Market Talk

***NOTE: markets are closed on Friday for Juneteenth. We will be back with a new program on Monday. As we wrapped up the trading week on Thursday, USDA confirmed rumored soybean sales to China on the morning export report. So why did the grain markets (soybeans especially) find a negative tone into the holiday weekend? We discuss the broader selloff in grains and livestock ahead of Father's Day with Bryan Doherty, Senior Market Advisor at Total Farm Marketing on today's show. More at https://www.totalfarmmarketing.com. Also, it's a new episode of Cattle Chatter in Segment Two as Susan and Brad go through the week in the cattle market ahead of the long holiday weekend.

USDA confirmed Chinese purchases of soybeans on Thursday morning, yet we are seeing a selloff across many commodities into the three-day weekend. Arlan Suderman with StoneX joins us to discuss in our Market Talk Midday Commentary for Thursday, June 18th, 2026.

The grain markets were quietly higher on Wednesday, with the wheat complex finding some great support. Cattle futures were mixed as we near the next Cattle on Feed report and overall, crude oil continued to try and find it's new trading level. Mike Zuzolo with Global Commodity Analytics joins us to discuss the potential role of weather, the energy story, inflation and more in the markets. Find more online by visiting https://www.globalcommresearch.com. As war in the Middle East between the U.S. and Iran is reportedly winding down, fertilizer prices have also been falling in a recent weeks. Are we out of the woods yet when it comes to price, supply, infrastructure and more? Josh Linville, VP of Fertilizer at StoneX, joins us for an update ahead of Father Day's weekend and shares some thoughts on what producers need to remember. Find more online as well at https://www.stonex.com.

Grain and livestock markets show mixed action on Wednesday as we near the end of a holiday shortened week. Arlan Suderman, Chief Commodities Economist at StoneX, joins us to discuss in our Midday Commentary.

Rumors that China is kicking the tires on buying U.S. soybeans gave the grains and oilseeds some upside momentum to open Tuesday's trade. The markets did pullback but could we be looking at more demand led story moving forward? That's one of many topics we discuss today with Jim McCormick from AgMarket.net on Market Talk. More at https://www.agmarket.net. The grain markets are watching weather and demand rumors as we work through mid-June while the cattle market continues to see a surge to start this week in the futures trade. Sam Hudson with Cornbelt Marketing joins us for analysis on today's show. Find more online by visiting https://www.cornbeltmarketing.com.

Some volatility has returned to the grains and oilseeds on Tuesday while cattle show another strong day to the upside through midday. Arlan Suderman, Chief Commodities Economist at StoneX, joins us to discuss in our Midday Commentary.

The outside markets saw volatility on Monday amid the reports of a US/Iran peace deal. Meantime, the cattle complex had a good start to the week while the grain markets were quietly mixed. Mike Minor with Professional Ag Marketing joins us to share perspective on the ag markets and share some thoughts on consumer meat demand amid rising inflation. Find more online at https://www.professioanlagmarketing.com. We saw a rough few days of severe weather in parts of the Midwest the last few days and it sounds like there is more on the way this week. Eric Snodgrass with Nutrien Ag Solutions joins us to discuss on our Weekly Weather Update. Find more at https://www.ag-wx.com.

Grains and livestock trade are fairly mixed as most of the attention is in the energy sector and financials after reports of a U.S. and Iran peace agreement. Arlan Suderman, Chief Commodities Economist at StoneX, joins us to discuss in our Midday Commentary.

We have seen a large selloff in the grain markets over the past month as funds and speculative money have been heading for the exits, causing lots of chart damage along the way. Why did funds leave and when could they come back? Could inflation drive money back into grains? What do we make of the moves in the cattle markets as of late? These are all questions we explore today with Ted Seifried from Zaner Ag Hedge who joins us to close out the week. Find more at https://www.zaner.com. We wrapped up livestock trade on Friday with more volatility in the cattle markets, as we saw some pressure in futures possibly tied to morning headlines of two JBS plant closures in Pennsylvania and Tennessee. What do we make of some of the head-scratching moves in cattle as of late? Also, are we finding support in lean hog futures? Joe Kooima with Kooima Kooima Varilek joins us to wrap up the week in the livestock trade. Find more online at https://www.kkvtrading.com.

We saw a quieter day in the grain trade on Friday as we had mixed action through midday while there was some pressure in cattle futures and more inflation data to absorb to close out the week. We discuss those things with Arlan Suderman, Chief Commodities Economist at StoneX, in our Market Talk Midday Commentary.

We saw the grain markets mixed to lower on Thursday as the June WASDE report came and went with minimal changes. Cattle futures saw a good day to the upside as the markets continue to digest New World Screwworm in the United States. Bryan Doherty with Total Farm Marketing joins us for analysis and perspective on today's show. Find more at https://www.totalfarmmarketing.com. Meanwhile, it's been a week filled with head-scratching price action and volatility in the cattle market. According to Brad Kooima of Kooima Kooima Varilek, the market has become increasingly difficult to read on a day-to-day basis. He joins Susan Littlefield for a new episode of Cattle Chatter in Segment Two. PLUS, we have analysis of the WASDE to open the show from Arlan Suderman at StoneX.

Minimal changes to the overall balance sheets according to USDA's June WASDE Report out on Thursday. Arlan Suderman, Chief Commodities Economist at StoneX, joins us to recap the numbers and discuss what he saw on the report.

Susan Littlefield sits in for one more day for Jesse as she has conversations with Mike Zuzolo from Global Commodity Analytics, Darin Fessler from Lakefront Futures and Arlan Suderman from StoneX today.

Susan Littlefield sits in on today's show and has conversations with Tyler Schau from AgMarket.net, Kyle Bumsted from Allendale and Arlan Suderman from StoneX.

On today's show, Susan Littlefield sits in again and has conversation with Jeff Hoogendoorn from Professional Ag Marketing, Eric Snodgrass with Nutrien Ag Solutions and John Heinberg with Total Farm Marketing.

Susan Littlefield sits in for Jesse Allen on Friday's show and has conversations with Arlan Suderman at StoneX, Mike Zuzolo with Global Commodity Analytics and Scott Varilek with Kooima Kooima Varilek to close out the week.

Susan Littlefield sits in today on Market Talk as she spends time at World Pork Expo in Des Moines, IA. We hear conversations with USMEF and Dr. Lee Schulz from Ever.Ag. It's also a new episode of Cattle Chatter with Brad Kooima from KKV Trading and we talk markets with David Ericson from AgOptimus.

Money flow seemed to be against the grain and cattle markets again on Wednesday as we saw pressure across the ag trade except for soybean oil and lean hogs. Could this be a sign that funds are exiting their positions and taking money out of the ag markets? Is this simply a short term correction or the start of a longer term trend? We discuss that, algorithm trade action and more with Mike Zuzolo from Global Commodity Analytics. Find more online at https://www.globalcommresearch.com. BASF and Arva Intelligence have announced a strategic collaboration to help biofuel producers and farmers capture the full value of the Clean Fuel Production Credit (Section 45Z) once the implementing regulations are finalized. We learn more about this with Jeff Carver, Commercial Manager for xarvio® BIOENERGY at BASF Agricultural Solutions and Ryan Pearcy, Managing Director, Biofuels and Renewable Energy at Arva. You can also learn more at https://agriculture.basf.us/crop-protection/news-events/news-releases/BASF-and-Arva-announce-strategic-collaboration-to-deliver-a-pathway-for-farmers-and-biofuel-producers-to-benefit-from-the-45Z-biofuel-tax-credit.html

Markets are seeing selling pressure at midweek as money flow trends against grain and livestock markets. Arlan Suderman with StoneX joins us to discuss in our Midday Commentary.

Markets are seeing pressure and negative money flow across grains and livestock on Tuesday. Arlan Suderman, Chief Commodities Economist at StoneX, joins us to discuss the market action at midday.

New month, same story it seemed on Monday as the grain and livestock markets were largely mixed with the exception being soybean oil and cattle finding early week support. John Heinberg with Total Farm Marketing joins us on today's show to provide analysis and perspective as the markets enter a new month with many of the same dynamics and headlines factoring into the trade. Find more at https://www.totalfarmmarketing.com. We saw soybean oil move higher again on Monday, along with crude oil, while the rest of the grain markets were mixed to lower watching the same old news headlines and more. Meantime, cattle futures had a decent rebound from last week to kickoff the month of June. Mike Minor with Professional Ag Marketing joins us to discuss on today's show. Find more online at https://professionalagmarketing.com. As the calendar flips to June, farmers and ranchers are watching the drought monitor, severe weather, rain potential and more closely as we enter the growing season. Eric Snodgrass with Nutrien Ag Solutions joins us to discuss on our Weekly Weather Update. More at https://www.ag-wx.com. We also close out the show in Segment Four as our own Susan Littlefield talks markets after Monday's session with Matt Bennett from AgMarket.net.

We see a mixed start to the month of June in the markets with crude oil, soybean oil and cattle finding early week support. Arlan Suderman, Chief Commodities Economist at StoneX, joins us to discuss in our Midday Commentary for Monday, June 1st, 2026.

The trend was lower on Friday across the grain and livestock trade (the lone exception being soybean oil) as it appeared funds and algo traders took more profit out of the markets ahead of the weekend. As planting wraps up and crops get some heat, when will the weather conversation start to factor into the markets? DuWayne Bosse from Bolt Marketing joins us from his tractor cab for analysis and perspective on grains, livestock, meat demand and more. Find more online at https://www.boltmarketingllc.com. It was a tough end of the week and month in the livestock trade on Friday as we saw broad based selling in cattle and hogs futures. Cash trade for cattle was also a tad weaker on the week and commodities (except soybean oil) were generally in the red as well. Joe Kooima with Kooima Kooima Varilek joins us to share perspective on the livestock and grain markets to end the week. Find more at https://www.kkvtrading.com.

We saw broad based selling pressure in the markets to end the week and the month of May. Arlan Suderman, Chief Commodities Economist at StoneX, joined us to share perspective in our Midday Commentary on Friday.

We saw soybean oil and soybeans find support on Thursday with the latter being pulled higher by a surge in bean oil. The rest of the markets had a mixed to sideways tone as we near the end of the week and the month of May. Bryan Doherty with Total Farm Marketing joins us to discuss the market action on today's show. Find more at https://www.totalfarmmarketing.com. Also, it's a new episode of Cattle Chatter with Susan Littlefield and Brad Kooima in Segment Two and we hear from Sam Hudson of Cornbelt Marketing to open the show in Segment One who gives perspective on this week's market trade action.

Soybeans and soybean oil are showing strength at midday Thursday while the rest of the markets are mixed to lower. Arlan Suderman, Chief Commodities Economist at StoneX, joins us to discuss the grains, livestock and outside markets as we near the end of the week and month.

It sounds like another classic case of "funds vs fundamentals" at midweek as we saw soybean oil and cattle surge while crude oil, wheat and corn found some pressure. Mike Zuzolo with Global Commodity Analytics joins us today to share some correlations to watch with crude oil, wheat and corn. He also gives some context to the continued surge in soybean oil and the post-holiday rally in the cattle complex that continued on Wednesday. Find more online at https://www.globalcommresearch.com.

Cattle futures were seeing a solid rally through midday on Wednesday while the grain complex was a mixed bag. Arlan Suderman, Chief Commodities Economist at StoneX, joined us to discuss in our Market Talk Midday Commentary.

Grain and livestock markets were quietly mixed to lower as we came back from the three-day weekend on Tuesday as traders search for the next headline to add volatility to these markets. Cory Bratland with AgMarket.net joins us to discuss headlines, hot/dry weather impacting spring wheat and canola markets on Tuesday, perspective on the livestock trade and much more. Find more online at https://www.agmarket.net. As we gear up to move into the month of June, does the weather pattern look to be drier for the Corn Belt? Eric Snodgrass with Nutrien Ag Solutions joins us to break it all down as we discuss new long-range models and more in our Weekly Weather Update. Find more at https://www.ag-wx.com.

We see mixed to lower action in grains with higher action in the cattle market coming out of the holiday weekend. Arlan Suderman, Chief Commodities Economist at StoneX, joins us to discuss in our Market Talk Midday Commentary for Tuesday, May 26th.

Today's lineup includes a recap of Friday's Cattle on Feed Report with Susan Littlefield and Kyle Bumsted plus analysis and perspective from Scott Varilek, Brady Huck, Naomi Blohm, Arlan Suderman and Shawn Hackett. Please remember those who paid the ultimate sacrifice for our freedom this Memorial Day.

The week started with plenty of volatility in the grains and oilseeds while we ended the week with big losses in feeder cattle futures. Will this volatility stick around after Memorial Day? What seasonal windows should we be watching in the grain trade? Naomi Blohm with Total Farm Marketing joins us for a wide-ranging conversation on the markets and risk management. Find more online at https://www.totalfarmmarketing.com. News of the lockout at Cargill in Fort Morgan, CO, more rumors of other plant strikes, fund movement ahead of the holiday weekend; there appears to be a lot of things happening across cattle futures to close out the week. Scott Varilek with Kooima Kooima Varilek joins us for analysis and perspective on the week in the livestock trade. More at https://www.kkvtrading.com. And as we saw heavy volatility in the cattle futures to end the week, Brady Huck with EmpowerAg Trading joins us to share some thoughts on the technical picture in the feeder cattle market. We also discuss the weather situation and how that could play into the herd rebuild and the grain markets moving into summer. Find more at https://www.empoweragtrading.com.

Cattle futures have seen more volatility to end the week while it was quieter in the grain markets at midday Friday. Arlan Suderman from StoneX joined us to discuss in our Market Talk Midday Commentary for Friday, May 22nd, 2026.

The cattle complex was down sharply on Thursday as it appears multiple factors (the lockout at Cargill in Fort Morgan, CO, upcoming Cattle on Feed Report, etc) had a hand in limit lower feeder cattle and big losses in live cattle. The grains and oilseeds also saw more selling pressure as we near the weekend holiday. Bryan Doherty with Total Farm Marketing joins us to discuss the Thursday trade action and share market perspective. Find more online by visiting https://www.totalfarmmarketing.com. Those in the cattle industry have been aware for the past four weeks that the Cargill beef processing facility in Fort Morgan, Colorado, has been dark. However, news of a labor lockout grabbed the attention of trading algorithms this week, adding pressure to cattle futures despite the situation being well known within the industry. On this week's Cattle Chatter, Brad Kooima of Kooima Kooima Varilek discusses the impact of the plant shutdown, the continued strength in the cash cattle market, and even the outside pressure created by President Trump's social media comments about addressing the nation's beef shortage. We also begin the show with Mike Castle from StoneX and hear from Susan and Sue Martin from Ag and Investments in Segment Four.

Grains have turned mixed at midday while the cattle complex is under heavy selling pressure. Mike Castle, Senior Commodities Economist at StoneX, joins us for a look at the midday market trade as we near the holiday weekend.

We saw the grain markets along with crude oil, live cattle and lean hogs under pressure on Wednesday as the markets searched for direction ahead of the holiday weekend. Gold did rally and that is one of many items that Mike Zuzolo with Global Commodity Analytics is watching for the broader market picture. We look at charts across gold, corn and cattle on today's show. Find more online at https://www.globalcommresearch.com. Also in Segment Two of today's show, we get agronomic update from BASF Technical Services Representative Mark Storr from Central Iowa who shares details on spring planting season and why fungicide timing is crucial during the early growing season.

Tuesday was a much quieter day in the markets as the grain trade was mixed to slightly lower on the session. After all of the US/China meeting volatility, will weather take center stage? Tyler Schau with AgMarket.net joins us to share perspective on how the markets seem to have ADHD when it comes to trading headlines and volatility. We also get perspective on the cattle complex, expanded limits coming soon and more. Find more online by visiting https://www.agmarket.net. As the farm economy continues in a down cycle, there is quietly a growing concern about leverage and over-leveraging your operation for capital needs. Trent Klarenbach with the Klarenbach Grain Report has been doing some analysis of farmland values in the US and Canada. He explores the math and what over-leverage might mean for someone when it comes to loans, margin calls in the markets and more. Learn more at https://www.grainreport.klarenbach.ca.

Grain markets are taking a bit of a breather on Tuesday as we see quieter action after the US/China summit news. We discuss the trade action, crop progress numbers and the outside market picture with Mike Castle, Senior Commodities Economist at StoneX, in our Market Talk Midday Commentary.

The grain markets shot higher to start the week as the White House released news on Sunday of reported agricultural purchase commitments made by China during last week's summit between Trump and Xi. Does this news give the grain markets enough juice to work back through key levels of resistance in the trade? How does the weather conversation play into things? John Heinberg with Total Farm Marketing joins us to discuss the grains and livestock markets on today's show. Find more online at https://www.totalfarmmarketing.com. As the grain markets reacted higher on Monday to reported news of China agricultural purchase commitments after the Trump/Xi summit, the livestock markets trade mixed to lower to start the week. Mike Minor and Luke Wells from Professional Ag Marketing join us to discuss the trade action in cattle, hogs and the grain markets. More at https://www.professionalagmarketing.com. We saw a large outbreak of severe weather over the weekend in parts of the Plains and Western Corn Belt with numerous reports of large hail, damaging winds, heavy rains and tornadoes across parts of Nebraska, South Dakota, Kansas, Iowa and Missouri with more on the way to start the week. Eric Snodgrass with Nutrien Ag Solutions joins us to discuss in our Weekly Weather Update for the week of May 18th, 2026. More at https://www.ag-wx.com.

Grain markets were surging through midday on the reported China agricultural purchase commitments announced on Sunday by the White House. We discuss that, the outside markets and the livestock trade with Arlan Suderman, Chief Commodities Economist at StoneX, in our Midday Commentary.

As we head into the weekend, we sit down to talk commodity and livestock markets with Chad Hart, Professor and Economist at Iowa State University. We discuss the markets chasing headlines, the weather impacts, the law of supply and demand, ethanol/E15 legislation, US/China talks and much more. Plus it was a busy week in the cattle markets with plenty of news and record cash trade. Joe Kooima with Kooima Kooima Varilek joins us for livestock and grain market analysis to close out the week. Find more at https://www.kkvtrading.com.

It appears we have more follow-through selling in the grain trade on Friday while cattle futures are pushing a bit higher. Arlan Suderman, Chief Commodities Economist at StoneX, joins us to discuss in our Friday Market Talk Midday Commentary.

Soybeans fell into some hard profit taking on Thursday as traders apparently caught wind of some small nuggets of information from the Trump/Xi meeting ongoing in China. That pulled corn and wheat lower while cattle futures closed lower as news came out regarding new higher limits starting on June 1st. Bryan Doherty with Total Farm Marketing joins us for analysis and perspective on today's show. More at https://www.totalfarmmarketing.com. The cattle market is entering uncharted territory, with cash trade surging $7 higher in the North and $3 to $5 higher in the South, with some northern sales reported as high as $265. On this week's Cattle Chatter, Brad Kooima with Kooima Kooima Varilek breaks down the latest price movement and discusses the newly announced expanded trading limits. Effective June 1, Live Cattle limits will move to $8.50, while Feeder Cattle limits increase to $10.75. Markets are also keeping a close eye on trade developments with China, including questions surrounding why nearly 400 packing licenses were approved and then later pulled back. At the same time, worsening drought conditions are prompting more cattle to move to market, though producers appear committed to holding onto their cow herds—signaling continued confidence in long-term fundamentals.

Soybeans are down hard, pulling wheat and corn lower as well, amid some of the chatter coming from the US/China meeting that is ongoing. Arlan Suderman, Chief Commodities Economist at StoneX, joins us to share some context on the market moves we are seeing through midday Thursday.

We saw a quieter grain trade on Wednesday while cattle surged and we got new energy and inflation data released as well. Mike Zuzolo with Global Commodity Analytics joins us to share technical analysis of things he is watching in the grain, livestock and outside markets at midweek. Find more online at https://www.globalcommresearch.com. And as farmers continue to work through spring planting 2026, the rising cost of fuel, fertilizer and inputs continues to further squeeze farm budgets. Dr. Michael Deliberto, Economist, Associate Professor and Louisiana Farm Bureau Endowed Professor in Agricultural Policy at LSU joins us to highlight recent work he has done looking at crop budgets for producers in Louisiana and how it can broadly reflect issues across the country.

Grain markets are mixed and quieter on Wednesday while we examine new Producer Price Index data and await any news from the Trump/Xi meeting in China. Arlan Suderman with StoneX joins us for analysis of the grain, livestock and outside markets at midweek. ***Always remember the risk of trading futures and options can be substantial.

Winter wheat futures soared on Tuesday after USDA seemingly indicated the well reported issues with this year's crop in the U.S. Plains. We saw 35-45 cent moves higher across the wheat complex while soybeans, bean oil, bean meal and corn also had a positive day. Matt Bennett with AgMarket.net joins us for analysis and reaction to the May WASDE report and some thoughts on the situation with beef imports and the Trump administration. Find more online at https://www.agmarket.net.

On Tuesday, USDA released the latest World Agricultural Supply and Demand Estimates for the month of May and it featured a few suprises and changes of note to the U.S. and World balance sheets. Arlan Suderman, Chief Commodities Economist at StoneX joins us for a recap and report day analysis.

The Trump administration is preparing to temporarily lower tariffs on imported beef in an effort to ease record-high beef prices for American consumers. That news on Monday sent cattle futures on a wild ride that ended well off of session lows, as some early week cash cattle trade surfaced on the day as well. John Heinberg with Total Farm Marketing joins us to discuss the livestock and grain trade to start the week, including a look ahead to the May WASDE Report, US/China meeting and more on tap this week. Find more online at https://www.totalfarmmarketing.com. Could we see a warmup in the weather pattern to help propel more spring planting this week? What about the early week frost concerns in the Upper Midwest? Eric Snodgrass with Nutrien Ag Solutions joins us to discuss on our Weekly Weather Update as we look at U.S. weather, updates for South America and Europe and more. Find more at https://www.ag-wx.com. In Segment One, we also get some market perspective from Tyler Schau with AgMarket.net and Arlan Suderman with StoneX at the top of the show.

We saw more profit taking in cattle futures on Friday while this week's cash trade was strong again. What's going on with the disconnect between the two markets and where do we go from here? Scott Varilek with Kooima Kooima Varilek joins us for analysis of the week in the livestock trade and more on today's show. Find more at https://www.kkvtrading.com. We are also seeing some positive money flow into commodities like grains, oilseeds and crude oil on Friday ahead of the weekend where any number of headlines could flow that might impact trade. Meantime, fertilizer prices continue to be a major talking point worth watching. Mike Castle, Senior Commodities Economist at StoneX, joined us for analysis and perspective at midday on Friday. More at https://www.stonex.com. And late Thursday afternoon Bryan Doherty, Senior Market Advisor at Total Farm Marketing, joined us to share perspective on the week in the market trade. War headlines, the upcoming US/China meeting, weather and more are all at play in these markets and we discuss that on this episode. Find more online at https://www.totalfarmmarketing.com.

On today's show, we hear from StoneX Senior Commodities Economist Mike Castle to kickoff the show followed by this week's new episode of Cattle Chatter with Susan Littlefield and Brad Kooima. Susan sticks with us in Segment Three as she shares a dairy market conversation with Shawn Hackett from Hackett Financial Advisors while Jesse closes the show with market analysis and recap from Thursday's trade.