The grain markets have already done something unusual this year: they removed much of the weather premium before summer even arrived. Now all eyes turn to the June 30 acreage report, a release that could dramatically reshape the outlook for both corn and soybeans.

Jon Prischmann and Ryan Tungseth break down why this report carries so much weight, what acreage shifts could mean for carryout projections, and why corn may be much closer to a bullish balance sheet than many producers realize. They also discuss whether the recent selloff has already priced in the seasonal weakness that typically arrives this time of year, and what producers should be thinking about with old-crop grain as July approaches.

The conversation also covers soybean resilience, why funds continue to hold onto long positions despite mixed signals, opportunities surrounding report volatility, and the growing disconnect between feeder cattle and live cattle markets. If you're trying to navigate one of the most important reports of the year, this episode lays out the key risks, opportunities, and decisions ahead.

Storage fees. Interest costs. Roll charges. Convenience comes at a price—and many producers are paying far more than they realize.

This week, Jon and Ryan take a hard look at the hidden expenses built into common grain marketing decisions and explain why so many farmers are asking the same question: "Is there a better way?" From storage economics to alternative hedging strategies, they explore how small costs can quietly compound into major reductions in profitability.

If you've ever wondered where the money goes between harvest and final sale, this episode is for you.

The grain markets may have just delivered their summer message weeks ahead of schedule. Corn broke lower despite strong demand, supportive energy prices, and ongoing geopolitical uncertainty, leaving many producers wondering if the seasonal opportunity has already passed. Jon Prischmann and Ryan Tungseth discuss what could have been done during the rally, why timing has become one of the biggest challenges in grain marketing, and whether recent price action is following a familiar pattern or signaling something different.

They also examine why soybeans may still have downside risk if favorable weather continues, how improving rainfall across much of the Corn Belt is changing market expectations, and why basis management, storage, and hedge flexibility are becoming increasingly important as margins tighten. The conversation also touches on cattle markets, the challenges of hedging with a board that doesn't reflect cash values, and why they're already beginning to think about 2027 corn strategies.

In a year where weather, geopolitics, and fund money are all pulling markets in different directions, the focus remains the same: stay flexible, manage risk, and prepare for what comes next.

Just when it looked like higher oil prices and geopolitical uncertainty might support grain markets, the opposite happened.

Funds have started liquidating grain positions while oil continues to climb, creating one of the most confusing market environments producers have faced in years. Jon Prischmann and Ryan Tungseth break down why corn, soybeans, and wheat are struggling despite bullish outside-market influences, what fund liquidation means for grain prices, and why weather remains the biggest unanswered question heading into summer.

They also discuss the difficult decisions producers are facing right now: whether to make additional sales, hold unpriced bushels, or look for ways to protect downside risk without giving up potential weather-driven rallies. Plus, they examine why rising input costs continue to squeeze profitability, what higher oil prices could mean for agriculture, and why cattle markets may be showing early signs of a changing trend.

If you've been looking at the markets lately and thinking none of it makes sense, you're not alone. This episode tackles one of the toughest grain marketing environments in recent memory and explores what producers should be watching next.

For the last two seasons, the corn market followed a familiar script: strong planting pace, ideal weather, and a steady grind lower into summer. Jon Prischmann and Ryan Tungseth explain why 2026 may be setting up very differently—and why treating this year like the last two could be a costly mistake.

They break down the key differences already showing up across the western Corn Belt, including expanding dryness, elevated oil prices, and a market that feels far more sensitive to outside forces than it did during the record-yield years. The conversation digs into why a 179 yield would still be historically excellent, why the trade may be underestimating weather risk, and how Middle East tensions and inflation pressures could reshape commodity markets fast.

The guys also discuss the growing confusion across grains, why corn still feels like it has untapped upside potential, what's changing in cattle, and why wheat may be more important than most traders realize right now.

This is one of those years where flexibility may matter more than conviction.

This week's Hedge Heads episode dives into one of the most difficult grain marketing environments producers have faced in years. Jon Prischmann and Ryan Tungseth break down why today's market feels eerily similar to 2008, with rising oil prices, climbing interest rates, inflation fears, and geopolitical tension all colliding at once.

The problem? Fundamentals still don't fully support the rally.

Soybean and corn spreads continue to signal weak demand underneath the surface, even as headlines about China buying and Middle East tensions keep money flowing into commodities. That leaves producers stuck in a dangerous spot: markets could surge sharply higher if oil keeps climbing and weather turns threatening—or reverse violently just as fast if tensions cool and rains continue.

Jon explains why keeping upside open has been the right strategy so far, why incremental sales may finally start making sense, and why watching crude oil may matter more than watching the USDA right now. They also discuss planting pace, drought concerns creeping around major growing regions, why volatility has become nearly impossible to hedge cleanly, and how quickly sentiment can shift in today's headline-driven trade.

If you're trying to make grain marketing decisions in a market where nobody agrees on direction, this episode is essential listening.

Oil is surging, wheat has finally woken up, and the grain markets are turning increasingly volatile. Jon Prischmann and Ryan Tungseth break down why keeping the upside open has remained the right strategy, even as emotions rise alongside the markets. They discuss the inflation-driven rally across commodities, why wheat spreads are flashing warning signs, and how corn continues to show resilience despite heavy acreage expectations. The episode also dives into growing dryness concerns in the Northern Plains, record planting pace across the Midwest, and why the upcoming China summit and June USDA report could become major turning points for grain prices. On the livestock side, they explain why rising fuel costs and weaker beef demand could start pressuring cattle markets. The key message throughout the episode: stay disciplined, market incrementally on the way up, and be prepared for sharp reversals if oil or outside markets suddenly change direction.

This is one of the most important—and most misunderstood—windows in grain marketing.

Jon Prischmann and Ryan Tungseth break down why the next five to six weeks can define your entire marketing year, and why locking in too much too early during this stretch can quietly limit your profitability. With markets swinging wildly on energy moves, uncertain global negotiations, and a weather pattern that's anything but clear, the temptation to "just take a price" is as strong as ever.

But this is exactly when discipline matters most.

The conversation centers around a simple idea: protect your downside without sacrificing your upside. Jon explains how using options can buy time during a volatile weather window, why many producers hesitate to pay for that flexibility, and how that hesitation often leads to more defensive—and less profitable—marketing over time.

They also dig into the broader market picture, including erratic oil-driven volatility, a potentially drier-than-expected western weather pattern, and the ongoing tug-of-war in cattle markets where strong prices are starting to meet resistance from demand.

The bottom line: this isn't the time to guess where the market is going—it's the time to structure a plan that keeps you open to opportunity while managing risk.

This is it—the stretch of the year where grain marketing decisions matter most. From now through mid-June, markets tend to find their highs, but this year isn't coming with an easy story. Planting progress is running ahead of normal, conditions look about as ideal as they can be, and yet money continues to pour into commodities, keeping prices elevated without strong fundamental backing.

Jon Prischmann and Ryan Tungseth break down the tension between a market that wants to go higher and one that may not have the news to justify it. They discuss why heavy fund length makes grains vulnerable, how inflation-driven money flow is distorting price signals, and why soybeans look particularly unstable despite holding firm. The conversation also dives into strategy—why protecting the downside without capping upside is becoming more relevant, where premium opportunities may show up, and why having a plan in place right now separates strong marketers from everyone else.

With the June acreage report looming and weather narratives about to take over, this episode focuses on one thing: making sure you don't miss the window that defines your year.

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.