RaboResearch Agri Commodities
Episodes
The cocoa crash explained
09 Feb 2026
Contributed by Lukas
Cocoa futures in London and New York have had a rough start to the new year, plummeting 30% YTD following a wave of bearish fundamentals hitting the m...
Coffee prices: Short term and long term diverge
15 Oct 2025
Contributed by Lukas
Carlos Mera and Oran van Dort discuss the spike in coffee prices. Despite so many factors affecting the coffee market in the last couple of years, glo...
The WASDE whispers: What markets did not hear on June 12
16 Jun 2025
Contributed by Lukas
Join Carlos Mera and Charles Hart as they unpack the USDA's June WASDE report in the latest ACMR podcast. At first – and even second – glance, thi...
Espresso economics: The coffee rally explained
09 Dec 2024
Contributed by Lukas
The second half of November saw coffee prices igniting, with arabica prices pushing well past USD 3/lb, a level not seen since 1977, and robusta price...
The cocoa rally explained
01 Mar 2024
Contributed by Lukas
The cocoa rally shows no signs of slowing, with the London March24 contract up 58% YTD. Meanwhile, the New York contract set a new all-time high in t...
January 2024 WASDE: Disciplined consumers are rewarded
16 Jan 2024
Contributed by Lukas
Last Friday the USDA released a catalogue of data: the January WASDE, quarterly grain stocks, and Winter Wheat and Canola Seedings. The releases were ...
Grain & oilseed markets move south
29 Nov 2023
Contributed by Lukas
Join Rabobank's Agri Commodity Markets Research team for a deep dive into grain and oilseed markets. Since our bearish 2024 outlook was published on N...
Bulls feed on old grain
16 Oct 2023
Contributed by Lukas
The October WASDE was viewed as a bullish report by the market, with corn, soy, and wheat futures all rising following its release. For corn in partic...
Softs Rally Hard
30 Jun 2023
Contributed by Lukas
Since the start of the year we have seen simultaneous rallies in sugar (+15%), cocoa (+28%), and robusta coffee (+47%). This is rather unusual given t...
April WASDE: USDA Cuts Argentine Yields
13 Apr 2023
Contributed by Lukas
With minimum alterations for most countries, the April WASDE's main talking point was cuts in Argentine production for soybeans, wheat, and corn amid ...
Outlook 2023: Tightening the Belt
06 Dec 2022
Contributed by Lukas
Join Carlos Mera and Michael Magdovitz for a look at the year ahead in ACMR's latest podcast. 2022 held unprecedented volatility for agricultural comm...
October 2022 WASDE: USDA Scissorhands
13 Oct 2022
Contributed by Lukas
On the latest RaboResearch Agri Commodities podcast, Carlos Mera and Michael Magdovitz discuss the October WASDE report. Poor 2022/23 US grain and oil...
September WASDE: USDA's Struggle Session
16 Sep 2022
Contributed by Lukas
In the latest RaboResearch Agri Commodities episode, Global Grains & Oilseeds Strategist Steve Nicholson joins ACMR Senior Analyst Michael Magdovitz t...
Momentum
16 Aug 2022
Contributed by Lukas
On the latest ACMR podcast, Senior Analyst Michael Magdovitz and Analyst Paul Joules discuss the recent price movements in CBOT Corn, Wheat, and Soybe...
Funds in the Sun
15 Jul 2022
Contributed by Lukas
Head of Agri Commodities Markets Research Carlos Mera and Senior Analyst Michael Magdovitz discuss the recent pullback in CBOT Corn, Wheat, and Soybea...
High G&O Prices Will Shrink China's Imports and Demand
28 Feb 2022
Contributed by Lukas
Join Rabobank's Grains & Oilseeds Analyst in China, Lief Chiang, and ACMR's Michael Magdovitz as they discuss the factors behind the high-price enviro...
The Ukraine Metacrisis and Its Impact on Agri Commodity Markets
01 Feb 2022
Contributed by Lukas
Russia has been amassing troops around the Ukrainian border and making demands NATO cannot afford to meet. A potential invasion with far-reaching cons...
Agri Commodities Outlook 2022, Part 2: Softs
21 Dec 2021
Contributed by Lukas
Soft commodities have seen a price surge in 2021, with coffee topping the price change charts. Join ACMR's Carlos Mera and Michael Magdovitz as they d...
Agri Commodities Outlook 2022, Part 1: Grains & Oilseeds
20 Dec 2021
Contributed by Lukas
Join ACMR's Carlos Mera and Michael Magdovitz as they discuss the high price environment in G&O and the risks ahead for 2022. Wheat, feed grains and...
Halloween Special: More Tricks Than Treats
26 Oct 2021
Contributed by Lukas
Join Rabobank's ACMR team on this very spooky podcast as Carlos Mera and Michael Magdovitz share frightening tales about global food inflation that wi...
September 2021 WASDE: Consumers Come in From the Cold
14 Sep 2021
Contributed by Lukas
Last Friday, the USDA published a nominally bearish September WASDE report, with higher objective yields and acreage lifting US corn, soy, and cotton ...
EU 'Fit for 55' Carbon Reductions: What's the Impact on Canola?
18 Aug 2021
Contributed by Lukas
The European Commission has proposed 'Fit for 55', a package of policies aimed at reducing net greenhouse gas emissions by at least 55% by 2030. What ...
Any Catches for Aussie Cotton?
02 Aug 2021
Contributed by Lukas
The 2021/22 outlook for the Australian cotton sector appears bright in terms of production prospects and price. To find out if there are any catches,...
Heavy Rains Batter Europe as Harvest Gets Serious
26 Jul 2021
Contributed by Lukas
First, we saw severe dryness in the western US and Canada, which continues. Now, we have heavy rains and even flooding across parts of Europe during h...
Acreage Gains Prove Hard to Make
01 Jul 2021
Contributed by Lukas
In the wake of the USDA's June Acreage and Stocks Reports, we discuss the likely impacts on G&O and cotton markets given the USDA's latest estimates. ...
Export Tax Gains for Australian Croppers and Russian Shoppers
08 Jun 2021
Contributed by Lukas
In a bid to reduce food price inflation, the Russian government put in place an export tax on grains & oilseeds in February. What impact will this hav...
The Canola Files, Part 3: Golden Prices Flatten China's Demand
25 May 2021
Contributed by Lukas
Cheryl Kalisch Gordon, Senior Grains & Oilseeds Analyst with Rabobank Australia & New Zealand, is joined by her colleague Lief Chiang, Grains & Oilsee...
FX and Inflation to Affect Agri Commodity Prices
12 May 2021
Contributed by Lukas
The rise of commodity prices in the last year has been supported by the weakness of the US dollar and increasing inflation expectations. While the US ...
Bears Come In From the Cold
26 Apr 2021
Contributed by Lukas
In the latest installment of the RaboResearch Agri Commodities podcast, Stefan Vogel and Michael Magdovitz review the explosive grain & oilseed price ...
Ukraine-Russia Crisis: Implications for Grains Markets
20 Apr 2021
Contributed by Lukas
Over the last month, tensions in the Black Sea between Ukraine and Russia have boiled over. Troops from both sides have amassed on the border of easte...
April WASDE: Market in the Middle
13 Apr 2021
Contributed by Lukas
The April WASDE was destined to be overshadowed by its two explosive siblings – the March Prospective plantings and the new crop May WASDE. Neverth...
You Reap What You Sow
08 Apr 2021
Contributed by Lukas
The USDA's Prospective Plantings report came in far below expectations on corn and soy and heaped pressure on yields, whose weak performance would exa...
The 2021 Outlook for China's, India's, and Southeast Asia's Edible Oils
25 Mar 2021
Contributed by Lukas
Lief Chiang and Oscar Tjakra join to discuss the 2021 outlook for edible oils in China, India, and Southeast Asia. Please read our disclaimer here:...
ICE #2 Cotton: On a Tear or Torn Apart?
23 Mar 2021
Contributed by Lukas
After being ravaged by the pandemic, demand recovery expectations coupled with unrelenting Chinese imports led ICE#2 Cotton prices 30% higher than the...
Speculation in Commodities to Continue
22 Mar 2021
Contributed by Lukas
Ryan Fitzmaurice, senior commodity strategist, joins Carlos Mera, head of agri commodities market research, to discuss speculation in commodities mark...
Softs | Agri Commodities Outlook 2021: Bull Waves Don't Break
03 Dec 2020
Contributed by Lukas
The 2020 bull run in agri commodities defied all expectations and proved immune to Covid-19's economic and social consequences. This is particularly t...
G&O | Agri Commodities Outlook 2021: Bull Waves Don't Break
03 Dec 2020
Contributed by Lukas
The 2020 bull run in agri commodities defied all expectations and proved immune to Covid-19's economic and social consequences. This is particularly t...
Halloween Special: Scary Wheat Prices, Ghostly Chocolate Prices, and Spooky Sugar Prices
26 Oct 2020
Contributed by Lukas
The prospect of children coughing at your door may be scary enough at the moment, but there is also a lot of fear in agri commodity markets. In this s...
Oil Heats Up, and Farmers Get Cooking
25 Sep 2020
Contributed by Lukas
Vegetable prices surged near YTD highs last month, buoyed by strong demand and lower production. Join Rabobank's Oscar Tjakra and Michael Magdovitz as...
Sweet, Sweet Speculation: How Funds Are Supporting Sugar
10 Sep 2020
Contributed by Lukas
Carlos Mera joins Charlie Clack to address the growing presence of speculative activity in soft commodity markets – including sugar – and the reas...
Opportunity Awaits the 'Bolled' and Brave – A Ten-Year Outlook for Cotton
03 Sep 2020
Contributed by Lukas
Charlie Clack joins Oscar Tjakra to talk opportunities in global cotton over the next decade, following our latest RaboResearch report. On the agenda ...
G&O Market Update July 2020
16 Jul 2020
Contributed by Lukas
In this G&O market update we cover the main drivers leading price moves across Corn, Soybean and Wheat markets. The weather has begun to show a greate...
Coffee Outlook Q2 2020
08 Jun 2020
Contributed by Lukas
While the supply side is not without concerns, demand has been dropping due to Covid-19. For now, harvests are going ahead more or less normally in to...
May 2020 G&O Market Update
04 Jun 2020
Contributed by Lukas
Brent Crude recovered over 30% so far in May, pushing vegetable oil prices higher. Soy and corn remained subdued in the midst of an abundance of US st...
CBOT Springs a Leak – Agri Commodity Markets Monthly April 2020
30 Apr 2020
Contributed by Lukas
April witnessed unprecedented weakness in the energy sector and in emerging market currencies. Agri commodities markets were infected by these factors...
Havoc in the Hamper, Hell in the Handbasket
26 Mar 2020
Contributed by Lukas
Join the ACMR team as they discuss the wild ag commodity price swings amid market concerns for demand destruction and supply chain stability. For ener...
Slow Recovery: Coronavirus Will Extend the Feed-Demand Hangover
02 Mar 2020
Contributed by Lukas
China G&O analyst Lief Chiang and ACMR analyst Michael Magdovitz discuss the spread of coronavirus and the threat it poses to already fragile Chinese ...
What Brexit Could Mean for Global Sugar
02 Mar 2020
Contributed by Lukas
Brexit is anticipated to have far-reaching impacts around the world, with many industries – including sugar – feeling the effects. Charlie Clack a...
Is Sugar's Sweet Start to 2020 Here to Stay?
10 Feb 2020
Contributed by Lukas
Sugar prices have gained ground in 2020, owing to a catalogue of reasons including speculative buying and global supply and demand. Carlos Mera joins ...
US-China: Phase One
05 Feb 2020
Contributed by Lukas
What does 'phase one' mean for US agriculture? Is it a return to normal, or is the old normal gone for good? RaboResearch grain & oilseed analysts Eri...
Coffee Rally Keeps Traders Awake and Farmers Happy
19 Dec 2019
Contributed by Lukas
Arabica coffee prices rallied 40% in the last two months on the back of a frantic speculative rally. This is in sharp contrast to the low-price trend ...
Hot Oil: Vegetable Oil Prices Rise to the Top
17 Dec 2019
Contributed by Lukas
The vegetable oil complex has enjoyed strong price increases in 2019. In this ACMR podcast episode, grain & oilseed analysts Oscar Tjakra and Michael ...
Upsides in a Burdened Global Grain Market
06 Nov 2019
Contributed by Lukas
Rabobank's Global G&O Strategist, Stefan Vogel, joins Australian-based Senior G&O Analyst Cheryl Kalisch Gordon to talk grains. They discuss where we ...
Sugar: Volatility Ahead
23 Aug 2019
Contributed by Lukas
In this joint Rabobank ACMR & FAR Australia podcast, South-East Asia Sugar expert Charles Clack joins ACMR senior analyst Carlos Mera to discuss the o...
Oops!... WASDE Did It Again!
14 Aug 2019
Contributed by Lukas
Two months after publishing a planting intentions report that was viewed as overstating US Corn acreage, the USDA completed a second survey that confi...
The Impact of ASF on Chinese Feed Demand
01 Aug 2019
Contributed by Lukas
In this joint Rabobank ACMR & FAR Asia podcast, G&O expert Lief Chiang joins ACMR analyst Michael Magdovitz to discuss his outlook for China's soymeal...
US Weather Gets Rough – The USDA Gets Tough
14 Jun 2019
Contributed by Lukas
A month of persistent rain across the Midwest kept corn farmers out of the fields and forced the USDA to do an about-face on their heavy 2019/20 balan...
Heavy US Rains, Buoyant Prices
31 May 2019
Contributed by Lukas
Join Stefan Vogel, head of ACMR and global G&O strategist, as he comments on the excessive rainfall across the US, which caused an impressive price ra...
The Impact of the IMO 2020 Regulation on the Grains & Oilseeds Industry
17 May 2019
Contributed by Lukas
On 1 January 2020, the International Maritime Organisation (IMO) will implement a 0.5% global sulphur cap for marine fuels. With less than a year to g...
The Rise of Brazilian Cotton: A Good Yarn?
09 May 2019
Contributed by Lukas
Brazil has rapidly risen to become one of the world's largest cotton production and export regions. Victor Ikeda joins Charlie Clack from São Paulo t...
Trade Optimism Shaken by US Tariff Escalation
07 May 2019
Contributed by Lukas
From early November until last week, CBOT markets enjoyed a US-China trade war hiatus as China initiated goodwill purchases of US agricultural goods, ...
What Lies Ahead in 2019/20 for Grains & Oilseeds?
30 Apr 2019
Contributed by Lukas
ACMR Head and G&O Sector Strategist Stefan Vogel joins ACMR Analyst Michael Magdovitz to discuss the recent price breaks in wheat, corn, and soybeans,...
Coffee Wars: Brazil Is Winning
18 Apr 2019
Contributed by Lukas
Arabica coffee prices are at 13-year lows. At only USc 90/lb, arabica prices are now below cost of production in virtually all arabica-producing count...
Trade War Special: China's 55 Billion Dollar F&A Wish List
01 Mar 2019
Contributed by Lukas
In the latest episode of the ACMR podcast, China G&O expert Lief Chiang joins ACMR Analyst Michael Magdovitz to discuss China's potential F&A shopping...
WASDE: Counting Stocks Amid Trade Talks
12 Feb 2019
Contributed by Lukas
Join Stefan Vogel (ACMR Head and G&O Global Strategist) and Michael Magdovitz (ACMR Analyst) as they discuss the latest WASDE, US stocks, and winter p...
January 2019: Grains and Oilseeds - Smooth Ride, but Flying Blind
01 Feb 2019
Contributed by Lukas
Geopolitics and weather risk upside are driving G&O prices higher, after a relatively steady month in January. Michael Magdovitz and Charlie Clack dis...
January 2019: Smooth Ride, but Flying Blind – Softs markets
30 Jan 2019
Contributed by Lukas
So far, January has reflected the higher risk appetite, with Brent surging and the Brazilian real gaining versus the US dollar. Charlie Clack and Carl...
The G20 Trade War Truce
07 Dec 2018
Contributed by Lukas
During the G20 meeting in Argentina, US President Donald Trump agreed to freeze tariff increases on China for a period of 90 days to allow trade negot...
Soft Commodities Outlook for 2019: Trade War Turbulence, With Softs Landing
23 Nov 2018
Contributed by Lukas
Carlos Mera and Charles Clack discuss what's in store for soft commodity markets—including sugar, coffee and cotton—in the year ahead, as highligh...
Grains & Oilseeds Outlook for 2019: Trade War Turbulence, With Softs Landing
22 Nov 2018
Contributed by Lukas
Michael Magdovitz and Charles Clack talk over the big price drivers for major grain & oilseed markets in 2019, as highlighted in their latest report, ...
Will the World Buy Big US Supplies?
31 Aug 2018
Contributed by Lukas
Weakened emerging market currencies and strong US summer crop yields held agri commodity prices in check, despite declining balance sheets and ongoing...
Rabobank European Grains Tour | Focus On Ukraine
20 Aug 2018
Contributed by Lukas
The Rabobank European Grains Tour recently returned from the Netherlands, Germany and Ukraine. On this podcast, Senior Grains and Oilseeds Analyst Vit...
The WASDE Reveals Big US Yields
16 Aug 2018
Contributed by Lukas
Charlie Clack and Michael Magdovitz highlight the crucial figures outlined in the latest August WASDE report, what this means for global G&O markets a...
Argentina Agribusiness Outlook
14 Aug 2018
Contributed by Lukas
In a recent visit to Argentina, Stefan Vogel, Adolfo Fontes and Victor Ikeda had an unique opportunity to discuss the G&O and Animal Protein sectors w...
Agri Commodities Monthly May 2018: Tread (the Volatility) Carefully
04 Jun 2018
Contributed by Lukas
Weather risks, USD strength, and geopolitical instability are driving volatility in grains and oilseeds with cumulative open interest in agriculture a...
A Palm Storm is Brewing
29 May 2018
Contributed by Lukas
Senior analyst Oscar Tjakra discusses the palm oil price outlook for 2018 and the latest developments in the South-East Asian palm oil industry. Palm ...
Don't Fall Asleep Behind The Risk Management Wheel
30 Apr 2018
Contributed by Lukas
Sterling Liddell and Bill Nickrent discuss the risks for the corn market related to declining stocks and remarkably low planted acres planned for 2018...
Agri Commodities Monthly February 2018: Renewed Appetite for Ag Markets
06 Mar 2018
Contributed by Lukas
Heightened weather risks, US dollar weakness, and global growth optimism drive new-found interest in agri commodity markets. Charlie Clack and Carlos ...
Grains & Oilseeds Outlook for 2018: Good Buy, Low Prices
22 Nov 2017
Contributed by Lukas
Graydon Chong and Charles Clack talk over the big price drivers for major grain & oilseed markets in 2018, as highlighted in their latest report, Outl...
Soft Commodities Outlook for 2018—Good Buy, Low Prices
22 Nov 2017
Contributed by Lukas
Carlos Mera and Charles Clack discuss what's in store for soft commodity markets in the year ahead, as highlighted in their latest report, Outlook 201...
EU Sugar Shake-Up
10 Oct 2017
Contributed by Lukas
As of 1 October, the new EU sugar regime is in place, creating opportunities and challenges for various stakeholders in Europe and beyond. RaboResearc...
Agri Commodities Monthly September 2017: Watching, Waiting, Yield Debating
04 Oct 2017
Contributed by Lukas
The S&P Agri Index has remained virtually unchanged so far in September, despite an increase of 10% in Brent crude prices. Softs saw some volatility, ...
Agri Commodities Monthly August 2017: Uphill Struggles Ahead
25 Aug 2017
Contributed by Lukas
Agri commodity analysts Graydon Chong and Charles Clack discuss market dynamics for key agri commodities such as corn, soybeans, wheat, sugar and cott...
Agri Commodities Monthly July 2017: Weather Volatility Ahead
26 Jul 2017
Contributed by Lukas
Agri commodity analysts Graydon Chong and Carlos Mera discuss market dynamics for key agri commodities such as wheat, sugar, corn, and coffee. As we m...
Agri Commodities Markets Review, June 2017
23 Jun 2017
Contributed by Lukas
Rabobank has just released its Agri Commodities Markets Report for June 2017. In this podcast we highlight a few of the report's commodities. This mon...
Mid-June Wheat Market Update
14 Jun 2017
Contributed by Lukas
Rabobank takes a look at spring wheat prices in the US. These have increased substantially over the last four weeks, reaching a one-year high due to c...
Agri Commodities Markets Review, May 2017
26 May 2017
Contributed by Lukas
In this episode, Global Strategist Stefan Vogel discusses the highlights of the Agri Commodity Markets Research (ACMR) monthly report of May 2017, ava...
Coming off a Sugar High: What's Next for Growers?
24 May 2017
Contributed by Lukas
After witnessing softening international sugar prices through 2017, Andy Duff provides his view on the market dynamics that drive these movements and,...
The Olive Oil Boom: Short Supply Leads to Premium Prices
19 May 2017
Contributed by Lukas
Global olive oil prices are rising sharply as a result of supply issues in Europe and the Mediterranean region. Grains & Oilseeds analyst Vito Martiel...
Global Grain & Oilseed Markets — Near-Term Outlook, 17 May 2017
17 May 2017
Contributed by Lukas
Rabobank's London-based Agri Commodity Market Research team provides insights into the current market environment—reviewing where prices are right n...
South-East Asia Palm Oil Outlook 2017
12 May 2017
Contributed by Lukas
In the latest edition of our podcast, senior analyst Oscar Tjakra discusses the palm oil price outlook, the latest developments in the South-East Asia...