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

McKeany-Flavell Hot Commodity Podcast

English - January 12, 2024 22:27 - 24 minutes - 33.5 MB - ★★★★★ - 8 ratings
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Previous Episode: Inflation station reporting slowing trains

Next Episode: Natural & organic sweeteners with Samantha Yap of PanaSource

Sugar
Sugar production forecast at record 9.391 million STRV
High-tier imports increased 110,000 SRV to 575,000 STRV
Mexico production lowered 267,000 MT to 5.016 MMT

Wheat
Winter wheat seedings released: 34.4 million acres, down 6%
Harvested area should improve YOY
Little change for WASDE and ending stocks

Corn
USDA surprises with better U.S. corn yield
Huge global stocks increase

Soy complex
Domestic soybean stocks edging higher
Soybean oil balance sheet is precarious

Mark your calendars!
McKeany-Flavell’s Spring Market Seminar coming April 17, 2024!
Registration is now open at mckeany-flavell.com

Our next webinar: Key Ingredients in 2024
Wednesday, January 31
Invites coming your way soon!

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