Market Talk

As we work into the end of 2025, there is still plenty of news and even uncertainty surrounding the broader market picture. Trade, catching up on data from the shutdown, South American weather and so much more is at play here moving forward. We dive into all of that and look at a mixed market trade on Wednesday with Ted Seifried from Zaner Ag Hedge on today's show.

Grain markets are mostly lower at midday Wednesday as we continue to slowly receive CFTC fund data and more. Also, China/US soybean trade is in the news again today. Ryan Moe, Regional Director for StoneX, joins us to discuss.

We saw good market action to the upside in corn, wheat and cattle futures on the second day of December 2025. Brian Splitt with AgMarket.net joins us to discuss trends, chart action and much more as we look across corn, wheat, soybeans, cotton, rice and cattle markets on today's show. Learn more online at https://www.agmarket.net.

Grain and livestock markets are trading mostly higher as we work through our Tuesday session with corn, wheat and cattle the upside leaders. Arlan Suderman, Chief Commodities Economist at StoneX, joins us to discuss in our Midday Commentary.

Grain and livestock markets kicked off the final month of 2025 with a lower day across much of the trade. Is the seasonal low volume holiday trade mindset and winter blues already settling into the commodity markets? John Heinberg with Total Farm Marketing joins us to share perspective on the markets as we kicked off the week and the month of December. Find more online by visiting their website at https://www.totalfarmmarketing.com. Meantime, meteorological winter has arrived as the calendar turns to December and we saw winter arrive in a big way across much of the Midwest over the weekend. Eric Snodgrass with Nutrien Ag Solutions joins us to discuss on our Weekly Weather Update. Learn more online at https://www.ag-wx.com.

Grain and livestock markets are quietly lower to start the month of December. Arlan Suderman, Chief Commodities Economist at StoneX, joins us to look at Monday's market action.

After the volatility to start the week on Monday, and amid the holiday shortened trading week, cattle futures somehow rallied to a higher weekly close as we finished out the month of November on Friday. Scott Varilek with Kooima Kooima Varilek in Sioux Center, IA joins us to wrap up the week in the livestock and grain markets. Find more at https://www.kkvtrading.com. Also on today's show, we feature two conversations from the 2025 NAFB Convention last week in Kansas City, MO as we talked with David Widmar from Agricultural Economic Insights and Tanner Ehmke with CoBank. And in Segment Four, Susan Littlefield visited Friday with Sue Martin From Ag & Investments in Clarion, IA to wrap the month of November in the trade.

The Friday after Thanksgiving is usually a quiet market day with a hard open and shortened session of trading. We see grains quiet with more strength in cattle futures to close out the week. Arlan Suderman, Chief Commodities Economist at StoneX, joins us to discuss and wrap up the week of trade.

Wishing everyone a Happy Thanksgiving! On today's episode, we look at the strength in grain and cattle futures ahead of the holiday on Wednesday. Mike Zuzolo with Global Commodity Analytics joins us to discuss factors he is watching across wheat, crude oil, corn, soybeans and cattle as we close out the month of November. More at https://www.globalcommresearch.com. On this week's Cattle Chatter, Brad Kooima of Kooima Kooima Varilek breaks down how the Tyson plant closure is set to weigh on the trade in the weeks ahead. Cattle weights remain elevated, though the incoming Arctic blast may finally trim some pounds. Brad also dives into the formula trade, what this shutdown means for leverage, and why history may be repeating itself — echoing the plant closure challenges we saw back in 2015.

It was another day of pre-holiday trade in grains and oilseeds on Tuesday, with narrow and quiet trading ranges. Meantime, cattle did bounce a little in futures on the day. We discuss the importance of risk management and looking at your plans as we head towards Thanksgiving with Tyler Schau from AgMarket.net. Also, we listen to a conversation from last week's NAFB Convention in Kansas City, MO as we analyze the farm economy and trends heading into 2026 with Megan Roberts from Compeer Financial.

It is another quiet day in the grain and oilseed markets as more pre-holiday position squaring seems to be at play. Meantime, the cattle market is bouncing a bit after an ugly Monday trade. Arlan Suderman, Chief Commodities Economist at StoneX, joins us to discuss in our Midday Commentary.

The news of Tyson Foods closing it's Lexington, Nebraska plant has been the talk of the cattle industry since Friday afternoon and it was the main driver of a limit down day across live and feeder cattle futures to start the holiday week. Meanwhile, it was quiet pre-holiday trade in the grains and oilseeds on Monday. Kristi Van Ahn-Kjeseth with Van Ahn & Company joins us for analysis on today's show. Find more online by visiting https://www.vanahnco.com. Some folks could see snow, some could see severe weather.......either way you slice it things could be dicey for Thanksgiving this week across the country. Eric Snodgrass with Nutrien Ag Solutions joins us to discuss the weather outlook as we finish up November. More at https://www.ag-wx.com. Also on today's show, we head back to last week's NAFB Convention in Kansas City, MO and get a harvest recap and agronomic update from Ohio and the Eastern Corn Belt with John Brien, Agronomy Division Manager for AgriGold. More at https://www.agrigold.com.

Cattle futures are starting the week locked down the daily limit amid the news of Tyson Foods closing its Lexington, Nebraska facility. Meantime, it is a quiet start to the week in grains. Arlan Suderman with StoneX joins us to discuss in our Midday Commentary for Monday, November 24th, 2025.

We see the grain markets fairly quiet on Friday in a consolidation type of trade while the livestock markets are under pressure amid the removal of tariffs on Brazil and more. Arlan Suderman, Chief Commodities Economist at StoneX, joins us to discuss in our Market Talk Midday Commentary for Friday, November 21st, 2025.

Tuesday seemed to be a consolidation day in the grains and cattle, with a bit of pressure in the lean hog complex. Overall, did traders take a bit of a pause after the volatility of Friday and Monday? Jacob Burks with AgMarket.net joins us for a conversation and look at the markets. Find more online by visiting https://www.agmarket.net. Also, what did the WASDE have to tell us for wheat and cotton balance sheets? What about price action in corn, soybeans and cattle? Nick Lawrence with TraderPhD joins us to discuss on today's show. More at https://www.traderphd.com.

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.