Market Talk

We saw a bit of a weather rally in U.S. markets to start the week while things turned mixed and quiet on Wednesday. However, Mike Zuzolo with Global Commodity Analytics makes the case the fund managers might be finally turning their attention to weather related supply risks globally. We discuss what that could mean and more on today's show. Contact him online at https://www.globalcommodityanalytics.com.

Grains and livestock markets are relatively mixed at midday on Wednesday with some green on the screen in grains. We discuss the market action and also the broader economy and U.S. debt situation with Arlan Suderman, Chief Commodities Economist with StoneX, in our Midday Commentary.

We saw the grain markets fade late session on Tuesday while the livestock market surged into the close. Overall, it feels like a giant game of chicken being played right now in the grain and livestock markets. We discuss that and overall market sentiment with Matt Bennett from AgMarket.net on today's show. Find more at https://www.agmarket.net.

Also on today's show, CHS has announced their Q3 FY2024 financial earnings results. We discuss the numbers and more with CHS executive vice president, chief financial officer and chief strategy officer Olivia Nelligan. You can learn more online at https://www.chsinc.com and also view the Q3 numbers here: https://americanagnetwork.com/2024/07/chs-reports-third-quarter-fiscal-year-2024-earnings.

Soybeans led the way to start the week, soaring higher amid a round of weather risk related short covering. Corn and spring wheat also had a solid day higher with Chicago and KC wheat up slightly. Livestock markets also found some broad based support on Monday. We discuss the market action and get analysis from John Heinberg with Total Farm Marketing. Learn more at https://www.totalfarmmarketing.com.

There is starting to be some chatter that hotter temps are on the way for parts of the U.S. Northern Plains and that could also spill into the western Corn Belt as we head into August. Just how much will we see and will it have a big impact on soybean and spring wheat development? We talk about that and get our weekly weather update from Eric Snodgrass with Nutrien Ag Solutions. Learn more at https://www.ag-wx.com.

Soybeans and spring wheat are leading a short covering rally in the grains to start the week while the livestock trade is also higher. Plus, is the weekend news of President Biden stepping aside having any impact on the broader markets here today? We discuss all of that with Arlan Suderman, Chief Commodities Economist at StoneX. More at https://www.stonex.com.

The truth is, if you don't like the current prices in this grain market you don't HAVE to make sales right now. Kent Beadle with Paradigm Futures joins the show to share that perspective along with some of the historical setup in the corn and soybean markets right now. He talks about the record short speculator, the long position in the commercial market and much more. You can find more details at https://www.paradigmfutures.net.

Also, we didn't get today's Midday Commentary posted individually, but we did share it during segment one of today's show with Ryan More from StoneX. He gives an update on a crop tour he just wrapped up and some thoughts on Friday's grain market action. More at https://www.stonex.com.

Markets ended up fairly mixed on Thursday with some strength in spring wheat and soybeans. We discuss why you need to be a savvy marketer, take advantage of push bids and more ways to defend your risk in this bearish market environment on today's show. Bryan Doherty, Senior Market Advisor at Total Farm Marketing, joins us for that conversation. Find more online by visiting https://www.totalfarmmarketing.com.

Also, we discuss crop nutrition and how to manage any nutrient loss you may have seen this year due to weather. John Niemeyer from Nutrien joins us for a discussion in Segment Two. Learn more online at https://www.nutrien.com or https://www.smartnitrogen.com.

Mixed action is being seen in the markets on Thursday with Minneapolis wheat finding support and cattle under pressure. We discuss the markets with Arlan Suderman from StoneX.

On Wednesday's Market Talk, we wrap up our time in Washington D.C. with the National Corn Growers Association for Corn Congress 2024. We hear part of a conversation we had on the Wednesday episode of AOA with NCGA Lead Economist Krista Swanson, discussing the new study titled "A Study of the Economic Contribution of Corn Farming in the United States for 2023". You can view that full study online here: https://dt176nijwh14e.cloudfront.net/file/700/Economic%20Contribution%20Study.pdf

In Segment Three, we get market analysis and an update on damage from this week's derecho event in Iowa and Illinois with Garrett Toay from AgTraderTalk. You can learn more online by visiting https://www.agtradertalk.com.

Wheat is showing a nice bounce on Wednesday while the rest of the grain and livestock markets are mostly mixed in quiet midweek trade. We discuss the market action, the latest ethanol production numbers and more with Arlan Suderman, Chief Commodities Economist at StoneX.