McKeany-Flavell Hot Commodity Podcast

How are things looking for sugar, spring wheat, corn, and soybeans? Record potentials? Looming threats? Heatwaves in the U.S. and France are coming: How concerning are they? Acreage and stock expectations for next Tuesday’s reports More corn? Not a client on McKeany-Flavell’s IQ Intelligence Platform? Visit mckeany-flavell.com to learn more! Commodity dashboards Dynamic data & interactive charts Analytics & calculators Price forecasts Downloadable data, charts, and tables Host: Craig Ruffolo, Vice President – Commodity SpecialistExpert: Eric Thornton, Vice President

Sugar Higher sugar imports leads to offsetting higher deliveries Stocks-to use ratio left unchanged Wheat U.S. and wheat global stocks rise, leading to a neutral to bearish April WASDE Expect more changes in the May WASDE to food and export demand, and new-crop 2026/27 first looks Corn & soy complex U.S. corn balance sheet unchanged, global ending stocks improve Soybean supplies remain adequate in the U.S., ample globally More food use of soybean oil? What will be the real stocks level for U.S. soybean oil? Our next webinar: U.S. Economy Update Webinar Wed., April 22, 2026 at 2pm ET / 11am PT Clients, invites are going out now, or anyone can sign up now at mckeany-flavell.com Host: Michael Caughlan, President & CEOExpert: Nicole Thomas, Vice President – Information ServicesExpert: Eric Thornton, Vice PresidentExpert: Kevin Combs, Vice President – Global Sweeteners Specialist

Corn & soy complex Corn and soybean acres fall within acreage expectations, but what will the numbers actually look like by late June? Stocks seem adequate for both corn and soybeans The difference maker will be where those stocks reside Wheat Not the best fundamental news for wheat buyers All wheat acres forecasted at an all-time low of 43.8 million acres 2026/27 production decline risk is very likely with fewer acres, and the hard red winter wheat crop is currently dealing with a weather issue Ending stocks up 5%: Deficit risk in the long term? Sugar Beet sugar area down 1.5% Host/Expert: Kevin Combs, Vice President – Global Sweeteners SpecialistExpert: Nicole Thomas, Vice President – Information ServicesExpert: Eric Thornton, Vice President

W.W.W. Weather + War + Wheat = volatility! Current conditions for winter wheat are growing concerning Some better hope for rain in April? W.E.I. War + Energy + Inflation = economic chaos! Iran waging economic war via energy Inflation expectations are rising Most Fed members now see the funds rate unchanged for 2026 Commodity buyers should be vigilant on near-term coverage Don’t miss our webinar next week! Seasonal Market Outlook Webinar: Navigating the Opportunities & Risks Ahead Wed., March 25, 2026 at 2pm ET / 11am PT Clients, be on the lookout for your invite next week, or anyone can sign up now at mckeany-flavell.com Host: Michael Caughlan, President & CEOExpert: Eric Thornton, Vice PresidentExpert: Shawn Bingham, Director of Commodity Risk Management

Corn & soy complex U.S. soy and corn balance sheets relatively unchanged Interesting changes to U.S. soybean oil consumption Wheat No changes in U.S. balance sheet Should USDA have increased exports? Attention shifting to new crop 2026/27 with 2025/26 set in stone Sugar Florida cane production lowered from early February freeze High-tier imports increased Our next webinar is fast approaching! Seasonal Market Outlook Webinar: Navigating the Opportunities & Risks Ahead Wed., March 25, 2026 at 2pm ET / 11am PT Clients, be on the lookout for your invite next week, or anyone can sign up now at mckeany-flavell.com Host: Michael Caughlan, President & CEOExpert: Nicole Thomas, Vice President – Information ServicesExpert: Eric Thornton, Vice PresidentExpert: Kevin Combs, Vice President – Global Sweeteners Specialist

Held in beautiful Championsgate, FL: How was the weather? Demand for sugar and sweeteners pressured from growing GLP-1 use and SNAP restrictions Tariffs are off and then back on again? 2027 negotiations appear to be in no hurry Host: Michael Caughlan, President & CEO Expert: Kevin Combs, Vice President – Global Sweeteners Specialist

World demand down How’s the weather looking for the mid-crop season? What about surplus? What’s the recent news from Ghana? Arrival numbers have been hard to come by; now we know why! Current market price and recommendations for coverage going forward Happy Valentine’s Day! Host: Eric Thornton, VP Expert: Marilyn Adutwum, Data Analyst

Why 2026 feels fundamentally different from prior resin cycles How polyethylene supply discipline and inventory management are driving price behavior The growing disconnect between resin indices and real transaction pricing Nonmarket adjustments and why they create confusion—and risk—for buyers What resin buyers should actually be watching right now Host: Nicole Thomas, Vice President – Information Services Guest Expert: Michael Workman, Growth Director at ResinSmart by RTi GlobalGuest Expert: Kevin Mekaru, Senior Business Unit Lead, Commodity Plastic Resin, RTi Globalwww.resinsmart.ai