 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

McKeany-Flavell Hot Commodity Podcast Series

Yikes! What’s going on with the edible oils markets?

 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  

It’s 2022 but things look oddly like 1979

 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

Diving into the WASDE waters

 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  

Next week’s WASDE: Steady as it goes

 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

COVID challenges with Taffy Town & 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  

Tightness in wet milled products is on the menu for 2022

 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  

Another stop at Inflation Station! All aboard!

 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 

January WASDE update & the Grain Stocks reports

 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 

Grains & sugar: Sizing up next week’s WASDE

 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  

What the corn!? And other musings with Shawn & Eric

 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  

2022 market predictions: Part 2

 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  

Our 2022 predictions are in!

 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  

December WASDE: Silly, sleepy USDA

 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  

Sugar, sugar, & more sugar

 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  

Thanksgiving fun with Mike & Nicole!

McKeany-Flavell Hot Commodity Podcast Series: Empowering clients with commercial intelligence, supply chain expertise, and risk management solutions.

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McKeany-Flavell Hot Commodity Podcast Series

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