Jesse Allen is spending time at the Agribusiness & Water Council of Arizona Annual Meeting and Water Conference today and he learns about water issues due to drought and more on today's show. In the audio version of the show, he talks policy and gets background from Tim Dunn, Arizona State Senator for District 25, in Segment Two. Then later in Segment Four, he learns about the Roosevelt Irrigation District with Donovan Neese, Superintendent and Taylor Howerter, Assistant Superintendent.

We also talk markets throughout the show as Tommy Grisafi of AgBull Media and Nesvick Trading Group joins Market Talk to unpack the Fed's 25 basis point rate hike, a quiet Friday in the grains ahead of next week's Trump-Xi meeting, and another volatile week in cattle. He also breaks down why elevated energy costs are squeezing farmers, ranchers and consumers alike, and what to watch for in next week's commitment of traders report.

Scott Varilek of Kooima Kooima Varilek in Sioux Center, Iowa joins Market Talk to break down a sloppy week in the cattle complex, a struggling hog market, and Friday pressure in grains and oilseeds. He also covers what the reopening of the Santa Teresa port means for Mexican cattle imports and herd rebuild, the growing role of beef-on-dairy genetics, and why energy prices are weighing on both harvest and the fall run of feeder cattle.

Susan Littlefield sits in for Jesse Allen this afternoon and has market conversations with Shawn Hackett from Hackett Finanical Advisors, a new episode of Cattle Chatter with Brad Kooima from Kooima Kooima Varilek and she talks with Bryan Doherty from Total Farm Marketing.

The Fed just raised rates for the first time in three years, a Saudi supply shock has Brent crude back near 2008 highs, and record rail fuel surcharges are hammering grain basis right as harvest gets underway. Mike Zuzolo of Global Commodity Analytics joins Jesse Allen to unpack all of it, plus what's next for cattle, wheat, and the upcoming Trump-Xi meeting.

We also get Fed reaction to open the show with Susan Littlefield and Arlan Suderman at StoneX in Segment One as they talked immediately following the rate announcement.

Also, Brevant Seeds retail sales agronomist Doug Becher joins Market Talk to talk through the 2026 growing season in southeastern Minnesota and how this year's field conditions, yield data, and disease pressure should shape seed decisions for 2027. Doug covers what farmers experienced this season, why taking notes during harvest matters as much as yield maps later on, the diseases showing up across Minnesota fields (southern rust, bacterial leaf streak, and Goss's wilt), and why locking in seed decisions early gives farmers the best shot at their top hybrid and variety picks for next year.

We talked the Fed, interest rates, energies and commodities in Wednesday's Midday Commentary with Arlan Suderman, Chief Commodities Economist at StoneX.

On Tuesday's Market Talk, we begin the show with news headlines and listen back to our Midday Commentary with Arlan Suderman at StoneX in Segment One. Then, we listen back to a conversation with Terry Johnston, Development Officer for Farm Rescue, during this year's Farm Progress Show in Segment Two.

Jacob Burks of AgMarket.Net joins Tuesday's Market Talk in the second half of the show to break down the market's reaction to Friday's WASDE, a surge in energy prices tied to Middle East supply threats, and early signs of life in the cattle market. Burks and Jesse Allen cover soybean crush data, the diesel price squeeze hitting producers mid-harvest, 2027 acreage math, wheat's geopolitical exposure, and why hogs still can't find a bottom.

Soybeans and soybean meal are finding support on Tuesday while it's mixed across other commodities. Arlan Suderman with StoneX joins us to discuss the trade action in our Market Talk Midday Commentary.

Grain markets take a breather to start the week while cattle break out technically and hogs stay stuck. John Heinberg of Total Farm Marketing joins Market Talk to unpack the post-WASDE reaction in corn and soybeans, why funds are still holding record-large grain positions, a simple options strategy for locking in value ahead of harvest, the technical turn building in cattle, and why the dairy market still can't find its footing.

Cattle futures start the week strong, hogs come under pressure, and the corn balance sheet gets a little tighter after Friday's WASDE. Mike Minor of Professional Ag Marketing joins Market Talk to break down the North-South cash cattle spread, why the rally may be running into resistance, what's dragging on hog prices, a new wrinkle in next year's corn acreage battle, and why this week's FOMC meeting matters as much as any crop report.

Heavy rain is finally hitting the Western and Central Corn Belt, but Eric Snodgrass of Nutrien Ag Solutions says it's arriving two months too late to help this year's crop. In this week's weather update, Eric breaks down the flooding rain moving through Nebraska, Iowa, Kansas, Missouri, Minnesota, Wisconsin and Illinois, the historic heat baking the South, a record-quiet Atlantic hurricane season, and what El Nino means for South American planting and the U.S. fall and winter outlook.

Soybeans are the upside leader on Monday while corn and wheat are quietly mixed, as crude oil prices move about $100 a barrel. Meantime, cattle futures are moving higher once again with feeders the leaders to start the week. Arlan Suderman, Chief Commodities Economist at StoneX, joins us to discuss in our Midday Commentary.

Grain markets were under pressure on Friday, both before and after the September WASDE Report from USDA. DuWayne Bosse of Bolt Marketing joins Market Talk to break down Friday's report, a lower corn yield, a surprise bump in soybean yield, and tightening ending stocks across corn, soybeans and wheat that Bosse says could mark "the beginning of a bull cycle" heading into 2027. Plus: record diesel prices, risk management heading into harvest, and why the feeder cattle market is holding up even with corn trading lower.

Joe Kooima of Kooima Kooima Varilek also joins Market Talk to unpack Friday's September WASDE report, a volatile pre-report session, a sharp fund-driven reversal in soybeans, and a cash cattle market that's finally showing signs of life. Kooima also weighs in on wheat, diesel-driven inflation, and why the hog market remains stuck in neutral.

We also hear from Heather Ramsey with The ARC Group in Segment One who shares analysis and perspective of Friday's WASDE report from USDA and where the trade goes from here into next week.

USDA slightly cut the U.S. corn yield projection on the September WASDE report while there were minimal changes elsewhere. Arlan Suderman, Chief Commodities Economist at StoneX, joins us for a recap and analysis of the September report out on Friday.