KANSAS CITY — With ingredient prices hovering near the lowest levels in years, most analysts see a benign picture extending into the early months of 2017. Factors that could alter this outlook, including worsening winter wheat crop conditions and uncertainty caused by the election of Donald Trump as president, will be among topics explored in an upcoming Sosland Publishing Co. webinar.
The 90-minute webinar, sponsored by Commerce Bank of Kansas City, will take place Tuesday, Dec. 13 at 2:30 p.m. Eastern time and will offer updates on several topics addressed at the annual Sosland Purchasing Seminar in June.
Topics to be discussed during the webinar include the outlooks for the grain, oilseeds, bakery shortening and sweetener markets as well as the weather.
Presenters will be Steve Freed, vice president of research, ADM Investor Services; Matt Beeson, president, Beeson & Associates ; Craig Ruffolo, vice-president, McKeany-Flavell Co.; and Jon Davis, meteorology team lead, Riskpulse.
Freed said the election clearly has been felt in commodity markets.
“The day after the election, the CME recorded record trading volume,” he said. “From a trading standpoint, it appears that having Mr. Trump could mean greater volatility and uncertainty. Clearly there is a thought that China will say something to the effect, ‘You put tariffs on us, we won’t buy your soybeans.’”