Markets are moving higher—but the foundation underneath them isn't telling the same story. In this episode, Jon Prischmann and Ryan Tungseth break down a growing disconnect across the grain markets, where soybeans are climbing on fragile footing while corn is quietly strengthening in ways that matter. They explain why this rally has echoes of 2008, how inflation-driven buying can create opportunity—and risk—and why spreads and carry are flashing warning signs in beans. The conversation shifts to strategy, including how to think about protecting downside with options, why patience still matters in corn, and what early signals in the cash market could mean for the months ahead. If you're trying to separate real demand from headline-driven moves, this episode lays out what to watch next.

This week's episode brings a different perspective to Hedge Heads with special guest Ashley—better known as @TheeGrainLady on X. Her path into agriculture didn't follow the typical route, but it led her to one core belief: marketing should work for the farmer, not the system.

Ashley breaks down the critical difference between selling grain and actually managing risk, and why too many producers rely on a single outlet instead of a full strategy. The conversation digs into how basis, logistics, and geography can completely change outcomes—especially in places like North and South Dakota, where marketing is far less forgiving.

They also tackle the importance of discipline, understanding your true breakeven, and why combining cash, futures, and structured strategies matters more than ever. As planting season approaches, the group looks ahead to acreage uncertainty, rising input costs, and a market that could shift quickly depending on weather and demand.

This isn't just a conversation about markets—it's about how to think differently about risk, strategy, and making better decisions when the stakes are highest.

After a short break, the Hedge Heads crew is back—and the market hasn't gotten any easier to read.

Money has poured into commodities on a renewed food inflation narrative, but the structure underneath isn't confirming the move. Oil has taken center stage, pulling attention across every market, yet grains are starting to disconnect in ways that raise more questions than answers.

Jon Prischmann and Ryan Tungseth break down why soybeans may be the most vulnerable market right now, what warning signs are showing up in cattle despite strong prices, and why corn could quietly be setting up for a much bigger move later this year—even if the short-term outlook remains murky.

They also dig into the impact of fund positioning, why spreads are flashing caution signs, and how outside forces—from energy markets to global politics—are distorting normal price behavior.

This is a market full of opportunity—but timing, more than ever, is everything.

This isn't a market you can afford to be rigid in. With volatility shifting and key reports ahead, Jon and Ryan focus on one core idea: keeping your upside open while still protecting profitable prices. They break down how to approach marketing decisions in corn, soybeans, and wheat over the next two months, and why simple "sell or hold" thinking won't cut it. The conversation also dives into volatility strategies, what the March planting report could trigger, and how outside markets like oil are quietly driving risk across commodities. On the livestock side, they discuss why cattle may finally be flashing warning signs after a strong run. In a market this unpredictable, the edge goes to those with a plan—not a prediction.

This week's episode moves as fast as the markets themselves—and that's the point.

After weeks of quiet trade, volatility is back in a big way. Soybeans dropped sharply in a single session, exposing just how much of the recent rally was driven by fund money rather than real demand. At the same time, oil has taken center stage, pulling attention toward soybean oil, energy markets, and the ripple effects across grains and livestock.

Jon and Ryan break down what's actually happening beneath the surface—why spreads were warning about soybeans long before the drop, how fast-moving headlines are distorting price action, and why trying to "outguess" this market is a losing game.

They also dig into the opportunities that come with this kind of volatility, from short-term options to strategic hedging decisions, and explain why having orders in ahead of time matters more than ever when markets can change in minutes. On the livestock side, they discuss why cattle are starting to show cracks and what rising energy costs could mean going forward.

This isn't a market where you predict—it's one where you react. And if you're not prepared, it can move without you.

Commodity markets turned chaotic this week after crude oil surged nearly $30 overnight before reversing just as quickly. That kind of volatility created a narrow window where grain marketing orders were triggered fast—and plenty of others were missed. Jon Prischmann and Ryan Tungseth break down why having orders in place ahead of time matters in markets like this, and why producers without a plan were left scrambling.

They also discuss why corn struggled to participate in the rally, why funds continue piling into soybeans despite bearish supply numbers, and how option timing—March versus September—can make or break a strategy. With cattle markets also showing signs of vulnerability at high prices, the bigger question now becomes what to do after the rally and how to navigate the volatility that may only be getting started.

Oil spikes. Volatility jumps. Soybeans rally on headlines that, fundamentally, don't make much sense. Welcome to one of those markets.

In this episode of Hedge Heads, Jon and Ryan break down how escalating Middle East tensions are rippling through crude oil, grains, cattle, currencies, and even outside markets like gold and silver. Oil is the key gauge right now—but soybeans have taken the spotlight, with funds aggressively defending positions despite heavy global supplies and record South American production.

Is this rally real, or just momentum looking for a story?

The guys walk through why soybean basis and spreads are flashing caution signs, why corn may be the more complicated decision this spring, and how wheat continues to offer opportunities on strength. They also dig into cattle, where warning signs are building beneath strong cash prices, and discuss why risk management conversations need to happen—even when protection isn't cheap.

Plus, with the March 31 acreage report ahead, they explore whether volatility strategies like straddles and strangles could make sense in a market that feels primed for movement.

It's a fast-moving environment. The key isn't predicting every headline—it's positioning smartly when opportunity shows up.

Soybeans have ripped higher on fund buying and China chatter, but the cash market and spreads are telling a different story. Jon Prischmann and Ryan Tungseth break down why this bean rally looks more like momentum than real demand, how to think through old and new crop hedge strategies, and why having "one hoop" in your marketing plan beats hoping for three miracles.

They also dig into hogs, where summer premiums are getting stretched and spreads are flashing potential opportunity for those willing to look deeper.

Then there's cattle. After a long, powerful bull run supported by tight supply, the tone is starting to change. Even with strong cash and supportive reports, futures aren't responding the way they used to. Jon explains why margins inside the beef chain matter more than ever and why this could be the moment to take protection seriously.

If you've got beans in the bin, corn decisions hanging over your head, or cattle that need coverage, this is one of those episodes where the clock might be ticking.

Call Jon at 218-731-1578 to talk through strategy that fits your operation.

In this special Insider preview episode, we open the door to how we really read markets—through spreads, not headlines.

Crude oil gave a warning sign on the way down, staying inverted even as prices slid. That unusual structure hinted the selloff wasn't as bearish as it looked—and now oil has rallied. The big question: are grains flashing the opposite signal?

We dig into widening corn and soybean carries, what they suggest about old crop pressure, and why old crop may be more vulnerable than new crop right now. With USDA acreage estimates tightening the balance sheet for 2026, there's less room for error—but the market isn't trading fear yet.

Is this the time to lock in new crop? Should you defend upside with calls? Or is patience still the best strategy in a bear market that feels heavy but fragile?

This episode is all about planning. Old crop decisions. New crop strategy. Spread opportunities like Dec '26 vs. Dec '27. And how quickly rallies can appear—and disappear—when funds get involved.

If you're making spring marketing decisions, this is the framework you need before the next move happens fast.

It's mid-February, and instead of the usual spring buzz, grain markets feel flat. Prices aren't terrible, but they're not good either. And that's exactly the problem.

In this episode of Hedge Heads, Jon Prischmann and Ryan Tungseth dig into what might be one of the toughest decision windows producers have faced in years. Soybeans have rallied, but widening carries and weak export numbers raise questions about how real it is. Corn is hovering in a range that feels vulnerable, with new crop decisions getting made at levels that may or may not hold.

They break down practical strategies for both old crop and new crop, including why expensive puts are hard to justify, how some producers are approaching small percentage sales, and why doing nothing is becoming an increasingly common choice. The conversation also turns to cattle, where record prices and broken margins are creating opportunity, risk, and even talk of farm diversification.

If you feel like you're at a crossroads with no clear map, this episode is for you. It's not about perfect answers. It's about managing risk in a year where the usual playbook doesn't quite apply.