production down 36% YOY
- 2026/27 ending stocks projected down sharply
- Wow! goes the WASDE for wheat
- Corn & soy complex
- 2025/26 changes relatively nominal
- Corn stocks to tighten in 2026/27
- New crop soybean and soybean oil balance sheets show more of the same (in some regards)
- Sugar
- 2025/26 ending stocks up on higher imports
- 2026/27 sugar production forecast to fall, with beet down how much?
- U.S. sugar beet plantings slow, but improving in the last week
- Our next webinar: Wheat Market Update
- Wed., May 20, 2026 at 2pm ET / 11am PT
- Clients, invites are going out now, or anyone can sign up now at mckeany-flavell.com
Host: Michael Caughlan, President & CEO
Expert: Eric Thornton, Vice President
Expert: Nicole Thomas, Vice President – Information Services
Expert: Kevin Combs, Vice President – Global Sweeteners Specialist
- How to build a product for the long term in the GLP-1 space
- How to market to Gen Z and Millennials
- Combating “wellness fatigue” as a brand with a case study
- See Sarah at Sweets & Snacks Expo, Supplier Showcase, May 18 at 2pm
- Our next webinar: Wheat Market Update
- Wed., May 20, 2026 at 2pm ET / 11am PT
- Clients, invites are going out now, or anyone can sign up now at mckeany-flavell.com
- Happy Mother’s Day!
Host: Michael Caughlan, President & CEO
Expert: Sarah Muller, Senior Director of Global Flavor Solutions at Jogue
- Planting progress:
- Idaho is 83% planted, well ahead of normal
- Plains region looking average
- Red River Valley and Michigan, slow to start
- What’s the reason?
- Latest update on the Farm Bill
- Clarity for farmers?
Host: Michael Caughlan, President & CEO
Expert: Kevin Combs, Vice President – Global Sweeteners Specialist
- Ceasefire talks back on in Pakistan
- Is WTI crude oil stabilizing?
- What’s the Fed’s next move?
- Clients favoring risk aversion
- Did you miss our U.S. Economy Update Webinar: Critical Inflection Point on Wednesday?
- Watch now on our IQ platform!
- Not an IQ subscriber? Reach out to us to learn more!
Host: Michael Caughlan, President & CEO
Expert: Shawn Bingham, Director of Commodity Risk Management
- News of transit through the Strait of Hormuz collapses crude oil futures
- Spillover effect pressuring soybean and palm oil futures
- What’s the timeline for a return to “normal” markets?
- A quick review of the current fundamentals
- Our next webinar: U.S. Economy Update Webinar
- Wed., April 22, 2026 at 2pm ET / 11am PT
- Clients, invites are going out now, or anyone can sign up now at mckeany-flavell.com
Host: Craig Ruffolo, Vice President – Commodity Specialist
Expert: Nicole Thomas, Vice President – Information Services
- Sugar
- Higher sugar imports leads to offsetting higher deliveries
- Stocks-to use ratio left unchanged
- Wheat
- U.S. and wheat global stocks rise, leading to a neutral to bearish April WASDE
- Expect more changes in the May WASDE to food and export demand, and new-crop 2026/27 first looks
- Corn & soy complex
- U.S. corn balance sheet unchanged, global ending stocks improve
- Soybean supplies remain adequate in the U.S., ample globally
- More food use of soybean oil? What will be the real stocks level for U.S. soybean oil?
- Our next webinar: U.S. Economy Update Webinar
- Wed., April 22, 2026 at 2pm ET / 11am PT
- Clients, invites are going out now, or anyone can sign up now at mckeany-flavell.com
Host: Michael Caughlan, President & CEO
Expert: Nicole Thomas, Vice President – Information Services
Expert: Eric Thornton, Vice President
Expert: Kevin Combs, Vice President – Global Sweeteners Specialist
- Weather
- Winter wheat relief ahead?
- Potential for rains that are desperately needed
- 65% of U.S. winter wheat in drought conditions: Highest since 2022
- Winter wheat relief ahead?
- Jobs
- Headline jobs data beats expectations
- Wage growth is easily outpacing inflation
- Underlying long-term trends are still concerning
- Save the date for our next webinar!
- Economy Update Webinar
- Wed., April 22, 2026 at 2pm ET / 11am PT
- Invites to be out soon
Host: Craig Ruffolo, Vice President – Commodity Specialist
Expert: Eric Thornton, Vice President
Expert: Shawn Bingham, Director of Commodity Risk Management
- Corn & soy complex
- Corn and soybean acres fall within acreage expectations, but what will the numbers actually look like by late June?
- Stocks seem adequate for both corn and soybeans
- The difference maker will be where those stocks reside
- Wheat
- Not the best fundamental news for wheat buyers
- All wheat acres forecasted at an all-time low of 43.8 million acres
- 2026/27 production decline risk is very likely with fewer acres, and the hard red winter wheat crop is currently dealing with a weather issue
- Ending stocks up 5%: Deficit risk in the long term?
- Not the best fundamental news for wheat buyers
- Sugar
- Beet sugar area down 1.5%
Host/Expert: Kevin Combs, Vice President – Global Sweeteners Specialist
Expert: Nicole Thomas, Vice President – Information Services
Expert: Eric Thornton, Vice President
- Forfeitures or no forfeitures is a big question
- Nearly 1.0 billion lbs of sugar under loan in Idaho
- Is that a real threat?
- March planting intentions coming out on Tuesday
- What to expect: Slight decline compared to last year?
- Did you miss our Seasonal Market Outlook Webinar on Wednesday?
- Watch now on our IQ platform!
- Not an IQ subscriber? Reach out to us to learn more!
Host/Expert: Kevin Combs, Vice President – Global Sweeteners Specialist
Expert: Craig Ruffolo, Vice President – Commodity Specialist
- W.W.W.
- Weather + War + Wheat = volatility!
- Current conditions for winter wheat are growing concerning
- Some better hope for rain in April?
- W.E.I.
- War + Energy + Inflation = economic chaos!
- Iran waging economic war via energy
- Inflation expectations are rising
- Most Fed members now see the funds rate unchanged for 2026
- Commodity buyers should be vigilant on near-term coverage
- Don’t miss our webinar next week!
- Seasonal Market Outlook Webinar: Navigating the Opportunities & Risks Ahead
- Wed., March 25, 2026 at 2pm ET / 11am PT
- Clients, be on the lookout for your invite next week, or anyone can sign up now at mckeany-flavell.com
Host: Michael Caughlan, President & CEO
Expert: Eric Thornton, Vice President
Expert: Shawn Bingham, Director of Commodity Risk Management
- Iran’s nuclear option is the Strait of Hormuz
- Emergency oil release reaction was muted
- Risk remains highly elevated
- Be proactive about adding soybean oil coverage
- Our next webinar is fast approaching!
- Seasonal Market Outlook Webinar: Navigating the Opportunities & Risks Ahead
Wed., March 25, 2026 at 2pm ET / 11am PT - Clients, be on the lookout for your invite next week, or anyone can sign up now at mckeany-flavell.com
- Seasonal Market Outlook Webinar: Navigating the Opportunities & Risks Ahead
Host/Expert: Eric Thornton, Vice President
Expert: Shawn Bingham, Director of Commodity Risk Management
- Corn & soy complex
- U.S. soy and corn balance sheets relatively unchanged
- Interesting changes to U.S. soybean oil consumption
- Wheat
- No changes in U.S. balance sheet
- Should USDA have increased exports?
- Attention shifting to new crop 2026/27 with 2025/26 set in stone
- Sugar
- Florida cane production lowered from early February freeze
- High-tier imports increased
- Our next webinar is fast approaching!
- Seasonal Market Outlook Webinar: Navigating the Opportunities & Risks Ahead
- Wed., March 25, 2026 at 2pm ET / 11am PT
- Clients, be on the lookout for your invite next week, or anyone can sign up now at mckeany-flavell.com
Host: Michael Caughlan, President & CEO
Expert: Nicole Thomas, Vice President – Information Services
Expert: Eric Thornton, Vice President
Expert: Kevin Combs, Vice President – Global Sweeteners Specialist
- New MAHA food pyramid could lead to changing consumption
- GLP-1 and weight management drugs grow in usage
- What’s a food and/or beverage manufacturer to do in this environment?
- Save the date for our next webinar!
- Seasonal Market Outlook Webinar: Navigating the Opportunities & Risks Ahead
- Wed., March 25, 2026
- Clients, be on the lookout for your invite next week, or anyone can sign up now at mckeany-flavell.com
Host: Michael Caughlan, President & CEO
Expert: Nicole Thomas, Vice President – Information Services
Expert: Marilyn Adutwum, Data Analyst
- Held in beautiful Championsgate, FL: How was the weather?
- Demand for sugar and sweeteners pressured from growing GLP-1 use and SNAP restrictions
- Tariffs are off and then back on again?
- 2027 negotiations appear to be in no hurry
Host: Michael Caughlan, President & CEO
Expert: Kevin Combs, Vice President – Global Sweeteners Specialist
- Wheat
- Wheat is worth watching now: futures rallying to six-month highs
- Long-term bearish outlook still most likely
- Sugar
- Sugar forfeiture risk and product reformulations will be two non-traditional drivers for the 2027 market
- Soy complex
- Trade and profitability: soybean supply and consumption may hinge on those factors
- Energy markets, be it biofuel or crude oil, soybean oil prices are at the mercy of energy markets, domestic politics, and the geopolitical environment
- Corn
- Corn acreage and consumption: lower YOY acreage (with likely good carry-in for 2026/27) against feed consumption now, ethanol consumption later
Host/Expert: Nicole Thomas, Vice President – Information Services
Expert: Eric Thornton, Vice President
- World demand down
- How’s the weather looking for the mid-crop season?
- What about surplus?
- What’s the recent news from Ghana?
- Arrival numbers have been hard to come by; now we know why!
- Current market price and recommendations for coverage going forward
- Happy Valentine’s Day!
Host: Eric Thornton, VP
Expert: Marilyn Adutwum, Data Analyst
- Sugar
- Louisiana record cane crop boosted
- USDA cleans up 2024/25 delivery figures
- Wheat
- Changes minimal (as expected) for wheat
- Small decrease to food demand bumps up ending stocks
- Could we reach 1 billion bushels in ending stocks for new crop 2026/27?
- Corn & soy complex
- U.S. corn balance sheet showing slightly lower ending stocks; still neutral to bearish
- Nothing new and enlightening for soybeans or soybean oil, in the U.S. anyway
Host: Michael Caughlan, President & CEO
Expert: Kevin Combs, Vice President – Global Sweeteners Specialist
Expert: Eric Thornton, Vice President
Expert: Nicole Thomas, Vice President – Information Services
- Why 2026 feels fundamentally different from prior resin cycles
- How polyethylene supply discipline and inventory management are driving price behavior
- The growing disconnect between resin indices and real transaction pricing
- Nonmarket adjustments and why they create confusion—and risk—for buyers
- What resin buyers should actually be watching right now
Host: Nicole Thomas, Vice President – Information Services
Guest Expert: Michael Workman, Growth Director at ResinSmart by RTi Global
Guest Expert: Kevin Mekaru, Senior Business Unit Lead, Commodity Plastic Resin, RTi Global
www.resinsmart.ai
- Fed leaves rates unchanged as expected
- Powell says the levels of uncertainty around employment and inflation have diminished
- Trump taps Kevin Warsh to head the Fed next
- PPI inflation comes in a little hot
Host: Michael Caughlan, President & CEO
Expert: Shawn Bingham, Director of Commodity Risk Management
- ASGA is celebrating 50 years of excellence!
- What will be discussed?
- Farm incomes dropping
- Imperative to get beet payments up for the 2026/27 crop year
- Sugar growers going through generational change
- Need to support young farmers of America
- Is the rebound in beet sugar deliveries sustainable?
- Did you miss our Key Ingredients in 2026 Webinar on Wednesday?
- Watch now on our IQ platform!
- Not an IQ subscriber? Reach out to us to learn more!
Host: Michael Caughlan, President & CEO
Expert: Craig Ruffolo, Vice President – Commodity Specialist
- Winter Wheat Seedings report
- Current look at winter wheat conditions and weather
- U.S. exports capped at 900 million bushels?
- Recommendations for strategy and coverage
- Join us next Wednesday, January 21 for our first webinar of the year!
- Key Ingredients in 2026 Webinar: Anticipate Volatility & Plan Effectively
- Clients, be on the lookout for your invite, or anyone can sign up now at mckeany-flavell.com
Host: Craig Ruffolo, Vice President – Commodity Specialist
Expert: Eric Thornton, Vice President
- Corn & soy complex
- Bearish surprise for U.S. corn via production
- Soybean ending stocks higher as a result of paltry export demand
- What gives with U.S. soybean oil stocks?
- Sugar
- Louisiana cane production forecast breaks record!
- Sugar deliveries forecast to drop, but by how much?
- Wheat
- Catch up with wheat S&D on this Friday’s pod!
- Join us Wednesday, January 21 for our first webinar of the year!
- Key Ingredients in 2026 Webinar: Anticipate Volatility & Plan Effectively
- Clients, be on the lookout for your invite, or anyone can sign up now at mckeany-flavell.com
Host: Michael Caughlan, President & CEO
Expert: Nicole Thomas, Vice President – Information Services
Expert: Kevin Combs, Vice President – Global Sweeteners Specialist
- Economy
- Lackluster headline jobs growth with revisions lower
- Unemployment rate reverses recent uptick
- Fed still eyes 50-basis-point rate cuts this year
- Weather
- NOAA’s latest forecast reveals a potential El Niño in H2 2026?
- What crops could be affected?
- Current conditions in the U.S. have been drier due to the weak La Niña weather pattern
- NOAA’s latest forecast reveals a potential El Niño in H2 2026?
- Join us on Wednesday, January 21 for our first webinar of the year!
- Key Ingredients in 2026 Webinar: Anticipate Volatility & Plan Effectively
- Clients, be on the lookout for your invite, or anyone can sign up now at mckeany-flavell.com
Host: Michael Caughlan, President & CEO
Expert: Shawn Bingham, Director of Commodity Risk Management
Expert: Eric Thornton, Vice President
- Corn wet milling
- Investments made will impact availability of liquid sweeteners
- Sugar
- World sugar stays under 17 cents per lb
- Brazil: Another monster crop
- STU goes up: 18% by summer
- More forfeitures during the summer months
- Wheat
- U.S. acreage at an all-time low
- Global production output to be more like last year’s than this year’s output (800 MMT vs. 837 MMT)
- Soy complex & edible oils
- Resurgence in biofuel production
- Conventional canola oil is the least expensive option for a good chunk of 2026
- Impact of weight management drugs continues
- Anti-seed oil trend to pick up traction
- Economy & energy
- Three rate cuts during 2026: 2.75% to 3.00%
- CPI: 2.6% for 2026
- Inflation likely to tick up by year's end
- Crude oil: $55 to $56 a barrel
- Happy New Year!
Host: Michael Caughlan, President & CEO
Expert: Craig Ruffolo, Vice President – Commodity Specialist
Expert: Kevin Combs, Vice President – Global Sweeteners Specialist
Expert: Eric Thornton, Vice President
Expert: Nicole Thomas, Vice President – Information Services
Expert: Shawn Bingham, Director of Commodity Risk Management
...and Nicole's got the mic, rhyming her way through a poem that is sure to be liked.
Happy holidays from McKeany-Flavell!
Host: Michael Caughlan, President & CEO
Expert: Nicole Thomas, Vice President – Information Services
- Soybean oil futures
- Why do we keep coming back to the same spot?
- Soybean oil in biofuels
- A combo of the known and unknown
- Food consumption
- Consumer trends of all forms to drive demand
- GLP-1s: A fad or here to stay?
Host: Michael Caughlan, President & CEO
Expert: Nicole Thomas, Vice President – Information Services
- USDA punts any U.S. production changes to January
- Expect more volatility and market attention next month
- Corn
- The only change? Increase to exports
- Soy complex
- No changes to the U.S. soybean balance sheet
- Wheat
- Ditto for U.S. wheat balance sheet: No changes
- Global wheat production rose further
- Now a 5% increase vs. 2024/25
- Sugar
- Beet sugar production lowered, while cane increased
Host: Michael Caughlan, President & CEO
Expert: Eric Thornton, VP
Expert: Kevin Combs, Vice President – Global Sweeteners Specialist
- Ethanol from corn and high sugar share increasing Brazil production in 2024/25
- Global surplus pressuring world # 11 sugar prices
- When will low prices impact production?
- Missed Wednesday’s webinar on Systematic Timing Models?
- Watch now on our IQ platform!
- Not an IQ subscriber? Reach out to us to learn more!
Host: Michael Caughlan, President & CEO
Expert: Kevin Combs, Vice President – Global Sweeteners Specialist
- FOMC decision on Dec. 10
- Crude oil production vs. demand
- Supreme Court ruling on Trump tariffs
- Dec. 9 WASDE
- Next Wednesday is our last webinar of 2025!
- Procurement Timing Models: Taking the Emotion Out of Procurement
- Wed., December 3, 11am PT / 2pm ET
- Clients, be on the lookout for your invite, or anyone can sign up now at mckeany-flavell.com
- Happy Thanksgiving!
Host/Expert: Eric Thornton, VP
Expert: Shawn Bingham, Director of Commodity Risk Management
- Will the closure of refining cause some regional tightness?
- Burdensome inventories for both beet and cane
- Will it keep pressure on prices?
- The International Sweetener Colloquium is now on the radar!
- Come prepared to talk 2027
- Mark your calendars for our next webinar!
- Procurement Timing Models: Taking the Emotion Out of Procurement
- Wed., December 3, 11am PT / 2pm ET
- Clients, be on the lookout for your invite, or anyone can sign up for both now at mckeany-flavell.com
Host/Expert: Kevin Combs, Vice President – Global Sweeteners Specialist
Expert: Craig Ruffolo, Vice President – Commodity Specialist
- Corn
- Downward revision to usage for feed and residual
- Soy complex
- Soybean carry-in lowered a bit
- Most puzzling was soybean oil!
- Wheat
- U.S. balance sheet as expected
- Higher production boosts U.S. stocks
- Global wheat production increases galore!
- U.S. balance sheet as expected
- Sugar
- Massive adjustments to sugar deliveries
- Both beet and cane production lowered
Host: Michael Caughlan, President & CEO
Expert: Nicole Thomas, Vice President – Information Services
Expert: Kevin Combs, Vice President – Global Sweeteners Specialist
Expert: Eric Thornton, VP
- Q4 2025 snapshot of market conditions
- Is market softness present?
- Preparing for 2026 with budget considerations
- Not a client on McKeany-Flavell’s IQ Intelligence Platform? Visit mckeany-flavell.com to learn more!
- Commodity dashboards
- Dynamic data & interactive charts
- Analytics & calculators
- Price forecasts
- Downloadable data, charts, and tables
Host: Nicole Thomas, Vice President – Information Services
Guest Expert: Michael Workman, Growth Director at ResinSmart by RTi Global
Guest Expert: Kevin Mekaru, Senior Business Unit Lead, Commodity Plastic Resin, RTi Global
www.resinsmart.ai
- Soybeans
- Soybean prices “rise from the dead” to 15-month highs!
- China/U.S. trade announcements require careful analysis
- How impactful in the short and long term?
- Chocolate
- Halloween chocolate prices are up, up, up!
- Retail chains may be running some promos to try and get a lot of volume sold
- Will they be successful?
- Want to go more in depth on cocoa? Join us for next week’s webinar!
- Cocoa Market Update Webinar
- Wed., November 5, 11am PT / 2pm ET
- Clients, be on the lookout for your invite, or anyone can sign up now at mckeany-flavell.com
- Happy Halloween!
Host: Michael Caughlan, President & CEO
Expert: Eric Thornton, VP
Expert: Marilyn Adutwum, Data Analyst
- Not much movement on price direction for 2026
- Corn wet millers offering multiple solutions to manage coproducts
- Product demand is still a concern going into negotiations
- Two webinars back-to-back! Make sure to register for both!
- Seasonal Market Outlook Webinar
- Wed., October 29, 11am PT / 2pm ET
- Cocoa Market Update Webinar
- Wed., November 5, 11am PT / 2pm ET
- Clients, be on the lookout for your invite, or anyone can sign up for both now at mckeany-flavell.com
- Seasonal Market Outlook Webinar
Host: Michael Caughlan, President & CEO
Expert: Craig Ruffolo, Vice President – Commodity Specialist
- Corn
- Corn yield likely falling on disappointing harvest results thus far
- Record crop still expected north of 16 billion bushels
- Corn exports appear to remain strong; other categories remain to be seen
- Wheat
- U.S. wheat production increases should boost ending stocks
- Could U.S. export demand surpass 900 million bushels?
- Winter wheat plantings about 65% complete
- Conditions improving in soft red winter wheat area
- Soy complex
- Chinese soybean import demand could be hit or miss for the U.S., with or without a deal
- Domestic soybean oil consumption soft with potential for some export demand offset
- Our next webinar is fast approaching!
- Seasonal Market Outlook Webinar
- Wed., October 29, 11am PT / 2pm ET
- Clients, be on the lookout for your invite, or anyone can sign up now at mckeany-flavell.com
Host: Michael Caughlan, President & CEO
Expert: Nicole Thomas, Vice President – Information Services
Expert: Eric Thornton, Senior Commodity Advisor
- Big question: Will the government shutdown end in time for November WASDE?
- Corn
- Corn carry-in up
- Yields down, but still a record
- Harvest acres lower?
- Future S&D risks: Feed and exports
- Sugar
- Sugar production likely lower than September WASDE
- Will sugar deliveries decline for a second consecutive year?
- Save the date for our next webinar!
- Seasonal Market Outlook Webinar
- Wed., October 29, 11am PT / 2pm ET
- Clients, be on the lookout for your invite, or anyone can sign up now at mckeany-flavell.com
Host/Expert: Kevin Combs, Vice President – Global Sweeteners Specialist
Expert: Shawn Bingham, Director of Commodity Risk Management
- Soybean production could be lower than expected due to late-season weather dynamics
- Soybean meal needs more homes
- Soybean oil market ambiguity continues
- Save the date for our next webinar!
- Seasonal Market Outlook Webinar
- Wed., October 29, 11am PT / 2pm ET
- Clients, be on the lookout for your invite, or anyone can sign up now at mckeany-flavell.com
Host: Michael Caughlan, President & CEO
Expert: Nicole Thomas, Vice President – Information Services
- Corn futures may have already hit harvest lows
- Feed demand picks up in December
- Could that support coproduct values through Q1 2026?
- Key to wet milling contract negotiations:
- Understanding corn grind allocation
- Not a client on McKeany-Flavell’s IQ Intelligence Platform? Visit mckeany-flavell.com to learn more!
- Commodity dashboards
- Dynamic data & interactive charts
- Analytics & calculators
- Price forecasts
- Downloadable data, charts, and tables
- Save the date for our next webinar!
- Seasonal Market Outlook Webinar
- Wed., October 29, 11am PT / 2pm ET
- Clients, be on the lookout for your invite, or anyone can sign up now at mckeany-flavell.com
Host: Michael Caughlan, President & CEO
Expert: Craig Ruffolo, Vice President – Commodity Specialist
- A weak La Niña is now in the forecast
- What does that mean for the long-range weather outlook and commodities?
- Drought in the U.S. has expanded in recent months
- Will La Niña offer any relief?
- Watch out for the potential of planting and harvest delays in Brazil this winter
- Not a customer on McKeany-Flavell’s IQ Intelligence Platform? Visit mckeany-flavell.com to learn more about IQ, where we offer subscribers 24/7 access to
- Real-time market updates and technical analysis
- Discussion of supply and demand fundamentals
- Price forecasts
- As well as charts, tables, and downloadable PowerPoint market overviews
Host: Michael Caughlan, President & CEO
Expert: Eric Thornton, Senior Commodity Advisor
- Corn
- Domestic corn acreage increased
- Corn yield lowered: Still too much, too soon?
- Slow down in ethanol
- Soy Complex
- Uptick in soybean ending stocks and slightly higher acreage
- Upward to revision to crush
- Where’s China?
- What's driving prices?
- Not much in the way of change short of production adjustments for corn, soy complex, but it’s what we DON’T see in the numbers that may drive prices for corn, soybeans, and soybean oil
- Sugar
- Beet production lowered, while cane production increased
- Mexican imports cut in half under Suspension Agreement rules
- Stocks-to-use still well above the target
- Next week is our Energy Market Update Webinar!
- Wed., September 17, 11am PT / 2pm ET
- Clients, be on the lookout for your invite, or anyone can sign up now at mckeany-flavell.com
Host: Michael Caughlan, President & CEO
Expert: Nicole Thomas, Vice President – Information Services
Expert: Kevin Combs, Vice President – Global Sweeteners Specialist
- Corn
- Corn yields should see reduction
- 2025/26 stocks could test 2.0 billion?
- Soybeans
- Balance sheet could get tighter on possible yield reduction
- Sugar
- Will USDA be able to cut into sugar surplus?
- Will the Louisiana cane crop meet record forecast of 2.154 million STRV?
- Has recent weather cut into the 262,000 STRV increase in beet production forecast last month?
- Mark your calendar for our upcoming webinar!
- Energy Market Update Webinar
- Wed., September 17, 11am PT / 2pm ET
- Clients, be on the lookout for your invite, or anyone can sign up now at mckeany-flavell.com
Host: Kevin Combs, Vice President – Global Sweeteners Specialist
Expert: Craig Ruffolo, Vice President – Commodity Specialist
- Where is the corn sweetener market currently in negotiation?
- Corn crop is seeing some challenges in August
- Top-end yield expectations could be revised lower
- Co-product credit reconciliation and reporting will be a major topic of discussion
- Mark your calendar for our upcoming webinar!
- Energy Market Update Webinar
- Wed., September 17, 11am PT / 2pm ET
- Clients, be on the lookout for your invite, or anyone can sign up now at mckeany-flavell.com
Host: Eric Thornton, Senior Commodity Advisor
Expert: Craig Ruffolo, Vice President – Commodity Specialist
- Pro Farmer sees strong corn yields for much of the Belt
- Soybean pod counts well above last year for a few states
- Findings for one “I” state leave room for uncertainty
- As is often the case, regional weather dynamics may come into play for final national averages
- Not a customer on McKeany-Flavell’s IQ Intelligence Platform?
Visit mckeany-flavell.com to learn more about IQ, where we offer subscribers 24/7 access to- Real-time market updates and technical analysis
- Discussion of supply and demand fundamentals
- Price forecasts
- Charts, tables, and downloadable PowerPoint market overviews
Host: Shawn Bingham, Director of Commodity Risk Management
Expert: Nicole Thomas, Vice President – Information Services
- Sugar
- Beet crop is looking excellent
- Potential record yields?
- Harvesting has begun!
- Louisiana crop raised while Florida stays about the same
- Beet crop is looking excellent
- Corn
- Huge record on yield!
- Due to lots of crops and good weather
- Biggest surprise? More acreage picked up
- Huge record on yield!
- Soy complex
- What corn gained, soybeans lost
- Planted acres and exports down
- Wheat
- More loss of acreage
- Yield up a bit
- Exports revised higher
- Not a customer on McKeany-Flavell’s IQ Intelligence Platform? Visit mckeany-flavell.com to learn more about IQ, where we offer subscribers 24/7 access to
- real-time market updates and technical analysis
- discussion of supply and demand fundamentals
- price forecasts
- as well as charts, tables, and downloadable PowerPoint market overviews
Host: Michael Caughlan, President & CEO
Expert: Kevin Combs, Vice President – Global Sweeteners Specialist
Expert: Eric Thornton, Senior Commodity Advisor
- What is the ASA Symposium?
- Who attends and what's discussed
- Will the new Farm Bill become law this year?
- Farmers’ take on the 2025/26 crops
- How are those crops in Florida and Louisiana doing?
- Big takeaway:
- America’s farmers first, and no specialty refined quota
- You can find much more info on sugar and other commodities on McKeany-Flavell's IQ Intelligence Platform
- Visit mckeany-flavell to learn more about what we offer 24/7 to our subscribers!
Host: Michael Caughlan, President & CEO
Expert: Kevin Combs, Vice President – Global Sweeteners Specialist
Expert: Craig Ruffolo, Vice President – Commodity Specialist
- Crop progress
- Ideal weather for the U.S., but what about Canada and Europe?
- Corn: What’s up with those big numbers?!?
- Be on the lookout for August dryness and the hurricane season ramping up
- Freight
- Union Pacific makes a major announcement (billions, not millions!)
- Ocean, rail, and trucking updates
- Which one is most stable at the moment?
- Tariffs
- Battling exhaustion
- Exceptions for certain productions like coffee or tropical oils?
- Ag policy: How the USDA is being restructured
Host: Michael Caughlan, President & CEO
Expert: Nicole Thomas, Vice President – Information Services
Expert: Eric Thornton, Senior Commodity Advisor
- Current weather and conditions in West Africa
- Anemic Q2 cocoa bean grind figures weigh on the market
- Ghana is planning to change the new crop year start date from Oct. 1 to Aug. 1
- Hershey announces more price increases?
- Halloween candy spared (for now)
- Not a customer on McKeany-Flavell’s IQ Intelligence Platform? Visit mckeany-flavell.com to learn more about IQ, where we offer subscribers 24/7 access to
- Real-time market updates and technical analysis
- Discussion of supply and demand fundamentals
- Price forecasts
- As well as charts, tables, and downloadable PowerPoint market overviews
Host: Eric Thornton, Senior Commodity Advisor
Expert: Marilyn Adutwum, Data Analyst
- Consumer inflation edges higher in June
- Wholesale prices surprise by falling
- Market shaves off some of the rate reductions but still sees lower funds target at year-end
- Is Chairman Powell content to keep rates steady until tariff rates and policies are better understood?
- Not a customer on McKeany-Flavell’s IQ Intelligence Platform? Visit mckeany-flavell.com to learn more about IQ, where we offer subscribers 24/7 access to:
- Real-time market updates and technical analysis
- Discussion of supply and demand fundamentals
- Price forecasts
- As well as charts, tables, and downloadable PowerPoint market overviews
Host: Michael Caughlan, President & CEO
Expert: Shawn Bingham, Director of Commodity Risk Management
- Wheat
- U.S. wheat ending stocks projected higher YOY
- Production up due to higher yields?
- Global production is declining
- Corn
- U.S. corn ending stocks fall further for this year and next
- Who is the big buyer of corn?
- Consumption assumptions are strong!
- Soy complex
- BBB and EPA driving large biofuel consumption for soybean oil in 2025/26
- Food use change is a head-scratcher
- What’s 2025/26 looking like?
- Sugar
- Sugar deliveries for food use are down from last year
- What’s the forecast for 2026?
- Beet production lowered
- Mexico imports down
- Sugar deliveries for food use are down from last year
- Next week is our Wheat Market Update Webinar!
- Wed., July 19, 11am PT / 2pm ET
- Be on the lookout for your invite or sign up now at mckeany-flavell.com
Host: Michael Caughlan, President & CEO
Expert: Nicole Thomas, Vice President – Information Services
Expert: Kevin Combs, Vice President – Global Sweeteners Specialist
- Recap of the Acreage and Grain Stocks reports
- How’s the weather forecast looking for the first half of July?
- Trump’s tariff deadline is next week, Jul. 9
- Will we see more threats and volatility?
- Our upcoming webinar: Wheat Market Update Webinar
- Wed., July 19, 11am PT / 2pm ET
- Be on the lookout for your invite or sign up now at mckeany-flavell.com
Host: Michael Caughlan, President & CEO
Expert: Eric Thornton, Senior Commodity Advisor
- Contrarian growth points:
- Q2 2025 GDP set to rebound, but how sharply?
- Forward inflation favorable to Fed’s target
- Will tax cuts be extended?
- Prediction! Interest rates lower this time next year
- Equities hit record high
- USDA's Acreage and Grain Stocks reports out on Monday!
- Setting the tone for the coming months
- Mike is live at the Western Candy Conference!
- Save the date for our next webinar!
- Wheat Market Update Webinar
- Wed., July 19, 11am PT / 2pm ET
- Look for your invite going out next week or sign up now at mckeany-flavell.com
Host: Craig Ruffolo, Vice President – Commodity Specialist
Expert: Michael Caughlan, President & CEO
Expert: Shawn Bingham, Director of Commodity Risk Management
- Meet RTi Global
- Who they are and what they do
- Find them on YouTube: https://www.youtube.com/@RTiGetResinSmart
- And LinkedIn: https://www.linkedin.com/company/resin-technology-inc/
- Polyethylene (PE) and polypropylene (PP)
- Where we are and where have we been?
- Hurricane season could add market volatility
- Tariffs, geopolitics, and trade are impactful in resins, as is the case with everything else!
- Market outlook and strategies for resin buyers to consider
- Our next webinar is next week!
- Seasonal Market Outlook Webinar: Summer Crop Estimates & Market Direction
- Wed., June 25, 11am PT / 2pm ET
- Look out for your invite or sign up now at mckeany-flavell.com
Host: Nicole Thomas, Vice President – Information Services
Guest Expert: Michael Workman, Growth Director at ResinSmart by RTi Global
Guest Expert: Kevin Mekaru, Senior Business Unit Lead, Commodity Plastic Resin, RTi Global
www.resinsmart.ai
- Typical June WASDE with few changes to grain supply and demand estimates
- Corn
- 2024/25 corn exports increased, lowering ending stocks by same amount
- Brazil and Argentina corn production unchanged at 130 MMT and 50 MMT
- Wheat
- 2025/26 wheat saw a healthy increase to exports
- Soy complex
- No changes to U.S. soybean complex estimates
- Sugar
- Sugar deliveries continue to trend lower
- Beet production also lowered for current and next year
- Update on sugar negotiations
- Our next webinar is fast approaching!
- Seasonal Market Outlook Webinar: Summer Crop Estimates & Market Direction
- Wed., June 25, 11am PT / 2pm ET
- Look out for your invite or sign up on mckeany-flavell.com
Host: Michael Caughlan, President & CEO
Expert: Kevin Combs, Vice President – Global Sweeteners Specialist
- Brazil
- Harvest ramping up with production expected to increase
- Corn crops encroaching on sugar?
- India
- Production to rebound in 2025/26
- What are the struggles their sugar crops are facing?
- Thailand
- Next key exporter behind Brazil
- Can we expect a similar crop to last year?
- What are #11 world futures market trading at now?
- Our upcoming webinar!
- Seasonal Market Outlook Webinar: Summer Crop Estimates & Market Direction
- Wed., June 25, 11am PT / 2pm ET
- Look for your invite going out the week of June 9 or sign up now on mckeany-flavell.com
Host: Michael Caughlan, President & CEO
Expert: Kevin Combs, Vice President – Global Sweeteners Specialist
- Legacy vs. disaggregated report
- Long format vs. short format
- Futures only vs. futures and options
- Commercial vs. non-commercial
- Managed money vs. other report tables
- The supplemental CIT report
- Save the date for our next webinar!
- Seasonal Market Outlook Webinar: Summer Crop Estimates & Market Direction
- Wed., June 25, 11am PT / 2pm ET
- Look for your invite going out the week of June 9 or sign up now on mckeany-flavell.com
Host: Michael Caughlan, President & CEO
Expert: Shawn Bingham, Director of Commodity Risk Management
-
Memorial Day is here, and current conditions in the U.S. are ideal
- Spring row crops off to a good start
- A pattern switch to more warmth and dryness is still expected
- Hurricane season begins Jun. 1
- Another active year is forecasted
- Missed our 2025 Spring Market Seminar in April?
- IQ Premier-level subscribers may now watch presentation videos here!
- Not an IQ platform subscriber? Contact us to learn more!
Host: Michael Caughlan, President & CEO
Expert: Eric Thornton, Senior Commodity Advisor
- What’s new this year at the Sweets and Snacks Expo?
- Sugary treats vs. chocolate offerings: Who’s winning?
- Freeze-dried candy: Even bigger than last year!
- Lots of talk around new regulations for artificial dyes and possible challenges
- Wheat
- Wheat crop tour in Kansas showing good potential
- Some risk of virus and disease
- Could use an end to the rains in June before harvest
- H2 2025 wheat futures: Buy now?
- Missed our 2025 Spring Market Seminar in April?
- IQ Premier-level subscribers may now watch presentation videos here!
- Not an IQ platform subscriber? Contact us to learn more!
- Our next webinar is fast approaching!
- Economy Update Webinar: Economic Growth, Employment, Inflation, & Global Trade
- Wed., May 21, 11 am PT / 2 pm ET
- Look for your invite or sign up now on mckeany-flavell.com
Host: Kevin Combs, Vice President – Global Sweeteners Specialist
Expert: Michael Caughlan, President & CEO
Expert: Eric Thornton, Senior Commodity Advisor
- Corn and soy complex
- Initial 2025/26 corn and soybean projections present headscratchers for consumption
- Higher YOY consumption for 2025/26 in corn for feed, exports, and soybean oil for biofuel and food
- Wheat
- New crop 2025/26 wheat stocks projected to reach a six-year high
- Many questions on wheat supply: Perhaps too optimistic out of the gate?
- Global wheat production reaches a record, while stocks remain flat
- Sugar
- 2024/25 deliveries for food use lowered by how much?
- Initial 2025/26 beet production forecast for beet and cane
- Missed our 2025 Spring Market Seminar in April?
- IQ Premier-level subscribers may now watch presentation videos here!
- Not an IQ platform subscriber? Contact us to learn more!
- Our next webinar
- Economy Update Webinar: Economic Growth, Employment, Inflation, & Global Trade
- Wed., May 21, 11am PT / 2pm ET
- Look for your invite or sign up now on mckeany-flavell.com
Host/Expert: Kevin Combs, Vice President – Global Sweeteners Specialist
Expert: Nicole Thomas, Vice President – Information Services
Expert: Eric Thornton, Senior Commodity Advisor
- Sugar beet plantings are nearly complete
- What are the initial 2025/26 WASDE beet estimates likely to be?
- 2026 contracting is picking up pace, at about 50% complete
- Missed our 2025 Spring Market Seminar in April?
- IQ Premier-level subscribers may now watch presentation videos here!
- Not an IQ platform subscriber? Contact us to learn more!
- Our next webinar is coming up!
- Economy Update Webinar: Economic Growth, Employment, Inflation, & Global Trade
- Wed., May 21, 11 am PT / 2 pm ET
- Look for your invite or sign up now on mckeany-flavell.com
Host: Michael Caughlan, President & CEO
Expert: Kevin Combs, Vice President – Global Sweeteners Specialist
- GDP contracts for the first time since March 2022
- Unemployment rate unchanged, with an increase to month-over-month non-farm jobs
- What were the job winners?
- Why are manufacturing jobs remaining problematic?
- Thanks to all who participated in our 2025 Spring Market Seminar!
- Videos available soon on our IQ platform for IQ subscribers who attended!
- Save the date for our next webinar!
- Economy Update Webinar: Economic Growth, Employment, Inflation, & Global Trade
- Wed., May 21, 11 am PT / 2 pm ET
- Look for your invite going out next week or sign up now on mckeany-flavell.com
Host: Michael Caughlan, President & CEO
Expert: Nicole Thomas, Vice President – Information Services
Expert: Shawn Bingham, Director of Commodity Risk Management
- Cocoa
- Why is cocoa remaining a commodity headache?
- Q1 2025 cocoa bean grinds were better than expectations
- U.S. cocoa bean stocks improve
- Sugar
- Brawley, CA sugar beet plant to close
- What does it mean for the sugar market?
- Brawley, CA sugar beet plant to close
- Thanks to all who participated in our 2025 Spring Market Seminar!
Host: Michael Caughlan, President & CEO
Expert: Eric Thornton, Senior Commodity Advisor
- The dreaded “T” word and its impact on a few edible oil categories
- Why the bullishness in soybean oil futures?
- Join us next Wednesday, April 23!
- McKeany-Flavell’s 2025 Spring Market Seminar: Industry Trends & Consumption
- Live online event! Free for all clients!
- Not a client? It’s only $395 per person to attend!
- Visit mckeany-flavell.com to register today!
Host: Craig Ruffolo, Vice President – Commodity Specialist
Expert: Nicole Thomas, Vice President – Information Services
- Soy complex
- Slight change to soybean ending stocks
- Production increases in soybean oil along with decreases to biofuels and food use were mostly offset by an increase to exports
- Wheat
- Significant increases to hard red winter and spring wheat
- How has the market reacted?
- Significant increases to hard red winter and spring wheat
- Corn
- Corn use up putting ending stocks-to-use down
- Sugar
- Beet production up to a record, while cane production is lowered
- High-tier imports increased
- McKeany-Flavell’s 2025 Spring Market Seminar: Industry Trends & Consumption
- Live online event! Free for all clients!
- Wednesday, April 23, 2025
- Visit mckeany-flavell.com to register today!
Host: Michael Caughlan, President & CEO
Expert: Shawn Bingham, Director of Commodity Risk Management
Expert: Kevin Combs, Vice President – Global Sweeteners Specialist
- Recent avian flu hits & spring migration
- Egg supply & current demand
- A sneak peek at eggs being covered at our Spring Seminar
- McKeany-Flavell’s 2025 Spring Market Seminar: Industry Trends & Consumption
- Live online event! Free for all clients!
- Wednesday, April 23, 2025
- Have you registered? Visit mckeany-flavell.com to get it done!
Host: Eric Thornton, Senior Commodity Advisor
Expert: Marilyn Adutwum, Data Analyst
- Corn and soybeans
- Corn, soybean acreage relatively in line with pre-report estimates
- Less corn, soybeans in on-farm storage than last year
- Wheat
- Second fewest planted wheat acres on record
- Hard red spring wheat down how much?
- Wheat stocks come in slightly bearish and above expectations
- Sugar
- Beet planting area forecast to increase
- Minnesota and North Dakota both up
- McKeany-Flavell’s 2025 Spring Market Seminar: Industry Trends & Consumption
- Live online event! Free for all clients!
- Wednesday, April 23, 2025
- Have you registered? Visit mckeany-flavell.com to get it done!
Host/Expert: Kevin Combs, Vice President – Global Sweeteners Specialist
Expert: Nicole Thomas, Vice President – Information Services
Expert: Eric Thornton, Senior Commodity Advisor
- Market expects more corn acreage vs. soybeans, but just how much?
- Wheat acres could see a small increase vs. last year
- Wheat futures also reach fresh contract lows today: Great buying opportunity!
- Grain stocks may surprise more than the acreage report, so too could the Apr. 2 tariff deadline
- McKeany-Flavell’s 2025 Spring Market Seminar: Industry Trends & Consumption
- Live online event! Free for all clients!
- Wednesday, April 23, 2025
- Visit mckeany-flavell.com to register today!
Host: Michael Caughlan, President & CEO
Expert: Eric Thornton, Senior Commodity Advisor
- Wheat
- U.S. winter wheat crop has endured challenges
- Will April rains be welcomed?
- Weather
- La Niña expected to fade in the coming weeks
- U.S. Midwest dealing with more drought and dryness headed into spring planting season
- Economy
- Fed holds rates steady but eases via treasury holdings
- FOMC lowers 2025 growth forecast and raises inflation forecast
- With two opposite battles to find, will Chairman Powell likely choose slowing growth as the most eminent problem?
- Join us next Wednesday, March 26 for our Seasonal Market Outlook webinar!
- Look out for your invite or sign up now on mckeany-flavell.com
- McKeany-Flavell’s 2025 Spring Market Seminar: Industry Trends & Consumption
- Live online event! Free for all clients!
- Wednesday, April 23, 2025
- Visit mckeany-flavell.com to register today!
Host: Michael Caughlan, President & CEO
Expert: Eric Thornton, Senior Commodity Advisor
Expert: Shawn Bingham, Director of Commodity Risk Management
- Inflation, while elevated, is taking a back seat to tariff troubles
- Consumer sentiment and spending is declining, raising questions about future demand
- Wall Street and others are lowering their U.S. growth forecasts: Will this spread globally?
- Time to talk 2026 sugar with your suppliers
- May the Luck O’ the Irish be with you!
- Our next webinar: Seasonal Market Outlook
- Wednesday, March 26, 2025
- Look for your invite next week, or sign up now on mckeany-flavell.com
- McKeany-Flavell’s 2025 Spring Market Seminar: Industry Trends & Consumption
- Live online event! Free for all clients!
- Wednesday, April 23, 2025
- Visit mckeany-flavell.com to register today!
Host/Expert: Craig Ruffolo, Vice President – Commodity Specialist
Expert: Shawn Bingham, Director of Commodity Risk Management
- Corn and soy complex
- U.S. corn, soybean balance sheets unchanged with much in the way of consumption uncertainty
- Global S&D for corn and soybeans both show declining ending stocks vs. last month’s report
- Wheat
- USDA cuts exports due to slower sales and shipments
- Global wheat ending stocks FINALLY deviate from the 257 MMT stranglehold!
- Sugar
- Sugar deliveries lowered
- Beet production increased to a record amount
- Our next webinar: Seasonal Market Outlook
- Wednesday, March 26, 2025
- Look for your email invite, or sign up now on mckeany-flavell.com
- McKeany-Flavell’s 2025 Spring Market Seminar: Industry Trends & Consumption
- Live online event! Free for all clients!
- Wednesday, April 23, 2025
- Visit mckeany-flavell.com to register today!
Host: Michael Caughlan, President & CEO
Expert: Nicole Thomas, Vice President – Information Services
Expert: Eric Thornton, Senior Commodity Advisor
Expert: Kevin Combs, Vice President – Global Sweeteners Specialist
- Outlining risks and impacts in the short- and long-term for grains and softs
- Import tariffs and agricultural products coming in…
- Impact on some edible oil, corn-derivative, cocoa, and sugar markets
- Retaliatory tariffs and agricultural products going out…
- Impact on corn, wheat, soy complex, and meat exports
- Wheat
- Impacts net bearish long term, but regional basis could rise without Canadian wheat imports
- Cocoa
- Cocoa products from Canada subject to “pantry loading” ahead of tariffs—or users pushing out orders to avoid tariffs
- Sugar
- Mexican sugar imports at risk of tariffs—longer-term price implications
- Bearish corn, soybeans, and soybean meal but very supportive for soybean oil
- Smaller and niche edible oil markets most impacted by import tariffs
- Our next webinar: Seasonal Market Outlook
- Wednesday, March 26, 2025
- Look for your invite next week, or sign up now on mckeany-flavell.com
- McKeany-Flavell’s 2025 Spring Market Seminar: Industry Trends & Consumption
- Live online event! Free for all clients!
- Wednesday, April 23, 2025
- Visit mckeany-flavell.com to register today!
Host/Expert: Nicole Thomas, Vice President – Information Services
Expert: Eric Thornton, Senior Commodity Advisor
- Corn
- Acreage near expectations
- Ending stocks to grow
- Will we see growth in consumption in 2025/26?
- Soybeans
- Small reduction in yield
- Ending stocks to decline, but consumption remains a question
- Wheat
- U.S. wheat acreage target vs. 2024
- Some questions around spring wheat acres and yield being too high
- Ending stocks could offer a small surplus
- McKeany-Flavell’s 2025 Spring Market Seminar: Industry Trends & Consumption
- Live online event! Free for all clients!
- Wednesday, April 23, 2025
- Visit mckeany-flavell.com to register today!
Host: Michael Caughlan, President & CEO
Expert: Nicole Thomas, Vice President – Information Services
Expert: Eric Thornton, Senior Commodity Advisor
- Focus:
- What's happening in the sugar industry and with sugar negotiations
- Big question:
- How are negotiations at this year’s Colloquium comparing to the past few years?
- Patient vs. pushing
- Are we seeing the “first buy is the best buy” mentality this year?
- Big topics:
- Upcoming crop outlook
- Tariffs, demand, and weight-loss drugs
- Will the sugar still flow?
- What about sugar-containing products?
- Possible situation with domestic production and consumption?
- It's going to be an interesting round of negotiations over the next few months!
- Shout-out to Craig Ruffolo and Shawn Bingham for their fantastic presentations!
- McKeany-Flavell’s 2025 Spring Market Seminar: Industry Trends & Consumption
- Live online event! Free for all clients!
- Wednesday, April 23, 2025
- Visit mckeany-flavell.com to register
Host: Michael Caughlan, President & CEO
Expert: Kevin Combs, Vice President – Global Sweeteners Specialist
- Wheat
- Assessing winterkill risk on wheat
- HRW: What does the 10-year harvested area average look like?
- How does this winter compare to years past?
- Commodity index funds
- Inflation worries are driving new investor money into commodity index funds
- Top diversified commodity funds are seeing strong growth in new assets
- Update on allocations to agricultural commodities as part of a diversified fund portfolio
- How much have these funds contributed to new long positions in corn, wheat, and sugar futures from last year's lows?
- 2025 International Sweetener Colloquium
- Kicks of this Sunday, Feb. 23
- Seven representatives of McKeany-Flavell will be in attendance
- Watch Craig Ruffolo speak on the North American Sweetener Market Outlook panel on Feb. 24!
- Watch Shawn Bingham speak on Risk Management in Volatile Markets on Feb. 25!
- McKeany-Flavell’s 2025 Spring Market Seminar: Industry Trends & Consumption
- Live online event! Free for all clients!
- Wednesday, April 23, 2025
- Visit mckeany-flavell.com to register
Host: Michael Caughlan, President & CEO
Expert: Eric Thornton, Senior Commodity Advisor
Expert: Shawn Bingham, Director of Commodity Risk Management
- Cocoa arrival numbers and weather tell of a promising season ahead
- Major cocoa and chocolate producers are concerned about how cocoa prices can affect their financial performance and projections for the year
- Q4 2024 grind showed a decline in demand: Will Q1 2025 grind help with the trajectory?
- McKeany-Flavell’s 2025 Spring Market Seminar: Industry Trends & Consumption
- Live online event!
- Wednesday, April 23, 2025
- Registration is now open!
Host: Eric Thornton, Senior Commodity Advisor
Expert: Marilyn Adutwum, Data Analyst
- Corn and soy complex
- USDA leaves U.S. corn/soybean balance sheet unchanged
- Wheat
- Limited changes to note for wheat
- U.S. wheat food demand increases, but was it justified?
- Global endings stocks: How much lower vs. last year?
- Sugar
- Sugar deliveries now compared to last year
- TRQ imports lowered
- McKeany-Flavell’s 2025 Spring Market Seminar: Industry Trends & Consumption
- Live online event!
- Wednesday, April 23, 2025
- Registration is now open!
Host: Michael Caughlan, President & CEO
Expert: Nicole Thomas, Vice President – Information Services
Expert: Eric Thornton, Senior Commodity Advisor
Expert: Kevin Combs, Vice President – Global Sweeteners Specialist
- Jobs number disappoints slightly but revisions to prior months were positive
- Unemployment rate falls to lowest in eight months
- Wage growth is accelerating but will it keep the Fed sidelined?
- Final tariff policy and impact still a big unknown: Leaning towards inflationary?
- McKeany-Flavell’s 2025 Spring Market Seminar: Industry Trends & Consumption
- Live online event!
- Wednesday, April 23, 2025
- Registration is now open!
Host: Kevin Combs, Vice President – Global Sweeteners Specialist
Expert: Shawn Bingham, Director of Commodity Risk Management
- Will Mexico production fall below the 5.094 MMT forecast?
- How tariffs on Mexico may impact sugar trade
- McKeany-Flavell’s 2025 Spring Market Seminar: Industry Trends & Consumption
- Live online event!
- Wednesday, April 23, 2025
- Registration is now open!
Host: Michael Caughlan, President & CEO
Expert: Kevin Combs, Vice President – Global Sweeteners Specialist
- What impacts did we see from the harsh winter weather this week?
- Louisiana cane crop concerns
- Winter wheat threatened
- Rumors of peace negotiations between Russia and Ukraine
- Next week! Don’t miss our Key Ingredients in 2025 webinar
- Wednesday, January 29, 2025 at 11 am PT / 2 pm ET
- Register now at mckeany-flavell.com or look for your invite starting next week
Host: Kevin Combs, Vice President – Global Sweeteners Specialist
Expert: Eric Thornton, Senior Commodity Advisor
- December jobs boost economic expectations
- December FOMC points to higher inflation and fewer rate cuts
- Policy decisions to ban future oil drilling and add new sanctions to Russia, along with threats from Canada, spike crude prices
- January WASDE bullish to grain market?
- No shortage of volatility ahead of next Monday’s Inauguration Day!
- Our next webinar: Key Ingredients in 2025
- Wednesday, January 29, 2025 at 11 am PT / 2 pm ET
- Register now at mckeany-flavell.com or if you’re a client, look for an invite in your inbox
Host: Nicole Thomas, Vice President – Information Services
Expert: Shawn Bingham, Director of Commodity Risk Management
- Corn and soy complex
- USDA surprises with reduced U.S. production for corn, soybeans
- Domestic soybean oil balance sheet is likely more ominous than ending stocks would indicate
- Wheat
- Winter wheat acres on the rise! Up how much from 2024?
- Grain stocks and WASDE about as expected
- Sugar
- Beet production increased
- A boost to stocks-to-use ratio
- Our next webinar: Key Ingredients in 2025
- Wednesday, January 29, 2025 at 11 am PT / 2 pm ET
- Register now at mckeany-flavell.com or look for your invite starting next week
- Our thoughts and prayers are with those affected by the LA fires
Host: Michael Caughlan, President & CEO
Expert: Nicole Thomas, Vice President – Information Services
Expert: Eric Thornton, Senior Commodity Advisor
Expert: Kevin Combs, Vice President – Global Sweeteners Specialist
- Commodity trading advisor (CTA) assets under management
- Down from 2022 peak but still significant
- Large CTAs trade as many as 250 futures contracts globally
- Which category manages the majority of assets?
- Between January 2021 and February 2024, fund managers rode corn from record-long to record-short positions
- How many contracts did they sell?
- How were speculators positioned in last year's soybean oil market?
- Lack of speculator liquidity likely helped fuel cocoa rally in 2024
- Mark your calendars for our next webinar! Not to be missed!
- Key Ingredients in 2025
- January 29, 2025 11am PT / 2pm ET
- Registration opens soon at mckeany-flavell.com
Host: Michael Caughlan, President & CEO
Expert: Shawn Bingham, Director of Commodity Risk Management
- Corn
- Corn acres will go up on better returns than soybeans
- Feed demand may shrink due to continued issues of avian flu
- Exports are being front-loaded but could stall in the second half
- Could ending stocks equal 2024?
- Sugar
- At what prices will sugar futures be trading in 2025?
- Strong supplies and slightly lower demand in 2025 to pressure 2026 contracting, but by how much?
- Wheat
- Ditto or status quo on 2025 vs. 2024?
- What to expect from 2025/26 U.S. stocks surplus, as well as global stocks
- Expectations for 2025/26 U.S. wheat exports
- Two more countries will approve HB4 GMO wheat: Guesses as to who
- Soy complex & edible oils
- Prevailing prediction: Volatility!
- Uncertain biofuel and economic pictures provide a broad range of price possibilities
- Does avian flu spreading to mammals fill more of the conversation in 2025?
- Economy & energy
- Let’s talk basis cuts from the Fed
- How will the CPI and GDP hold up?
- Observations for WTI crude oil: What to expect
- Happy New Year!
Host: Michael Caughlan, President & CEO
Expert: Craig Ruffolo, Vice President – Commodity Specialist
Expert: Kevin Combs, Vice President – Global Sweeteners Specialist
Expert: Eric Thornton, Senior Commodity Advisor
Expert: Nicole Thomas, Vice President – Information Services
Expert: Shawn Bingham, Director of Commodity Risk Management
Find a warm, cozy spot and listen to Nicole showcase her annual holiday poem, as only she can do.
Happy Holidays!
Host: Michael Caughlan, President & CEO
Expert: Nicole Thomas, Vice President – Information Services
- U.S. winter wheat crop conditions are strong heading into winter
- Is La Niña still forecasted?
- Speculators may liquidate hefty short positions
- Russia/Ukraine war full of uncertainty and will enhance volatility
- What to expect from commodities in 2025?
- Keep an eye out for our 2025 predictions podcast coming to you soon!
Host: Michael Caughlan, President & CEO
Expert: Eric Thornton, Senior Commodity Advisor
- Wheat
- Wheat exports increase
- Stocks fall
- Soy complex
- Soybean balance sheet unchanged for U.S.
- Global stocks still huge
- Corn
- Production down globally
- Stronger use for corn in the U.S.
- How’s ethanol demand looking?
- Sugar
- USDA raises import level: How disappointed will Mexico be?
- Believe it or not, the International Sweetener Colloquium is right around the corner! (February 23-26, 2025): See you there!
- Keep an eye out for our 2025 predictions podcast! Coming to you soon.
Host: Michael Caughlan, President & CEO
Expert: Eric Thornton, Senior Commodity Specialist
Expert: Kevin Combs, Vice President – Global Sweeteners Specialist
- Market fundamentals
- Global markets
- European production issues for crops
- Domestic markets
- Latest crush report shows 10-year lows
- Global markets
- How likely are we to see sustained price relief for vegetable oils?
- The incoming U.S. administration spells lots of uncertainty
- Biofuel policy, imports, tariffs, and even TikTok
- Used cooking oil and its effect on soybean oil usage in biofuels
- Interested in learning more about coconut oil products?
- Head over to mckeany-flavell.com to watch our video, “Going Coconuts”!
Host: Michael Caughlan, President & CEO
Expert: Nicole Thomas, Vice President – Information Services
- Contracting is nearing its completion
- Results are a mixed bag
- Corn prices were not a factor
- Product demand assisted in price offers for 2025
- Wet mill operations show little change
- New production at Ft. Dodge and Shenandoah
- 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!
- Happy Thanksgiving!
Host: Shawn Bingham, Director of Commodity Risk Management
Expert: Craig Ruffolo, Vice President – Commodity Specialist
- Little change in total U.S. herd: Where are we sitting now?
- Yield or productivity per cow at the farm level
- How has total milk output been measured on a cumulative YTD basis through October?
- Missed our webinar on Wednesday? Watch now on IQ!
- Revisiting Systematic Timing Models: A Secret Weapon for Procurement Risk Management
- Not an IQ subscriber but want to learn more? Reach out to McKeany-Flavell to find out how an IQ subscription can benefit you and your company today.
Host: Michael Caughlan, President & CEO
Expert: Jeffrey Rasinski, Consultant
- Weather
- NOAA’s latest odds of a La Niña are declining: Will it actually arrive?
- Winter weather expectations may not be as threatening to crops like wheat
- The markets
- CPI sees three consecutive months of increases
- How much did the PPI move over the last three months?
- Fed Powell surprises market with hawkish comments
- Don’t forget to register for next Wednesday’s webinar!
- Revisiting Systematic Timing Models: A Secret Weapon for Procurement Risk Management
- November 20, 11am PT / 2pm ET
- Register at mckeany-flavell.com today!
Host/Expert: Shawn Bingham, Director of Commodity Risk Management
Expert: Eric Thornton, Senior Commodity Advisor
- Sugar
- USDA adjusts for early harvest sugar
- Shifts in old crop numbers
- Wheat
- Few changes for wheat, global stocks remain steady at 257 MMT
- Shout out to Kazakhstan with a 2 MMT increase to production!
- Corn & Soy Complex
- Both U.S. corn and soybean yields reduced (and much more for the latter).
- Ending stocks of soybean oil growing more ominous for 2024/25
Register for our next webinar on November 20, 2024 at 2:00 PM ET!
Revisiting Systematic Timing Models
Visit mckeany-flavell.com to reserve your seat today!
Host/Expert: Nicole Thomas, Vice President – Information Services
Experts: Kevin Combs, Vice President – Global Sweeteners Specialist
Eric Thornton, Senior Commodity Advisor
- With hefty chocolate prices scaring consumers, will we see a bias for sugar-based confectionery treats?
- Prices at the grocery store: Chocolate candies vs. sugar, candy, and gum
- Retailers are promoting more aggressively to move products
- Will price increases continue to insulate most companies on earnings/sales?
- Mark your calendars for our next webinar!
- Revisiting Systematic Timing Models with Dir. of Risk Management, Shawn Bingham
- Wednesday, Nov. 20, 2024
- Registration opens week of Nov. 4 at mckeany-flavell.com
- Clients check your inboxes
Host: Michael Caughlan, President & CEO
Expert: Jeffrey Rasinski, Consultant
- Weather trending more bullish by the month for wheat
- U.S. wheat exports up YOY, but pace is slowing
- Global supply tightening leading to elevated edible oils prices
- Geopolitical factors, election outcome, and consumer behavior are impactful unknowns for vegetable oil consumption
- 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!
- Missed this week's Fall Market Outlook webinar? If you're an IQ subscriber, watch it now on the IQ Platform!
- Not a subscriber? Reach out for a trial subscription today!
Host/Expert: Eric Thornton, Senior Commodity Specialist
Expert: Nicole Thomas, Vice President – Information Services
- 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
- 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
- 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
- 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
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
-
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
- 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?
- The old crop is finalizing, while the new crop is just getting started
- 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
- 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!
- All industrial buyers and consumers of corn-derived products, as well as investors in that field,
- 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
- 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
- What’s the global oilseed outlook for 2024/25?
- How are prices trending?
- Coverage advice
- Avian flu observations
- Impact on feed consumption?
- 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!
Host: Michael Caughlan, President & CEO
Expert: Nicole Thomas, Vice President – Information Services
- Wheat
- Wheat acres take a big hit!
- Ending stocks drop but still up vs. last year
- Corn and soy complex
- Soy snatches acreage from corn brethren!
- But do both appear amply supplied for 2024/25?
- Sugar
- 2024/25 beet production increased to a new record
- Old crop and new crop sugar deliveries for food use 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!
Host: Michael Caughlan, President & CEO
Expert: Eric Thornton, Commodity Specialist
Expert: Nicole Thomas, Vice President – Information Services
Expert: Kevin Combs, Vice President – Global Sweeteners Specialist
- Farm Bill
- Possible to get this passed before the November elections?
- Beet sugar
- Harvest for 2024/25 crop is upon us!
- Signs of a sizable crop?
- Cane sugar
- Florida crop predictions: Could it surpass Louisiana?
- 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!
Host: Michael Caughlan, President & CEO
Expert: Craig Ruffolo, Vice President – Commodity Specialist
- Dairy operators
- Trends in the herd
- What are the current conditions they’re facing?
- July milk production report
- Shedding any light?
- 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: Craig Ruffolo, Vice President – Commodity Specialist
Expert: Jeffrey Rasinski, Consultant
- Kicking off the Olympics today with the McKeany-Flavell Global Commodity Dash!
- The history of the Olympic rings and the regions that each ring represents:
- Europe, Asia, Africa, Australia, and America
- What's topical from a macro and micro commodity perspective for each region?
- Production, supply, demand, economics, prices, and more
- Don’t forget to register for our next webinar!
- Wheat Market Update on July 31, 2024
- Look for your email invite or register directly at mckeany-flavell.com
Host/Expert: Shawn Bingham, Director of Risk Management
Expert: Eric Thornton, Commodity Specialist
- Risk and opportunity identification
- State of the market
- Potential outside forces
- Create and execute a plan
- Measure performance
- Mark your calendar for our next webinar!
- Wheat Market Update
- Wednesday, July 31
- Registration opens July 17, watch your email or visit mckeany-flavell.com
Host: Michael Caughlan, President & CEO
Expert: Shawn Bingham, Director of Risk Management
- Sugar
- 2023/24 ending stocks increased
- Beet sugar increased for both old and new crop
- Wheat
- USDA blew away expectations with big increases to wheat production
- Wheat ending stocks now largest since 2019/20
- Global stocks rise, but not likely to hold
- Corn
- Feed category providing its usual late-season surprise for corn
- Soy complex
- Global soybean balance sheet suggests bearishness for the foreseeable future
- Don’t forget to register for our next webinar!
- Wheat Market Update on July 31, 2024
- Registration opens July 17, watch your email or visit mckeany-flavell.com
Host: Michael Caughlan, President & CEO
Expert: Kevin Combs, Vice President – Global Sweeteners Specialis
Expert: Eric Thornton, Commodity Specialist
Expert: Nicole Thomas, Vice President – Information Services
- How have consumers been handling food inflation?
- What might food manufacturers do to respond?
- Is there a light at the end of the tunnel?
- Mark your calendar for our next webinar!
- Wheat Market Update
- Wednesday, July 31
- Registration opens July 17, watch your email or visit mckeany-flavell.com
Host: Michael Caughlan, President & CEO
Expert: Nicole Thomas, Vice President – Information Services
- Corn steals the show with an increase in acres!
- What’s the number?
- Higher corn acreage pencils stocks-to-use in at over 15%
- Did corn producers take advantage of the June seasonal rally?
- March to June stocks change suggests they did not
- Farmers still have full grain bins
- What does that mean for any price rallies?
- Soybean acres take a hit
- How does that leave the balance sheet looking?
- McKeany accurately hits the wheat stocks estimate!
- Mark your calendar for our next webinar!
- Wheat Market Update
- Wednesday, July 31
- Registration begins July 17: Watch your email or visit mckeany-flavell.com
Host: Jeffrey Rasinski, Consultant
Expert: Eric Thornton, Commodity Specialist
Expert: Shawn Bingham, Director of Risk Management
- Update on the U.S. winter wheat harvest and spring wheat conditions
- Russia’s crop bigger than expected?
- U.S. exports are strong
- Up 25% YOY
- Don’t forget to register for our next webinar!
- Summer Market Outlook on June 26, 2024
- Look for your email invite or register directly at mckeany-flavell.com
Host: Michael Caughlan, President & CEO
Expert: Eric Thornton, Commodity Specialist
- Will Brazilian sugar share surpass 50% this year?
- Is world market becoming too reliant on Brazil?
- Upcoming monsoonal rainfall key to production in India and Thailand
- Our next webinar is coming up!
- Summer Market Outlook on June 26, 2024
- Look for your email invite or register directly at mckeany-flavell.com
Host: Michael Caughlan, President & CEO
Expert: Kevin Combs, Vice President – Global Sweeteners Specialist
- June WASDE is the “appetizer before the entrée”
- No major changes
- All eyes on the Jun. 28 Acreage report
- Wheat
- U.S. wheat exports on the rise as Black Sea output falls
- Corn / Soy Complex
- No changes to U.S. corn
- Small true-ups in soy complex
- Sugar
- Current crop beet sugar production lowered
- High-tier imports increased for current and new crop
- Mexico ending stocks up: Bearish!
- Don’t forget to register for our next webinar!
- Summer Market Outlook on June 26, 2024
- Look for your email invite or register directly at mckeany-flavell.com
Host/Expert: Kevin Combs, Vice President – Global Sweeteners Specialist
Expert: Eric Thornton, Commodity Specialist
- Weather’s been good, but you never know!
- Biofuel production to grow in 2024/25
- No exports? Not just yet…
- Don’t forget to register for our next webinar!
- Summer Market Outlook on June 26, 2024
- Look for your email invite or register directly at mckeany-flavell.com
Host/Expert: Eric Thornton, Commodity Specialist
Expert: Nicole Thomas, Vice President – Information Services
- Will Mexico imports reach 650,000 MT?
- June is the start of the rainy season, but will we get any rain this summer?
- The 2024/25 production forecast
- How does this affect HFCS heading to Mexico?
- Our next webinar:
- Summer Market Outlook on June 26, 2024
- Look for your email invite or register directly at mckeany-flavell.com
Host: Michael Caughlan, President & CEO
Expert: Kevin Combs, Vice President – Global Sweeteners Specialist
- Weather has improved!
- What does that mean for the tail end of the mid-crop and pod setting for next year’s main crop?
- Cocoa bean arrivals continue to lag, but have they been under reported?
- Why have Coffee and Cocoa Council (CCC) suspended operations for 40 coops?
- Mark your calendar for our next webinar!
- Summer Market Outlook webinar
- Wednesday, June 26
- First wave of invites going out June 12
Host: Michael Caughlan, President & CEO
Expert: Jeffrey Rasinski, Consultant
- PPI: inflation is too hot!
- CPI: is inflation cooling too fast?
- Jobs growth slowed markedly
- What’s unemployment doing?
- What to expect for future inflation after bottoming in December
- Market's rate cut expectations holding steady this week, but is this counter to the Fed’s own statements?
- Next webinar is on Wednesday!
- Dairy Market Update on Wednesday, May 22, 2024
- Check your email for your invite or register at mckeany-flavell.com
Host: Michael Caughlan, President & CEO
Expert: Shawn Bingham, Director of Risk Management
- Well attended event put on by the National Confectioners Association
- Lots of sour going on!
- Freeze-dried candy: What was Mike’s favorite?
- Talk from all of the chocolate companies
- Switching from chocolate to compound?
- Using less amount on the product?
- And the winner of this year’s Candy Industry Kettle Award goes to…
- Our next webinar:
- Dairy Market Update on May 22, 2024
- Check your email for your invite or register at mckeany-flavell.com
Host/Expert: Michael Caughlan, President & CEO
- Wheat
- New crop 2024/25 U.S. wheat largely as expected
- Global stocks remain at a deficit
- Will it struggle to hit USDA’s estimate?
- Corn
- Global balance sheet seemingly growing more portentous?
- Baby steps!
- Soy complex
- U.S. soybean, soybean oil picture for 2024/25 suggests loosening stocks scenario
- A quick note on soybean meal
- Sugar
- Not many supply-side changes expected for production
- New crop 2024/25 showing good numbers
- Expecting healthy increases?
- No growth: What’s driving that?
- Don’t forget to register for our next webinar!
- Dairy Market Update on May 22, 2024
- Look for your email invite or register directly at mckeany-flavell.com
Host: Michael Caughlan, President & CEO
Expert: Eric Thornton, Commodity Specialist
Expert: Nicole Thomas, Vice President – Information Services
Expert: Kevin Combs, Vice President – Global Sweeteners Specialist
- How does the world sugar market affect the U.S. market?
- We’re at the lower range: Where do we go from here?
- Brazil sugar
- Expected record crop, but has that been walked back?
- India and Thailand sugar
- Will we see any more downside with the monsoon season coming soon?
- Our next webinar:
- Dairy Market Update on May 22, 2024
- Check your email or register at mckeany-flavell.com beginning May 8
- McKeany-Flavell’s Spring Market Seminar videos available soon!
- Registered attendees will have unlimited access
- Didn't attend but interested in purchasing the seminar on video? Contact us and we’ll set you up!
- Did you know McKeany-Flavell offers educational courses? Learn the foundational aspects of the commodity markets through our Corn & Corn Sweeteners, Sugar, Edibles Oils, Cocoa, Wheat, Energy, Futures & Options, and Strategic Sourcing 101 courses! Contact us to learn more!
Host: Michael Caughlan, President & CEO
Expert: Kevin Combs, Vice President – Global Sweeteners Specialist
- Corn plantings and the five-year average
- What states are leading in soybean plantings?
- Where sugar beet plantings stand in the Red River Valley
- Our next webinar:
- Dairy Market Update on May 22, 2024
- Check your email or register at mckeany-flavell.com beginning May 8
- McKeany-Flavell’s Spring Market Seminar videos available soon!
- Registered attendees will have unlimited access
- Didn't attend but interested in purchasing the seminar on video? Contact us and we’ll set you up!
Host: Michael Caughlan, President & CEO
Expert: Craig Ruffolo, Vice President – Commodity Specialist
- A status check on winter wheat conditions and the latest weather
- Are concerns brewing?
- Prices largely still stuck in a sideways trading range
- Global wheat production estimates are trending slightly lower
- That’s a wrap! McKeany-Flavell’s 2024 Spring Market Seminar is done!
- A special thanks to our wonderful guest speaker, Christian Moeller, Co-Founder, CEO & President of Lionheart Farms
- Digital versions available next week for registered attendees
- Didn't attend but interested in purchasing the seminar on video? Contact us and we’ll set you up!
Host: Shawn Bingham, Director of Risk Management
Expert: Eric Thornton, Commodity Specialist
Movers and Shakers
Technology. Sustainability. Opportunity.
Host: Michael Caughlan, President & CEO
Expert: Nicole Thomas, Vice President – Information Services
Expert: Eric Thornton, Commodity Specialist
Expert: Jeffrey Rasinski, Consultant
- Corn
- Global corn stocks under pressure: More to come?
- USDA vs. CONAB: Cage match!
- Soy complex
- Domestic soybean stocks keep growing
- And soybean oil too!
- What to watch for moving forward
- Wheat
- Wheat feed demand cut
- Good news for hard red spring wheat buyers!
- Sugar
- Beet sugar lowered on concern of warm temps in Midwest
- Mexico imports down: Production concerns?
- Sugar negotiations for 2024/25 progressing
- McKeany-Flavell’s Spring Market Seminar: Movers & Shakers
- Next Wednesday! April 17, 2024
- Register at mckeany-flavell.com
- Better hurry! Seats are filling up fast!
- Available to attend online as well.
Host: Michael Caughlan, President & CEO
Expert: Nicole Thomas, Vice President – Information Services
Expert: Eric Thornton, Commodity Specialist
- How many jobs were created last month?
- It’s a substantial number
- Unemployment edged down
- Average hourly earnings: Is it covering inflation?
- Fed cuts still likely
- McKeany-Flavell’s Spring Market Seminar: Movers & Shakers
- In less than two weeks! April 17, 2024
- Register at mckeany-flavell.com
- Better hurry! Seats are filling up fast!
Host: Kevin Combs, Vice President – Global Sweeteners Specialist
Expert: Shawn Bingham, Director of Risk Management
- Corn and soybeans
- Corn shocker!
- Soybean, not so much
- Wheat
- A surprise in acreage
- Which wheat class is at a six-year high?
- Sugar
- Acreage numbers are curiously down; find out why
- McKeany-Flavell’s Spring Market Seminar: Movers & Shakers
- April 17, 2024
- Register at mckeany-flavell.com
- Hurry! Seats are filling up fast!
Host: Shawn Bingham, Director of Risk Management
Expert: Nicole Thomas, VP – Information Services
- Who is Lionheart Farms and what do you do?
- The down-low on coconut sap: A unique ingredient!
- What makes coconut palm one of the most efficient crops?
- What can users of coconut products expect in 2024?
- Mark your calendars!
- Upcoming webinar: Spring Market Outlook Webinar
- Tomorrow! Wednesday, March 27, 2024
- Register at mckeany-flavell.com
- McKeany-Flavell’s Spring Market Seminar coming April 17, 2024!
- Register at mckeany-flavell.com
- Seats are filling up fast!
- Upcoming webinar: Spring Market Outlook Webinar
Host: Nicole Thomas, VP - Information Services
Expert: Christian Moeller, Co-Founder, CEO & President, Lionheart Farms
Email: cem@lionheartfarms.com.ph
- NIOP (March 17-19, Las Palmas, CA)
- Attended by Nicole and Marilyn
- The National Institute of Oilseed Products
- Renewable diesel update
- Soybean oil: Food vs. fuel
- Western Candy Conference (March 20-24, Scottsdale, AZ)
- Attended by Mike and Kevin
- Lots going on with 3-D printing
- Commodities panel
- What’s the latest on sugar 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: Spring Market Outlook Webinar
- Wednesday, March 27
- Register now at mckeany-flavell.com
- McKeany-Flavell’s Spring Market Seminar coming April 17, 2024!
Host: Michael Caughlan, President & CEO
Expert: Nicole Thomas, Vice President – Information Services
Expert: Kevin Combs, Vice President – Global Sweeteners Specialist
Expert: Marilyn Adutwum, Analyst
- Hot trends seen at this year’s expo
- Products that were MIA
- The hot, new innovative products coming to market soon
- Keep an eye out for your McKeany-Flavell rep next week:
- 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!
- Register at mckeany-flavell.com
- Our next webinar: Spring Market Outlook Webinar
- Wednesday, March 27
- Register at mckeany-flavell.com
- McKeany-Flavell’s Spring Market Seminar coming April 17, 2024!
Host: Michael Caughlan, President & CEO
Co-host: Pete Church, Director of Marketing
- 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
- McKeany-Flavell’s Spring Market Seminar coming April 17, 2024!
Host: Michael Caughlan, President & CEO
Expert: Nicole Thomas, Vice President – Information Services
Expert: Kevin Combs, Vice President – Global Sweeteners Specialist
- 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
- Upcoming webinar: Spring Market Outlook Webinar
Host: Michael Caughlan, President & CEO
Expert: Brian Moscogiuri, Global Trade Strategist, Eggs Unlimited
Email: bmosc@eggsunlimited.com
- 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
- Upcoming webinar: Spring Market Outlook Webinar
Host: Michael Caughlan, President & CEO
Expert: Kevin Combs, Vice President – Global Sweeteners Specialist
- 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
- 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
- McKeany-Flavell’s Spring Market Seminar coming April 17, 2024!
Host: Michael Caughlan, President & CEO
Expert: Jeffrey Rasinski, Consultant
- 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
- Only a few changes for wheat
- 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
- McKeany-Flavell’s Spring Market Seminar coming April 17, 2024!
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
- 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
- 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
- McKeany-Flavell’s Spring Market Seminar coming April 17, 2024!
Host: Shawn Bingham, Director of Risk Management
Expert: Kevin Combs, Vice President – Global Sweeteners Specialist
- 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
- McKeany-Flavell’s Spring Market Seminar coming April 17, 2024!
Host: Michael Caughlan, President & CEO
Special guest: Samantha Yap, Director of Sales, PanaSource Ingredients
Email: samantha@panasourceusa.com
- 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!
- McKeany-Flavell’s Spring Market Seminar coming April 17, 2024!
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
- December jobs growth surprises
- Beating estimates!
- U.S. economy job production numbers
- What may keep the Fed on hold a little longer
- Rate cuts are still a “when” not an “if”
- When will cuts most likely be seen?
- McKeany-Flavell’s Spring Market Seminar coming April 17, 2024!
- Registration opens Jan. 10 on mckeany-flavell.com
Host: Michael Caughlan, President & CEO
Expert: Shawn Bingham, Director of Risk Management
- Dairy
- Herd will eventually stabilize and start to grow again
- We will begin 2024 with 50,000 fewer heifers than we did in 2023
- Milk output will begin to grow again by spring flush
- Buyers should be defensive and buy into weakness to extend coverage
- Cocoa
- Fundamentals are only now starting to catch up to the price move we have already seen
- Lag in arrivals and projected deficit is growing as we near the mid-point of the main-crop
- More price increases by large branded companies are expected as cocoa continues to trade at 47-year highs
- High prices will cause demand destruction manifest in retail sales figures
- Economy & energy
- First rate reduction at June FOMC: 100bp total 2024
- Core CPI falls to 3% and holds
- GDP averages closer to 1%, maybe a slight negative quarter mixed in
- S&P makes new record high, but returns come back down to earth in the 6-8% range
- Crude oil breaks the $68 soft floor and averages $65 despite an EIA forecast of $78
- Sugar
-
11 sugar will trade up to mid-20s before coming back to current levels
-
16 market will remain just below High Tier imports
- 2025 sugar negotiations will mirror 2024 negotiations
-
- Corn
- Acreage may lose to soybeans
- Ethanol demand stalls
- Exports robust
- Ending stocks remain over 2.0 billion bushels
- Wheat
- U.S. crop to reach 2 billion bushels next year, despite fewer planted acres
- Global stocks recover: 267 to 270 MMT
- La Niña watch in late 2024
- Edible oils
- Soybean oil use for biofuel to reach or surpass 13.4 billion lbs
- Despite this, soybean oil futures may finally meet their “new normal”: listen for that number!
- McKeany-Flavell’s Spring Market Seminar coming April 17, 2024!
- Mark your calendars, registration opens in January!
- Happy New Year!
Host: Michael Caughlan, President & CEO
Expert: Jeffrey Rasinski, Consultant
Expert: Shawn Bingham, Director of Risk Management
Expert: Kevin Combs, Vice President – Global Sweeteners Specialist
Expert: Craig Ruffolo, Vice President – Commodity Specialist
Expert: Eric Thornton, Commodity Specialist
Expert: Nicole Thomas, Vice President – Information Services
Grab your hot cocoa, sit back, and enjoy this year's McKeany-Flavell holiday poem. Happy Holidays!
Host: Michael Caughlan, President & CEO
Expert: Nicole Thomas, Vice President – Information Services
- Innovations that are solving challenges in the candy industry
- The brilliance of gummy vitamins
- MCT oils: What are they?
- The shift in edible oils and respective availability
- Western Candy Conference: March 20-24, 2024
- Come join us!
- Registration available at Western Candy Conference
- Reach out to AJ at Khoury@capol-group.com
Host: Michael Caughlan, President & CEO
Guest: AJ Khoury, Technical Dir. of Sales, Capol
- Corn, soy complex, and wheat
- No major change to grains balance sheet
- Sugar
- Sugar imports increased
- Stocks-to-use at only 12.8%, below the target 13.5%
- High-tier imports raised massively
- Mark your calendars!
- Spring Market Seminar: April 17, 2024
- Le Méridien Chicago - Oakbrook, IL
- Registration opens January 2024
Host: Michael Caughlan, President & CEO
Expert: Kevin Combs, Vice President – Global Sweeteners Specialist
Expert: Craig Ruffolo, Vice President – Commodity Specialist
- Wheat
- Best winter wheat planting conditions since 2019
- Optimism for better yields and production weighs on prices
- Sugar
- USDA adjusts raw sugar TRQ
- Mark your calendars!
- Spring Market Seminar: April 17, 2024
- Le Méridien Chicago - Oakbrook, IL
- Registration opens January 2024
Host: Michael Caughlan, President & CEO
Expert: Eric Thornton, Commodity Specialist
- Unpacking the cost of a Thanksgiving Day meal
- Estimates vs. reality
- Nicole carves those numbers up!
- Fashion advice for the big day
- Football friends and foes
- Coping strategies for problem family members
- Wishing you a safe and happy Thanksgiving holiday!
Host: Michael Caughlan, President & CEO
Expert: Nicole Thomas, Vice President – Information Services
- U.S. crude oil hits record monthly production
- Operational oil rigs are 25% fewer?
- U.S. per capita gasoline demand and consumption expectations
- The impact of fuel efficiency and EVs
- The effect renewable diesel and SAF will have on feedstock usage
-
Become a subscriber to McKeany-Flavell's IQ Ingredient Intelligence platform!
- Schedule a demo today
Host: Michael Caughlan, President & CEO
Expert: Shawn Bingham, Director of Risk Management
- Wheat
- USDA finally gets on par with changes to Indian and Russian production
- U.S. balance ending stocks rise 14 million bushels
- Corn & soy complex
- USDA revises corn, soybean yield higher
- Tight stocks get tighter
- 2022/23 strong year for soybean oil in biofuel setting up lower stocks for 2023/24
- Sugar
- Beet crop raised to record 5.363 million STRV
- USDA states they now recognize high-tier imports are important part of supply under current market conditions
- Next week's webinar: Energy Markets Update with Shawn Bingham and Jeff Rasinski
- Wednesday, Nov. 15, 2023, 11am PT / 2pm ET
- Register now at mckeany-flavell.com
Host: Nicole Thomas, Vice President – Information Services
Expert: Eric Thornton, Commodity Specialist
Expert: Kevin Combs, Vice President – Global Sweeteners Specialist
- Weather in the U.S. and South America will have a heavy influence on production expectations for grains
- Watch the #11 sugar market: Is it possible to see even higher prices?
- West Africa cocoa production will either confirm or debunk supply concerns currently in the news
- Quick picks on energy ahead of webinar
- Next webinar: Energy Markets Update with Shawn Bingham and Jeff Rasinski
- Wednesday, Nov. 15, 2023, 11am PT / 2pm ET
- Register now at mckeany-flavell.com
Host: Michael Caughlan, President & CEO
Expert: Eric Thornton, Commodity Specialist
- Draught in Mexico reducing cane prospects
- U.S. beet and cane harvest update
- Red River Valley and Florida look great
- Texas is suffering from drought
- What will the USDA do?
- Mark your calendars for our next webinar on the energy market
- Wednesday, Nov. 15, 2023, 11am PT / 2pm ET
- Be on the lookout for your invite coming soon!
Host: Michael Caughlan, President & CEO
Expert: Kevin Combs, Vice President – Global Sweeteners Specialist
- Cocoa and chocolate
- Q3 cocoa grind deteriorates further
- North America suffers worst reported Q3 grind in past 15 years
- Soybean oil
- Soybean oil futures may “rise from the dead”?
- Strength in soybean oil consumption: providing a jump scare down the road!
Host/Expert: Nicole Thomas, Vice President – Information Services
Expert: Jeffrey Rasinski, Consultant
- Corn and soy complex
- Lower yields expected and were delivered for both
- Wheat
- U.S. wheat production bucks trend of global reduction
- Sugar
- 2022/23 US sugar imports lowered 154,000 STRV
- 2023/24 production lowered 12,000 STRV as lower beet production mostly offset by higher cane production
- 2023/24 ending stocks lowered 157,000 STRV
- Next Wednesday! Join us for our Fall Market Outlook webinar
- Wednesday, Oct. 18, 2023, 11am PT / 2pm ET
- Register now at mckeany-flavell.com
Host: Kevin Combs, Vice President – Global Sweeteners Specialist
Expert: Craig Ruffolo, Vice President – Commodity Specialist
- Non-farm jobs jump 336,000 in September, beating estimates by 166,000!
- July and August revised higher, an indicator for potential increased wage inflation
- Fed funds increased the chance of a Nov. 1 rate hike from 20 to 30%
- Triple whammy of bearish energy news this week
- Crude oil falls more than $7 per barrel
- Relief for soybean oil buyers, but the downside still remains mostly limited
- Don’t forget to register for our Fall Market Outlook webinar!
- Wednesday, October 18, 11 am PT / 2 pm ET
- Invites are in your inbox, or register at mckeany-flavell.com
Host: Michael Caughlan, President & CEO
Expert: Shawn Bingham, Director of Risk Management
- Corn
- Carry-in lowered for 2023/24
- A surprise reduction in production
- Soy complex
- Soybean stocks up from September WASDE projections
- Causing a ripple effect through the soy complex
- Soybean oil: Good opportunity for futures coverage?
- Soybean stocks up from September WASDE projections
- Wheat
- Big surprise for wheat!
- Yield increase well outweighs harvested acre decline
- Stocks as expected at 178 billion bushels
- Big surprise for wheat!
- Next webinar: Fall Market Outlook
- Mark your calendars: Wednesday, Oct. 18, 2023, 11am PT / 2pm ET
- Invites coming soon!
- Carry-in lowered for 2023/24
Host: Michael Caughlan, President & CEO
Expert: Nicole Thomas, Vice President – Information Services
Expert: Eric Thornton, Commodity Specialist
- Planting has begun for winter wheat and the 2024/25 crop year
- More acres anticipated for hard red winter wheat
- Why germination could be different this Fall
- Long-term outlook is promising
- Still risk and weather to work through
- Upcoming webinar: Fall Market Outlook!
- Mark your calendars: Wednesday, Oct. 18, 2023, 11am PT / 2pm ET
Host: Michael Caughlan, President & CEO
Expert: Eric Thornton, Commodity Specialist
- Two weeks away from the new 2023/24 cocoa crop year
- Ghana has already opened its new season: Why?
- Farmgate prices have increased
- Competition is heating up between the different origin countries
- Save the date for our 2024 Spring Seminar!
- Wed., April 17, 2024
- Oakbrook, IL
- More details to follow: Be on the lookout!
Host: Eric Thornton, Commodity Specialist
Expert: Jeffrey Rasinski, Consultant
- Wheat
- No changes to the U.S. balance sheet
- Global production and stocks are down
- Ukraine production is up: Impressive given the war
- Corn
- USDA finds more acreage: Magic!
- Minor reduction to carry-in
- Look to the Grain Stocks report out end-of-month for a better idea on 2022/23 consumption
- Have we reached a soft floor for Dec-23 corn futures?
- Soybeans
- USDA finds more acreage here, too: More magic!
- Yield, production, and crush all lowered
- Predictions for total increased soybean meal
- Weaker exports in 2023/24?
- Soybean oil
- Battle between oil and meal for crush continues!
- Ending stocks? Wait until consumption for 2022/23 has been finalized
- Soybean oil prices: What to focus on
- Sugar
- Plenty of fireworks to see here!
- Production raised beyond Kevin’s expectations
- Louisiana production lowered to 2019/20 levels
- High-tier exports increased to craziness
- Are sugar deliveries back to pre-COVID levels?
- Mexico gets a haircut on its quota
- Don’t miss tomorrow’s webinar!
- Inflation and the Economy webinar with Shawn Bingham
- Wednesday, Sep. 13, 2023, 11am PT / 2pm ET
- Go to mckeany-flavell.com to register!
- Plenty of fireworks to see here!
Host: Michael Caughlan, President & CEO Expert: Nicole Thomas, Vice President – Information Services Expert: Kevin Combs, Vice President – Global Sweeteners Specialist
- Commodity prices across the board are well above their long-term median prices
- Energy, weather and geo-political events have pushed most into the top quartile of their historical ranges
- The top 5 as ranked today versus the last 20-years are mostly driven by input costs as well as demand for biofuel
- Food inflation may change consumer habits but there are few cost avoidance alternatives
- Upcoming webinar: Inflation and the Economy with Shawn Bingham
- Wednesday, Sep. 13, 2023, 11am PT / 2pm ET
- Register by clicking here!
Host: Michael Caughlan, President & CEO Expert: Shawn Bingham, Director of Risk Management
- Florida and Louisiana cane crops are spared from Hurricane Idalia
- Beet sugar harvest is ready to get started
- Sugar deliveries flat YOY for first 9 months of 2022/23 crop
- Bulk sugar deliveries are down 4%
- Liquid sugar deliveries are up 3%
- Upcoming webinar: Inflation and the Economy with Shawn Bingham
- Wednesday, Sep. 13, 2023, 11am PT / 2pm ET
- Register by clicking here!
Host: Michael Caughlan, President & CEO
Expert: Craig Ruffolo, Vice President – Commodity Specialist
- The Pro Farmer crop tour and why it's important
- A boots-on-the-ground look at crops in over seven states
- What exactly the group measures
- Findings for corn and soybeans
- Takeaways from the 2023 crop tour:
- Main word: Variability
- Record potential in Ohio? Struggles for Minnesota?
- Any shockers?
- Corn market reaction and what lies ahead for yield expectations
- Upcoming webinar on inflation and the economy
- Mark your calendars: Wednesday, Sep. 13, 2023, 11am PT / 2pm ET
- Invites out soon!
Host: Michael Caughlan, President & CEO Expert: Eric Thornton, Commodity Specialist
- A look at fundamental conditions this year compared with last year
- Update on U.S. active rig counts and storage trends across the country
- What are OPEC and the world's large natural gas exporters up to?
- Lastly, how is weather impacting this market?
- Mark your calendars!
- Upcoming webinar on inflation and the economy
- Wednesday, Sep. 13, 2023, 11 am PT / 2 pm ET
Host: Michael Caughlan, President & CEO Expert: Jeffrey Rasinski, Consultant
- Corn
- Exports down: Still a little high?
- Domestic stocks maintain more than 2.0 billion for 2023/24
- Soy complex
- Soybean yield lowered to 50.9 bushels per acre
- Globally, not many changes to production: Argentina still not reduced!
- Food consumption for soybean oil continues to be strong
- Wheat
- Little pullback in yield and acreage
- Exports lowered
- Many changes ahead for global production
- India wheat production stays the same: Why?
- China, EU, and Canada reduced: Makes sense
- Ukraine crop revised higher: Way to go, Ukrainian farmers!
- Sugar
- Sugar deliveries lowered once again: Should it be even lower?
- 2022/23 ending stocks up
- Production in Louisiana and Texas lowered
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
- The American Sugar Alliance
- Who they are and what they do
- Key topics discussed at the symposium:
- The Farm Bill is up for renewal: Will we get a new Farm Bill?
- Update on beet and cane crops
- Sugar reduction at the federal level
- Sustainability investments: What’s its economic worth?
Host: Michael Caughlan, President & CEO Expert: Craig Ruffolo, Vice President – Commodity Specialist
- What’s the current scenario in Ukraine?
- Updates from VFI office in Kiev
- Resilience of farmers and processors
- Crops getting delivered despite war damage and financing challenges
- How is it affecting oil availability?
- Oilseed crops in Europe looking mostly good
- Recent weather helping sunflower and soybeans
- Canola better than expected
- Rapeseed variable but good overall
- Anticipated price direction for specialty oils
Host: Nicole Thomas, Vice President – Information Services Guest: Klemens Rauch, co-owner of VFI Guest: Joevic Fabregas, co-owner of SF Bay Commodities
- Ukrainian ports on the Danube River attacked by Russia
- Wheat
- Concerns rise in the wheat market
- Wheat goes limit-up Monday
- Corn
- Some supportive impact on futures
- Corn buyers have one thing going for them: Brazil’s safrina crop now in harvest
- Sunflower oil
- Folks looking for alternatives
- Glut of inventory in Europe
Host: Nicole Thomas, Vice President – Information Services Expert: Eric Thornton, Commodity Specialist
- Taffy Town, a multi-generational, family-owned candy manufacturer
- Maintains 80 flavors of taffy every year!
- Most current: honey lavender (yum!)
- Look for bold, new mash-ups next year
- Past and present challenges
- Labor more of a challenge 18 months ago
- Fuel spikes down from last year
- A looming UPS strike, expected on Aug. 1
- Latest innovation for Taffy Town
- Derek discusses the benefits of attending industry conferences and trade shows
- Sweets & Snacks Expo
- Record attendance for 2023 expo
- Great way to meet qualified buyers
- Sweets & Snacks Expo
- Western Candy Conference
- Family oriented, lots of fun
- Great way to connect with peers and suppliers
- Highly recommend for small- to mid-sized candy manufacturers
- WCC 2024: March 20-24, 2024 in Scottsdale, AZ!
- westerncandyconference.org
Host: Michael Caughlan, President & CEO Guest: Derek Glade, VP Sales & Marketing, Taffy Town
- Fête de la Fédération? Happy Bastille Day!
- BIG data dump this week included WASDE, CPI, PPI, and EIA STEO
- Multiple moving parts this week
- Soy complex moving one way and corn the other
- Crude oil rallying
- CPI/Inflation lower, sending the dollar into a tailspin
- Machine trading adding steam to the extreme volatility situation
- Tracking value requires prepared analysis tools designed to quantify multiple variables
- Contact us to receive Shawn's Daily Technical Outlook report
- Don’t forget to register for next week’s webinar!
- Wheat Market Update webinar with Eric Thornton
- Wednesday, July 19, 11 am PT / 2 pm ET
- Invites are in your inbox, or register at mckeany-flavell.com
Host: Michael Caughlan, President & CEO Expert: Shawn Bingham, Director of Risk Management
- Sugar
- Beet and cane numbers are down
- Due to early harvest adjustments?
- Big changes in imports: Up, up, up!
- What’s Kevin got to say about the 2023/24 beet crop and the number we could hit?
- Beet and cane numbers are down
- Wheat
- Some yield appreciation
- Boost to harvest acres: Big surprise!
- Production and demand see nice uptick
- EU wheat production down: Could other countries follow suit?
- Corn
- Got what was anticipated, for the most part
- Reduction in yield and ending stocks
- Ethanol and export demand lowered, while feed went up
- Argentina’s production improves: Yay!
- Soy complex
- Decrease in soybean acreage, while no change in yield
- Adjustments made to demand on the consumption side for soybeans
- Soybean oil imports raised
- No changes made to biofuels
- Don’t forget to register for next week’s webinar!
- Wheat Market Update webinar with Eric Thornton
- Wednesday, July 19, 11 am PT / 2 pm ET
- Invites are in your inbox, or 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
- USDA acreage report whipsaws speculators in corn, who were forced flat by dry weather in June
- Corn selloff accelerated by seasonal bias, new speculator shorting, and producer selling
- Risk premium still present in most commodity prices
- Additional supply suggests corn still has room lower
- Volatility already increased from weather
- Risk likely to linger on further
- Save the date for our next webinar!
- Wheat Market Update webinar with Eric Thornton
- Wednesday, July 19, 11 am PT / 2 pm ET
- Registration opens June 10 at mckeany-flavell.com
Host: Kevin Combs, Vice President – Global Sweeteners Specialist Expert: Shawn Bingham, Director of Risk Management
- Corn and soy complex
- Corn wins big with 2 million more acres in prospective plantings
- Holy soybeans, Batman! 4 million acre loss in prospective plantings
- Sugar
- Beet acreage down from 2022, but up 17,700 acres vs. March intentions
- Cane acreage down 7,800 acres, or 0.8% vs. last year
- Wheat
- Wheat acreage comes out lower at 49.6 million
- Stocks of wheat surprisingly low, despite weak demand
- Mark your calendar for our next webinar!
- Wheat Market Update webinar with Eric Thornton
- Wednesday, Jul 19, 11 am PT / 2 pm ET
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
- Concerning crop conditions and weather outlooks
- Not time to panic, but corn yield will fall short of USDA target (181.5 bushels per acre)
- Spring wheat crop should improve: Off to a good start!
- Upside potential for corn/soybean acreage
- Stocks for wheat should rise above 600 million bushels for 2022/23
- Don’t forget to register for our upcoming webinar!
- Summer Market Outlook webinar
- Next Tuesday, June 27, 11 am PT / 2 pm ET
- Go to mckeany-flavell.com to register
Host: Michael Caughlan, President & CEO Expert: Eric Thornton, Commodity Specialist
- Three central committees met last week to make decisions on interest rates and where the economy is going
- The Federal Reserve
- “Hawkish pause” on raising interest rates, but future hikes may be needed
- Problem areas to watch:
- Jobless rate
- Housing prices: Starting to abate?
- New and used car prices
- Japanese Central Bank left rates unchanged
- European Central Bank
- Raised rates by a quarter-point
- Plans for further hikes over the next few years
- Big question: How is this all affecting the food market?
- Don’t forget to register for our upcoming webinar!
- Summer Market Outlook webinar
- Covering the sugar, corn, soybeans, and wheat markets
- On Tuesday, June 27, 11 am PT / 2 pm ET
- Check your inbox for your invite or you can also register here
Host: Michael Caughlan, President & CEO Expert: Jeffrey Rasinski, Consultant
- Corn and soy complex
- Mostly unchanged for new crop
- Export demand still lower for old crop
- Wheat
- Spring wheat off to a good start!
- USDA surprises with sizeable increase to global wheat production
- Sugar
- Slightly more bullish outlook for old and new crops
- 2022/23 stocks-to-use down to 13.1% on lower imports from Mexico
- Will Mexico come up short, or will they have that sugar available? Should be an interesting July WASDE!
- 2023/24 cane production lowered 87,000 STRV, with Texas down 56,000 STRV, pulling STU to 10.6%
- Don’t forget to register for our upcoming webinar!
- Risk Management webinar with Shawn Bingham
- Next Wednesday, June 14, 11 am PT / 2 pm ET
- Check your inbox for your invite or you can also register here
Host: Michael Caughlan, President & CEO Expert: Eric Thornton, Commodity Specialist Expert: Kevin Combs, Vice President – Global Sweeteners Specialist
- Summer driving has arrived, along with hot dry weather in the Midwest
- Total petroleum stock situation
- Refined products
- EIA in Short-Term Energy Outlook (STEO)
- What new higher stocks-to-use ratio for corn suggests
- Crude oil and gasoline prices relative to last year
- Continued Ukraine uncertainty
- Ethanol and renewable diesel demand
-
Don’t forget to register for our upcoming webinar!
- Risk Management webinar with Shawn Bingham
- Wednesday, June 14, 11 am PT / 2 pm ET
- Check your inbox for your invite or you can also register here
Host: Kevin Combs, Vice President – Global Sweeteners Specialist
Expert: Shawn Bingham, Director of Risk Management
- El Niño looms…
- What is it? What impacts can we expect? And when?
- Near-term weather outlook is dry
- Markets reacting
- Our Virtual 2023 Spring Market Seminar is available for digital viewing!
- Seminar recorded live on April 26, 2023
- Learn more and order access at mckeany-flavell.com
- Available to clients for $475 and non-clients for $675
- Attendees may access at no extra charge
Host: Michael Caughlan, President & CEO
Expert: Eric Thornton, Commodity Specialist
- Enough good, bearish news to go around!
- Oh, but wait…pesky palm oil?
- Can you guess?
- Soybean STU and energy price assumptions for soybean oil trading ranges
- Our Virtual 2023 Spring Market Seminar is available for digital viewing!
- Seminar recorded live on April 26, 2023
- Learn more and order access at mckeany-flavell.com
- Available to clients for $475 and non-clients for $675
- Attendees may access at no extra charge
Host/Expert: Shawn Bingham, Director of Risk Management
Expert: Nicole Thomas, Vice President – Information Services
- Sugar
- Beet production initiated at 4.961 million STRV
- Cane production estimated at 4.264 million STRV
- USDA raises 2022/23 food use deliveries 75,000 STRV
- Wheat
- USDA pessimistic on U.S. wheat production
- Stocks decline further for 2023/24 to 556 million bushels
- Global production and stocks surprisingly bearish
- Corn and soy complex
- Bearish, bearish, bearish! Stocks improvement for corn and soybeans has been a long time coming!
- Maybe more growth to come for U.S. soybean oil stocks (this year and next)?
- Don’t forget to register for our upcoming webinar!
- Dairy Market Update webinar with Jeff Rasinski
- Wednesday, May 17, 11 am PT / 2 pm ET
- Check your inbox for your invite or you can also register here
- Our Virtual 2023 Spring Market Seminar is available for digital viewing!
- Seminar recorded live on April 26, 2023
- Learn more and order access at mckeany-flavell.com
-
- Available to clients for $475 and non-clients for $675
- Attendees will be able to access at no extra charge
-
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
- Corn wet milling takes the 2023 Spring Market Seminar award for Unforeseen Demand
- The horse is in the gate (Cautiously Optimistic)
- Corn plantings outlook
- Will corn stocks build or retreat?
- New era for managing coproducts
- Sugar marketplace is set for 2024
- Beet progress looking good
- Prices still elevated with a tight balance sheet
- Register today for access to our Virtual 2023 Spring Market Seminar!
- Seminar recorded live on April 26, 2023
- Available for digital download May 8, 2023
- Visit mckeany-flavell.com to pre-order
- Will be available for clients to purchase via the IQ platform
- Attendees will be able to access at no extra charge
Host: Michael Caughlan, President & CEO
Expert: Craig Ruffolo, Vice President – Commodity Specialist
- Another Spring Market Seminar in the books!
- Great time! Lived up to the theme!
- Awards given:
- Supply disruption: Edible oils
- Unforeseen demand: Corn wet milling
- Crop production issue: Wheat
- Non-USDA commercial market: Cocoa
- Market price change: Sugar
- Special recognition: Energy
- A special thanks to our guest speaker Amanda Prochaska of Wonder Services
- Digital version available next week for registered attendees
- Didn't attend but interested in purchasing the seminar on video? Contact us and we’ll set you up!
Host: Michael Caughlan, President & CEO
Expert: Shawn Bingham, Director of Risk Management
Expert: Eric Thornton, Commodity Specialist
- ADPI (American Dairy Products Institute) annual conference kicks off this weekend
- Milk production report out last week
- Milk production up from last year
- February numbers revised higher
- Herd has increased
- Jeff does the math!
- Bigger herd + higher yield = more milk!
- Awaiting the cold storage report next week
- Stayed tuned: What will butter do?!?
- Look for your invite coming soon for our next webinar
- Dairy market outlook webinar – May 17
- Seats still available for our 2023 Spring Market Seminar!
- Next Wednesday, April 26, 2023 in Oak Brook, IL
- Attend in person or virtually
- Visit mckeany-flavell.com to register!
Host: Michael Caughlan, President & CEO
Expert: Jeffrey Rasinski, Consultant
-
11 market trading near $0.24 per lb on speculative trading influence
- What’s supporting higher prices?
- Lower production in India
- A weak U.S. dollar
- Higher crude oil prices
-
16 domestic raw sugar following along for the ride as high-tier imports prevail
- 2023 Spring Market Seminar registration is almost here!
- April 26, 2023 in Oak Brook, IL
- Visit mckeany-flavell.com to register!
Host: Michael Caughlan, President & CEO
Expert: Kevin Combs, Vice President – Global Sweeteners Specialist
- Sugar
- No changes to demand
- Stocks-to-use ratio up to a healthy 14.9%
- Although prices don't reflect that
- Supplies increased on added high-tier imports
- USDA reversed course on Mexico
- Wheat
- Reduction in ending stocks
- Small change to the U.S. balance sheet
- Soy complex
- All about Argentina!
- Drought and lower production
- Brazil offsets lower numbers to a degree
- More active Chinese importing from Brazil
- All about Argentina!
- Corn
- Slight reduction in global ending stocks
- U.S. shows reduction in imports, no change in ending stocks
- Markets are watching for planting intentions and upcoming 2023/24 crop
- The farmers are out in the fields!
- 2023 Spring Market Seminar registration is open!
- April 26, 2023 in Oak Brook, IL
- Visit mckeany-flavell.com to register!
Host: Michael Caughlan, President & CEO
Expert: Kevin Combs, Vice President – Global Sweeteners Specialist
Expert: Craig Ruffolo, Vice President – Commodity Specialist
- Economy
- Employment data comes in mostly as expected, but still the softest jobs growth in over two years
- The unemployment rate dips to 3.5%, holding at multi-year lows
- Wage growth slowed considerably to 4.2%, from 4.6% in February
- Barring significantly higher inflation data next week, this could give the Fed reason to pause in May
- Crops and commodities
- Loads of reports to digest next week!
- First crop progress report of 2023
- Winter wheat conditions remain abysmal
- Are we headed for a “Super El Niño?”
- 2023 Spring Market Seminar registration
- Seats are going fast! Register today!
- April 26, 2023 in Oak Brook, IL
- Visit mckeany-flavell.com to register!
Host/Expert: Shawn Bingham, Director of Risk Management
Expert: Eric Thornton, Commodity Specialist
- Corn & soy complex
- Corn acreage above expectations, no additional help for soybeans
- Corn stocks slightly below analysts’ forecast but bigger story is on-farm holdings
- Soybean stocks may indicate improvement to come for 2022/23 balance sheet
- Wheat
- Wheat acreage up 4.2 million acres
- Stocks for wheat down 8%
- Sugar
- Sugar beet acreage down 4% YOY
- 2023 Spring Market Seminar registration is open
- Seats are going fast!
- April 26, 2023 in Oak Brook, IL
- Visit mckeany-flavell.com to register today!
Host/Expert: Nicole Thomas, Vice President – Information Services
Expert: Eric Thornton, Commodity Specialist
- Learn about Pamoja Farms and Ten Senses
- Farmers, producers of macadamia nuts
- Focused on sustainability
- Smarter growing practices and methodology
- Where are macadamia nuts grown and harvested?
- Current state of the macadamia nut market
- Three factors influencing the market today
- What does the future hold for macadamia nuts?
- McKeany-Flavell's 2023 Spring Market Seminar registration is open!
- April 26, 2023 in Oak Brook, IL
- In-person or virtual
- Visit mckeany-flavell.com to register!
Host: Michael Caughlan, President & CEO
Guest expert: Guillaume Maillard, Founder & Director at Pamoja Farms
- Live from Hawaii!
- Close community of candy manufacturers and their suppliers
- Highlights from the conference:
- Hawaii Governor Josh Green
- Ed Shultz, President & CEO of Hawaiian Host Group (HGG)
- Panels on manufacturing and labor challenges
- Kevin Combs talked sugar negotiations!
- Mark Rush, President of YSA Ingredients on the fruit and nutmeats markets
- Joevic Fabregas of SF Bay Commodities on edible oils and current challenges
- Mike’s special guest on the podcast!
- Economist Byron Gangnes
- What will raising fed rates mean for the economy?
- Labor market woes
- Is COVID-19 still an issue on the U.S. market?
- A bad week for banks: More to come?
- What to expect moving forward
- Economist Byron Gangnes
- McKeany-Flavell's 2023 Spring Market Seminar registration is open!
- In-person or live streaming
- April 26, 2023 in Oak Brook, IL
- Visit mckeany-flavell.com to register!
Host: Michael Caughlan, President & CEO
Expert: Byron Gangnes, Economist
- In general, lower attendance this year
- What’s trending
- What’s not trending
- Some of Mike’s favorites
- Awards going to:
- What/Why
- Most Likely Not to Try It
- Maybe Gonna Try It
- 2023 Spring Market Seminar registration is open!
- April 26, 2023 in Oak Brook, IL
- Visit mckeany-flavell.com to register!
Host & expert: Michael Caughlan, President & CEO
- Wheat
- No U.S. changes for wheat, but global stocks tighten
- Kazakhstan makes an appearance on the podcast!
- Corn & soy complex
- U.S. corn ending stocks get a boost… as well as global stocks?
- USDA lowers Argentinian production in line with trade projections
- Sugar
- USDA resets stocks-to-use to 13.5%
- Beet production increased 60,000 STRV
- Mexico imports lowered 171,000 STRV
- Upcoming webinar: Spring Market Outlook
- Wednesday, March 29, 2023
- Register here
- 2023 Spring Market Seminar registration is open!
- April 26, 2023 in Oak Brook, IL
- Visit mckeany-flavell.com to register!
Host: Shawn Bingham, Director of Risk ManagementExpert: Nicole Thomas, Vice President – Information ServicesExpert: Eric Thornton, Commodity SpecialistExpert: Kevin Combs, Vice President – Global Sweeteners Specialist
- Western Food Introduction
- New facility in Pine Bluff, Arkansas
- Rice, ancient grain, and alternative flour producer
- Rice market overview
- Tight supply: record high prices
- Huge acreage reduction in 2022 in California
- Demand has held strong for rice and rice flour
- Ancient grains
- Quinoa growth has plateaued
- Chickpea and lentils seeing significant growth
- 2023 Spring Market Seminar registration is open!
- April 26, 2023 in Oak Brook, IL
- Attend in person or virtually
- Visit mckeany-flavell.com to register!
Host: Eric Thornton, Commodity SpecialistExpert: Matt Cox, VP of Sales, Western Foods
- Didn’t attend? Here’s the discussions you missed:
- Transportation
- Sugar reduction
- Sustainability
- Sugar policy
- Economy
- Bookings and negotiations for 2024
- Timing is everything!
- More negotiations taking place now than in past years
- Biggest driver of price for next crop
- World market is stronger, lifting prices
- To sum up:
- Great networking opportunities
- Record attendance
- Broader spectrum of users
- See you next year in Miami!
- Speaking of great networking opportunities!
- McKeany-Flavell's 2023 Spring Market Seminar registration is open!
- April 26, 2023 in Oak Brook, IL
- In-person or virtual
- Visit mckeany-flavell.com to register!
Host: Michael Caughlan, President & CEOExpert: Kevin Combs, Vice President – Global Sweeteners Specialist
- Six more weeks of winter or an early springtime flush
- Did the heifer see her shadow?
- How is the dairy herd starting 2023?
- Milk yield in Jan 2023 vs. 2022
- Total milk output
- International prices for dairy products
- 2023 Spring Market Seminar registration is open!
- April 26, 2023 in Oak Brook, IL
- Attend in person or virtually
- Visit mckeany-flavell.com to register!
Host: Michael Caughlan, President & CEOExpert: Jeffrey Rasinski, Consultant
- Jobs grow by 517,000
- Double the normal expectations
- Consumer prices up 6.4% ahead of expectations
- Retail sales jump 3%
- More than double the estimate
- Producer prices revised higher for December and beating expectations in January at 6.0%
- Overnight Fed funds rate at year-end jumps from 4.40 to 5.08% on talk FOMC might return to 50bp hikes
- 2023 Spring Market Seminar registration is now open!
- April 26, 2023 in Oak Brook, IL
- Attend in person or virtually
- Visit mckeany-flavell.com to register!
Host: Eric Thornton, Commodity SpecialistExpert: Shawn Bingham, Director of Risk Management
- Main season starting to wind down
- Weather and market expectations for mid-crop
- Q4 grinds weaker than expected
- That helps offset trimmed production forecasts
- Deficit or surplus year? What buyers are doing
- Origins continue to sign agreements
- Look for increasing domestic bean processing
- Jeff’s take on the cocoa futures market
- 2023 Spring Market Seminar registration is now open!
- April 26, 2023 in Oak Brook, IL
- Attend in person or virtually
- Visit mckeany-flavell.com to register!
Host: Michael Caughlan, President & CEOExpert: Jeffrey Rasinski, Consultant
- Corn & soy complex
- Corn and soybean balance sheets reflect status quo
- Soybean ending stocks improve
- Brazil soybean crop phenomenal!
- Edible oils
- Soybean oil: Reduction in crush
- Vegetable oil up YOY
- Wheat
- U.S. wheat balance sheet rises “an entire” 1 million bushel: Hardly any changes
- USDA finally raised Russian wheat crop production, but was it enough?
- Sugar
- Beet production raised 52,000 STRV to 5.1 million STRV
- Louisiana cane production lowered 83,000 STRV on December freeze damage
- 2023 Spring Market Seminar registration is now open!
- April 26, 2023 in Oak Brook, IL
- Visit mckeany-flavell.com to register!
Host: Michael Caughlan, President & CEOExpert: Nicole Thomas, Vice President – Information ServicesExpert: Eric Thornton, Commodity SpecialistExpert: Kevin Combs, Vice President – Global Sweeteners Specialist
- Was Dr. Strange a market forecaster?
- Factors creating soft floors and ceilings for corn and soy (and soybean oil)
- Extended: Edible oils timing and coverage in uncertain markets
- 2023 Spring Market Seminar registration is now open!
- April 26, 2023 in Oak Brook, IL
- Visit mckeany-flavell.com to register!
Host: Michael Caughlan, President & CEOExpert: Nicole Thomas, Vice President – Information Services
- Some insights on La Niña and what could be ahead weatherwise for 2023
- What regions and crops may benefit or see challenges?
- Is a return to El Niño in the works?
- 2023 Spring Market Seminar registration is now open!
- April 26, 2023 in Oak Brook, IL
- Visit mckeany-flavell.com to register!
Host: Michael Caughlan, President & CEOExpert: Eric Thornton, Commodity Specialist
- California is sinking and I don’t wanna swim… (play on The Tragically Hip song)
- 2023 hits the ground running for commodities with early concerns about:
- Supply chain
- Global economies
- Consumer demand and inflation
- Seasonal influences in grain markets are often more about probability than magnitude
- Sugar demand or no sugar demand? That is the question!
- Tracking consumers and the influence of inflation
- Register here for next week’s Risk Management webinar!
- Wednesday, January 25
- 11:00 AM Pacific | 2:00 PM Eastern
- 2023 Spring Market Seminar registration is now open!
- April 26, 2023 in Oak Brook, IL
- Visit mckeany-flavell.com to register!
Host/Expert: Shawn Bingham, Director of Risk Management|Expert: Craig Ruffolo, Vice President – Commodity Specialist
- Corn
- U.S. production reduced
- Soy complex
- U.S. production reduced
- Wheat
- Wheat stocks-to-use tightens further amidst a myriad of changes
- Whoa! How many winter wheat acres?!?
- Sugar
- Surprising production, STU increase for domestic sugar
- Register now for our Risk Management webinar!
- Wednesday, January 25
- 11:00 AM Pacific | 2:00 PM Eastern
Host/Expert: Nicole Thomas, Vice President – Information ServicesExpert: Eric Thornton, Commodity Specialist
- Freeze in December to lower Louisiana cane production
- Early Mexico cane yields lower than last year
- Will beet production exceed USDA forecast?
- Register here for our Risk Management webinar!
- Wednesday, January 25
- 11:00 AM Pacific | 2:00 PM Eastern
Host: Michael Caughlan, President & CEO Expert: Kevin Combs, Vice President – Global Sweeteners Specialist
- Natural gas
- A busy year for natural gas!
- Final activation halted on Russian Nord Stream 2 pipeline
- Russian exports of gas on Nord Stream 1 pipeline a no-go
- Explosion at Freeport, TX LNG facility
- EIA inventories continue to lag both 2021 levels and five-year average
- What to watch for in 2023:
- Winter weather and drawdown in inventory
- Ukraine, China's re-opening, and potential recession
- A busy year for natural gas!
- Crude oil
- Average price of crude oil 39% above 2021
- Record-high gasoline and diesel prices last June
- Global crude demand to slow but could be offset by China and SPR
- Be on the lookout for your invite to our upcoming Risk Management webinar!
- Wednesday, January 25
- McKeany-Flavell’s Spring Market Seminar is happening on April 26, 2023!
- Mark your calendars, registration opens in January!
- Happy New Year!
Host/Expert: Shawn Bingham, Director of Risk ManagementExpert: Jeffrey Rasinski, Consultant
- Special holiday message from President & CEO Michael Caughlan
- Reindeer games and holiday movie trivia!
- Sit back with a warm cup of cocoa and enjoy
- Happy Holidays to all!
Host: Shawn Bingham, Director of Risk ManagementExpert: Nicole Thomas, Vice President – Information Services
- Dairy
- Herd size fluctuations
- Price volatility looks to calm
- Economy & energy
- Stock market will look better than 2022
- No big drops to energy due to plentiful reserves
- Sugar
- Weather concerns for the #11 crop
- Expect great #16 crops from Louisiana and Florida
- Beet crops will be planted on time!
- Corn
- Acreage will compete once again with soybeans
- Prices releasing by Q4?
- Wheat
- Increase in production for U.S.
- Decrease on the global front
- Edible oils
- Optimism once we get through Q1
- Prices should equalize between soybean oil and canola oil
- McKeany-Flavell’s Spring Seminar coming April 26, 2023!
- Mark your calendars
- Registration opens in January
- Happy Holidays!
Host: Michael Caughlan, President & CEOExpert: Jeffrey Rasinski, ConsultantExpert: Shawn Bingham, Director of Risk ManagementExpert: Craig Ruffolo, Vice President – Commodity SpecialistExpert: Eric Thornton, Commodity SpecialistExpert: Nicole Thomas, Vice President – Information Services
- Wheat
- Minimal changes for wheat
- Argentina’s wheat crop now 45 percent below last year
- Corn & soy complex
- Minimal changes for both
- Sugar
- Beet sugar production lowered 67,000 STRV
- Cane production increased 20,000 STRV
Host: Michael Caughlan, President & CEOExpert: Eric Thornton, Commodity SpecialistExpert: Kevin Combs, Vice President – Global Sweeteners Specialist
- Congress to intervene and keep railroads operating
- Beet crop concerns lead to tight S&D and higher prices
- Plenty of raw sugar, but limitations on refining capabilities
- Plantings for 2023/24: Will farmers plant fewer sugar beets?
- Don’t miss Craig speaking at the 2022 Sosland Publishing Winter Webinar!
- Next Wednesday, Dec. 7
- Register here!
Host: Michael Caughlan, President & CEO Expert: Craig Ruffolo, Vice President – Commodity Specialist
Nicole splices your favorite commodity markets with her favorite movies by the "Master of Suspense," Alfred Hitchcock.
Play your role and guess which market goes with which movie as she takes you on a thrilling journey.
Happy Thanksgiving!
Host: Michael Caughlan, President & CEO Expert: Nicole Thomas, Vice President – Information Services
- 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
- 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
- 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
- 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
- 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
- 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
- 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
- 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
- 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
- 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
- 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
- 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
- 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
- “It just doesn’t matter!”
Host: Michael Caughlan, President & CEO Expert: Nicole Thomas, Vice President – Information Services Expert: Kevin Combs, Vice President – Sweeteners Specialist Expert: Eric Thornton, Commodity Specialist
- 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
- 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
- After major revisions last month, what did the July milk production report reveal about the herd at the end of July?
- Is the herd continuing to expand and how has milk yield been trending YTD?
- With the flush now over, a review of total milk output and inventories of some key dairy ingredients
Host: Craig Ruffolo, Vice President – Commodity Specialist Expert: Jeffrey Rasinski, Consultant
- Will sugar beet marketers have additional sugar to market?
- What’s with the massive reduction in projected high-tier sugar?
- Drought in Northeast Mexico reducing production prospects
- Will the sale of Imperial Sugar ever happen?
Host/Expert: Craig Ruffolo, Vice President – Commodity Specialist Expert: Kevin Combs, Vice President – Global Sweeteners Specialist
- How did acreage shake out for wheat, corn, and soybeans?
- Wheat
- U.S. wheat demand increases 31 million bushels
- Record large global wheat production, but stocks remain unchanged
- Corn/soy complex
- Corn yields lowered, but soybean yields increase: Interesting!
- Sugar
- Sizeable increase for beet sugar production
Host: Nicole Thomas, Vice President – Information Services Expert: Eric Thornton, Commodity Specialist
- Sustainability and transparency becoming everyday language
- Craig and Eric discuss the upcoming farm bill
- Are there concerns about the beet and cane crops?
- Spot sugar remains almost nonexistent
Host: Craig Ruffolo, Vice President – Commodity Specialist Expert: Eric Thornton, Commodity Specialist
- What’s driving the move higher on soybeans?
- Another bullish run for soybean oil?
- How will consumption/policy play into the 2022/23 balance sheets?
Host: Kevin Combs, Vice President – Sweeteners Specialist Expert: Nicole Thomas, Vice President – Information Services
- Russia and Ukraine agree to open grain corridor through Black Sea
- Could see as much as 5 MMT of grain flowing out of three major ports in the next few weeks
- Crop conditions near long-term averages, but supply is still a significant concern even in the most optimistic forecasts
- Federal Reserve triggered commodity long liquidations
- Will it turn to short selling?
- Be extra cautious licking the last drops of milk from a can!
- For more information on our Risk Management services visit mckeany-flavell.com.
Host: Craig Ruffolo, Vice President – Commodity Specialist Expert: Shawn Bingham, Director of Risk Management
- Plant proteins
- What have retail sales looked like for plant proteins in recent years?
- Have plant-based foods been successful at foodservice?
- Is the plant protein market facing similar supply chain challenges as traditional meat?
- What is the current state of the market for plant proteins?
- Pork
- How have retail sales been impacted throughout the pandemic?
- Has foodservice been on par with retail recently? How do these two channels differ? Do any specific items have more traction than others?
- How has the supply chain and logistics within pork been impacted throughout the pandemic?
- What factors have led us to elevated bacon prices?
- Is pork still competitively priced vs. other proteins?
- Register now for Urner Barry’s Global Protein Summit!
- Oct. 17-19 in Chicago
- Register on their website: www.urnerbarry.com
Host: Michael Caughlan, President & CEO Expert: Andraia Torsiello, Plant Protein & Egg Market Researcher, Urner Barry Expert: Ryan Hojnowski, Market Researcher/Analyst, Urner Barry
- Corn
- Boost to ending stocks for 2021/22
- Feed and residual use lowered
- Soy complex
- Crush reduced
- Soybean exports reduced for Brazil and Argentina
- Soybean oil still looking tight
- Wheat
- Wheat prices plunge despite a quiet July WASDE
- Stocks to use ratio unchanged at 33%
- Sugar
- 2022/23 sugar supply & demand at 12.4 % STU, under the 13.5 % target
- USDA increases 2021/22 Imports 217,000 STRV
- 2021/22 deliveries increased another 150,000 STRV
- Make sure to register for tomorrow’s Risk Management webinar!
- Wednesday, July 13
- Register here!
Host: Michael Caughlan, President & CEO Expert: Nicole Thomas, Vice President – Information Services Expert: Kevin Combs, Vice President – Sweeteners Specialist Expert: Eric Thornton, Commodity Specialist
- Freeport Texas LNG terminal event and its effect on natural gas futures
- Impact of the scheduled shutdown of Nord Stream 1 pipeline from Russia to Western Europe
Host: Michael Caughlan, President & CEO Expert: Jeffrey Rasinski, Consultant
- Recap and insights from executives up and down the global food supply chain
- Topics included:
- State of the economy and impending recession
- Ukraine
- Food shortages/food waste and how tech is working to combat these challenges
- Make sure to register for our upcoming Risk Management webinar!
- Wednesday, July 13
- Register here!
Host: Michael Caughlan, President & CEO Expert: Eric Thornton, Commodity Specialist Expert: Shawn Bingham, Director of Risk Management
- Corn
- Acreage increases modestly
- Farmers say: Still have 2 million to plant!
- Soy complex
- Soybean acreage points to another tight year ahead
- Wheat
- Total wheat acres slip to 47.1 million acres
- Spring wheat acres still in question
- Jun. 1 stocks a lowly 93 million bushels, 34% lower
- Sugar
- Beet area up 35,000 acres vs. March planting intentions report
- Red River Valley up 47,000 acres while other regions offset this increase
- Cane area harvested projected down 10,900 acres
Host: Michael Caughlan, President & CEO Expert: Nicole Thomas, Vice President – Information Services Expert: Kevin Combs, Vice President – Sweeteners Specialist Expert: Eric Thornton, Commodity Specialist
- World Bank slashes global growth forecast
- Commodities reacting to threat of deeper recession
- Another debt crisis in EU?
- Time to take some risk off the table and then look again near seasonal low period
- Mark the date:
- Risk Management webinar scheduled for Wed., Jul. 13
- Look for your invite or check mckeany-flavell.com soon!
Host: Michael Caughlan, President & CEO Expert: Shawn Bingham, Director of Risk Management
- Latest on the Ukrainian situation
- How are processors responding?
- How are users adapting and what makes the most sense?
-
Supply outlook for sunflower and safflower
-
Need more info on Edible Oils? Call 832.2866 to schedule an Edible Oils consultation! Or visit our website here!
- And you don’t want to miss our Summer Market Outlook webinar!
- Next Wednesday, June 22
- Register here!
Host: Nicole Thomas, Vice President – Information Services Guest: Joevic Fabregas, Managing Partner, SF Bay Commodities Guest: Dustin Nelson, VP of Sales & Marketing, SF Bay Commodities
- Corn
- Little in the way of change for corn balance sheets
- Soy complex
- U.S. soybeans get tighter
- Will late harvest be impactful?
- U.S. soybeans get tighter
- Sugar
- Red River Valley plantings finally finished
- 2022/23 production estimates lowered
- Demand left unchanged
- Stocks-to-use ratio for 2022/23 NOT a typo!
Host: Michael Caughlan, President & CEO Expert: Nicole Thomas, Vice President – Information Services Expert: Kevin Combs, Vice President – Sweeteners Specialist
- A quick recap of the benefits of Cannabinoids
- Latest on GRAS status and the regulatory front
- FDA needs to get moving on decisions
- Some good news from the Ninth Circuit court
- What's on the horizon for demand, trends, and the market
- Download our free CBD study!
Host: Michael Caughlan, President & CEO Expert: Dave “Swany” Swanwick, Director of Sales, KND Labs
- U.S. balance sheet
- Southern Plains struggling with worse drought in 20 years
- Crop tour reporting yield numbers down 30-35%
- Spring wheat behind on planting pace
- Southern Plains struggling with worse drought in 20 years
- Global balance sheet
- India's crop estimates go from savior to survivor with unexpected weather conditions
- Canada sees a 6% increase to acreage
- France and Germany has best winter conditions in 6-7 years
- EU wheat crop production
- Could go higher than expectations?
Host: Michael Caughlan, President & CEO Expert: Eric Thornton, Commodity Specialist
- Soybean oil
- U.S. acreage vs. strong demand
- Canola oil
- Canadian production rebound with consumption growth to come
- Palm oil
- Indonesian policy and general supply dynamics
- And don’t forget to register for episode 3 of our Hot Ingredients webinar!
- Next Wednesday, May 25
- Covering eggs, keto diet, and GMO foods
- Register here!
Host: Kevin Combs, Vice President – Sweeteners Specialist Expert: Nicole Thomas, Vice President – Information Services
- How the industry is maneuvering to meet today's challenges
- Truck driver and mechanic shortages and how to incentivize them
- More flexible and collaborative relationships with food manufacturers, shippers, and end customers
- Energy cost concerns and possible shortages?
- Have more questions about transportation? Email us at inquire@mckeany-flavell.com and we’ll answer them in our next transportation episode!
Host: Michael Caughlan, President & CEO Expert: John Dillman, Executive VP & Chief Marketing Officer, Foodliner
- Wheat
- Today’s report was bullish for 2022/23
- Wheat futures up sharply
- 2021/22 export numbers raised
- Corn
- No changes to 2021/22
- 2022/23 forecasted production down 4%
- Surprising change to yield: Way to under-promise and over-deliver!
- Soy complex
- Crush/exports expected to rise
- Good upcoming year for soybeans? USDA thinks so!
- Soybean oil share higher than meal share
- Sugar
- 2021/22 imports increased to reflect USDA quota increases and TRQ reassignments
- Beet production lowered 84,000 on late plantings
- Sugar deliveries increased for third consecutive month
Host: Michael Caughlan, President & CEO Expert: Nicole Thomas, Vice President – Information Services Expert: Kevin Combs, Vice President – Sweeteners Specialist
- Global Dairy Trade auction event
- Chinese mostly absent
- Most prices collapse
- Weakest in seven years
- Dairy products report
- Stocks and cold storage raising
- Dairy herd and milk production update
- Feb/Mar sees massive increase in herd count
- New record for milk yield
- Cows love the cold!
- Price relief on the horizon?
Host: Michael Caughlan, President & CEO Expert: Jeffrey Rasinski, Consultant
- Crop progress
- Limited plantings for some key commodities like corn and sugar beets
- Slowest start in years for sugar and probably two weeks behind where we ought to be
- More rain on the way through this weekend for parts of the upper Midwest
- Fed
- Meeting starts Tuesday of next week with decision on rates coming May 4
- Likely to raise rates by 50 basis points
- Recession appears to be around the corner?
- Thanks to all those who attended our Spring Seminar in Oak Brook (both in-person and virtually)! Videos of the presentations will be available soon for attendees.
Host/Expert: Shawn Bingham, Director of Risk Management Expert: Jeffrey Rasinski, Consultant
- Slipknot/duality
- $8 corn—Why?!?
- Planting progress update
- Indonesia plans to ban edible oil exports
- It’s not too late to register for our Spring Market Seminar 2022!
- Next Wednesday, April 27, Oakbrook, IL
- Register to attend in person or virtually—your choice!
- Register here!
Host: Michael Caughlan, President & CEO Expert: Eric Thornton, Commodity Specialist
- E15 waiver to have marginal impact on either corn or gasoline
- Technical and fundamental picture still bullish prices
- Latest inflation data will keep money flowing into commodity index funds
- Speculators using about 56% of available leverage on long corn positions
Host: Craig Ruffolo, Vice President – Commodity Specialist Expert: Shawn Bingham, Director of Risk Management
- Corn
- U.S. corn ending stocks unchanged
- Global projection a head-scratcher
- Soy complex
- Global supply and demand—reductions too little, too late
-
Sugar
- Sugar production lowered 75,000 STRV
- Demand increased 65,000 STRV
- Stocks-to-use at bullish 12.5%
-
And don’t forget to register for our Spring Market Seminar 2022!
- Wednesday, April 27, Oakbrook, IL
- Register to attend in person or virtually—your choice!
- Register here!
Host: Kevin Combs, Vice President – Sweeteners Specialist Expert: Nicole Thomas, Vice President – Information Services
- Sugar
- Sugar beet plantings lose 17,000 acres
- What state was the biggest loser?
- Wheat
- Spring wheat acres disappoint, but total wheat acres up 1 percent vs. 2021
- Mar. 1 wheat stocks the lowest since 2008
- Corn and soybeans
- Soybeans top corn for acreage
- Grain stocks hint at basis activity for rest of the season
- Technicals
- Cotton acreage rebounds with prices over $1.40 per lb
- No material technical levels broken in grains following the report
Host/Expert: Nicole Thomas, Vice President – Information Services Expert: Jeffrey Rasinski, Consultant Expert: Eric Thornton, Commodity Specialist Expert: Shawn Bingham, Director of Risk Management
- Cases are on the rise across the U.S.
- How this compares to the 2015 mega outbreak
- Impacts to feed demand and the egg industry
- Quick preview of next week’s Prospective Plantings report
- And don’t forget to register for our Spring Market Seminar 2022!
- Wednesday, April 27, Oakbrook, IL
- Register to attend in person or virtually—your choice!
- Register here!
Host: Michael Caughlan, President & CEO Expert: Eric Thornton, Commodity Specialist
- Lessons learned at the Western Candy Conference
- Need sound reason during these difficult times
- Pandemic
- Inflation
- War
- Self-improvement = team improvement
- Driverless trucks on the horizon?
- Derek’s birthday is today. Happy Birthday, Derek!
- Need sound reason during these difficult times
-
We encourage everyone (not just candy folks) to become a member of the Western Candy Association. It’s a great resource and way to collaborate! More info on becoming a member can be found at westerncandyconference.org
-
And don’t forget, registration is now open for our Spring Market Seminar 2022! Seats are filling up fast!
- Wednesday, April 27, Oakbrook, IL
- Register to attend in person or virtually—your choice!
- Register here!
Host: Michael Caughlan, President & CEO Guest: Derek Glade, President (Western Candy Association), VP Sales & Marketing (Taffy Town)
- Energy
- Crude oil, home heating oil, gasoline spiking
- Sticker shock at the pump!
- Good news: Winter winding down
- Corn
- March 31 Prospective Plantings report is next key market indicator
- Russia makes up less than 10% of U.S. fertilizer imports
- Russia makes up over 35% of Brazil’s fertilizer imports
- Wheat
- Ukraine spring crops down 39% vs. last year
- Crop reduction numbers beginning to come out
- Economy
- Fed set to start rate hike process tomorrow
- Fed Chairman Powell between a rock and a hard place
- Recession seems inevitable
- Edible oils
- Sunflower oil
- Ukraine and Russia represent 50% global production
- Where will supply come from now?
- Sunflower oil
Host: Michael Caughlan, President & CEO Expert: Jeffrey Rasinski, Consultant Expert: Craig Ruffolo, Vice President – Commodity Specialist Expert: Eric Thornton, Commodity Specialist Expert: Shawn Bingham, Director of Risk Management Expert: Nicole Thomas, Vice President – Information Services
- What have Mike and Pete learned?
- Innovation is back, baby!
- Not as much GMO seen, but plant-based is killing it!
- The grab-and-go concepts are hooking up with health & wellness
-
Who’s up for a juice shot?!?
-
Mike’s favorite booth!
- Athletic Brewing Company
Host & expert: Michael Caughlan, President & CEO Expert: Pete Church, Director of Marketing
- Corn
- Domestic and global corn stocks see reductions
- Soy complex
- Soybeans tightening, but possibly more to come for global edible oil?
- Wheat
- Wheat didn’t pay attention to WASDE
- U.S. wheat exports lowered again; where do they go from here?
- USDA accounts for lower exports out of Russia and Ukraine
- Sugar
- Sugar production lowered 58,0000 STRV
- Sugar deliveries for food use increased 100,000 STRV
- These factors combined allowed USDA to only lower Mexico imports by 15,000 STRV
Host: Kevin Combs, Vice President – Sweeteners Specialist Expert: Nicole Thomas, Vice President – Information Services Expert: Eric Thornton, Commodity Specialist
- Ball is in USDA’s court
- TRQ decisions
- April is out; May or June most likely
- 2022 International Sweetener Colloquium
- Not much business activity, pushing things out
- Some price indications, sugar companies not quite ready
- Reasonable STU, supply looks good for both beet and cane
- Register now for our Spring Market Seminar 2022
- Wednesday, April 27, Oakbrook, IL
- Register to attend in person or virtually—your choice!
- Register here!
Host: Michael Caughlan, President & CEO Expert: Kevin Combs, Vice President – Sweeteners Specialist
- What we’ve learned
- Inflation is real!
- Expect a heavy negotiation season
- The sugar folks are friendly!
- What to expect in the year ahead
- Beet industry sold by mid-June
- Price increases and pain
- But also, innovation!
Host: Michael Caughlan, President & CEO Expert: Craig Ruffolo, Vice President – Commodity Specialist Expert: Nicole Thomas, Vice President – Information Services Expert: Eric Thornton, Commodity Specialist Expert: Shawn Bingham, Director of Risk Management Expert: Jeffrey Rasinski, Consultant
- Wheat and corn exports could be impacted
- Biden specifically not targeting energy payment sanctions
- Traders bet grain sanctions off the table given global inflation pressures
- Technical profile suggests price action on Feb. 24, 2022 was at least partially driven by a short squeeze exhaustion
- Grain and energy markets likely to retreat at least temporarily until buyers step back in lower
Host: Michael Caughlan, President & CEO Expert: Eric Thornton, Commodity Specialist Expert: Shawn Bingham, Director of Risk Management
- Situation in South America positive for U.S. soybean, soybean product exports
- Indonesian actions make tight market tighter
-
Futures coverage from here?
-
Next Wed, Feb. 23, is our Key Ingredients of 2022 webinar
-
Register here!
-
Registration is open for our Spring Market Seminar 2022!
- Wednesday, April 27, Oakbrook, IL
- Register to attend in person or virtually—your choice!
- Register here!
Host: Craig Ruffolo, Vice President – Commodity Specialist Expert: Nicole Thomas, Vice President – Information Services
- Crude oil is spiking on geopolitical events
- Inflation is back and climbing after having just fell under 5%
- Commodity markets are on the move higher
- Interest rates are low by early 70’s comparisons
- What does the Fed do to cool the inflation spiral?
- How does it end economically?
- What can we take from that period and apply to a forecast?
Host: Michael Caughlan, President & CEO Expert: Shawn Bingham, Director of Risk Management
- Sugar
- Sugar supplies increase
- 2021/22 stocks-to-use ratio hits 14.7%
- Raw sugar prices still over $.36 per lb for current crop year
- Wheat
- Relative snooze
- Corn
- See wheat
-
Soybean complex
- Projection adjustments show why it will be the market to watch for 2022
-
Registration is open for our Spring Market Seminar 2022!
- Wednesday, April 27, Oakbrook, IL
- Register to attend in person or virtually—your choice!
- Register here!
Host: Michael Caughlan, President & CEO Expert: Craig Ruffolo, Vice President – Commodity Specialist Expert: Nicole Thomas, Vice President – Information Services
- Corn
- Minor adjustment to the domestic balance sheet
- Maybe a little bump in ethanol
- Soy complex
- Watch for ending stocks numbers to change
- Wheat
- Should be fairly quiet with no major changes from January
- Couple of tweaks to global demand are possible
- Sugar
- Beet production could go down, but not by much
- Cane production could come up
- Imports adjustment possible
Host: Michael Caughlan, President & CEO Expert: Nicole Thomas, Vice President – Information Services Expert: Eric Thornton, Commodity Specialist Expert: Kevin Combs, Vice President – Sweeteners Specialist
- COVID challenges in the food industry
- Derek Glade (Taffy Town) and AJ Khoury (Capol)
- Western Candy Conference!
- What is it and why you want to go
- More info can be found at westerncandyconference.org
- Registration is now open for our Spring Market Seminar 2022!
- Wednesday, April 27, Oakbrook, IL
- Register to attend in person or virtually—your choice!
- Register here!
Host: Michael Caughlan, President & CEO Guest: Derek Glade, VP Sales & Marketing, Taffy Town Guest: AJ Khoury, Technical Dir. of Sales, Capol
- Drier capacity remains an issue for N.A. starch and dextrose
- Alternative grind uses pulling attention of wet millers away from traditional products
- Get your orders in with extended lead times!
- For deeper insights purchase our updated study, U.S. Corn Wet Milling Industry: 2021 Edition
- Registration is open for our Spring Market Seminar 2022!
- Wednesday, April 27, Oakbrook, IL
- Register to attend in-person or virtually—your choice!
- Register here!
Host: Michael Caughlan, President & CEO Expert: Craig Ruffolo, Vice President – Commodity Specialist
- CPI 7.0%
- Near 40-year high
- PPI 9.7%
- Highest since records began in 2010
- O/N Fed funds target rate
- 00-0.25%
- The funds to CPI correlation suggests the Fed is well behind in raising rates
- Commodity and U.S. dollar reaction?
- Contingent on how fast other central banks move their own benchmark rates
Host: Michael Caughlan, President & CEO Expert: Shawn Bingham, Director of Risk Management
- Corn
- Ending stocks up with slight increase in STU
- Ethanol use up
- Soy complex
- Changes to domestic balance sheet minor
- Reasonably bullish factors within some categories
- Wheat
- U.S. stocks improve with export and feed demand revisions
- Winter Wheat Seedlings report
- Did we see an increase in acreage?
- Sugar
- More sugar for Louisiana
- Expect adjustments in March
- Some talk about 2023
Host: Michael Caughlan, President & CEO Expert: Nicole Thomas, Vice President – Information Services Expert: Eric Thornton, Commodity Specialist
- Grains
- Exports category should be lowered for all the grains
- Will USDA factor in recent South American weather and lower production estimates?
- Watch out for the quarterly grain stocks and winter wheat seedlings report
- Sugar
- Minor changes to sugar production for next week's WASDE?
- Sugar market negotiations are quiet for now
- Supply chain issues continue to be the challenge
- Register now for our upcoming Cocoa Market Update webinar on Jan. 26!
Host: Michael Caughlan, President & CEO Expert: Eric Thornton, Commodity Specialist
- What the corn!? Why are we above $6?
- Weather outlook in South America
- Specs add over 50,000 longs to corn positions in last three weeks
- Soybeans see biggest single week of buying in over a year
- Managed money traders still selling soybean oil
- Wheat interest mostly liquidations with a neutral bias
- Happy New Year!
Host: Michael Caughlan, President & CEO Expert: Eric Thornton, Commodity Specialist Expert: Shawn Bingham, Director of Risk Management
- Dairy
- Steep herd declines in 2021 have helped support and drive prices higher
- Will that trend continue in 2022 or will herd bounce back?
- Cocoa
- Grind expanded around the globe at an annual rate of 3.4% during 2021; can that trend continue?
- As we near the halfway point in the main crop season, arrivals are lagging
- Concerns are increasing for a mounting deficit in the upcoming season
- Energy
- Crude oil prices advanced from $47 to $70/barrel over the past year
- Inflation and rising interest rate environment set the stage as we move into 2022
- Will Omicron derail OPEC+ plans to expand output at these elevated prices?
Host: Michael Caughlan, President & CEO Expert: Jeffrey Rasinski, Consultant
- Wheat
- Total yield improves to 48-50 bushels per acre
- Ending stocks improve to over 583 million bushels
- CBD
- More states legalize CBD for food use
- Economy
- Covid finally fades from the economic landscape
- Inflation forces the Fed to raise rates more than 75bp
- S&P 500 ends lower than it begins
- Corn and soybean oil
- More volatility
- Tight commercial markets through FH 2022
- Sugar
- World #11 price ranges $0.18 - $0.22 on lower Indian exports
- Domestic production repeats itself in 2022, beet over 5.0 million
- Domestic #16 raw sugar stays above $0.34 per lb
- Happy Holidays!
Host: Michael Caughlan, President & CEO Expert: Eric Thornton, Commodity Specialist Expert: Shawn Bingham, Director of Risk Management Expert: Nicole Thomas, Vice President – Information Services Expert: Craig Ruffolo, Vice President – Commodity Specialist
- Corn and soybean complex
- Domestic corn and soy unchanged
- Stronger yield for soybean oil
- Lower global soybean ending stocks
- Wheat
- U.S. and global balance sheets improve slightly
- Record Australian crop at 34 MMT
- Sugar
- Beet and cane production lowered 20,000 and 72,000 STRV, respectively
- Mexican imports lowered despite recent additional 150,000 MT quota
- Don’t forget to register now for our Hot Ingredients webinar on Dec. 15!
- In-depth dive into honey, nuts, and oats
Host: Michael Caughlan, President & CEO Expert: Nicole Thomas, Vice President – Information Services Expert: Eric Thornton, Commodity Specialist Expert: Kevin Combs, Vice President – Sweeteners Specialist
- DOJ sues to block U.S. sugar acquisition of Imperial
- USDA and DOC increase Mexico imports 150,000 STRV
- Mexico production ramping up with improved yields
- Register now for our latest Hot Ingredients webinar on Dec. 15!
- In-depth dive into honey, nuts, and oats
Host: Michael Caughlan, President & CEO Expert: Kevin Combs, Vice President – Sweeteners Specialist
- Mike’s great Thanksgiving jokes!
- Nicole’s top 10 things supply chain professionals are thankful for this year!
- Happy Thanksgiving!
Host: Michael Caughlan, President & CEO Expert: Nicole Thomas, Vice President – Information Services
- Mexico getting into harvest
- Mills ramping up
- USDA raises production
- Mexico has lots of sugar to send to the world market
-
16 remains super tight
- No relief until April 2022
Host: Michael Caughlan, President & CEO Expert: Kevin Combs, Vice President – Sweeteners Specialist
- Snow is falling in Chicagoland!
- Inflation, as measured by CPI, hits highest level in 30 years
- Energy, food, and used cars top the inflation list
- Federal Reserve seemingly unresponsive
- Remember to register for our Risk Management Webinar!
- Featuring Eric Thornton and Shawn Bingham
- Wednesday, Nov. 17, 2 pm ET
Host: Kevin Combs, Vice President – Sweeteners Specialist Expert: Shawn Bingham, Director of Risk Management
- Corn
- Higher ending stocks for corn but stocks-to-use remains low
- Soy complex
- Domestic soybean oil balance sheet loosening but global scenario remains tight
- Wheat
- U.S. wheat exports fall to lowest since 2002/03
- Global stocks fall further
- Sugar
- Huge revisions for 2020/21 and 2021/22 beet production
- Lower on imports 2020/21, but up for 2021/22
- Deliveries reverse course and are lowered
Host: Michael Caughlan, President & CEO Expert: Nicole Thomas, Vice President – Information Services Expert: Eric Thornton, Commodity Specialist Expert: Kevin Combs, Vice President – Sweeteners Specialist
- Recap of the ABLC 2021 Conference
- Future of the bio industry
- Visit our website for a look at our 2021 U.S. Corn Wet Milling Study
- Keep an eye out for your invite to our upcoming webinar!
- Nicole Thomas and Shawn Bingham will cover risk management
- On Wednesday, Nov. 17, 2 pm ET
Host: Michael Caughlan, President & CEO Expert: Craig Ruffolo, Vice President – Commodity Specialist
- Why higher soybean oil despite better stocks?
- What factors are driving various oil markets higher, and how high could they go?
- For IQ subscribers
- Coverage recommendations for select edible oils markets
- Not an IQ subscriber but curious?
- Sign up here for a test drive! Vroom vroom!
- Happy Halloween!
Host: Michael Caughlan, President & CEO Expert: Nicole Thomas, Vice President – Information Services
- Q3 grinds post solid results for Europe, N. America, and Asia
- Lifting crop-year grind results to an impressive +3.4% globally
- Three weeks into the new season and arrivals have been sluggish
- Dry weather experienced earlier this spring and disappointingly lower farmgate price are being blamed
- Remember to register for our Fall Market Outlook Webinar!
- Nicole Thomas and Kevin Combs cover corn, soy complex, and sugar
- Next Wednesday, Oct. 27, 2pm ET
Host: Michael Caughlan, President & CEO Expert: Jeffrey Rasinski, Consultant
- Natural gas rally year to date tops 200% in U.S. and 400% in Europe
- TTF Hub (Europe) vs. Henry Hub (U.S.) traders caught the wrong way on the spread may have contributed to the recent spike above $6.00
- Spike in prices has caused the collapse of multiple British energy suppliers
- Political winds both here and abroad are likely to keep prices elevated along with lower-than-average U.S. stored supplies this winter
- Remember to register for our Fall Market Outlook Webinar!
- Wednesday, Oct. 27, 2 pm ET
Host: Michael Caughlan, President & CEO Expert: Shawn Bingham, Director of Risk Management
- Corn & soy complex
- Big bear day for corn, soybeans, and soybean oil—higher stocks
- Wheat
- Production now the lowest in 19 years
- Ending stocks fall to 580 million bushels
- Sugar
- Record beet crop forecasted at 5.348 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
- General CBD market update
- Retail sales through COVID
- Market consolidation
- Crop pricing and harvest
- Regulatory environment
- Recent Californian legislation
- Developments and education
- R&D guidance
- Formulations, solutions, and blending
- CBD inclusions for oils, chocolate liquor/butter
- Download our newly updated CBD study for free!
Host: Michael “Caughy” Caughlan, President & CEO Expert: Dave “Swany” Swanwick, Director of Sales, KND Labs
- Open outcry has been silenced
- Remembrances from the past
- Impact on the markets
- UB Executive Conference. Thank you, Urner Barry!
Host: Michael Caughlan, President & CEO Expert: Nicole Thomas, Vice President – Information Services Expert: Kevin Combs, Vice President – Sweeteners Specialist Expert: Shawn Bingham, Director of Risk Management
- Milk product report
- Milk output up slightly as herd continues to drop
- Fonterra GDT auction
- Both skim and whole milk gain ground
- Cold storage report
- Butter stocks fall
- Remember to register for our Wheat Fundamentals Webinar!
- Eric Thornton covers all you need to know on wheat
- Next Wednesday, Sep. 29, 2pm ET
Host: Craig Ruffolo, Vice President – Commodity Specialist Expert: Jeffrey Rasinski, Consultant
- Break on through… Shawn's doors
- Managed money AUM sees big first-half increases
- Increased speculator activity
- Long liquidations continue, but funds not yet selling short
- Seasonal corn low may not be in, but the floor seems pretty clear
Host: Michael Caughlan, President & CEO Expert: Shawn Bingham, Director of Risk Management
- 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
- 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
- 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
- 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
- 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 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
- 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
- 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
- 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
- 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
- Daily new COVID-19 cases are on the rise again
- Delta variant rapidly growing
- Markets to monitor?
- Impact on the “reflation” trade could keep pressure on commodities
- Sugar
-
16 raw sugar prices spike to $0.36
- Hurricane season underway, supporting raw sugar prices
- USDA reassigns only 76,000 tons, disappoints trade
-
- Mark your calendar for our next webinar: July 28
- The first of a series where we’ll cover hot new ingredients!
- Registration available soon!
Host: Michael Caughlan, President & CEO Expert: Shawn Bingham, Director of Risk Management Expert: Kevin Combs, Vice President – Sweeteners Specialist
- Fireworks hitting sugar futures markets early
- Frost hits Brazil
- Hurricane Elsa targeting Florida?
- Happy Fourth of July!
Host: Eric Thornton, Commodity Specialist Expert: Kevin Combs, Vice President – Sweeteners Specialist
- Wheat
- Wheat acres increase 300,000 acres to 46.7 million acres
- Corn and soy complex
- Corn, soy acreage well below analysts’ expectations
- Stocks, disappearance reflects strong year of demand
Host: Nicole Thomas, Vice President – Information Services Expert: Eric Thornton, Commodity Specialist
- Wheat
- Spring wheat acres are forecasted to decline
- Corn and soy complex
- Corn and soybeans attempt to beat up the competition
- Login to our IQ platform to hear Shawn break down the technicals on pricing.
- Not a subscriber? Email us to find out more!
Host: Michael Caughlan, President & CEO Expert: Nicole Thomas, Vice President – Information Services Expert: Eric Thornton, Commodity Specialist Expert: Shawn Bingham, Director of Risk Management
- 2021 hemp licenses are down vs. 2020
- Demand for CBD steady in the US, growing globally
- Regulatory gamechanger on the horizon?
- Happy Father’s Day!
Host: Michael Caughlan, President & CEO Expert: Eric Thornton, Commodity Specialist
- Sugar
- Sugar imports lowered 50,000 STRV for re-export program
- Stocks-to-use lowered to 14.3%
- Corn
- U.S., global corn stocks fall further
- Soybeans
- Lower soybean crush?
- Register for our upcoming Summer Market Outlook webinar, June 17!
Host: Kevin Combs, Vice President – Sweeteners Specialist Expert: Nicole Thomas, Vice President – Information Services
- June WASDE is more about old crop revisions typically
- Sugar
- Little changes with no adjustments to imports from USDA yet
- Corn
- Production in Brazil likely to be significantly lower
- Wheat
- Yields to increase?
- Early ratings for Spring wheat are very poor
- Register here for our Summer Market Outlook Webinar, Thurs., June 17!
Host: Michael Caughlan, President & CEO Expert: Kevin Combs, Vice President – Sweeteners Specialist Expert: Eric Thornton, Commodity Specialist
- Sugar
- Raw sugar prices skyrocket
- Ingredients for refined sugar market are in the pot
- Contract negotiations for 2022 have commenced
- Dairy
- USDA releases Milk Production Report and Cold Storage Report
- Herd count and milk yield at all-time highs
- Why are prices still going up?
Host: Michael Caughlan, President & CEO Expert: Craig Ruffolo, Vice President – Commodity Specialist Expert: Jeffrey Rasinski, Consultant
- Recent weakness turning short-term technical trend in some grain futures contracts
- Long-term models still clearly bullish
- Estimated average speculator positions in corn and soybean oil a long way from being underwater and forcing liquidations
- It’s all profit taking right now
- On this day in history:
- 1927: Charles Lindberg solos across the Atlantic Ocean
- 1932: Amelia Earhart does it again!
- And (drum roll, please) 1973: Mike Caughlan is born… Happy Birthday, Mike!
Host: Nicole Thomas, Vice President – Information Services Expert: Shawn Bingham, Director of Risk Management
- Urner Barry introduction
- All about the egg market
- Bad egg puns
- Protein market update
- What’s going on with chicken?
Host: Michael Caughlan, President & CEO Expert: Eric Thornton, Commodity Specialist Guest: Brian Moscogiuri, Dir. of Egg and Egg Products, Urner Barry
- Corn
- 2020/21 domestic corn stocks drop further
- Soybeans
- 12 billion pounds of soybean oil “biofuel” usage?
- Sugar
- 2021 sugar forecast at record 9.310 million STRV
- Wheat
- 2021/22 wheat outlook shows lower ending stocks
- 900 million export target for 2021/22
- Lowest since 2009/10
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/Soybeans
- Market awaiting first look at 2021/22 for corn, soybeans.
- More global stock declines to come?
- Sugar
- Small changes for 2021 sugar S&D expected in WASDE report
- Initial 2022 estimates based on March planting intentions and trendline yields
- Happy Mother’s Day to all the mothers out there!
Host: Michael Caughlan, President & CEO Expert: Nicole Thomas, Vice President – Information Services Expert: Kevin Combs, Vice President – Sweeteners Specialist
- Soy oil futures test $0.70 per pound!
- Current market conditions—and maybe for the long-haul
- For IQ Plus and Premier Subscribers
- Strategy development for a challenging oils market
Host: Michael Caughlan, President & CEO Expert: Nicole Thomas, Vice President – Information Services
- Inflation and factors impacting it
- What to expect this year
- Spring Seminar next week! Join us on Apr. 27 and 28 at our virtual Spring Market Seminar 2021! Register here!
Host: Michael Caughlan, President & CEO Expert: Shawn Bingham, Director of Risk Management
- Brazil/South America outlook is dry as we approach May (the dry season)
- North American weather outlook
- Dakotas are very dry
- Our spring seminar is less than two weeks away, on Apr. 27 and 28!
- The Food Revolution Resumes! Register today!
Host: Craig Ruffolo, Vice President – Commodity Specialist Expert: Eric Thornton, Commodity Specialist
- Sugar
- Bit of a yawner
- Production lowered 30,000 STRV, but high tier imports offset with 30,000 STRV increase
- Corn
- Stocks lowered 150 million bushels on increased demand
- Soybeans
- No change in ending stocks
- Wheat
- Stocks rise in the U.S. but fall globally
- And don’t forget to register for our Spring Seminar coming up April 27 and 28. The Food Revolution Resumes!
Host: Michael Caughlan, President & CEO Expert: Kevin Combs, Vice President – Sweeteners Specialist Expert: Eric Thornton, Commodity Specialist
- Soybeans and corn
- Snikes! Acreage numbers severely miss expectations
- Stocks fall within the range of forecasts
- Wheat
- Wheat acres rise to 46.4 million acres
- Winter wheat acres up 9 percent
- Sugar
- Sugar beet acreage up 6,800 acres
- Gonzaga will win the NCAA Basketball Championship!
- And don’t forget to register for our Spring Seminar coming up April 27 and 28. The Food Revolution Resumes!
Host: Kevin Combs, Vice President – Sweeteners Specialist Expert: Nicole Thomas, Vice President – Information Services Expert: Eric Thornton, Commodity Specialist
- Sugar
- Beet: minimal increases
- Cane: aggressive expansion for Louisiana?
- Wheat
- Spring wheat: expecting to see reductions
- Suez Canal
- We’re sending Dario to help!
- And don’t forget to register for our Spring Seminar coming up April 27 and 28. The Food Revolution Resumes!
Host: Michael Caughlan, President & CEO Expert: Kevin Combs, Vice President – Sweeteners Specialist Expert: Eric Thornton, Commodity Specialist
- Recap of Western Candy Conference
- Brand creation and promotion
- Cyber protection and security
- Politics and sugar policy
- Become a member of the Western Candy Conference. We did!
- And don’t forget to register for our incredible Spring Seminar coming up April 27 and 28. The Food Revolution Resumes!
Host: Michael Caughlan, President & CEO Expert: Craig Ruffolo – Commodity Specialist
- Brief history of how the soy complex reached recent heights
- Soybeans, soy meal under pressure—not soybean oil!
- Strength in demand across multiple categories
- Join us on Apr. 27 and 28 at our virtual Spring Market Seminar 2021! Register here!
Host: Michael Caughlan, President & CEO Expert: Nicole Thomas, Vice President – Information Services
- Corn/soybeans
- Domestic corn and soybean ending stocks left unchanged
- Slight increases for global stocks
- Wheat
- Record wheat production for Australia
- Global ending stocks drop further
- Sugar
- Sugar production increased 62,000 STRV
Host: Michael Caughlan, President & CEO Expert: Nicole Thomas, Vice President – Information Services Expert: Kevin Combs, Vice President – Sweeteners Specialist Expert: Eric Thornton, Commodity Specialist
- Dairy
- Strongest GDT auction results since Fall 2015
- Sugar
- Industry banned together to get through tough year and half
- Corn and soy complex
- Not the year for attempting to game the market
- Energy
- Will higher crude oil reignite many bio-based projects?
- Managed money
- Record agriculture net longs, what could break the cycle?
- Learn more about the CFTC's Commitments of Traders Report in our Mar. 10 webinar. Register here!
- Join us on Apr. 27 and 28 at our virtual Spring Market Seminar 2021! Register here!
Host: Michael Caughlan, President & CEO Expert: Craig Ruffolo, Vice President – Commodity Specialist Expert: Nicole Thomas, Vice President – Information Services Expert: Kevin Combs, Vice President – Sweeteners Specialist Expert: Jeffrey Rasinski, Consultant Expert: Shawn Bingham, Director of Risk Management
- Fed talk and expectations on inflation
- Index money flows and futures
- Learn more about the COT report in our Systematic Modeling webinar Mar. 10. Register here!
- Join us on Apr. 27 and 28 at our virtual Spring Market Seminar 2021! Register here!
- And finally, from the 70s soft rock phenom, Robert John sings "Sad Eyes": https://www.youtube.com/watch?v=l5grdfnGUss
Host: Michael Caughlan, President & CEO Expert: Shawn Bingham, Director of Risk Management
- Soybeans
- Acres announced at 90 million
- Carryout anticipated tightness continues
- Corn
- Acres announced to eclipse 92 million
- Grain
- Prices still reflect tight carryout throughout 2021/22 year
- Don’t forget to register for our virtual Spring Seminar, April 27 & 28!
Host: Michael Caughlan, President & CEO Expert: Craig Ruffolo – Commodity Specialist
- Weather update
- It’s cold out there!
- Crude oil
- Refineries operating at 83% capacity
- Natural gas
- Stocks declining
Host: Craig Ruffolo, Vice President – Commodity Specialist Expert: Jeffrey Rasinski, Consultant
- Corn
- U.S. stocks reduced minimally
- Global stocks show surprising increase
- Soybeans
- Domestic soybean stocks, at 120 million bushels, reflect expected decline
- Sugar
- Sugar production up 156,000 STRV with Lousiana crop at a record 1.957 million STRV
- Florida production raised 65,000 STRV to 2.2 million STRV
- Beet production 5.046 million STRV
- Register here for our virtual Spring Seminar, April 27 & 28!
Host: Michael Caughlan, President & CEO Expert: Nicole Thomas, Vice President – Information Services Expert: Kevin Combs, Vice President – Sweeteners Specialist
- Will we see more fireworks from the USDA?
- Export demand for grains could increase yet again
- Louisiana Sugar crop production going up?
- Register here for our virtual Spring Seminar, April 27 & 28!
Host: Michael Caughlan, President & CEO Expert: Eric Thornton, Commodity Specialist
- Corn, soybeans, wheat
- Rain when and how much?
- Export timeline shifting
- Opportunities for coverage
Host: Michael Caughlan, President & CEO Expert: Nicole Thomas, Vice President – Information Services
- What will the impact be for clients on both the user and supplier sides?
- Recap on sugar-containing products
- Register for our webinar on Feb. 3, 2021: Key Ingredients in 2021
Host: Michael Caughlan, President & CEO Expert: Craig Ruffolo – Commodity Specialist
- Money is moving back into commodity futures in a big way
- How long will they be here and what does it mean for futures prices moving forward?
Host: Nicole Thomas, Vice President – Information Services Expert: Shawn Bingham, Director of Risk Management
- Corn
- More surprises for corn in today’s Grain Stocks report
- Soybeans
- Soybean stocks get tighter… but tight enough?
- Soybean oil driven by strength in soybeans
- Sugar
- Beet production raised from December
- Louisiana cane looking up
- Additional supply: What does it all mean?!?
Host: Michael Caughlan, President & CEO Expert: Nicole Thomas, Vice President – Information Services Expert: Kevin Combs, Vice President – Sweeteners Specialist
- World sugar
- Impacts on #11
- Beet and cane production update
- What will USDA do on Tuesday’s WASDE report?
Host: Michael Caughlan, President & CEO Expert: Kevin Combs, Vice President – Sweeteners Specialist
- CBD
- 2020: 1.2 billion retail sales (nailed it!)
- 2021: FDA regulations will happen
- Wheat
- 2021: expect wide range of futures prices
- Dairy
- 2020: 50K more herd (yes!) and more exports (again, yes!)
- Cocoa
- 2021: grind will increase by 1.5%
- Sugar
- 2020: higher beet production (correct, sir!) and Suspension Agreements reinstated (right on)
- 2021: Louisiana cane crop will come in higher, Mexico sugar will increase, and #11 will end the year under 14 cents
- Edible oils
- 2020: prices to increase
- 2021: roller coaster ride for corn, soybeans, and soybean oil in the futures market
- Corn
- 2021: South American weather to be better and Brazilian corn crop larger than expected
- Bold Super Bowl predictions from the group: BOTH Bills and Steelers to win!
Host: Michael Caughlan, President & CEO Expert: Nicole Thomas, Vice President – Information Services Expert: Craig Ruffolo, Vice President – Commodity Specialist Expert: Eric Thornton, Commodity Specialist Expert: Jeffrey Rasinski, Consultant
- grate·ful: A word from the Prez
- Nicole reads her favorite Christmas poem, sharing a bit of insight into today's markets
- Corn Up! Beans Up! Sugar Up! Cocoa Up!
- OJ Not Up!
- Happy Holidays!
Host: Michael Caughlan, President & CEO Expert: Nicole Thomas, Vice President – Information Services
- Catch up on the latest from:
- Fonterra GDT global auction for dairy ingredients
- USDA Milk Production report
- What is helping support the dairy markets?
- Review of the U.S. output of milk and trends in herd and yield
- Recommendations for buyers to start positioning for 2021
Host: Craig Ruffolo, Vice President – Commodity Specialist Expert: Jeffrey Rasinski, Consultant
- Corn
- Domestic corn stocks unchanged
- Global stocks down 2.5 MMT
- Soybeans
- U.S. soybean stocks lower
- Soybean oil stocks higher
- Sugar
- Stocks-to-use ratio at 13.5%
- USDA reduces beet crop, while imports go up
- WEBINAR! COCOA MARKET UPDATE - DECEMBER 16, 2020 - REGISTER HERE!
Host: Michael Caughlan, President & CEO Expert: Nicole Thomas, Vice President – Information Services Expert: Kevin Combs, Vice President – Sweeteners Specialist
- Corn and soybeans
- Keyword: Stocks!
- Sugar
- Quiet with industrial business done for this crop year
- Look to Q2 for discussions to ramp up
- Premier content for IQ subscribers
- What can be done for edible oils?
- Log in to IQ
If you are not a subscriber to the IQ Ingredient Intelligence Platform and would like to learn more, please contact us! Host: Michael Caughlan, President & CEO Expert: Nicole Thomas, Vice President – Information Services
- Does Mexico have enough sugar to meet our increasing demand?
- Status of current crop in Mexico
- 20% up and yields have been positive to last year
- Happy Thanksgiving from the McKeany-Flavell team!
Host: Michael Caughlan, President & CEO Expert: Kevin Combs, Vice President – Sweeteners Specialist
- What is La Niña?
- Impact of La Niña on grains, sugar, and cocoa
- Eric, the weather guy!
Host: Michael Caughlan, President & CEO Expert: Eric Thornton, Commodity Specialist
- COVID-19
- Consumer trends driving product innovation
- CBD market review
- Post-election update
- What will a Biden administration do with federal regulation?
- Download our free CBD Market Study!
- Who will win the Masters?
- Craig and Eric weigh in!
Host: Craig Ruffolo, Vice President – Commodity Specialist Expert: Eric Thornton, Commodity Specialist
- Corn
- U.S., global corn ending stocks fall substantially
- Soybeans
- Soybean balance sheet grows additionally bullish
- U.S. soybean oil bucks trend with higher ending stocks
- Sugar
- Beet production lowered 307,000 STRV
- Ending stocks-to-use placed at bullish 10.6%
- IQ Plus subscription offer! Email us at inquire@mckeany-flavell.com by Mon., Nov. 16, and tell us you heard about the promo from this podcast, and we’ll give you 10% off your first year’s IQ Plus subscription on our IQ Ingredient Intelligence Platform!
Host: Michael Caughlan, President & CEO Expert: Nicole Thomas, Vice President – Information Services Expert: Kevin Combs, Vice President – Sweeteners Specialist
- U.S. dollar under pressure
- Grains and oilseeds
- Supply, supply, and supply!
- Sugar
- 2019/20 adjustments to cane
- 2020/21 potential beet reduction
- A December WASDE reset?
Host: Michael Caughlan, President & CEO Expert: Nicole Thomas, Vice President – Information Services
- Sugar
- Why is the #16 at 28?
- What’s next for the #16 market?
- Wheat
- Weather concerns
- Will recent selloff continue?
- Happy Halloween!
Host: Michael Caughlan, President & CEO Expert: Kevin Combs, Vice President – Sweeteners Specialist Expert: Eric Thornton, Commodity Specialist
- How the market moved $1 per bushel higher in less than 6 months.
- Are we there (top) yet?
- Comparable crop years (for clients listening on IQ Platform)
- Register for our Fall Market Outlook webinar on Wed., Oct. 28!
Host: Michael Caughlan, President & CEO Expert: Nicole Thomas, Vice President – Information Services
- Ivory Coast presidential election rapidly approaching
- Global cocoa grind down nearly 3%
- COVID-19 impact
- North American confectionary sales are sluggish
- Sugar demand for confections is down, down, down
Host: Craig Ruffolo, Vice President – Commodity Specialist Expert: Jeffrey Rasinski, Consultant
- Corn and soybeans
- Stocks fall domestically and globally
- Are we there yet? Markets might be poised for a selldown
- Sugar
- Beet production increased
- Cane crop hit by hurricanes
Host: Michael Caughlan, President & CEO Expert: Nicole Thomas, Vice President – Information Services
- The McKeany-Flavell Falcons take on the Commodity Cavaliers in a Q4 2020 matchup
- “Player” profiles and scouting reports on corn, corn sweetener, sugar, and cocoa
- Register now for our Systematic Modeling Webinar on Oct. 7!
Host: Michael Caughlan, President & CEO Expert: Eric Thornton, Commodity Specialist
- Soy Complex loses some of its steam
- Global vegetable oil market tightening
- Oils prices to remain elevated with fundamental backing
- Thank your kid’s teacher today!
- And don’t forget to register for our must-attend Systematic Modeling Webinar on Oct. 7!
Host: Michael Caughlan, President & CEO Expert: Nicole Thomas, Vice President – Information Services
- Wheat:
- Supply and demand overview
- Global increases in production drive up ending stocks
- We're in a wheat glut
- Hemp/CBD:
- Hemp harvest underway
- Impact of western fires
- Regulatory status and new bill reaches Congress
- Download our free CBD study!
Host: Michael Caughlan, President & CEO Expert: Eric Thornton, Commodity Specialist
- Corn
- Production reduced but ending stocks remain high
- Soybeans
- Ending stocks drop by 25%
- Soybean oil down by over 200 million pounds
- Sugar
- USDA lowers Mexican imports 191,000 STRV to bring STU to 13.5%
- U.S. production raised 27,000 STRV
- Welcome back, Nicole!
Host: Michael Caughlan, President & CEO Expert: Nicole Thomas, Vice President – Information Services Expert: Kevin Combs, Vice President – Sweeteners Specialist
- Changes in the infrastructure?
- No catastrophic damage to refineries, but days were lost
- More storms to come this season
- Will we overlap the alphabet?
- Long-term perspective on the energy markets
- Suggestions for the future
For our IQ members, check out Jeff’s IQ post, “Crude oil stocks down after Hurricane Laura”
Host: Kevin Combs, Vice President – Sweeteners Specialist Expert: Jeffrey Rasinski, Consultant
- Shame on you, Laura!
- Hurricane’s impact on Louisiana sugarcane industry
- Vuna, plant-based seafood
- You in?
- CBD
- Education will lead to CPG product introductions
- COVID-19 has you snacking more than ever
- Don’t deny it
Host: Michael Caughlan, President & CEO Expert: Craig Ruffolo, Vice President – Commodity Specialist
- Retail growth
- Supply chain challenges
- Increased dependency on tech and communication
- Trucking: game of numbers
- Manufacturing & plant challenges
- Honey
- COVID impact on table honey market
- Increased retail demand
- Ingredient honey
- Risk to price to the upside
- Crop dependent marketplace
Host: Michael Caughlan, President & CEO Expert: Drew Burke, Vice President – Procurement & Risk Management, Sweetener Supply
- Favorite summertime activities
- Overview of wheat fundamentals
- CBD water-miscible technology explained from KND Labs
- Download our free CBD study!
Host: Michael Caughlan, President & CEO Expert: Eric Thornton, Commodity Specialist
- Corn
- Yield placed at record 181.8 bpa
- Ethanol demand outlook
- Derecho windstorm impact
- Sugar
- Beet production raised to 5.199 million STRV
Host: Michael Caughlan, President & CEO Expert: Kevin Combs, Vice President – Sweeteners Specialist
- Will December corn futures go sub $3.00 per bushel?
- Healthy soybean balance sheet all depends on yield hitting over 51 bushels per acre
- Can beet sugar production reach 5.2 million short tons?
Host: Craig Ruffolo, Vice President – Commodity Specialist Expert: Kevin Combs, Vice President – Sweeteners Specialist
- Today we introduce our CBD partner, KND Labs!
- Opportunities and challenges in CBD space for Food & Bev manufacturers
- Background on sourcing efforts and vetting a CBD partner
- Complete KND product portfolio overview
- Capability and quality overview
- Download our free CBD study!
Host: Michael Caughlan, President & CEO Expert: Eric Thornton, Commodity Specialist
Guest: Dave Swanwick, Director of Sales, KND Labs
- Cocoa bean grinds for Q2
- North America, Asia, and more!
- Political backdrop in Ivory Coast
- Presidential election up for grabs after death of Prime Minister Coulibaly
- Don’t forget to sign up for our CBD Ingredient Market webinar on Jul. 29!
Host: Michael Caughlan, President & CEO
Expert: Jeffrey Rasinski, Consultant
- Challenges on securing new ingredients
- Access to marketing information
- Introductions to new business relationships
Host: Michael Caughlan, President & CEO Expert: Craig Ruffolo, Vice President – Commodity Specialist
- Corn
- Lower acreage but still record corn production of 15 billion bushels!
- Sugar
- 2019/20 ending stocks increased to 14.5%
- 2020/21 beet crop estimate conservative at 5.0 million STRV?
Host: Michael Caughlan, President & CEO Expert: Kevin Combs, Vice President – Sweeteners Specialist
- Early observations on corn and soybean crop development
- In line with USDA crop progress reports
- Indications of degradation?
- Where was the unplanted acreage?
- Are we likely to hit trendline yields?
- Read Eric's complete crop tour posts on IQ!
Host: Michael Caughlan, President & CEO Expert: Eric Thornton, Commodity Specialist
- Big day! Both USDA Acreage Report and USDA Grain Stocks Report throw zingers.
- Corn acreage well below expectations
- Soybean acreage below expectations
- 4-million-acre mystery
- Impact on basis
- Commitment of Traders (COT) reports
- History and importance of these reports
- Rules-based trend trading
- Creation of market momentum
- Procurement: How this information helps buyers
- Don't miss our own Eric Thornton's early crop road tour on the IQ platform!
Host: Nicole Thomas, Vice President – Information Services Expert: Shawn Bingham, Founder, ABSR Research, Chicago
- Wheat overview
- Fundamental outlook on wheat for 2020/21
- Look for more wheat info on our IQ Ingredient Intelligence platform
- Virtual crop tour next week!
- Upcoming CBD report and webinar
Host: Michael Caughlan, President & CEO Expert: Eric Thornton, Commodity Specialist
- Fonterra’s Global Dairy Trade auction
- Most categories on the rise
- Demand returning from Asia/China
- USDA’s Milk Production report
- Lower total dairy output
- Decrease in total dairy herd
- Summer and fall expectations for dairy markets
Host: Michael Caughlan, President & CEO Expert: Jeffrey Rasinski, Consultant
- Corn
- Expected reduction in ethanol
- Ending stock projections for 2020/21
- Soybeans
- Modest rise in stocks for 2019/20
- Sugar
- Demand down for food use
- Sugar deliveries lowered 75,000 STRV
- Imports from Mexico increased 205,000 STRV
Host: Michael Caughlan, President & CEO Expert: Nicole Thomas, Vice President – Information Services Expert: Kevin Combs, Vice President – Sweeteners Specialist
- Corn
- What additional changes will be made in the ethanol category for 2019/20?
- Soybeans
- Will USDA adjust acreage numbers for 2020/21?
- Sugar
- A tough year for production and deliveries numbers
Host: Michael Caughlan, President & CEO Expert: Nicole Thomas, Vice President – Information Services