CommBank Agri Podcast

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Episodes

100

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Aug 2026

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About the show

Join CBA’s Agricultural and Sustainable Economist, Dennis Voznesenski, as he delves into the latest developments in global agri markets. The podcast discusses how global grains production, demand and geopolitical events impact grain markets for an Australian audience. The podcast will be released weekly. Off-schedule releases are reserved for notable global events impacting grain markets.

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60 recent

August 24, 2026Episode 1669 min

Short but sharp price spike approaching?

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.

August 13, 2026Episode 1659 min

Russia's largest grain port attacked

Join Dennis Voznesenski, CBA’s Agricultural and Sustainability Economist, for this week’s Agri Commodity Update - where escalating Black Sea export disruption, stronger oil-markets and improving Australian rainfall collide with farmgate prices. This week, Dennis unpacks why Australian APW1 prices fell as northern hemisphere harvest supply pressure and favourable local weather weighed on prices, before examining why Russia’s wheat story is increasingly about how much grain it can get out, rather than simply how much it can produce. He also breaks down canola’s rally from oil-markets, Black Sea logistics and North American biofuel demand, before turning to cattle markets where favourable rain and tight US beef supply remain supportive, but temporarily weaker export demand is limiting local price 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.

August 4, 2026Episode 1648 min

Offshore declines push local prices lower

Join Dennis Voznesenski, Agriculture and Sustainability Economist at Commonwealth Bank, for this week’s Agri Commodity Update - where Black Sea disruption, improving northern hemisphere supply and softer global demand collide with Australian farmgate prices. This week, Dennis unpacks why wheat prices fell as harvest supply outweighed repeated attacks on Black Sea export infrastructure, why Australian APW1 prices followed offshore futures lower and how forecast southern rainfall is improving local crop prospects. He also breaks down canola’s decline from improved Canadian crop conditions, weaker soybeans, softer oil-markets and a firmer Australian dollar. He then turns to cattle markets where tight US supply remains supportive, but limited inland rainfall, rising yardings and weaker Chinese and US beef-market signals are putting downward pressure on prices. 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.

July 28, 2026Episode 1636 min

Market rollercoaster

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 global beef trade collide with Australian farmgate prices. This week, Dennis unpacks why wheat prices swung sharply as Russia-Ukraine attacks disrupted Black Sea export logistics, why Australian APW1 prices rose despite offshore futures finishing lower, and how patchy rainfall is changing local crop prospects. He also breaks down canola’s pull between weaker oilseed and crude markets, Canadian crop risk and expanded crushing capacity, before turning to cattle markets where US beef demand and continued market access remain supportive, but limited inland rain, higher feedgrain costs, rising yardings and South Korea’s safeguard tariff 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.

July 24, 2026Episode 16013 min

Stockyard Beef CEO, Lisa Sharp - Navigating a tricky season and export market

This week, Dennis Voznesenski, CBA’s Agricultural Economist, interviews Stockyard CEO Lisa Sharp. Stockyard is a Wagyu and Angus beef business based in Queensland. It operates across much of the beef supply chain, from breeding and feeding cattle through to exporting beef. At any given time, Stockyard’s Kerwee Feedlot can have up to 20,000 cattle on feed. Its export markets include Japan, South Korea, the Middle East, the domestic Australian market and other parts of Asia. Dennis and Lisa sit down to discuss seasonal conditions, export markets and cattle breeds.

July 23, 2026Episode 15913 min

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.

July 20, 2026Episode 15819 min

Graincorp CEO, Robert Spurway - the path to Australian biofuel production

This week Dennis Voznesenski, CBA's Agricultural Economist, interview's GrainCorp's CEO Robert Spurway about the pathway to creating Sustainable Aviation Fuel and Renewable Diesel in Australia. You can find a video version of the podcast on LinkedIn here: https://www.linkedin.com/feed/update/urn:li:activity:7483437809404674048/?commentUrn=urn%3Ali%3Acomment%3A(ugcPost%3A7483434611427934208%2C7483445471546363904)&dashCommentUrn=urn%3Ali%3Afsd_comment%3A(7483445471546363904%2Curn%3Ali%3AugcPost%3A7483434611427934208)&dashReplyUrn=urn%3Ali%3Afsd_comment%3A(7484735060278120449%2Curn%3Ali%3AugcPost%3A7483434611427934208)&replyUrn=urn%3Ali%3Acomment%3A(ugcPost%3A7483434611427934208%2C7484735060278120449) 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.

July 14, 2026Episode 15716 min

Sea of Azov and Strait of Hormuz drive markets this week

Join Dennis Voznesenski for this week’s Agri Commodity Update — where global geopolitical risk is back at the centre of agricultural markets. This week, Dennis unpacks why wheat prices jumped as Black Sea disruption, tighter North American supply and European crop-quality concerns pushed offshore futures sharply higher — and why Australian APW1 prices only partly followed. He also breaks down Canadian canola moisture risk, stronger China-linked soybean demand, split GM and non-GM canola prices, and why cattle markets took a breather as higher yardings, firmer feed costs and softer offshore beef signals weighed on prices. From the Sea of Azov to the Strait of Hormuz, this is the week in agriculture through the lens of prices, risk and Australian producer impact. 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.

July 8, 2026Episode 15613 min

Rain, risk and rerouting: what moved grain, canola and cattle this week

Join Dennis Voznesenski, Director, Sustainable and Agricultural Economist at Commonwealth Bank, for this week’s Agri Commodity Update — where global market risk meets Australian farmgate reality. This week, Dennis unpacks why offshore wheat and canola markets rallied, why Australian prices only partly followed, and how plentiful rainfall is reshaping local crop and cattle market confidence. From weaker US wheat conditions and European quality risk, to Canadian canola weather concerns, softer feedgrain costs and shifting beef demand from the US, China and South Korea — this is the week in agriculture, through the lens of prices, risk and what it means for Australian producers. 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.

June 11, 2026Episode 1558 min

Improved weather and lower fertiliser prices.

CBA's agricultural economist, Dennis Voznesenski, delves into the latest on favourable weather developments and declining fertiliser markets. 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.