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Black Sea Port Attacks Rally Wheat prices
Join Dennis Voznesenski, Director, Sustainable and Agricultural Economist at Commonwealth Bank, for this week’s Agri Commodity Update — where Black Sea disruption, oil-markets and the Middle East collide with Australian farmgate prices.
This week, Dennis unpacks why wheat prices rallied sharply as Russia-Ukraine attacks disrupted Black Sea export logistics, why Australian APW1 prices rose but lagged offshore futures, and how WA rainfall is changing local crop prospects. He also breaks down canola’s lift from crude oil, soybean oil, European crop downgrades and improved Chinese import access, before turning to cattle markets where rainfall and US beef demand remain supportive, but higher feedgrain costs, larger yardings and Brazilian beef competition are limiting upside.
Disclaimer:
Important Information
This podcast is approved and distributed by Global Economic & Markets Research (“GEMR”), a business division of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (“the Bank”).
Before listening to this podcast, you are advised to read the full GEMR disclaimers, which can be found at www.commbankresearch.com.au.
No Reliance
This podcast is not investment research and nor does it purport to make any recommendations. Rather, this podcast is for informational purposes only and is not to be relied upon for any investment purposes.
This podcast does not take into account your objectives, financial situation or needs. It is not to be construed as a solicitation or an offer to buy or sell any securities or other financial products, or as a recommendation, and/or investment advice. You should not act on the information in this podcast.
The Bank believes that the information in this podcast is correct and any opinions, conclusions or recommendations made are reasonably held at the time given, and are based on the information available at the time of its compilation. No representation or warranty, either expressed or implied, is made or provided as to accuracy, reliability or completeness of any statement made.
Liability Disclaimer
The Bank does not accept any liability for any loss or damage arising out of any error or omission in or from the information provided or arising out of the use of all or part of the podcast.
Usage of Artificial Intelligence
To enhance efficiency, GEMR may use the Bank approved artificial intelligence (AI) tools to assist in preparing content for this podcast. These tools are used solely for drafting and structuring purposes and do not replace human judgment or oversight. All final content is reviewed and approved by GEMR analysts for accuracy and independence.
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By commbankagripodcastJoin Dennis Voznesenski, Director, Sustainable and Agricultural Economist at Commonwealth Bank, for this week’s Agri Commodity Update — where Black Sea disruption, oil-markets and the Middle East collide with Australian farmgate prices.
This week, Dennis unpacks why wheat prices rallied sharply as Russia-Ukraine attacks disrupted Black Sea export logistics, why Australian APW1 prices rose but lagged offshore futures, and how WA rainfall is changing local crop prospects. He also breaks down canola’s lift from crude oil, soybean oil, European crop downgrades and improved Chinese import access, before turning to cattle markets where rainfall and US beef demand remain supportive, but higher feedgrain costs, larger yardings and Brazilian beef competition are limiting upside.
Disclaimer:
Important Information
This podcast is approved and distributed by Global Economic & Markets Research (“GEMR”), a business division of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (“the Bank”).
Before listening to this podcast, you are advised to read the full GEMR disclaimers, which can be found at www.commbankresearch.com.au.
No Reliance
This podcast is not investment research and nor does it purport to make any recommendations. Rather, this podcast is for informational purposes only and is not to be relied upon for any investment purposes.
This podcast does not take into account your objectives, financial situation or needs. It is not to be construed as a solicitation or an offer to buy or sell any securities or other financial products, or as a recommendation, and/or investment advice. You should not act on the information in this podcast.
The Bank believes that the information in this podcast is correct and any opinions, conclusions or recommendations made are reasonably held at the time given, and are based on the information available at the time of its compilation. No representation or warranty, either expressed or implied, is made or provided as to accuracy, reliability or completeness of any statement made.
Liability Disclaimer
The Bank does not accept any liability for any loss or damage arising out of any error or omission in or from the information provided or arising out of the use of all or part of the podcast.
Usage of Artificial Intelligence
To enhance efficiency, GEMR may use the Bank approved artificial intelligence (AI) tools to assist in preparing content for this podcast. These tools are used solely for drafting and structuring purposes and do not replace human judgment or oversight. All final content is reviewed and approved by GEMR analysts for accuracy and independence.