Market Talk

On Thursday's show, we start things off with a market conversation between Susan Littlefield and Arlan Suderman of StoneX in Segment One followed by a new episode of Cattle Chatter with Susan and Brad Kooima from KKV Trading.

Then, Jesse sits down for analysis with Bryan Doherty from Total Farm Marketing and we also kickoff a series of educational tips on futures and options, focusing on long call options to start.

The wheat complex exploded to the upside on Wednesday as concerns grow over the closure of the Kerch Strait, linking the Sea of Azov with the Black Sea, as fighting intensifies between Russia and Ukraine in the region. Could this be the start of a bigger rally across commodities as we re-add war premium into the trade? We talk wheat, crude oil, corn, inflation and the struggles in the cattle complex with Mike Zuzolo from Global Commodity Analytics on today's show. Find more online at https://www.globalcommresearch.com. 0:00 Wheat surges on Black Sea tensions 0:53 The Kerch Strait: a new bottleneck for wheat and crude 3:04 Energy: Russian diesel, the funds, and the Hormuz double whammy 6:46 Geography lesson: Kerch, Crimea, and Odessa under fire 9:12 The WTI–soft red wheat correlation 10:49 Paris wheat leads: highest since 2024 12:08 Corn: not a U.S. weather market... yet 14:15 Cattle on the struggle bus: a futures-led correction 17:11 Feeders, feed needs, and where to hedge 18:44 CPI and PPI come in cool 19:28 How to reach Mike Zuzolo

The wheat complex exploded to the upside on Wednesday as concerns grow over the closure of the Kerch Strait, linking the Sea of Azov with the Black Sea, as fighting intensifies between Russia and Ukraine in the region. Could this be the start of a bigger rally across commodities as we re-add war premium into the trade? We talk wheat, crude oil, corn, inflation and the struggles in the cattle complex with Mike Zuzolo from Global Commodity Analytics on today's show. Find more online at https://www.globalcommresearch.com.

While U.S. growers watch the weather for corn and soybeans, traders are also watching growing concerns over the closure of the Kerch Strait that links the Sea of Azov to the Black Sea. What does the increased Russia/Ukraine fighting mean for the wheat market and commodities as a whole? And, are we finding a bottom in the cattle market selloff? Chip Nellinger with Blue Reef Agri-Marketing also joins us today for a midweek conversation. Find more at https://bluereef.ag.

It was an interesting start to the week in the grains and oilseeds as we've pulled back in corn and soybeans after a higher start to the week. But we have to wonder, are we entering into a bullish cycle for the grain complex? DuWayne Bosse with Bolt Marketing joins us to discuss that, the weather factor, USDA data, demand, inflation, a tough stretch for the cattle market and much more. Find more at https://www.boltmarketingllc.com.

Cattle futures had a tough session on Tuesday as we tested some key moving averages in both live and feeder cattle. Lean hogs had a better day and it was a mixed session across the grain trade. Jacob Burks with AgMarket.net joins us in the second half of the show to discuss the markets, inflation, demand and much more. Find more at https://www.agmarket.net.

The grain markets are mixed on Tuesday with some pressure in corn and soybeans while the cattle complex is under pressure through midday. We also got the June Consumer Price Index data this morning and it was better than expected. Arlan Suderman, Chief Commodities Economist at StoneX, joins us to discuss in our Midday Commentary for Tuesday, July 14th, 2026.

Is it time to get bullish in the grain markets? Could we have a weather story developing amid global geopolitics, demand and more? Kristi Van Ahn-Kjeseth with Van Ahn & Company joins us for a conversation and perspective on what's driving the grain markets and her reaction to a bit of a disappointing close to grain markets on Monday's session. We also talk inflation, interest rates, energies and the cattle market. Find more online by visiting https://www.vanahnco.com.

The grain markets gapped open on Sunday night amid the hot and dry weather forecast for much of the Plains and Midwest this week. You add in renewed concerns of war in the Middle East and you have a market that is trying to find some bullish support. Mike Minor with Professional Ag Marketing joins us to discuss the grain market story and analysis of lean hogs and cattle. Find more online by visiting https://www.professionalagmarketing.com.

Also to being the show, with some areas of the plains set to see multiple days of 100 degree temperatures this week, along with dry weather, there is a natural concern for corn and soybean crop development. Eric Snodgrass with Nutrien Ag Solutions joins us to discuss the forecast on our Weekly Weather Update. Find more at https://www.agweather.com.

The July WASDE Report from USDA made some interesting changes to the balance sheet for corn, wheat and soybeans. Does the USDA math make sense? How much is weather and war concern overseas factoring in to the wheat market? Bryan Irey with Crossroads Coop joins us for analysis and perspective after the WASDE report and thoughts on the cattle trade as well. Find more at https://www.crossroadscoop.com.

Another day lower in cattle futures on Friday while this week's cash trade is coming in around $7 lower. Meanwhile, lean hogs were mixed on the session and the grain trade was higher on the back of some interesting changes in the July WASDE Report. Joe Kooima with Kooima Kooima Varilek joins us to discuss. More at https://www.kkvtrading.com.

We also hear analysis to open the show from Arlan Suderman, Chief Commodities Economist at StoneX.

USDA made a few changes to the balance sheets with the release of its July 2026 World Agricultural Supply and Demand Estimates report on Friday. Arlan Suderman, Chief Commodities Economist at StoneX, joins us for a recap of the July WASDE Report in our Market Talk Midday Commentary for Friday, July 10th, 2026.

We saw the cattle complex shoot lower into Thursday's close with a fairly ugly close. Meantime, the soybean complex continued to selloff after confirmed sales to China while wheat found support on Thursday. Bryan Doherty with Total Farm Marketing joins us to recap the trade action. Find more at https://www.totalfarmmarketing.com.

For the past several weeks, we've been discussing the importance of preparing for the possibility of a lower cattle market. On this week's Cattle Chatter, Brad Kooima of Kooima Kooima Varilek breaks down what is now the ninth consecutive day of lower August live cattle futures and what the recent price action could mean for producers.

Wheat is showing some support while corn and soybeans trade lower at midday. The livestock sector is a mixed bag as well on Thursday. Arlan Suderman, Chief Commodities Economist at StoneX, joins us for analysis and perspective in our Market Talk Midday Commentary for July 9th, 2026.