Panelists - Jim McCormick, AgMarket.net - Ted Seifried, ZanerAgHedge.com - Mike Zuzolo, GlobalCommResearch.com The August 13 edition of Commodity Week, hosted by Todd Gleason, features panelists Jim McCormick, Ted Seifried, and Mike Zuzolo analyzing the latest USDA crop production and WASDE reports. The discussion centers on the USDA&#x27;s adjustments to corn and soybean acreage, as well as the unexpectedly yield estimates despite adverse weather in the western Corn Belt. The panelists evaluate the significant geopolitical risks impacting the agricultural sector, particularly the disruption of Black Sea grain exports due to the Russia-Ukraine conflict and the tightening global supply of diesel and fertilizer linked to ongoing tensions in the Middle East. Looking ahead, the experts debate the potential impact of a super El Niño on upcoming South American production. ★ Support this podcast ★

Aug 13 | Commodity Week

Commodity Week

This is the August 13 edition of Commodity Week. Todd Gleason's services are made available to WILL by University of Illinois Extension. Welcome to Commodity Week. I am Todd Gleason. Our panelists for the day include Jim McCormick. He's at agmarket.net. Ted Seifert is joining us from zaneraghedge.com. And Mike Suslow is here from

globalcomresearch.com. Commodity Week, of course, is a production of Illinois Public Media. It is public radio for the farming world online on demand at willag.org. W-I-L-L-A-G dot O-R-G. Gentlemen, let's start with a list of items. I know the World Agricultural Supply and Demand estimates along with the crop reduction report from earlier in the week will be on that list. But I'm wondering, and I'll start with you, Ted Seifert, what else you might be thinking about today?

Yeah, absolutely. Like you said, the report, we certainly have to talk about weather and the change in weather patterns that we've seen for at least a portion of the growing area since the beginning of August. And then finally, the last couple days, we've had the Black Sea area really affecting trade for corn and wheat as well. So for me, those are the three big ones right now. Mike Souselow, globalcomresearch.com. Your thoughts and list?

Yeah, the only other thing I would say, Todd, is to talk maybe a little bit about the wheat and the crude oil relationship still being very, very strong and why prices really aren't jumping after in corn, especially after the USDA surprise numbers. And finally, Jim McCormick, anything to add? I think for the most part, Todd, those gentlemen nailed the big topics that everyone's talking about. So I think we're good. Okay, so I want to start, Mike, with you because I'm going to let you take

Aug 13 | Commodity Week

Read the full transcript

The candid version is on a podcast,
not the earnings call.

Aug 13 | Commodity Week

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.