Market Talk

We have a jam packed show to start the week after the soybean trade led the grains and oilseeds higher on Monday. Brian Splitt from AgMarket joins us for analysis to open the show followed by our Weekly Weather Update with Eric Snodgrass from Nutrien. Then, it's our weekly conversation with John Heinberg from Total Farm Marketing followed by perspective on grains and fertilizer from Mike Castle with StoneX to close the show.

We see the grain markets rallying to start the week with soybeans leading the way. Mike Castle, Senior Fertilizer Analyst with StoneX, joins us to discuss the grains and fertilizer markets to start the week.

On Friday, USDA released a ton of data for the markets including the November World Agricultural Supply and Demand Estimates report along with a backlog of daily export sales data that hadn't been reported due to the government shutdown. We saw the grains and oilseeds find pressure post report, closing down double digits in many corn, soybean and wheat futures contracts on the day. Meantime, the livestock trade was mixed to higher. In the opening segment, we get perspective and analysis from Mark Gold with Top Third Ag Marketing, a division of StoneX. We follow that up with a look at the livestock trade and thoughts on the USDA reports with Scott Varilek with KKV Trading. Then we close the show with analysis and perspective from DuWayne Bosse with Bolt Marketing to close out the week.

After not providing a report in October due to the government shutdown, USDA on Friday returned with a November World Agricultural Supply and Demand Estimates report. USDA projected a slight reductions in overall corn production and yield along with overall soybean production an yield. USDA also released a backlog of daily flash sales data at the same time. Arlan Suderman, Chief Commodities Economist at StoneX, joins us to go through the data in our Midday Commentary.

Was Thursday's trade as simple as buy grains, sell livestock? We saw good strength in soybeans and corn with heavy pressure in cattle and hog futures on the day while stocks were also under heavy pressure. Bryan Doherty with Total Farm Marketing joins us to discuss the trade action, thoughts ahead of Friday's WASDE report and the impact of data flowing again with the government reopening. Find more at https://www.totalfarmmarketing.com. Also on today's show, we have another episode of Cattle Chatter with Susan Littlefield and Brad Kooima from KKV Trading as they discuss the on-going volatility in the cattle markets. And we also kick off the show talking markets with Kyle Bumsted from Allendale in Segment One.

We see the grain markets rallying a bit with stocks and livestock under pressure on Thursday. Arlan Suderman from StoneX joins us to discuss market action, government reopening impacts and more in our Midday Commentary.

As traders and farmers gear up for the November WASDE Report release on Friday from USDA, there are many questions as to what this data will look like from the Department of Agriculture. Plus, with the government presumably set to reopen soon, how will all of that back data possibly impact the markets? Mike Zuzolo with Global Commodity Analytics joins us to discuss on today's show. More at https://www.globalcommresearch.com.

We see quietly mixed trade action across grains and livestock at midday on Wednesday. Arlan Suderman with StoneX joins us to discuss positioning ahead of Friday's USDA report and potential government reopening this week.

As we celebrate Veterans Day 2025, we thank and honor all of those who served. Grain and livestock markets were open and traded relatively quietly on the day. Tyler Schau with AgMarket.net joins us to take a look at the trade, discuss the upcoming USDA report on Friday and more. Find more online at https://www.agmarket.net. Also on today's show, how has harvest season been wrapping up across the Northern Plains? What things do farmers need to consider for 2026? We get an agronomic update from the Northern Plains and talk with Aaron Froemke, Agronomic Service Representative at Syngenta, based in North Dakota.

Overall, we see quiet market action on Veterans Day with grains near unchanged and livestock mixed. Arlan Suderman, Chief Commodities Economist at StoneX, joins us to discuss in our Market Talk Midday Commentary for Tuesday, November 11th, 2025.

We saw a "risk-on" trade environment to start the week with soybeans leading the grain trade moderately higher and cattle futures trading limit up on Monday. John Heinberg with Total Farm Marketing joins us for analysis and a conversation about Monday's trade action. Find more online by visiting https://www.totalfarmmarketing.com. Many folks across the U.S. and Canada are seeing a shot of arctic air move through as we begin the new week and many may have seen (or are currently seeing) snow in their backyard. Will this shot of snow and cold last or is this just a precursor of what's to come this winter? Eric Snodgrass with Nutrien Ag Solutions joins us to discuss in our Weekly Weather Update. Find more online at https://www.ag-wx.com.

We see a mostly higher day developing across grain and livestock markets on Monday. Arlan Suderman, Chief Commodities Economist at StoneX, joins us to discuss and share analysis on the early week market action.

Grain markets were quiet to end the week, with some volatility and positivity in the soy complex after EPA announced decisions on small refinery exemptions for the 2021-2024 window. Corn and wheat were quietly lower and cattle found some decent end of the week strength. Let's take a look at the technical picture and talk about managing our risk by looking at the recent chart action with Jim Emter from Van Ahn & Company. Learn more online at https://www.vanahnco.com. We saw a little bit of green in cattle futures and mixed action in lean hogs to finish out the week on Friday. Joe Kooima with Kooima Kooima Varilek joins us to talk about what to make of all the recent volatility, what is happening in the cash market and more. Find more at https://www.kkvtrading.com. And as farmers wrap up 2025, what factors should they take into consideration when talking to their retailers about seed decisions for next season? Kaitlyn York, retail business manager for Brevant seeds in Nebraska, joins us to share some tips on why traits are important when selecting seed and much more. Find more online at https://www.brevant.com.

We see a fairly mixed grain and livestock trade as we near the weekend on Friday with some support to the upside in soybeans and cattle. Arlan Suderman, Chief Commodities Economist at StoneX, joins us to discuss the markets and share reaction to breaking EPA news about small refinery exemptions.

There was plenty of red across the grain and livestock trade on Thursday as things quickly turned into a "risk-off" mindset after the morning open. More rumors surrounding trade and tariffs seemed to be at play with soybeans, meal and wheat leading to the downside in grains and feeder cattle leading lower again in livestock futures. We kickoff today's show with Zach Hooker from Commstock Investments and then later in the show Bryan Doherty with Total Farm Marketing joins us for a conversation to recap Thursday's trade action. And in the middle in Segment Two, we have a new episode of Cattle Chatter with Susan Littlefield and Brad Kooima from KKV Trading.

We see heavy pressure in the grains and oilseeds on Thursday while we also find pressure in cattle and hog trade at midday. Arlan Suderman with StoneX joins us to discuss in our Midday Commentary for Thursday, November 6th, 2025.

We found limit lower trade in both live and feeder cattle futures on Wednesday as more concern about the US/Mexico border reopening seems to be at play. Meantime, the grains were higher led by the soy complex once again. Mike Zuzolo with Global Commodity Analytics joins us to discuss on today's show. More at https://www.globalcommresearch.com. As the harvest season wraps up, we get an update from northwest Illinois on how 2025 fared for producers. Brianna Gehrig, retail sales agronomist for Brevant seeds in Illinois, joins us to discuss. More at https://www.brevant.com.

We see decent strength across the grain and oilseed trade at midweek while cattle futures are in free fall again. Arlan Suderman, Chief Commodities Economist at StoneX, joins us to discuss in our Midday Commentary.

As we finish up harvest season in the U.S. and turn our attention towards the end of 2025, there is still plenty of certain uncertainty at play across the grain and livestock markets. We saw a correction on Tuesday and still have on-going talk of what trade, tariffs and overall price action could look like in the weeks ahead. Jim McCormick with AgMarket.net joins us to discuss managing your risk in these markets, taking advantage of the recent rally in grains and more. Learn more at https://www.agmarket.net. We ended up seeing a mostly lower day on Tuesday led by soybeans and cattle futures. Was this more of a one-off trading day or is it a recalibration of the markets after the recent moves? Shawn Hackett with Hackett Financial Advisors joins us for a conversation about the markets, weather outlooks and more. Find more at https://www.hackettadvisors.com.

It's a turnaround Tuesday to the downside as we see red across grain and livestock trade at midday. Arlan Suderman, Chief Commodities Economist at StoneX, joins us to discuss the trade action and look at the November StoneX customer yield survey released on Monday.

The month of November started on a high note for soybeans and cattle on Monday, with spillover support into wheat and corn as well. John Heinberg with Total Farm Marketing joins us to break down the on-going rally in beans, potentially rewarding it and more on today's show. Find more online by visiting https://www.totalfarmmarketing.com. As the calendar flips to November, could we see a rapid and fast start to winter incoming for much of the U.S. this year? What about potential impacts of a La Nina pattern across the globe? Eric Snodgrass with Nutrien Ag Solutions joins us for a conversation on our Weekly Weather Update. Find more at https://www.ag-wx.com.

Soybeans and cattle are finding support to start the week and the month of November. Arlan Suderman with StoneX joins us for a look at the markets in our Midday Commentary for Monday, November 3rd, 2025.

On Friday, we finished out the month of October with no major tricks or treats for Halloween. Grains and oilseeds did see some late session strength to finish what was a volatile week of trading headline news and more. Heather Ramsey with The ARC Group joins us for a conversation looking at the week in the grain trade, thoughts on cash activity and more on today's show. You can find more online at https://agriskconsulting.net. And also, we can't forget about the livestock trade as we had a heck of a week in the cattle markets. How has all of the volatility settled out as we head into a new month? What about activity in the hog complex as of late being on a downtrend? Scott Varilek with Kooima Kooima Varilek in Sioux Center, IA joins us to look across the week in the livestock trade and share some thoughts on the grain market action as well. Find more at https://www.kkvtrading.com.

***NOTE: Markets were quiet at the time of a recording and did see some volatility into the close of Friday's trade. As we close out the month of October and the week of trade, we get thoughts on grains, livestock and outside markets with Arlan Suderman, Chief Commodities Economist at StoneX.

We saw soybeans trade a wide range on Thursday and settle moderately higher amid US/China trade news. The rest of the grain and livestock trade was mostly mixed to lower. Bryan Doherty with Total Farm Marketing joins us for a conversation in the back half of the show while we also get analysis from Kyle Bumsted at Allendale in Segment One. And also in Segment Two, we have a new episode of Cattle Chatter as Susan Littlefield broadcasts live from the 98th National FFA Convention in Indianapolis, IN and she talks about this volatile cattle trade with Brad Kooima from KKV Trading.

Soybeans continue their reaction to today's US/China news while we see mixed tones in the outside markets and livestock. Arlan Suderman, Chief Commodities Economist at StoneX, joins us to discuss in our Midday Commentary.

We saw a quiet day in the grains ahead of the meeting between President Trump and President Xi in South Korea. Also, reports are that China did make a few U.S. soybean purchases ahead of that meeting. Mike Zuzolo with Global Commodity Analytics joins us today to discuss this news, the grain rally we've seen, wheat and crude oil relationships and a look at the cattle markets. Find more at https://www.globalcommresearch.com.

Grain markets are quietly mixed at midday while cattle futures are rebounding on Wednesday. Arlan Suderman, Chief Commodities Economist at StoneX, joins us to discuss the midweek trade action, China soybean buys and more.

Soybeans led the way higher again in the grain trade Tuesday but we did fade a bit into the closing bell. Should farmers be taking advantage of this price rally now in the grain complex, ahead of the U.S. and China meeting later this week? Also, it was another tough day in the feeder cattle trade while live cattle tried to moderate. Matt Bennett with AgMarket.net joins us for analysis and perspective on today's show. Was southern rust as advertised in Iowa this growing season? What about other disease, weed and pest pressures? Brandon Hulme, Champion Seed Agronomist, joins us to discuss the 2025 growing season. We talk yields, tips for fall fieldwork and more. Find more at https://www.plantchampion.com.

Soybeans continue to lead the grain rally amid optimism of a forthcoming trade deal between the U.S. and China while cattle futures continue to see a fair amount of downside pressure. Arlan Suderman with StoneX joins us to discuss in our Midday Commentary for Tuesday, October 28th, 2025.

Soybeans were sharply higher on Monday amid weekend news of trade negotiations between the U.S. and China ahead of a meeting between President Trump and President Xi. That helped corn and wheat to the upside as well while cattle futures had an abysmal day on Monday, testing expanded limits to the downside. What do we make of Monday's trade action as a whole? John Heinberg with Total Farm Marketing joins us for a conversation to start the week. More at https://www.totalfarmmarketing.com. Monday was an active trading day with cattle futures testing expanded limits to the downside while grains and oilseeds were led by optimism surrounding U.S./China trade frameworks and negotiations. Tommy Grisafi from Nesvick Trading and ⁨@agbullmedia⁩ joins us to share perspective and thoughts on why hedging and risk management are extremely important right now. Learn more online at https://www.agbull.com. Could we see our first big round of cold weather and even some snow in parts of the U.S. later this week as we head to Halloween? What is the latest update on Hurricane Melissa and how beneficial was rain in the southern U.S. over the weekend? Eric Snodgrass with Nutrien Ag Solutions joins us to discuss in our Weekly Weather Update. More at https://www.ag-wx.com.

Grain markets at midday Monday are feeling the support from the headlines of a U.S./China framework ahead of the scheduled meeting between President Trump and President Xi later this week. Meantime, cattle futures are locked limit lower with expanded trading limits. Arlan Suderman, Chief Commodities Economist at StoneX, joins us to discuss in our Midday Commentary for Monday, October 27th, 2025.

The grain trade is relatively quiet on Friday as the outside markets digest new CPI and consumer sentiment data. Mike Castle with StoneX joins us to discuss in our Midday Commentary.

As we closed the week in the markets, we saw a quiet grain trade Friday after a very positive day across corn, soybeans and wheat on Thursday. The cattle markets also had another tough day to the downside on Friday amid more news headline impacts. Karen Braun, Chief Market Analyst for Zaner Ag Hedge, joins the show to discuss the week in the trade and take a deep dive on various trade data and more. Sign up for her newsletter: CLICK HERE Also on today's show, can we look at seed plot data across the country to give us an idea of what final yields could look like for corn and soybeans this year? Kevin McNew is Founder and Research Analyst with Quantum Hedging. He joins the show to discuss some of their models and data that could give us an understanding of what to expect for final yields across the Midwest in 2025. You can learn more online at https://quantum-hedging.com.

Thursday's grain and oilseed trade was full of strong, upside moves across the futures complex. Add in the moves in crude oil and we had a mostly "risk-on" trading day across commodities. Bryan Doherty with Total Farm Marketing joins us to discuss the technical picture and provide some perspective on cattle and dairy markets to close out the week. Learn more online at https://www.totalfarmmarketing.com. Also, there's been plenty of outside noise in this week's cattle market. President Trump's midweek comments on cattle gave both the market and producers a boost of energy. On this week's Cattle Chatter Brad Kooima with Kooima Kooima Varilek breaks down the pressuring factors facing the industry. Cash continues to hold strong despite the volatility, and as Kooima reminds, "we can't change supply in the next 150 days." A bit of a Thursday bounce added optimism, but long-term speculators are questioning how much pressure Brazil, tariffs, and the ongoing border closure with Mexico will continue to weigh on market movement.

Mike Castle from StoneX joins us for our Thursday Midday Commentary to discuss oil prices, potential impacts of Russian oil sanctions on fertilizer markets and some stats and perspective on the cattle market at midday Thursday.

More comments on social media from President Trump at midday Wednesday added more selling pressure through both live and feeder cattle futures markets. As pushback continues to mount from beef industry stakeholders and ranchers, are we starting to see the end of the bull run in cattle? Also, what are we needing to keep an eye on this week across the grains and oilseeds after a quiet day on Wednesday? Mike Zuzolo with Global Commodity Analytics joins us for a conversation. Find more online as well by visiting https://www.globalcommresearch.com.

Grain markets have been quietly higher on Wednesday while cattle futures are under pressure amid more rumors on Trump administration plans for beef prices, etc. Arlan Suderman, Chief Commodities Economist at StoneX, joins us to discuss in our Midday Commentary.

Gold and silver are crashing hard on Tuesday while grain markets are quiet and cattle futures push quietly higher. We dive into some of the headlines affecting the markets and examine the charts/technical picture in cattle, corn, soybeans and more. Brian Splitt with AgMarket.net joins us today for a conversation. Find more at https://www.agmarket.net.

It's another mixed day in the grain and livestock trade on Tuesday as markets seem to be drifting and waiting on the next set of headlines. Arlan Suderman with StoneX joins us for analysis and commentary.

We saw some rebound in cattle futures prices on Monday after huge losses on Friday tied to Trump Administration plans to lower beef prices by importing Argentine beef. What impacts from a futures/cash market perspective should we be watching for? Also, soybeans had a strong day on Monday. We break it all down with John Heinberg from Total Farm Marketing on today's show. More at https://www.totalfarmmarketing.com. Many areas of the Midwest got timely, beneficial rains this past weekend that may have slowed harvest but helped with soil moisture. Eric Snodgrass with Nutrien Ag Solutions joins us to discuss that, the pattern moving forward and some weather features to watch around the globe. More at https://www.ag-wx.com.

We see mixed action in grain and livestock trade with soybeans higher and cattle markets digesting news from the Trump Administration about beef imports from Argentina to try and lower the price of beef. Arlan Suderman, Chief Commodities Economist at StoneX joins us to discuss.

Headlines and comments made by President Trump are having a positive effect on grain markets and a negative effect on cattle trade through midday Friday. We discuss the market action and talk with Arlan Suderman from StoneX in our Midday Commentary.

With so much talk about how much corn was planted in 2025 and where things stand with commodity prices, it begs the question: what does the acreage mix look like in the U.S. for 2026? David Widmar with Agricultural Economic Insights joins us to discuss that, U.S./China relations, global grain flows and more. Learn more at https://www.aei.ag. Also, a healthy and clean 2026 crop starts right now with fall burn down and application. Fall-applied residual herbicides can enhance the management of resistant weeds, improve the potential for an earlier spring start, and increase planting flexibility. We discuss that and have an agronomic conversation with Will Griffin, row crop segment manager for Valent U.S.A., on the show.

We found another quiet trading day overall on Thursday, with a little bit of support in corn and soybeans amid a lack of farmer selling in the cash market, uncertainty surrounding final yields in corn and more. Bryan Doherty with Total Farm Marketing joins us to discuss on today's program, powered by John Deere. Learn more at https://www.totalfarmmarketing.com. Also on today's show, is the cattle market overbought? That's the big question this week as feeder cattle showed strength for much of the trade, while markets wait for the cash to fully develop. On this week's Cattle Chatter, powered by John Deere, Brad Kooima with Kooima Kooima Varilek breaks down whether the demand wall has been hit and if upcoming holiday buying could lend support heading into November. He also touches on continued frustration over the government shutdown, renewed discussions about the New World Screwworm, and an interesting connection between the gold and cattle markets.

We see a solid day overall in the grain markets on Thursday with some good strength returning to cattle futures also. Arlan Suderman from StoneX joined us to discuss in our Midday Commentary for Thursday.

Even with a quieter tone, there is a lot under the surface to look at in the commodity and livestock trade this week. Spreads, technical indicators, geopolitics and so much more are having an influence. Mike Zuzolo with Global Commodity Analytics joins us to break down what he is seeing in this week's ag market trade. More at https://www.globalcommresearch.com. Also, we hear from Ryan More at StoneX to open the show and take a look at ag news headlines to close out the program. Today's show powered by John Deere Operations Center. Find more at https://www.deere.com.

Grain markets are quiet and choppy again at midweek while harvest rolls along. We did get a new NOPA crush report out this morning; what did that have to tell us? Ryan Moe, Regional Director at StoneX, joins us for our Midday Commentary.

It was another quiet day of trade in the grains and oilseeds on Tuesday as the markets search for fresh news while harvest rolls along. Meanwhile, cattle futures again shot higher led by feeders on the day. Cory Bratland with AgMarket.net joins us for technical analysis and perspective on the show. Learn more online at https://www.agmarket.net. Also on the show today, while trade action is quiet in the grain markets, outside markets like gold and silver continue to be on fire along with the cattle complex setting more new highs on Tuesday. We have a conversation about this week's market trends and more with Tommy Grisafi from ⁨@agbullmedia⁩ and Nesvick Trading on today's show. Learn more at https://www.agbull.com.

We see a quiet grain trade at midday on Tuesday with more strength in the cattle complex. Also, the topic of ship and port fees is on people's minds as those go into effect. Arlan Suderman from StoneX joins us to discuss in our Midday Commentary.

We saw a quiet grain market trade to start the week on Monday with more strength in livestock futures. Should we be concerned though with potential downside risk, particularly in the corn market? John Heinberg with Total Farm Marketing joins us to discuss and run through Monday's market action. Find more online at https://www.totalfarmmarketing.com. The weather situation across most of the country has been warm and dry for harvest season so far. But, could we start to see more fall-like weather incoming as we look to the back half of October? Eric Snodgrass with Nutrien Ag Solutions joins us to discuss in our Weekly Weather Update. Find more online at https://www.ag-wx.com.