Wednesday: Oil surges over US$92/bbl

Oil rose 2% to 10-month highs overnight after OPEC forecast continued strong demand. Diesel prices are surging even more, bringing back supply chain inflation headaches. In our bonus deep-dive interview, ANZ’s Head of Food, Beverage and Agribusiness Insights Michael Whitehead details a massive shift in Australian farming from sheep and cattle to grain. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/