PODCAST · business
Hedge Heads
by Blue Creek Commodities
Commodity market discussion. We don't know where the market's going, but we have some ideas.
Episodes
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The USDA Hit the Brakes. Will the Funds Hit the Exits?
The latest USDA report knocked the legs out from under the bullish grain story, but the funds are still holding substantial long positions. How long can they hang on, and what happens if they head for the exits? Jon Prischmann and Ryan Tungseth discuss why a bearish short-term outlook can still...
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USDA Blindsided the Market. Now Watch the Basis.
A surprise USDA yield increase knocked corn lower, but the next clues may come from local cash markets. In this short Hedge Heads episode, Jon and Ryan discuss what basis and spreads could reveal about actual grain supplies, where opportunities may develop in a range-bound market, and the risk of...
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The Bulls May Be Right. They May Also Be Too Early.
A bullish story can still be a tough market to sit through. With harvest bringing fresh supplies and funds already heavily committed to higher prices, what happens if the next USDA report doesn't deliver what the bulls expect? Jon Prischmann and Ryan Tungseth break down why the longer-term case…
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The Opportunities Are Back. Are You Too Busy to See Them?
Harvest is underway, but grain marketing deserves more than whatever time is left at the end of the day. Strong soybean basis has Jon Prischmann questioning whether supplies are as comfortable as the numbers suggest, while a more active market is opening up strategies that were difficult to…
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This Market Could Get Wild. Don't Get Reckless.
Energy is moving, volatility is building, and commodity markets are starting to react. That could create some of the best opportunities traders and producers have seen in a while. It could also be a very expensive time to get reckless. Jon Prischmann and Ryan Tungseth break down why this is...
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Stop Trying to Predict the Market. Start Using It.
Everybody wants to know where the market is going. Jon Prischmann and Ryan Tungseth argue that may be the wrong question. This week, they break down how one producer is approaching December 2027 corn with a strategy that goes well beyond simply placing an order at the elevator, and why learning…
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Should You Sell This Rally? You're Asking the Wrong Question
Grain markets are moving again, and after two years of frustrating price action, producers finally have something worth protecting. But Jon Prischmann says the question he keeps getting, "Should I sell?" may be the wrong question entirely. This week, Jon and Ryan break down why this rally demands…
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For the First Time in Two Years, Hedging Gets Interesting
For months, the message on corn was simple: don't get too aggressive and don't cap the upside. Now the market is finally starting to show why. But the rally changes the conversation. For the first time in a couple of years, producers have enough margin to start considering different ways to…
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The Bull Case Is Getting Stronger. Now Comes the Hard Part
The grain markets are starting to look very different from the last two years. Strong demand is no longer being comfortably matched by expectations for another near-perfect crop, and that shift is bringing opportunities back into the conversation that producers haven't had much reason to consider...
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The Market Just Changed: Demand Takes Control
The grain market may be entering a new phase. Jon and Ryan break down the latest USDA report and why strong production numbers weren't enough to pressure corn, soybeans, and wheat the way many expected. The key shift is demand. After months of talking about burdensome supplies, the market is...
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The Market Is Changing. Your Plan Should Too.
The last two years taught producers some painful lessons—but following those lessons blindly could create a whole new set of mistakes. Jon Prischmann and Ryan Tungseth explain why this year's combination of crop uncertainty, global conflict, energy markets, and shifting demand deserves a…
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Don't Let Harvest Make Your Marketing Decisions
Every year, producers face the same questions: sell, store, or hedge? This week, Jon and Ryan focus on building a plan before harvest forces your hand. They explain how marketing credit lines can make hedging more practical, why this year's crop isn't shaping up like the last two record seasons,...
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Hedging Isn't About Predictions. It's About Having a Plan.
When markets become uncertain, most producers start looking for predictions. Jon Prischmann believes they're asking the wrong question. This week, Jon and Ryan explain how professional hedging actually works, why every farm needs a different marketing strategy, and how today's changing grain...
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This Isn't the Grain Market You Think It Is
The weather has everyone's attention, but that's not the real story. This week, Jon and Ryan explain why today's grain market is fundamentally different than the last two seasons. USDA balance sheets are tightening, demand remains solid, and weather is finally becoming a meaningful driver again....
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This Rally Feels Different. Here's Why That Matters.
After months of frustrating grain markets, something finally changed. Jon Prischmann and Ryan Tungseth break down why this week's rally wasn't just another bounce. The way buyers stepped into the market, the confidence behind the move, and the follow-through all point to a market that may be...
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The Biggest Report of the Year... and the Bullet Grain Markets Dodged
The June 30 USDA report had all the ingredients for another major setback in the grain markets. Instead, it may have marked an important turning point. This week, Jon Prischmann and Ryan Tungseth break down why the report was far more constructive than many expected, what the surprising demand...
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The June 30 Report Could Change Everything
The grain markets have already done something unusual this year: they removed much of the weather premium before summer even arrived. Now all eyes turn to the June 30 acreage report, a release that could dramatically reshape the outlook for both corn and soybeans. Jon Prischmann and Ryan Tungseth...
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You're Paying Too Much: The Grain Marketing Mistake Costing Farmers Thousands
Storage fees. Interest costs. Roll charges. Convenience comes at a price—and many producers are paying far more than they realize. This week, Jon and Ryan take a hard look at the hidden expenses built into common grain marketing decisions and explain why so many farmers are asking the same...
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The Market Moved Early. Now What?
The grain markets may have just delivered their summer message weeks ahead of schedule. Corn broke lower despite strong demand, supportive energy prices, and ongoing geopolitical uncertainty, leaving many producers wondering if the seasonal opportunity has already passed. Jon Prischmann and Ryan...
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Oil Is Rallying. Grains Are Falling. Explain That.
Just when it looked like higher oil prices and geopolitical uncertainty might support grain markets, the opposite happened. Funds have started liquidating grain positions while oil continues to climb, creating one of the most confusing market environments producers have faced in years. Jon...
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This Corn Market Isn't Acting Like the Last Two Years
For the last two seasons, the corn market followed a familiar script: strong planting pace, ideal weather, and a steady grind lower into summer. Jon Prischmann and Ryan Tungseth explain why 2026 may be setting up very differently—and why treating this year like the last two could be a costly...
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This Market Could Explode Higher — Or Collapse Just as Fast
This week's Hedge Heads episode dives into one of the most difficult grain marketing environments producers have faced in years. Jon Prischmann and Ryan Tungseth break down why today's market feels eerily similar to 2008, with rising oil prices, climbing interest rates, inflation fears, and...
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Grain Markets Are Heating Up
Oil is surging, wheat has finally woken up, and the grain markets are turning increasingly volatile. Jon Prischmann and Ryan Tungseth break down why keeping the upside open has remained the right strategy, even as emotions rise alongside the markets. They discuss the inflation-driven rally across...
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Why This Is the Worst Time to Cap Your Upside
This is one of the most important—and most misunderstood—windows in grain marketing. Jon Prischmann and Ryan Tungseth break down why the next five to six weeks can define your entire marketing year, and why locking in too much too early during this stretch can quietly limit your profitability.…
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The 7-Week Window That Sets Your Entire Crop Year
This is it—the stretch of the year where grain marketing decisions matter most. From now through mid-June, markets tend to find their highs, but this year isn't coming with an easy story. Planting progress is running ahead of normal, conditions look about as ideal as they can be, and yet money...
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This Feels Like 2008… But Not Where You Think
Markets are moving higher—but the foundation underneath them isn't telling the same story. In this episode, Jon Prischmann and Ryan Tungseth break down a growing disconnect across the grain markets, where soybeans are climbing on fragile footing while corn is quietly strengthening in ways that...
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Thee Grain Lady Joins: Why Marketing Isn't One-Size-Fits-All
This week's episode brings a different perspective to Hedge Heads with special guest Ashley—better known as @TheeGrainLady on X. Her path into agriculture didn't follow the typical route, but it led her to one core belief: marketing should work for the farmer, not the system. Ashley breaks down…
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The Market Looks Strong… But Something Isn't Right
After a short break, the Hedge Heads crew is back—and the market hasn't gotten any easier to read. Money has poured into commodities on a renewed food inflation narrative, but the structure underneath isn't confirming the move. Oil has taken center stage, pulling attention across every market…
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Don't Get Stuck: Why This Market Demands Flexibility
This isn't a market you can afford to be rigid in. With volatility shifting and key reports ahead, Jon and Ryan focus on one core idea: keeping your upside open while still protecting profitable prices. They break down how to approach marketing decisions in corn, soybeans, and wheat over the next...
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The Market Just Changed: Fast Moves, Fund Flows, and Fragile Signals
This week's episode moves as fast as the markets themselves—and that's the point. After weeks of quiet trade, volatility is back in a big way. Soybeans dropped sharply in a single session, exposing just how much of the recent rally was driven by fund money rather than real demand. At the same…
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When Markets Go Crazy: Oil Swings, Missed Orders, and Soybeans
Commodity markets turned chaotic this week after crude oil surged nearly $30 overnight before reversing just as quickly. That kind of volatility created a narrow window where grain marketing orders were triggered fast—and plenty of others were missed. Jon Prischmann and Ryan Tungseth break down…
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War Headlines, Wild Volatility & a Bean Rally That Doesn't Add Up
Oil spikes. Volatility jumps. Soybeans rally on headlines that, fundamentally, don't make much sense. Welcome to one of those markets. In this episode of Hedge Heads, Jon and Ryan break down how escalating Middle East tensions are rippling through crude oil, grains, cattle, currencies, and even...
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Beans on a Tear, Cattle Throwing Warning Signs – Don't Miss This Shift
Soybeans have ripped higher on fund buying and China chatter, but the cash market and spreads are telling a different story. Jon Prischmann and Ryan Tungseth break down why this bean rally looks more like momentum than real demand, how to think through old and new crop hedge strategies, and why...
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INSIDER PREVIEW! Spreads Don't Lie: What Crude Oil Is Telling Us About Corn
In this special Insider preview episode, we open the door to how we really read markets—through spreads, not headlines. Crude oil gave a warning sign on the way down, staying inverted even as prices slid. That unusual structure hinted the selloff wasn't as bearish as it looked—and now oil has...
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Tough Decisions at Uncomfortable Prices
It's mid-February, and instead of the usual spring buzz, grain markets feel flat. Prices aren't terrible, but they're not good either. And that's exactly the problem. In this episode of Hedge Heads, Jon Prischmann and Ryan Tungseth dig into what might be one of the toughest decision windows...
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Spring Panic, Soybean Moves & Cattle Hedges: What to Do When Nothing Works
Warm weather's arriving—but that doesn't mean optimism is. In this week's Hedge Heads, Jon Prischmann and Ryan Tungseth dig into the gloomy outlook facing grain producers this spring. With old crop dragging, inputs still high, and no crop battle in sight, many are asking: What can you actually do...
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Grain Decisions: Lock It In or Wait It Out?
It's decision time. Corn and soybean markets are stuck in tight ranges—but the clock is ticking. This week, Jon Prischmann and Ryan Tungseth break down why February could be the most important month of the season for old crop and new crop planning. They cover key price levels to watch, how cold...
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Corn Crossroads: Lock It In or Wait It Out?
This week's episode is focused on corn, and why it's time to make some decisions. Jon Prischmann and Ryan Tungseth break down old crop and new crop strategies, outlining three paths producers are considering right now: lock in with hedge-to-arrives, wait for a price rally, or sell and re-own the...
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The Missing Piece in Most Farm Hedging Plans
This week on Hedge Heads, Jon Prischmann is joined by farm management coach Brett Oelke of Innova Agra for a deep dive into the part of risk management most producers skip—and pay for later. They break down why hedging without a true cost-of-production plan sets farms up to fail, how misaligned...
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A Devastating January Report...Now What?
This wasn't just a bad report...it was the kind of January surprise that forces you to rethink everything. Massive acreage changes, record yields, weak demand, and almost no volatility response left corn, beans, and wheat reeling. Jon Prischmann and Ryan Tungseth break down why this report is...
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Bored Markets, Cheap Options, Big Report Risk
It's the first Hedge Heads episode of 2026, and the markets feel asleep. That's exactly why this setup matters. Jon and Ryan break down why the January 12 report could be the first real catalyst in a while, how to think about risk when corn has been stuck in a tight range, and what the spreads…
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Theta Farmer on Options, Volatility, and Playing the Long Game
Jon Prischmann and Ryan Tungseth are joined by Theta Farmer for a wide-ranging discussion on options, volatility, and what disciplined risk management looks like in today's grain markets. Rather than chasing trades, the conversation focuses on patience, timing, and understanding when the market…
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The Real Reason Options Don't Work for Most Traders
Most option trades fail long before the market ever moves. In this Christmas episode of Hedge Heads, Jon Prischmann and Ryan Tungseth break down the real decision-making process behind option selection—why timeframes matter, when short-term options make sense, and why the cheapest premium is…
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Real Numbers, Real Decisions: How to Handle Grain at Year-End
End-of-year grain decisions are rarely about opinions—they're about math. In this episode of Hedge Heads, Jon Prischmann and Ryan Tungseth walk through the real numbers producers are facing right now: storing grain versus selling, when it makes sense to re-own with calls, and how to think about...
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Is the Perma Bear… Bullish on Corn Now?
A year ago, Jon was accused of turning bullish on corn—and lost a beer bet because of it. This year feels eerily similar, but the setup is different in one key way: the spreads and demand signals are telling a story most producers aren't paying attention to. In this episode, Jon and Ryan break…
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How to Spot a Top
Most market chatter is noise. Spreads aren't. This week, Jon Prischmann breaks down the one indicator he trusts more than any headline, analyst note, or social media hot take: the corn spreads that quietly revealed last year's top weeks before the break. He walks through how March–May corn acted...
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Keep the Upside Open: Smarter Corn Strategies for a Tricky Market
Corn is offering profits, but the real question is whether it's worth locking in this early. Jon and Ryan break down why giving up a few cents to buy time may beat jumping into a hedge, how short-dated and September calls can change the math, and what political headlines are doing to soybeans.…
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Leave the Upside Open: Smarter Corn Sales in a Confusing Market
Corn is finally moving, but nobody agrees on what comes next. This week, Jon Prischmann and Ryan Tungseth break down why incremental sales make sense in a rising market, why USDA numbers matter even when nobody likes them, and how to keep the upside open without overspending on premium. They dig...
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How to Lock In Profits Without Losing the Upside
This week, Jon and Ryan get practical with real corn hedge setups — the kind they're actually watching right now. They break down when to buy calls or puts, how to build a floor without capping your ceiling, and why smart planning beats chasing highs. It's a straight-talk episode focused on…
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Markets on the Line: The Hedge Heads Fishing Episode
The mics are on, the lines are in, and the markets are moving. Jon and Ryan take Hedge Heads to the lake to talk soybeans, corn, and cattle between casts. A relaxed, off-the-dock episode where market insight meets Minnesota fishing stories.
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Frequently Asked Questions
How many episodes does Hedge Heads have?
Hedge Heads currently has 132 episodes available on PodParley. New episodes are automatically indexed when they're published to the podcast feed.
What is Hedge Heads about?
Commodity market discussion. We don't know where the market's going, but we have some ideas.
How often does Hedge Heads release new episodes?
Hedge Heads publishes regularly with 132 episodes available. Check the episode list for the typical release schedule.
Where can I listen to Hedge Heads?
You can listen to Hedge Heads on PodParley by clicking any episode. We provide an embedded audio player for direct listening, and you can also subscribe via your preferred podcast app using the RSS feed.
Who hosts Hedge Heads?
Hedge Heads is created and hosted by Blue Creek Commodities.
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