Market Talk

Crude oil hit $90 a barrel on Friday as war premium continued to bring money flow to the markets. Grains and oilseeds were up sharply as well led by wheat and soybeans while corn followed behind. What does all of this volatility and upside momentum mean for producers on the cusp of spring planting season in the U.S. and does it bring opportunity to manage risk? DuWayne Bosse with Bolt Marketing joins us for a conversation on today's show. Find more at https://www.boltmarketingllc.com. Another Friday, another sharply lower day in cattle futures. As we see volatility and strength in crude oil, grains and equities it seems the opposite is happening in the cattle trade. Scott Varilek with Kooima Kooima Varilek joins us to discuss if there are warning signs we need to be paying attention to in the cattle market along with perspective on the war volatility elsewhere in the trade. More at https://www.kkvtrading.com. Also, in Segment Two, we listen back to an excellent conversation about soybean cyst nematode that Susan Littlefield had during Commodity Classic. She is joined by Horacio Lopez-Nicora, Assistant Professor and Provost's Early Career Scholar, Soybean Pathology and Nematology at Ohio State University.

More volatility was seen across the markets on Thursday with crude oil hitting the $80 per barrel mark while the Dow Jones was down around 1,000 points on the day. Grains and oilseeds were higher led by a sharp rally in wheat while it was a mixed session in livestock. Bryan Doherty with Total Farm Marketing joins us to discuss risk management amid volatility, the question of whether or not we are losing corn acreage due to fertilizer challenges and much more on today's show. Find more at https://www.totalfarmmarketing.com. Also, the livestock trade was quieter on the day Thursday. Who is going to win the leverage battle in the cattle complex? That's one of many items discussed on this week's episode of Cattle Chatter as Susan Littlefield talks once again with Brad Kooima from Kooima Kooima Varilek. In Segment One, we share a conversation from Commodity Classic as Farm and Ranch Media's Corryn La Rue talked with Nathan Keane from the National Association of Wheat Growers.

On today's episode, we sit down with Mike Zuzolo from Global Commodity Analytics for analysis and perspective on the evolving war in the Middle East and why the Strait of Hormuz is a key chokepoint for global trade, energy, fertilizer and ag commodities in general. PLUS, we take a look at the resurgence in cattle futures at midweek and much more on today's show. Find more at https://www.globalcommresearch.com. Also on today's show, as farmers and agriculture industry professional made their way to Commodity Classic in San Antonio, TX last week, the team at BASF hosted a group of ag journalists for their annual Science Behind event to showcase new products and innovations. One of the highlights was Nemasphere™, one of the most groundbreaking innovations in soybean cyst nematode (SCN) management in over 60 years. We talked about the product with Michael McCarville, Trait Technology Lead for BASF.

We see a less volatile trading day on Wednesday across grain, livestock and outside markets. Arlan Suderman, Chief Commodities Economist at StoneX, joins us to discuss the latest trade action at midweek.

We see the volatility continue in crude oil, heating oil, RBOB gasoline, gold, silver, stocks, etc. But not as much volatility is being seen necessarily in the grain and livestock complex. How much impact could outside market pressures have on the ag sector? Brian Splitt from AgMarket.net joins us for analysis and insight after Tuesday's trade. More at https://www.agmarket.net. The outside markets continue to show immense volatility as we continue to watch what is unfolding in the Middle East. Tommy Grisafi with Ag Bull Media and Nesvick Trading Group joins us to discuss the latest moves in energies, metals and financial markets along with how it translates over to grain and livestock trade. Find more at https://www.agbull.com.

We see more volatility in the market trade on Tuesday as we watch the headlines from the Middle East. Arlan Suderman, Chief Commodities Economist at StoneX, joins us for our Midday Commentary to discuss the latest moves in grains, outside markets and livestock. We also talk about the updated StoneX Customer Survey for Brazil that came out on Monday afternoon.

It was no surprise that we saw volatility across the market trade to start the month of March as the weekend actions in the Middle East have stirred many market sectors. John Heinberg with Total Farm Marketing joins us to discuss the latest market moves in grains, livestock and energies along with thoughts on navigating risk management right now. Find more online by visiting https://www.totalfarmmarketing.com. As we enter into the month of March, are we ready to fully embrace spring or will there be another round of cold weather ahead? Eric Snodgrass with Nutrien Ag Solutions joins us to discuss the March outlook for preciptation, temperatures and how it's a "buyer beware forecast" right now. Find more online at https://www.ag-wx.com. Plus at the beginning of the show, we talk fertilizer markets specifically as Susan Littlefield has a conversation with Josh Linville, VP of Fertilizer at StoneX, about the latest in the Middle East and potential market impacts.

Plenty of volatility in the markets after the weekend strikes on Iran. We break down some of the latest moves with Arlan Suderman, Chief Commodities Economist at StoneX, in our Midday Commentary for Monday, March 2nd, 2026. ***Recorded at 11am CST***

Wheat saw a big rally into the end of the month on Friday, helping pull corn and soybeans along for the ride to the upside. Meanwhile, it was tough couple of days to close February in the cattle markets. On Friday during Commodity Classic in San Antonio, TX, we sat down on the trade show floor with Brian Splitt and Cory Bratland from AgMarket.net for analysis and insights. Plus, we share this week's episode of Cattle Chatter as Susan Littlefield talked on Thursday with Brad Kooima from Kooima Kooima Varilek about the volatility in the cattle market. At the end of the show, we have a Friday conversation with Joe Kooima from Kooima Kooima Varilek for more insight into what drove the cattle markets to finish out the week.

During the Thursday, February 26th, 2026 episode of Market Talk during Commodity Classic, we visited with CROPLAN to discuss what's new in the 2026 corn and soybean seed class, how localized seed innovation drives smarter decisions and more reliable returns for growers, how last year's challenges influences this year's decisions and so much more. Jeff Osterhaus, seed innovation manager for CROPLAN, joined us to talk about what the 2026 CROPLAN corn and soybean classes have to offer. We also sat down with Robert Cossar, CROPLAN seed innovation experience manager, to discuss how seed innovation is becoming more local and how data is leading to more predictable ROI. Find more information and your local retailer online at https://www.croplan.com. Plus, we also sat down with National Corn Growers Association Lead Economist Krista Swanson for our markets segment to discuss big picture supply and demand items for the corn market, the ag economy, USMCA, E-15 and much more. Find more at https://www.ncga.com.

On Wednesday's episode of Market Talk, we broadcast live from the Commodity Classic trade show floor with the folks at Farm Credit, discussing current conditions, financial realities on the farm and much more. We sit down with Tara Durbin, Chief Lending Officer for Agriculture at Farm Credit Mid-America during the first half of the show followed by Tony Jesina, Senior Vice President of Insurance with AgCountry Farm Credit Services and Farm Credit Services of America. In between, Zaner Ag Hedge Chief Market Analyst Karen Braun stops by for our markets segment to discuss some of the latest moves in the trade, South American competition in the markets and much more.

Soybeans were the upside leader on the day Tuesday as the markets were relatively mixed across the board. It seems like the markets are working through a fair amount of uncertainty regarding tariffs, China, Middle East tensions, acreage intentions and much more. Meanwhile on the livestock side, how much could the broader economy play a role later this year? Jim McCormick from AgMarket.net joins us on the sidelines of Commodity Classic in San Antonio, TX for today's market analysis conversation. Find more at https://www.agmarket.net. Also on today's show, we have two different agronomic conversations as we not only look back at 2025 but more importantly, look ahead to the 2026 growing season. In Segment One we hear from Alex Case, retail sales agronomist for Brevant seeds in Indiana who shares some tips on planning for 2026. Then, we talk with Syngenta's Jason Snell who dives more into lessons learned from last year and things to learn for this year ahead.

There is plenty of news to watch in the markets as we start the final week of February. Arlan Suderman, Chief Commodities Economist at StoneX, joins us to discuss everything from tariffs to geopolitics and more in our Midday Commentary.

The Supreme Court ruled against President Donald Trump's sweeping global tariffs imposed under the International Emergency Economic Powers Act on Friday. The President responded in a press conference saying other measures would be taken. And the markets didn't seem to know what to think when it was all said and done. Ted Seifried with Zaner Ag Hedge joins us to discuss as we close out the week. More at https://www.zaner.com. Also as we wrap up the week, the cattle markets are watching multiple items including the Supreme Court tariff ruling, any updates on a potential strike at JBS in Greeley, CO, the cash markets and much more. Scott Varilek with Kooima Kooima Varilek joins us to discuss the cattle, hog and grain markets as we close out the week. More at https://www.kkvtrading.com. And finally, what does this tariff news mean for the grain and fertilizer markets in the short and long term? Also, regarding fertilizer, what does this week's Executive Order mobilizing the Defense Production Act to safeguard the domestic production of elemental phosphorus and glyphosate-based herbicides mean for the markets? Mike Castle with StoneX joins us to break it all down. More at https://www.stonex.com.

As we saw on Friday, the Supreme Court struck down President Donald Trump's sweeping global tariffs imposed under the International Emergency Economic Powers Act. What does this news mean for the grain and fertilizer markets in the short and long term? Also, regarding fertilizer, what does this week's Executive Order mobilizing the Defense Production Act to safeguard the domestic production of elemental phosphorus and glyphosate-based herbicides mean for the markets? Mike Castle with StoneX joins us to break it all down in our Market Talk Midday Commentary for Friday, February 20th, 2026.

Wheat and crude oil continued their rally on the back of weather and geopolitical risk in those markets. Corn and soybeans were quiet once again as USDA's Ag Outlook Forum projected smaller corn acres and higher soybean acres for the year ahead. Bryan Doherty with Total Farm Marketing joins us to discuss the week in the grain and livestock markets. Find more at https://www.totalfarmarketing.com. Cash is still king in the cattle market, with Northwest Iowa seeing trades at $250, reinforcing the strength of negotiated cash. Attention now turns to Friday, which brings two potential market movers: the latest Cattle on Feed report and another vote at the JBS plant in Greeley, Colorado. On this week's Cattle Chatter, Brad Kooima with Kooima Kooima Varilek breaks down the strong cash movement, the impact of heavier cattle, and answers a listener question about cattle in Mexico and whether more are now being processed south of the border.

We saw a quieter day in corn and soybeans on Wednesday while we had strength in wheat, crude oil and soybean oil on the session. There are plenty of items at play including weather risk for wheat, geopolitical concerns across the globe, USDA's Ag Outlook Forum kicking off on Thursday, a Cattle on Feed report to end this week and much more. Mike Zuzolo with Global Commodity Analytics joins us to break it all down on today's program. Find more online at https://www.globalcommresearch.com. Also, we welcome Aaron Bertels from Crossroads Marketing to the show for analysis as we get things started in segment one and we close the show with comments from Mike Castle at StoneX from Wednesday's Midday Commentary.

Wheat and crude oil are the upside leaders at midday on Wednesday with weather and geopolitical risks at play. Mike Castle from StoneX joins us to discuss in our Midday Commentary.

As we continue to watch the soybean market find support, there continues to be more early season chatter about increased soybean acres over corn and other commodities like cotton, rice, etc in 2026. But does it make sense? How does managing our risk come into play? Jacob Burks with AgMarket.net joins us to discuss the grains, livestock and outside markets on today's show. Find more at https://www.agmarket.net. We have multiple weather features to look at this week across the U.S. including winter weather, high winds and severe thunderstorm potential. Eric Snodgrass with Nutrien Ag Solutions joins us to discuss everything on our plate this week along with thoughts on the drought concerns across much of the country heading towards spring. More at https://www.ag-wx.com.

It's a mixed day of markets as we resume normal trading after the three-day weekend. Arlan Suderman, Chief Commodities Economist at StoneX, joins us to discuss the grain, livestock and outside market factors to watch today and this week ahead.

On Friday, ahead of the holiday weekend, we saw a quieter day overall in the markets with mixed action in grains and livestock. The outside markets seemed to stabilize a bit as well with some strength in gold, silver, etc. Tommy Grisafi with AgBull Media and Nesvick Trading Group joins us for some perspective across the markets into the President's Day weekend. More at https://www.agbull.com. It has been a much quieter week in the cattle markets as we head to a three-day holiday weekend, with cash trade relatively slow this week. Are we nearing a point where we should be concerned? Is the proverbial "check engine light" on in the cattle market? How about the weaker week in the hog trade? Joe Kooima with Kooima Kooima Varilek joins us to discuss. Learn more at https://www.kkvtrading.com. Also, we share part of the conversation that Susan Littlefield had earlier this week with Darren Frye from Water Street Solutions in Segment Four of today's show.

Markets are much quieter heading into the three day holiday weekend than they were earlier this week. Arlan Suderman with StoneX joins us to break it all down at midday Friday.

Post USDA WASDE report, what is the new lay of the land in terms of grain and livestock market data? How is this going to impact fundamentals along with policy issues, weather, acreage and more? Mike Zuzolo with Global Commodity Analytics joins us to break it all down on today's show. Find more at https://www.globalcommresearch.com. Also, we spend time today at the National Farm Machinery Show in Louisville, KY! We talk in Segment One with Craig Lee from Geringhoff and then in Segment Four with Brad Beene from Amazone about products they have on display at this year's show.

Mixed action in the markets on Wednesday. Arlan Suderman with StoneX joins us to talk grains, livestock and outside markets at midweek.

On Tuesday, USDA released the February 2026 WASDE report and showed minimal changes as expected. Changes included some revisions to the U.S. ending stocks for corn and wheat along with Brazil soybean production being raised. Arlan Suderman, Chief Commodities Economist at StoneX joins us to break down the numbers in our Market Talk Midday Commentary.

We saw a quiet start to the week in the grain and livestock markets as the grains prep for the February WASDE Report tomorrow. John Heinberg from Total Farm Marketing joins us for a conversation. Also, we get an update on the weather forecast for the week ahead with Eric Snodgrass from Nutrien Ag Solutions and listen in to a conversation from last week during CattleCon 2026 with Kara Lee, Director of Producer Engagement, Certified Angus Beef.

We see a quiet and mixed trade to start the week in the ag sector while the outside markets watch the latest happening in Japan. Arlan Suderman, Chief Commodities Economist at StoneX, joins us to discuss in our Midday Commentary.

It was a volatile week of trading in the cattle markets with the JBS Greeley, CO news on Thursday followed by more red hot cash cattle trade on Friday that helped support a decent futures rally. Scott Varilek with Kooima Kooima Varilek joins us to share perspective on the livestock markets and a bit on the grains as we finish up the week. More at https://www.kkvtrading.com. Meanwhile, it was a strong week for the soybean complex although Friday did bring a round of profit taking and farmer selling it seems as we finished well of session highs. The corn and wheat markets continued to struggle with more quiet, rangebound trade. And, we also get thoughts on beef on dairy but looking at it from the dairy side of the equation with Bryan Doherty, Senior Market Advisor with Total Farm Marketing. Find more online by visiting https://www.totalfarmmarketing.com.

We spent the final day of Cattle Con 2026 in Nashville by having some conversations about the current state of the cattle markets, beef industry, demand and more. In Segment One, we talk with Dr. Derrell Peel from Oklahoma State University followed by Paul Dykstra from Certified Angus Beef in Segment Two. Then, we finish the show with a live episode of Cattle Chatter direct from the trade show floor as Susan Littlefield talks again this week with Brad Kooima from Kooima Kooima Varilek. Special thanks to Corteva Agriscience for having us in their booth for the live taping of this week's Cattle Chatter conversation.

On Wednesday afternoon, we spent time with the team at Farm Credit on the trade show floor during the Cattle Industry Convention in Nashville, TN. We discussed the current state of the cattle economy and conversations you should be having with your lenders in 2026. We also talk with Brian Earnest, livestock economist with CoBank, about consumer meat demand and more. Farm Credit show guests include: -Josh Davis, Vice President of Food & Agribusiness with Farm Credit Mid-America -Todd Moore, Senior Credit Officer, Farm Credit Mid-America -Fallon Savage, Senior Vice President of Corporate Credit with Farm Credit Services of America, Frontier Farm Credit, and AgCountry Farm Credit -Landon Nelson, Vice President of Livestock Insurance with Farm Credit Service of America

There is a lot going on in the markets this week from 45Z and biofuels news to US/China relations, the Greeley, CO JBS plant strike potential and much more. Arlan Suderman, Chief Commodities Economist at StoneX, joins us to discuss the week in the markets and Friday's trade action in our Midday Commentary.

We discuss 45Z news, market reaction and thoughts across the grain and livestock sector on Tuesday with Arlan Suderman, chief commodities economist with StoneX.

We are spending time at AgMarket.net's Farming for Profit, Not Price conference in Nashville, TN this week. On today's show, we get started with Eric Snodgrass from Nutrien Ag Solutions with our Weekly Weather Update in person followed by a conversation with Brian Burke, President of John Stewart & Associates, who shares thoughts on the amount of unpriced corn in farmers hands. Then, we review last week's Cattle Inventory Report with Tyler Schau from AgMarket.net followed by a look into the company's mobile app and resources for farmres with Jacob Burks from AgMarket.net.

We find a higher day in livestock, cattle particularly, and a mixed to lower day in the grains and oilseeds on Monday. Arlan Suderman with StoneX joins us to discuss in our Midday Commentary.

Grain and livestock futures were under selling pressure to close out the month of January while metals, stocks and more were down even harder on Friday. Bryan Doherty with Total Farm Marketing joins us to share perspective on the finish to the week and month, thoughts on farmers selling small rallies in the grain trade, an update on a volatile dairy market and more. Find more at https://www.totalfarmmarketing.com. Friday's futures trade brought some heavy selling pressure in feeder cattle with some spilling over to live cattle ahead of the Cattle Inventory Report release. Joe Kooima with Kooima Kooima Varilek joins us to discuss what he's seeing at month's end, thoughts in lean hogs and some grain market perspective as well. More at https://www.kkvtrading.com.

Markets are mostly lower at midday Friday as we close out the month of January. Arlan Suderman, Chief Commodities Economist with StoneX, joins us to discuss the new Producer Price Index data along with the new Fed Chair nominee, end of month grain and livestock trade and much more.

It was a mixed day in the markets on Thursday with outside markets like crude oil and metals seeing most of the action. As we wrap up the month of January and see corn and soybeans moving up against resistance, is it time to get defensive with your risk management and marketing? Kristi Van Ahn-Kjeseth with Van Ahn & Company joins us to talk about that and more on today's show. Find more at https://www.vanahnco.com. Also in Segment One, we listen to our Midday Commentary audio with Arlan Suderman from StoneX who shares thoughts on crude oil, Middle East tensions, the U.S. dollar drop and much more.

We saw the grain markets mostly higher on Wednesday, led by soybeans and wheat, while cattle also had a mostly higher day. Mike Zuzolo with Global Commodity Analytics joins us to discuss the trade action, the latest rate decision by the Federal Reserve, the impact of a lower dollar on commodities and much more. Find more at https://www.globalcommresearch.com. Also, we hear from Mark Lucas at StoneX to start the show from our Midday Commentary and then we share a conversation between Susan Littlefield and Don Roose from U.S. Commodities to close the show in Segment Four.

It was a quiet day of trade in the markets on Tuesday as grains were mostly lower and the livestock complex was choppy to higher. Tyler Schau with AgMarket.net joins us for a wide ranging conversation as we look at market sentiment, talk cash basis and much more. Find more at https://www.agmarket.net. We also hear from Susan Littlefield who talks with Mike Castle at StoneX for market perspective to open the show.

It was a strong day for dairy and cattle to start the week while the grain trade was mostly lower to start the week. John Heinberg with Total Farm Marketing joins us to discuss what he's seeing across the markets as we start off the week of trading. More at https://www.totalfarmmarketing.com. Many part of the U.S. are experiencing frigid temperatures this week, on top of a massive winter storm that brought snow, ice, power outages and more for many across the country (Jesse Allen included). For our Weekly Weather Update with Eric Snodgrass from Nutrien Ag Solutions, Jesse shares a firsthand look at what his backyard looks like and they talk about when this pattern may change and start to thaw folks out. More at https://www.ag-wx.com.

We saw a mostly higher day in grain and livestock futures on Friday as the week of trade felt largely like a week of market consolidation. Scott Varilek with Kooima Kooima Varilek out of Sioux Center, IA joins us to recap this week's trade action including perspective on the cattle complex, winter weather impacts, grain trade, the U.S. dollar index and much more. Find more at https://www.kkvtrading.com. Bovine respiratory disease (BRD) caused by Mannheimia haemolytica (Mh) is the primary cause of bacterial pneumonia and death for feedlot cattle. In fact, 75% of BRD cases are caused by Mh.1 Protecting cattle from BRD infection is critical to safeguarding both cattle health and operational profitability. Dr. Jeremi Wurtz, an Elanco beef technical consultant, joins us to discuss how producers and feedlot operators can protect cattle from BRD and managing our herd through severe winter weather.

We saw strong weekly export sales numbers on Friday morning while grain and livestock trade is largely in consolidation mode to slightly higher. Arlan Suderman, Chief Commodities Economist at StoneX, joins us to share his perspective in our Midday Commentary for Friday, January 23rd, 2026.

We saw a mixed grain and livestock trade on Thursday as wheat was the upside leader. Bryan Doherty with Total Farm Marketing joins us to discuss potential winter weather impacts on wheat, perspective on the current state of the soybean market, along with a look at cattle and dairy markets as well. Find more online by visiting https://www.totalfarmmarketing.com. Also, it's a new episode of Cattle Chatter this week with Susan Littlefield and Brad Kooima from Kooima Kooima Varilek. This week on the show, they break down the softer feeder index, weather that may not yet be fully priced in as snow and colder temperatures arrive late this week, and what Friday's Cattle on Feed report could reveal about tighter supplies moving forward. Find more at https://www.kkvtrading.com.

A mixed to higher day is being seen across grain and livestock trade at midday Thursday while word out of Washington D.C. is that E-15 language is not included in government funding legislation. We touch on that and more with Arlan Suderman, Chief Commodities Economist at StoneX.

Soybeans and soybean oil saw good strength to the upside on Wednesday while the overall 2026 acreage debate seems to be ramping up amid other conversations in agriculture. Mike Zuzolo with Global Commodity Analytics joins us for today's wide-ranging conversation on the grain, livestock and outside markets. More at https://www.globalcommresearch.com.

Soybeans are the star of Wednesday's trade as the world watches comments from President Trump in Davos regarding Greenland. We get perspective on that and more in today's Midday Commentary with Arlan Suderman from StoneX.

Plenty of outside market volatility was seen on Tuesday amid the geopolitical headlines running wild the last several days. Meanwhile, it was a quieter day in grains and livestock to start the short trading week. Matt Bennett from AgMarket.net joins us to discuss what he is hearing from farmers, managing our risk moving towards spring planting and more. Find more online at https://www.agmarket.net. We wrap the show in Segment Four with a look at what could be a wild week ahead for weather as Eric Snodgrass joins us for our Weekly Weather Update. More at https://www.ag-wx.com.

Markets are closed on Monday for the Martin Luther King Jr. Day holiday. We recap Friday's tough day in the cattle markets to start the show with part of our conversation with Joe Kooima from KKV Trading. Then, we listen back to our recent conversation on nitrogen with David Chaffin from Ever.Ag. Learn more online at https://www.ever.ag/nitrogen.

Newly reported New World Screwworm cases in Mexico on Thursday and words of warning from Texas ag officials found their way into cattle market sentiment and trade on Friday as we had a sharply lower day in feeder and live cattle futures. Meanwhile, the hog market continues to find support while grains finished the week on a quieter note. Joe Kooima with Kooima Kooima Varilek out of Sioux Center, IA joins us to recap Friday's trade and look ahead to the three day holiday weekend. Learn more at https://www.kkvtrading.com. Also, we get market perspective on Friday's program from Shawn Hackett with Hackett Financial Advisors. He joins us to discuss where the grain markets go from here now that we've digested the USDA numbers along with thoughts on weather, outside markets and more. Find more online by visiting https://www.hackettadvisors.com.