Market Talk

Grains are finding some support at midday on Thursday while the livestock trade is a mixed bag. We discuss all of that and the outside markets with the PPI data out this morning. Arlan Suderman, Chief Commodities Economist at StoneX, joins us for our Midday Commentary.

Wednesday was a busy day for the markets with the release of the June WASDE Report from USDA (which only showed minor changes), the Federal Reserve wrapping their June meeting (with no interest rate cut or increase) and the CPI data out that was better than analyst expectations. You throw all that with the current market fundamentals and that gives us a lot to talk about today with Mike Zuzolo from Global Commodity Analytics. Learn more at https://www.globalcommresearch.com.

USDA shared a few changes on Wednesday's WASDE report for the month of June, mainly on the world side of the balance sheet. We take a look at the mostly quiet report and get perspective from Arlan Suderman, Chief Commodities Economist at StoneX.

After nine consecutive sessions lower, wheat markets rallied on Tuesday finding solid support while row crops and livestock were quiet to lower on the day. Matt Bennett with AgMarket.net joins us today to provide his perspective on the markets and we look ahead to the June WASDE report out from USDA on Wednesday. Learn more at https://www.agmarket.net.

On today's show we also hear our Midday Commentary from Tuesday with Arlan Suderman of StoneX and look at news headlines, led by the Senate GOP releasing their Farm Bill framework on Tuesday.

Wheat is posting a solid rally so far on Tuesday while it's mixed elsewhere in row crops and livestock. Arlan Suderman, Chief Commodities Economist at StoneX, joins us to discuss the wheat rally, the two-day Federal Reserve meeting starting and more in our Midday Commentary today.

We saw row crops quiet on Monday with some strength in corn and soybeans while the wheat trade was down sharply for the ninth consecutive session. Meantime, the cattle market got off to a great start for the week. We discuss Monday's market action and get perspective from John Heinberg with Total Farm Marketing. More online by visiting their website at https://www.totalfarmmarketing.com.

The forecast is calling for heat to move into parts of the Corn Belt this week and weekend. The big question, how long does it last? We get the latest details on the weather for the week ahead in the U.S. and talk about the latest in other key growing areas like South America and the Black Sea. Eric Snodgrass with Nutrien joins us to discuss. More at https://www.ag-wx.com.

***Disclaimer: Today's conversation recorded ahead of the closing bell and is intended to be a broad overview of Monday market action.***

Row crops are mixed, wheat under more pressure and cattle are trading substantially higher. We discuss the early week market action, the impact of European Union elections on the markets, this week's Federal Reserve meeting and more with Arlan Suderman, Chief Commodities Economist at StoneX.

We saw the grain trade struggle to close out the week on Friday with headline news of Turkey banning wheat imports until October 15th taking a bite out of the European and U.S. wheat markets. Soybeans and corn also found pressure as a sharply higher U.S. dollar acted as a significant headwind to end the week. Livestock fared a little better with solid gains in feeder cattle to close out Friday's trade.

Today, we welcome Brady Huck from Advance Trading Inc. and ATI Pro Media to the show for the first time. We take a longer look at the cattle markets and touch on the volatility in grains as well on today's show. Learn more online at https://www.advance-trading.com and watch ATI Pro Media live every weekday morning at 9am CST on YouTube here: https://youtube.com/playlist?list=PLwCNbhcAodHML3Mu_1pYsr7zeEnXaIroi&si=H3ra2haCaWePhcyC

Heavy pressure being seen on Friday in wheat with the overnight news that Turkey is banning wheat imports for a few months. Plus, heavy pressure in soybeans and corn down as well with mixed action in the livestock trade. Arlan Suderman with StoneX joins us to discuss Friday's market action.

A strong rally with shortcovering by funds in soybeans, soy products and corn led the charge on Thursday. We discuss the oversold conditions of the row crop markets, the stall in wheat markets, economic news and the livestock trade today with Bryan Doherty from Total Farm Marketing. Learn more at https://www.totalfarmmarketing.com.

Also on today's show, where might US corn, wheat, and soybean markets be headed in the next decade? Rabobank's 10-year baseline provides insights into potential long-term trends for the major US grains and oilseeds through 2033/34. Andrick Payen, Grains and Oilseeds Analyst with Rabobank, joins Jesse Allen to discuss the latest outlook. Read more online here: https://research.rabobank.com/far/en/sectors/grains-oilseeds/balancing-act-rising-yields-export-challenges-structural-changes.html