CommBank Agri Podcast

Join Dennis Voznesenski, CBA's agricultural and sustainability economist, as he delves into the wheat and barley price outlook for 2027. 

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. 

Join Dennis Voznesenski, CBA’s Agricultural and Sustainability Economist, for this week’s Agri Commodity Update. This week, Dennis unpacks why global wheat prices fell while Australian APW1 prices rose, and why renewed Russia-Ukraine peace talks could trigger further downward pressure if Black Sea exports recover. He also examines canola’s decline from increasing global supply and softer chickpea prices. Lastly he delves into cattle markets where heavy east-coast rainfall and strong US beef-import demand are supporting prices. You can find more regular updates from Dennis on X (@Voz_Dennis) or on LinkedIn by searching Dennis Voznesenski.

Join Dennis Voznesenski, CBA’s Agricultural and Sustainability Economist, for this week’s Agri Commodity Update. This week, Dennis unpacks why global wheat prices fell while Australian APW1 prices rose, and why restored Black Sea shipping could trigger a sharp correction lower. He also examines canola’s downward price pressure from increasing northern hemisphere supply, and stronger chickpea and lentil prices. Lastly he delves into cattle markets where improving rainfall prospects and strong US beef-import demand are supporting prices. You can find more regular updates from Dennis on X (@Voz_Dennis) or on LinkedIn by searching Dennis Voznesenski.

This week Dennis Voznesenski delves into the latest on the Black Sea port disruption and local crop conditions.

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. 

Adam and I sat down to discuss winter crop production this season, key agricultural industry trends and whether farms are reaching their size limits.

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. 

In late August Dennis Voznesenski chatted with Laura Henley, Commbank's Executive Manager for RAB WA Agri South, about all thing agriculture in southern WA. The broader southern WA region includes a range of agricultural industries, from broadacre cropping, sheep, cattle to even horticulture and dairy.

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. 

Join Dennis Voznesenski, CBA’s Agricultural and Sustainability Economist, for this week’s Agri Commodity Update. Türkiye’s attempt to restore Black Sea shipping, a large Canadian canola crop emerges, and increasingly dry eastern Australian cattle regions collide with farmgate prices.

This week, Dennis unpacks why Australian APW1 prices rose as Russian and Ukrainian wheat exports remained sharply constrained, why Türkiye’s shipping proposal could quickly reverse the recent support, and how improving WA rainfall is lifting crop prospects. He also examines canola’s pressure from lower crude oil and a large Canadian crop, before turning to cattle markets where higher yardings and dry QLD and NSW conditions are weighing on young cattle, while tight US beef supply continues to support underlying export demand.

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. 

Join Dennis Voznesenski, Director, Sustainable and Agricultural Economist at Commonwealth Bank, for this week’s Agri Commodity Update — where larger global crops, Black Sea export constraints and surging oil-markets collide with Australian farmgate prices.

This week, Dennis unpacks why global wheat prices softened as USDA lifted production and stocks, why Australian APW1 prices fell despite Russian and Ukrainian exports remaining sharply constrained, and how favourable WA and southern crop conditions contrast with increasing dryness risk in northern NSW and QLD. He also breaks down canola’s decline as larger global supply outweighed stronger crude oil and import demand, before turning to cattle markets where higher yardings and dry northern conditions are weighing on young cattle, but tight US beef supply remains supportive for processor cows.

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. 

Agri Conversations with Ash Teakle in Western Australia: in this podcast, CBA's agricultural economist Dennis Voznesenski speaks to WA central wheat belt farmer Ash Teakle. Dennis and Ash discuss everything from what crops Ash grows to the difficulty of farming when your input costs for farming and grain prices are influenced by war developments. 

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. 

Join Dennis Voznesenski, CBA’s Agricultural and Sustainability Economist, for this week’s Agri Commodity Update - where Black Sea port attacks, oil-markets and US efforts to lower beef prices collide with Australian farmgate prices.

This week, Dennis unpacks why global wheat prices have rallied despite a near-record Black Sea crop, why Australian APW1 prices have risen by much less, and why the next move could be sharply higher but short if shipping resumes from the Black Sea. He also explains canola’s support from disrupted oilseed and crude-oil flows and rising biofuel demand, before turning to cattle markets where favourable rain and tight US supply remain supportive, but returning Mexican cattle and greater Brazilian beef access are limiting upside.

For more frequent updates, follow Dennis Voznesenski on X (@Voz_Dennis) or on Linkedin by searching his name.

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.