S2E6 Join Roger and Jason on "The Elevator's Cut Podcast" as they welcome back industry legend, Jeff Reardon! In this insightful episode, Jeff, a financial expert and CPA, dives deep into the current financial landscape for grain merchandisers and elevators. Discover why the industry is seeing impressive profits, even with changing market dynamics. Jeff shares his unique "dollars per bushel of space" metric for evaluating financial health, discusses the critical importance of harvest ownership, and explains why raising price later fees in a carry market is essential.

S2E5 Join hosts Roger Gattis and Jason Wheeler on this episode of The Elevator's Cut as they welcome back old friend and former grain elevator manager, Michael Kaeb of White Commercial. Michael, now a consultant for grain elevators across the western U.S. and Canada, shares his surprising observations about the vast diversity of crops—from milo and sunflowers to various wheat types—and the unique hedging strategies employed in these regions, including using corn futures to hedge barley.

The conversation then dives into common, often misused, phrases in the agriculture industry. Michael helps demystify expressions like "the way the market is right now" and "out of position," offering a candid look at what these colloquialisms truly mean (or don't mean!) in the fast-paced world of grain trading. Plus, get a behind-the-scenes peek at elevator life, including the unexpected challenges of painting wood paneling and hilarious college student excuses. Tune in for insightful discussions, industry anecdotes, and a few laughs!

S2E4 Welcome back to The Elevator's Cut, where Roger Gattis and Jason Wheeler cut through the misconceptions and complexities of the grain industry with a healthy dose of humor and pragmatism. This episode, they tackle the "joys" of corn planting season, dissecting USDA numbers and the ever-predictable weather chaos. They then dive into the wild world of grain spreads and basis trading, revealing why the math might make your head spin (and why your elevator isn't making a killing on price). Plus, get the inside scoop on why grain elevators actually make their money, and why co-op retirements are causing such a stir. And for the record, the internet has spoken: ranch is NOT a spread! Tune in for straight talk, funny takes, and maybe a few eye-rolls, all aimed at shedding light on the real challenges and opportunities in the grain business.

S2E03 What is the market really saying? Probably “good luck,” but we’re listening anyway. In this episode, Roger and Jason decode how merchandisers respond to spread structures, why everyone’s suddenly in love with averager contracts, and what to do when every farmer within 100 miles decides to grow corn. As always, no financial advice—just sarcasm, strategy, and survival tips from the merchandiser trenches.

S2E2 In this episode, Jason and Roger return from the road to unpack what they’re hearing across the industry—from farmer frustrations to merchandiser game plans. They dig into summer inversions, spread behavior that defies expectations, and the silent chaos of full bins before harvest. Also: co-op board decisions, pricing deadlines, and how bureaucratic policies somehow helped basis. If you’re in grain merchandising or AG logistics, this one’s for you.

S2E1 Who’s really pulling the strings in the grain market? The Grain Mafia? The speculators? The deep state? In this episode, Roger and Jason break down the latest rally, debunk some classic misconceptions, and take a closer look at why some folks think only farmers should be allowed to trade futures. Plus, we explore why certain pricing myths just won’t die and how elevators actually manage risk (hint: it’s not by guessing the top). Tune in for the usual mix of hard truths, sarcasm, and a few hot takes that might just get us canceled on grain Twitter.

How are basis traders looking at this recent harvest and the outlook for this season? We talk through the basics of what's going on, the importance of setting boundaries with customers, the value of space, why people hate Free DP so much, why the heck people hedge in the wrong months, and the prospects of setting up our own DOGE for the grain industry. A veritable cornucopia of zeitgeist delving after our recent hiatus.

The guys are back delving the Zeitgeists on all the latest bad basis takes. We discuss how basis may not actually have destroyed the country's infrastructure, how "trading like an elevator" may not be as glamorous as people think but still worthwhile, and what the heck is basis theft and basis fraud anyways. 

If you'd like to hear how Christopher Columbus and CRT are related to basis trading, this is a good episode for you.

We are back with Part 2 for your harvest time listening pleasure. This time, with Special Guest, Susan Stroud of No Bull Ag (NO BULL (nobullag.com)). We delve into the Corn Sweat Zeitgeist, of course, but still have time to tackle the big topics of the 2024 fall harvest: rolling basis contracts, proactive selling to capture big carries, what's a "good price" and how does it change throughout the year?, logistics of a big crop, harvest marketing alternatives, and what's all this carbon intensity stuff mean?

It's that time again for some audio to help pass the long hours of harvest. The guys have a special guest, Michael Kaeb from IL, to share stories and have some fun talking about the more entertaining side of the grain business. From Chemtrails to damaged equipment to bathroom subscription services, we once again dare to delve where other podcasts refuse to.

0:00 Intro

3:10 Special Guest Introduction

9:05 Conspiracies -- Chemtrails/Flat Earth/ Corn Sweat/ Wildfires

18:00 Grain Truck Drivers -- Demographics/ Business Ideas/ Unfortunate Stories

37:40 Hired Hands at the Farm and Season Help at the Elevator