Podcasts about stonex

Eddie Connor with StoneX drops by to discuss the June WASDE report. Despite recent price performance, Eddie highlights positive undercurrents in our markets. Tune in!

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.

08 Jun 2026. Riyadh Air will officially start widescale commercial operations to London on Wednesday 10 June, after taking delivery of its first three Boeing 787-9 aircraft. That's according to Tony Douglas, CEO of Riyadh Air, speaking on The Business Breakfast. World Cup fever is here, and so are the scams. 4,300 fake ticket sites are already targeting fans. Nick Palmer of Group-IB tells us how to stay safe. And SpaceX's $1.77 trillion IPO is days away. The biggest in history. But history says the biggest IPOs often come right at market tops. Razan Hilal from Forex.com by StoneX on what to watch for.See omnystudio.com/listener for privacy information.

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.

Arlan Suderman, the chief commodities economist for StoneX, said the markets have been anticipating this would happen at some point. NAFB News ServiceSee omnystudio.com/listener for privacy information.

We are bringing you an AgCast Extra, today, to let you know about a confirmation by USDA, that the New World Screwworm has been detected in Texas just north of the Mexico boarder. We will first have a conversation with our Beef Division Director, Chris Prevatt. Next will will hear from USDA Ag Secretary, Brooke Rollins and finally, we'll hear about the potential economic impact from Arlan Suderman, chief commodities economist for StoneX.Find out more about our sponsor, Alabama Ag Credit, and also about Alabama Farmers Federation. 

Want your views heard on the show? Tap here to send us a message!Jez, Matt and Duncan discuss the return of the Women with a fine win at Loughborough, and a hot day at Stonex which either was or was not critical depending on who you listen to as the men beat Quins to set up a showdown in Exeter.Follow the Fezcast on Twitter, Instagram, Facebook and YouTube to hear all our latest news first!Click here for subscription links[Disclaimer: The Fezcast is brought to you on behalf of the Saracens Supporters Association and is not an official product of Saracens Ltd]Title Music (from Season 4): "Herald" by This Winter Machine

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.

Arlan Suderman, Chief Commodities Economist at StoneX, joins the program to discuss a drop in December corn and other market movement.Dr. Ernie Goss, Creighton University, discusses the results of the recent monthly survey, the Rural Main Street Index, and explains what they mean.

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.

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.

Copper steps out of the shadow of gold and silver in this wide‑ranging conversation with StoneX's Natalie Scott Gray and SummerHaven's Kurt Nelson. Jeff digs into why “Dr. Copper” sits at the heart of electrification, AI data centers, EVs, and defense, and how underinvestment in mines, fragile supply chains from Chile to the DRC, and China's smelting dominance are setting the stage for structural shortages. Natalie breaks down the real fundamentals: tariffs, sulfuric acid bottlenecks, strategic stockpiling, and the difference between visible and hidden inventories, while Kurt connects it all to macro, inflation, and why investors may be underestimating copper versus the miners. Along the way, they hit on rare earths, environmental trade‑offs, and what rising retail interest in copper bars might signal about the next phase of the metals trade. SEND IT!Chapters:00:00-01:16=Intro01:17–04:58 = Natalie & Kurt: From Chemistry Labs to Copper Markets04:59–14:09 = What Makes “Dr. Copper” Special? Conductivity, AI, EVs & the Grid14:10–26:41 = Inside the Copper Supply Machine: Mines, Smelters & China's Grip26:42–39:34 = Tariffs, Trade Wars & Regional Shortages: How Policy Moves Copper39:35–56:19 = Structural Deficits, Sulfur Shocks & the Coming Copper Crunch56:20–1:03:09 = Investing in Copper: Futures vs. Miners, Inflation & Retail FOMO1:03:10–1:08:43 = Copper Bars, Lab-Grown Diamonds & Restaurant RecsBlog Post: The Hardest Trade Is Holding the Thing That Doesn't Hug You BackPodcast episode: Unlocking the Commodity Risk Premium with Kurt Nelson of SummerHavenFollow along on LinkedIn with Kurt Nelson & Natalie Scott-Gray and be sure to check out summerhavenindex.com and stonex.com for more information!Don't forget to subscribe to⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠The Derivative⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠, follow us on Twitter at⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠@rcmAlts⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠sign-up for our blog digest⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.Disclaimer: This podcast is provided for informational purposes only and should not be relied upon as legal, business, or tax advice. All opinions expressed by podcast participants are solely their own opinions and do not necessarily reflect the opinions of RCM Alternatives, their affiliates, or companies featured. Due to industry regulations, participants on this podcast are instructed not to make specific trade recommendations, nor reference past or potential profits. And listeners are reminded that managed futures, commodity trading, and other alternative investments are complex and carry a risk of substantial losses. As such, they are not suitable for all investors. For more information, visit⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠www.rcmalternatives.com/disclaimer⁠⁠⁠⁠

The May 28, 2026 edition of Commodity Week centers on the volatility and risk management challenges currently facing the agricultural sector. Analysts Naomi Blohm and Arlan Suderman emphasize that geopolitical tensions, specifically the conflict involving Iran and the potential reopening of the Strait of Hormuz, are creating significant headline risk that could drastically impact crude oil and fertilizer prices for the 2027 crop year. Domestically and globally, unpredictable weather patterns—including hot and dry forecasts in the United States and potential production struggles in Brazil and India—are adding uncertainty to crop yields and input costs. With December corn and November soybeans testing key technical support and resistance levels, the panelists urge farmers to establish written marketing plans to mitigate emotional decision-making. Furthermore, shifting global trade dynamics, such as Brazil overtaking Argentina in soybean meal exports and ongoing USMCA negotiations with Canada and Mexico, underscore the critical need for producers to execute objective sales strategies during seasonal price highs.Panelists - Naomi Blohm, TotalFarmMarketing.com - Arlan Suderman, StoneX.com ★ Support this podcast ★

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.

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.

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.

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.

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.

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.

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.

While much of the world has been focused on the war in Iran's impact on the energy sector, another arguably more impactful market has been largely overlooked: fertilizer. The global fertilizer market is in a precarious spot. Roughly a third of the world's seaborne fertilizer trade goes through the Strait of Hormuz. Even before the war in Iran began, China, the world's top phosphate producer, halted exports of the crucial compound. As a result, the longer the strait remains closed, the more the threat to our global food supply escalates. In this episode, Shayle speaks with Josh Linville, vice president of Fertilizer at StoneX, to make sense of the global fertilizer market and its cascading impacts. Shayle and Josh cover topics including: The current state of global fertilizer markets The tenuous relationship between natural gas prices and the cost of producing nitrogen-based fertilizers in Europe How stalled shipments of fertilizer could impact supply and demand for next year's planting season The impact of Chinese phosphate export restrictions on the global market How a prolonged closure of the Strait could impact food supplies around the world Resources Josh Linville's X account Open Circuit: Iran, energy shocks, and the case for distributed power Latitude Media: DOE's second ‘Energy Dominance' loan was reworked to embrace coal Latitude Media: This isn't demand destruction. It's rationing. Credits: Hosted by Shayle Kann. Produced and edited by Max Savage Levenson. Original music and engineering by Sean Marquand. Stephen Lacey is our executive editor. Catalyst is brought to you by FischTank PR, an award-winning climate and energy tech, renewables, and sustainability-focused PR firm dedicated to elevating the work of both early-stage and established companies. Learn more about their PR approach and how they can support your company's messaging by visiting fischtankpr.com. Catalyst is brought to you by EnergyHub. EnergyHub helps utilities build next-generation virtual power plants that unlock reliable flexibility at every level of the grid. See how EnergyHub helps unlock the power of flexibility at scale, and deliver more value through cross-DER dispatch with their leading Edge DERMS platform, by visiting energyhub.com.Tune into Critical Capital, a brand new podcast from Crux and Latitude Studios. Hosted by Crux CEO Alfred Johnson, Critical Capital explores the interlocking forces powering clean and critical infrastructure. Join us every other Tuesday for in-depth conversations at the intersection of energy, government, finance, and global markets. Listen here, or wherever you get podcasts.

Mike Castle of StoneX joins us to discuss China followed by Justin Gilpin of Kansas Wheat,then Joe Kooima of Kooima Kooima Varilek with cattle market report.See omnystudio.com/listener for privacy information.

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.

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.

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.

In this week's Ag View Pitch Weekly Market Outlook for May 11–15, Chris Barron is joined by Paul Neiffer and Ryan Moe of StoneX to break down the biggest factors moving corn and soybean markets.The conversation covers old crop and new crop grain sales, the sharp difference between Eastern and Western Corn Belt corn movement, why Western Corn Belt basis could come under pressure later this summer, and how strong soybean crush margins are keeping buyers aggressive. They also discuss wheat and crude oil influence, fund positioning, China trade uncertainty, 2027 corn pricing opportunities, planting progress, wet field conditions, and what producers should be watching heading into mid-May.The episode wraps up with practical advice for farmers: stay alert on basis opportunities, avoid chasing short-lived rallies, focus on strong business decisions, and remember that today's competitors are often global, not just local.

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.

We see pressure across commodities, energies and cattle on Thursday as optimism grows about a deal to end the war with Iran. That is helping fuel positivity in the stock market as well as we near the end of the week. Mike Castle, Senior Commodities Economist at StoneX, joins us to discuss in the Market Talk Midday Commentary. ***Always remember the risk of trading futures and options can be substantial.

Jerry Gulke of The Gulke Group joins us plus Alex Hodes of StoneX on diesel and livestock with Rob Andringa of Professional Ag Markering. Nick Tsiolis of Farmer's Keeper shares mid-week cash grain and basis update.See omnystudio.com/listener for privacy information.

On today's Market Talk, Susan Littlefield sits in for Jesse Allen as she has market analysis with Mike Zuzolo from Global Commodity Analytics and Mike Castle from StoneX. She also shares a conversation with former Senator Heidi Heitkamp, who is now Director of Agriculture at alliant.

As uncertainty continues in fertilizer markets, many farmers are left wondering how to respond.

It appears to be a turnaround Tuesday to the downside in the grain complex as we see moderate pressure across soybeans, corn and wheat. Mike Castle, Senior Commodities Economist at StoneX, joins us to discuss the grain trade and new economic data released on Tuesday morning.

A strong day higher for soybeans on Monday with corn and wheat following behind while cattle are under pressure. Arlan Suderman, Chief Commodities Economist at StoneX joins us to discuss.

Guests include Jim McCormick from AgMarket.net, Eric Snodgrass from Nutrien with our Weekly Weather Update, Arlan Suderman at StoneX and Edward Hubbard from the Renewable Fuels Asssociation.

December corn hit $5.01 and three quarters on Friday, before falling back to close below the elusive $5 mark. Overall, it was another decent money flow day to end the week in grains but what is holding this corn market back? Ted Seifried with Zaner Ag Hedge joins us to talk funds, demand, E15, money flow across commodities, livestock trade and much more. Find more online at https://www.zaner.com. Cash cattle trade was red hot this week, anywhere from $10-15 higher in some cases. It was odd though that business was wrapped up by Wednesday......is there something going on we need to watch? Also in lean hogs, reports of pseudorabies in Iowa and Texas may have impacted the end of the week trade action. Joe Kooima with Kooima Kooima Varilek joins us for livestock and grain market analysis to close out the week. Find more online at https://www.kkvtrading.com. We also get the show started and here a bit of Susan Littlefield's Friday afternoon market conversation with Mark Gold From Top Third Ag, a division of StoneX, in Segment One. Hear the rest of their conversation at https://www.markettalkag.com or via the Farm and Ranch Media mobile app.

Guests today include Mike Zuzolo from Global Commodity Analytics, John Bode with the Corn Refiners Association and analysis from Arlan Suderman at StoneX.

Wheat is under more pressure on Thursday after a poor close to the trade yesterday while corn and soybeans have tested key resistance but can't seem to break through it. Livestock trade is a mixed bag as well on the day. Arlan Suderman, Chief Commodities Economist at StoneX, joins us for analysis in our Market Talk Midday Commentary for Thursday, April 30th, 2026.

In this episode of Fill the Gap, Tyler Wood, CMT and Dave Lundgren, CMT, CFA interview Razan Hilal, CMT, a Dubai-based global macro market analyst at StoneX. Razan explains how she came to technical analysis through mentors and dealing-room experience, emphasizing the importance of risk management, discipline, and adhering to a structured framework when finding and capitalizing on trade opportunities.The conversation then connects FX, commodities, and equities through an intermarket lens, focusing on how conflict-driven energy shocks and inflation expectations feed into central bank policy and market behavior. Enjoy this incredible glimpse into global markets with our guest, Razan Hilal, CMT.Fill the Gap, hosted by David Lundgren, CMT, CFA and Tyler Wood, CMT brings veteran market analysts and money managers onto a monthly podcast. For complete show notes of every episode, visit: https://cmtassociation.org/development/podcasts/ Give us a shout:@dlundgren3333 or https://www.linkedin.com/in/david-lundgren-cmt-cfa-63b73b/@_TBone_Pickens or https://www.linkedin.com/in/tyler-wood-cmt-b8b0902/@CMTAssociation orhttps://www.linkedin.com/company/cmtassociationCMT Association is the global credentialing authority committed to advancing the discipline of technical analysis in the financial services industry. We serve members in over 137 countries. Our mission is to elevate investors mastery and skill in mitigating market risk and maximizing return in capital markets through a rigorous credentialing process, professional ethics, and continuous education. CMT Association formed in the late 1960s with headquarters in lower Manhattan, NY and Mumbai, India.Learn more at: www.cmtassociation.org

KC wheat is leading the complex higher today as weather concerns return to the market trade while corn and soybeans are quiet. Mike Castle, Senior Commodities Economist at StoneX, joins us for analysis and perspective in our Market Talk Midday Commentary for Thursday, April 23rd, 2026.

Josh Linville,VP of Fertilizer at StoneX, chats with Jacob about the global fertilizer crisis triggered by disruption to the Strait of Hormuz. They cover why the Middle East dominates fertilizer supply, why the US can't easily fill the gap, which crops and regions are most at risk, and what farmers should do right now to protect themselves.--Timestamps:(00:00) - Welcome (01:15) - War Context and Stakes(02:22) - Fertilizer 101 Big Three(03:36) - Why Hormuz Matters(04:55) - Middle East Gas Advantage(06:12) - Why US Lags Production(07:56) - Capacity Crunch Explained(10:47) - China and State Strategy(13:11) - Build Plants or Reserve(16:25) - Investment Reality Check(19:00) - Food Security Imperative(21:18) - Seasonality and Timing(23:36) - Global Impacts and Grain(25:33) - Fertilizer Booking Gaps(26:44) - Survey Skepticism(28:59) - Global Risk Hotspots(30:43) - Yield and Protein Impacts(32:35) - Fertilizer Supercycles(36:05) - New Normal or Oversupply(39:47) - Pinch Points Russia(41:38) - Beyond the Big Three(43:19) - Organic Alternatives Limits(46:33) - Carbon Premium Reality(48:32) - Key Takeaways Farmers(50:42) - Wrap Up and Credits--Referenced in the Show:--Jacob Shapiro Site: jacobshapiro.comJacob Shapiro LinkedIn: linkedin.com/in/jacob-l-s-a9337416Jacob Twitter: x.com/JacobShapJacob Shapiro Substack: jashap.substack.com/subscribe --The Jacob Shapiro Show is produced and edited by Audiographies LLC. More information at audiographies.com--Jacob Shapiro is a speaker, consultant, author, and researcher covering global politics and affairs, economics, markets, technology, history, and culture. He speaks to audiences of all sizes around the world, helps global multinationals make strategic decisions about political risks and opportunities, and works directly with investors to grow and protect their assets in today's volatile global environment. His insights help audiences across industries like finance, agriculture, and energy make sense of the world.--

The EPA is releasing its long-awaited Renewable Volume Obligations (RVOs), and this week we discuss what those standards could mean for agriculture. We also break down what the ongoing U.S.-Iran conflict could mean for fertilizer prices and availability for farmers. Other agriculture news this week includes Illinois officially moving to a B20 biodiesel blend requirement to qualify for the tax credit, new findings from Bushel on farmers' digital tool usage, and the United States Department of Agriculture announcing plans to move the United States Forest Service headquarters from Washington to Utah. We also discuss what officials are saying about reopening the U.S.-Mexico border for cattle trade, along with some Easter-related news involving chocolate and eggs. This week's interview is with Josh Linville of StoneX, who explains how the conflict involving Iran is impacting fertilizer supply and costs. He notes that roughly one-third of global fertilizer trade, along with significant volumes of oil, natural gas and crop nutrients, move through the Strait of Hormuz. Linville says the conflict could create long-term ripple effects across supply chains, raising energy and fertilizer costs for months and potentially into 2027. While some farmers and agribusinesses may already have portions of their fuel and fertilizer needs locked in, many will still feel the impact of higher prices during an already tight-margin year. Stay connected with us for more agriculture content on Instagram, TikTok, Facebook, and YouTube, along with our weekly videos!

Grains finished lower, led by the wheat pits. Livestock futures finished higher on Wednesday. Arlan Suderman with StoneX recaps the trade.

Follow Josh on X: https://x.com/JLinvilleFertStoneX website: https://www.stonex.comYouTube Videos: https://www.youtube.com/playlist?list=PLseYUvaoguNifbmL84zX3plTPt4HGt-MFJosh Linville is the vice president of fertilizer at StoneX Group Inc. Growing up in northwestern Missouri on a family farm growing tobacco crops and cattle, Josh brings a unique perspective to the fertilizer markets. With over 20 years of experience in this industry, Josh has operated in roles that have given him market perspective as a North American Logistics Specialist, US-based Nitrogen Producer, and General Manager of Commerce in Melbourne, Australia. Josh and his team, which spans the globe, have worked hard to educate the market on how to use the fertilizer futures markets to not only offset price risk, but also to be able to sell produce to farmers much sooner. for fertilizer producers to start their physical sales programs.