Market Talk

Heading into the September WASDE Report from USDA on Friday, what is the mood of the grain trade nearing harvest? Are we pricing in the potential of lower yield estimates? What are we continuing to see with cash basis in parts of the Corn Belt? How is the overall economy factoring into the equation? Many questions that we discuss and get perspective on today from Tommy Grisafi with Nesvick Trading and Ag Bull Media. Learn more online at https://www.agbull.com.

Plus, this cattle market has been all over the board. On this week's Cattle Chatter, Brad Kooima with Kooima Kooima Varilek breaks down the price action, including why Wednesday's trade made an about-face. Right now, the South is carrying a premium over the North, yet more northern cattle are being trucked south to fill pens. Cash has been trending lower, but with feed costs and weather still working in their favor, feeders continue to hold the advantage.

Also today we hear from Samantha Angotti, LG Seeds agronomist based in Wisconsin, to provide a crop update from her region, late season scouting importance and tips on selecting seed for 2026. Learn more at https://www.lgseeds.com.

Soybeans are leading the grains while cattle are leading the proteins at midday on Thursday. We discuss the markets, look at the new CPI data and more with Arlan Suderman, Chief Commodities Economist at StoneX.

We saw soybeans lead a mostly lower grain trade across the board on Wednesday. Could war and geopolitical tensions in Europe possibly drive some rally in commodities like soybeans and wheat? Also, what about a slight bounce back in cattle on Wednesday? Mike Zuzolo with Global Commodity Analytics joins us for analysis on today's show. Learn more online at https://www.globalcommresearch.com.

We also get a fertilizer market update in Segment Two amid rising tensions in Europe. Mike Castle, Senior Fertilizer Analyst at StoneX joins us for a conversation on today's show.

We see a mixed to lower grain trade and a mixed to higher livestock trade at midweek. Arlan Suderman, Chief Commodities Economist at StoneX joins us to discuss grain, livestock and outside market news for Wednesday, September 10th, 2025.

We saw heavy technical losses in feeder and live cattle on Tuesday while the grain markets were mixed to slightly lower. Cory Bratland from AgMarket.net joins us for some technical analysis of the grain and livestock markets along with thoughts on yield potential ahead of Friday's USDA WASDE report. Find more online at https://www.agmarket.net.

Grains are mixed to quietly lower on Tuesday while we see heavy pressure in cattle futures. Plus, newly introduced legislation on Capitol Hill seeks to block the reallocation of small refinery exemptions (SREs). What could that mean for the industry? Arlan Suderman with StoneX joins us to discuss in our Midday Commentary.

Soybeans, KC wheat and spring wheat led the grain complex to a strong finish on Monday. Did frost concerns and a dry/hot forecast ahead play a role? Also, mixed action in livestock to start the week and what about a dairy market that has seen volatility recently? John Heinberg with Total Farm Marketing joins us to discuss on today's show. More online by visiting https://www.totalfarmmarketing.com.

We saw frost over the weekend in many parts of the Upper Midwest and Northern Plains. Did that lead to some late season damage to corn and soybean crops? Also, could we see a big warmup on the way heading into harvest season? Eric Snodgrass with Nutrien Ag Solutions joins us to discuss in our Weekly Weather Update. More at https://www.ag-wx.com.

Wheat leads a mixed grain markets to start the week on Monday while cattle are also leading a mixed livestock trade. Arlan Suderman, Chief Commodities Economist at StoneX, joins us to discuss grain, livestock and outside market trade to start the new week.

Susan Littlefield sits in for the Friday, September 5th episode of Market Talk. She has market conversation with PJ Conradt and Bryan Doherty as well as the latest episode of Cattle Chatter with Brad Kooima from KKV Trading.

Corn and soybeans found a solid close on the day Thursday while KC wheat was able to reverse off lows to some degree as well. Have we possibly put in a harvest low in the grain markets? How has weather impacted the finish to this crop season? Also, we saw more pressure in cattle futures and that makes you wonder if the top is in there? Shawn Hackett with Hackett Financial Advisors joins us to break this all down on today's show. More at https://www.hackettadvisors.com.

Also, as harvest approaches in the Northern Plains and northwestern Corn Belt, many soybean growers are facing cash basis that is crumbling amid a lack of business to China through the PNW. Jim Thompson, chairman of the ND Soybean Council, and Justin Sherlock, president of the ND Soybean Growers Association, joined us to discuss the current situation with North Dakota soybeans and the trade and export issues with China.

In Segment One, we learn more about Elanco Animal Health launching a new low-endotoxin vaccine that is tough on disease, but easy on cattle. NUPLURA™ PH+5, which targets respiratory and reproductive pathogens in cattle, is now available for purchase. Dr. Brett Terhaar, Elanco Beef Technical Consultant, joins us to discuss. To learn more, visit farmanimal.elanco.com/us/cattle/product/nuplura, contact your herd health veterinarian or Elanco representative.