Hedge Heads

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 commodities, why wheat spreads are flashing warning signs, and how corn continues to show resilience despite heavy acreage expectations. The episode also dives into growing dryness concerns in the Northern Plains, record planting pace across the Midwest, and why the upcoming China summit and June USDA report could become major turning points for grain prices. On the livestock side, they explain why rising fuel costs and weaker beef demand could start pressuring cattle markets. The key message throughout the episode: stay disciplined, market incrementally on the way up, and be prepared for sharp reversals if oil or outside markets suddenly change direction.

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. With markets swinging wildly on energy moves, uncertain global negotiations, and a weather pattern that's anything but clear, the temptation to "just take a price" is as strong as ever. But this is exactly when discipline matters most. The conversation centers around a simple idea: protect your downside without sacrificing your upside. Jon explains how using options can buy time during a volatile weather window, why many producers hesitate to pay for that flexibility, and how that hesitation often leads to more defensive—and less profitable—marketing over time. They also dig into the broader market picture, including erratic oil-driven volatility, a potentially drier-than-expected western weather pattern, and the ongoing tug-of-war in cattle markets where strong prices are starting to meet resistance from demand. The bottom line: this isn't the time to guess where the market is going—it's the time to structure a plan that keeps you open to opportunity while managing risk.

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 continues to pour into commodities, keeping prices elevated without strong fundamental backing. Jon Prischmann and Ryan Tungseth break down the tension between a market that wants to go higher and one that may not have the news to justify it. They discuss why heavy fund length makes grains vulnerable, how inflation-driven money flow is distorting price signals, and why soybeans look particularly unstable despite holding firm. The conversation also dives into strategy—why protecting the downside without capping upside is becoming more relevant, where premium opportunities may show up, and why having a plan in place right now separates strong marketers from everyone else. With the June acreage report looming and weather narratives about to take over, this episode focuses on one thing: making sure you don't miss the window that defines your year.

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 matter. They explain why this rally has echoes of 2008, how inflation-driven buying can create opportunity—and risk—and why spreads and carry are flashing warning signs in beans. The conversation shifts to strategy, including how to think about protecting downside with options, why patience still matters in corn, and what early signals in the cash market could mean for the months ahead. If you're trying to separate real demand from headline-driven moves, this episode lays out what to watch next.

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 the critical difference between selling grain and actually managing risk, and why too many producers rely on a single outlet instead of a full strategy. The conversation digs into how basis, logistics, and geography can completely change outcomes—especially in places like North and South Dakota, where marketing is far less forgiving. They also tackle the importance of discipline, understanding your true breakeven, and why combining cash, futures, and structured strategies matters more than ever. As planting season approaches, the group looks ahead to acreage uncertainty, rising input costs, and a market that could shift quickly depending on weather and demand. This isn't just a conversation about markets—it's about how to think differently about risk, strategy, and making better decisions when the stakes are highest.

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, yet grains are starting to disconnect in ways that raise more questions than answers. Jon Prischmann and Ryan Tungseth break down why soybeans may be the most vulnerable market right now, what warning signs are showing up in cattle despite strong prices, and why corn could quietly be setting up for a much bigger move later this year—even if the short-term outlook remains murky. They also dig into the impact of fund positioning, why spreads are flashing caution signs, and how outside forces—from energy markets to global politics—are distorting normal price behavior. This is a market full of opportunity—but timing, more than ever, is everything.

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 two months, and why simple "sell or hold" thinking won't cut it. The conversation also dives into volatility strategies, what the March planting report could trigger, and how outside markets like oil are quietly driving risk across commodities. On the livestock side, they discuss why cattle may finally be flashing warning signs after a strong run. In a market this unpredictable, the edge goes to those with a plan—not a prediction.

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 time, oil has taken center stage, pulling attention toward soybean oil, energy markets, and the ripple effects across grains and livestock. Jon and Ryan break down what's actually happening beneath the surface—why spreads were warning about soybeans long before the drop, how fast-moving headlines are distorting price action, and why trying to "outguess" this market is a losing game. They also dig into the opportunities that come with this kind of volatility, from short-term options to strategic hedging decisions, and explain why having orders in ahead of time matters more than ever when markets can change in minutes. On the livestock side, they discuss why cattle are starting to show cracks and what rising energy costs could mean going forward. This isn't a market where you predict—it's one where you react. And if you're not prepared, it can move without you.

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 why having orders in place ahead of time matters in markets like this, and why producers without a plan were left scrambling. They also discuss why corn struggled to participate in the rally, why funds continue piling into soybeans despite bearish supply numbers, and how option timing—March versus September—can make or break a strategy. With cattle markets also showing signs of vulnerability at high prices, the bigger question now becomes what to do after the rally and how to navigate the volatility that may only be getting started.

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 outside markets like gold and silver. Oil is the key gauge right now—but soybeans have taken the spotlight, with funds aggressively defending positions despite heavy global supplies and record South American production. Is this rally real, or just momentum looking for a story? The guys walk through why soybean basis and spreads are flashing caution signs, why corn may be the more complicated decision this spring, and how wheat continues to offer opportunities on strength. They also dig into cattle, where warning signs are building beneath strong cash prices, and discuss why risk management conversations need to happen—even when protection isn't cheap. Plus, with the March 31 acreage report ahead, they explore whether volatility strategies like straddles and strangles could make sense in a market that feels primed for movement. It's a fast-moving environment. The key isn't predicting every headline—it's positioning smartly when opportunity shows up.

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 having "one hoop" in your marketing plan beats hoping for three miracles. They also dig into hogs, where summer premiums are getting stretched and spreads are flashing potential opportunity for those willing to look deeper. Then there's cattle. After a long, powerful bull run supported by tight supply, the tone is starting to change. Even with strong cash and supportive reports, futures aren't responding the way they used to. Jon explains why margins inside the beef chain matter more than ever and why this could be the moment to take protection seriously. If you've got beans in the bin, corn decisions hanging over your head, or cattle that need coverage, this is one of those episodes where the clock might be ticking. Call Jon at 218-731-1578 to talk through strategy that fits your operation.

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 rallied. The big question: are grains flashing the opposite signal? We dig into widening corn and soybean carries, what they suggest about old crop pressure, and why old crop may be more vulnerable than new crop right now. With USDA acreage estimates tightening the balance sheet for 2026, there's less room for error—but the market isn't trading fear yet. Is this the time to lock in new crop? Should you defend upside with calls? Or is patience still the best strategy in a bear market that feels heavy but fragile? This episode is all about planning. Old crop decisions. New crop strategy. Spread opportunities like Dec '26 vs. Dec '27. And how quickly rallies can appear—and disappear—when funds get involved. If you're making spring marketing decisions, this is the framework you need before the next move happens fast.

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 producers have faced in years. Soybeans have rallied, but widening carries and weak export numbers raise questions about how real it is. Corn is hovering in a range that feels vulnerable, with new crop decisions getting made at levels that may or may not hold. They break down practical strategies for both old crop and new crop, including why expensive puts are hard to justify, how some producers are approaching small percentage sales, and why doing nothing is becoming an increasingly common choice. The conversation also turns to cattle, where record prices and broken margins are creating opportunity, risk, and even talk of farm diversification. If you feel like you're at a crossroads with no clear map, this episode is for you. It's not about perfect answers. It's about managing risk in a year where the usual playbook doesn't quite apply.

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 in markets like this? They explore why swing trades and short-term spreads might be the only way to stay in the game, how a surprise bean rally shook things up, and why cattle hedging deserves serious attention—especially at these price levels. Plus, why now is not the time to be shorting calls, and what silver, crude oil, and politics have to do with grain market sentiment. If you're feeling stuck, this is the episode to help you move forward.

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 weather has slowed grain movement, and what the spreads are saying about commercial demand. More importantly, they lay out re-ownership strategies using July vs. September corn calls, and why getting the timing wrong could cost you. Plus, a quick hit on feeder cattle hedging, natural gas chaos, and why wheat's rangebound behavior might be the only play that's working.

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 upside with inexpensive September calls. With strong demand being outweighed by burdensome stocks and expectations of a 95+ million acre planting season, there's limited room for upside without a major weather event. They also explain why inflation signals in gold and silver aren't likely to pull grains higher, and why oil is the market to watch. If you haven't set a plan for spring yet, this is the episode to get you moving.

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 bankers quietly limit marketing decisions, and why elevator contracts alone won't cut it in today's margin environment. The conversation digs into building real budgets, using spreads and options to add revenue instead of hope, and why the next few years will reward producers who treat marketing like a business, not a guess.

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 historically troubling, why it's different from past bearish shocks, and what it means for old crop, new crop, and even 2026 planning. They discuss why traditional hedging tools aren't working, what signals still matter when prices are under pressure, and where the few remaining opportunities might come from. It's a tough conversation—but one every producer needs to hear right now.

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 and basis are quietly signaling about nearby demand. They also get practical on strategy: the overlooked "in-between" serial options, when short-dated coverage makes sense versus owning more time, and what it really takes for straddles and strangles to pay in a low-volatility environment. From there, the conversation widens out into cattle, where tight numbers are fighting questionable demand and policy pressure, plus a quick tour through oil's unusual structure and the strange strength in precious metals. As always, the goal is simple: don't force trades out of boredom, but don't miss the moments when the market gives you a window.

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 is offering opportunity—and when it isn't. Theta shares how he thinks about selling time, managing positions before expiration, and why low-volatility environments often call for doing less, not more. They also touch on 2026 market outlooks, seasonality, and why having a plan matters more than predicting price direction.

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 often the most expensive mistake. They walk through how market structure, seasonality, and volatility should drive your choices, not gut feel or sticker price. The conversation also touches on crude oil's unusual setup, where spreads are sending a very different signal than futures prices, and wraps with a candid look at cattle risk heading into the new year. If you've struggled to make options work, this episode focuses on the "why" that usually gets overlooked. 122325-HedgeHeadsPod

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 upside without exposing yourself to unlimited risk. They break down why boring markets can be the best time to plan, how seasonals and option costs factor into the decision, and why convenience often overrides better financial choices. The conversation also touches on cattle risk, why downside protection deserves attention, and why this market feels very different than the last few years. If you're trying to make clear decisions in a tight-margin environment, this episode focuses on structure—not guesswork.

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 down why corn's pipeline looks tighter than expected, what last year's spread behavior can teach us about timing sales, and the December window that could reveal whether this rally has real fuel behind it. They also dig into soybeans, where volatility keeps slipping even as futures slide, and cover the renewed uncertainty in cattle and wheat. If you're trying to understand what the commercial side is signaling—and whether it's finally time to rethink your bias—this is the episode to hear.

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 ahead of the 2023 peak, why commercials can't hide their real needs, and how spreads give producers the earliest—and most reliable—warning sign that a market is running out of gas. Jon and Ryan also dive into why basis can mislead, what makes corn spreads different from beans and wheat, and how this year's structure compares to the last three crop cycles. They wrap with a fast-moving look at cattle's explosive rebound, option mispricing, and why volatility is rewriting the rules in multiple markets. If you've ever wondered how to know when the top is really in, this episode lays out the roadmap.

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. They also touch on cattle's rough patch, basis-roll decisions, and why staying flexible matters in fast-moving markets.

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 into the surge of money flowing into commodities, the uncertainty around South American and U.S. weather, and why short-dated options may offer more value than they have in years. The conversation also turns to soybeans—where China's buying pace remains the wildcard—and cattle, where a sharp pullback has producers wondering if the run is over or just resetting. If you're looking for a clearer way to manage risk in a noisy market, this episode lays out the framework.

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 timing, strategy, and what limited-risk hedging really looks like in today's corn market. They wrap up with a look at live cattle spreads and why volatility might be your friend this winter.

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.

The quiet stretch is over—commodity markets just came roaring back to life. Jon and Ryan dive into the chaos and opportunity behind 81 million acres of soybeans, a weekend trade deal that shocked the market, and why volatility is finally back. From beans with upside to cattle in freefall, this is the episode where everything moves at once—and every decision matters. "Hedge Heads" is your go-to podcast for cutting through the noise of the futures markets. We get down to the nitty-gritty of grain and cattle trading, with a side of equities and crude oil talk, all while keeping an eye on the latest news that affects your bottom line.    Tune in for straightforward insights and expert opinions to help you make more informed decisions on the farm or ranch. Whether you're looking to hedge your bets or get a leg up on the market trends, we've got you covered.    We are always looking for topics and questions. Send yours to [email protected]

It's that time of year — tough choices, tight margins, and a lot of second-guessing. Jon and Ryan dig into what's working (and what's not) for 2025-26 marketing plans. From soybeans and corn to wheat, crude oil, and even gold, they cover the signals that matter and the traps to avoid. Jon explains why storing beans might make more sense than corn this year, how to approach re-ownership strategies, and why breaking the cycle of reactive marketing could change your entire operation. They also tackle the online noise that's confusing producers, what global acreage means for prices, and where disciplined hedging still pays. Brought to you by American Federal Bank — helping producers plan smarter for whatever the market brings.

Volatility has fallen to its lowest levels in years, and that's changing how producers should think about risk. Jon Prischmann and Ryan Tungseth break down what cheap options really mean, how to use volatility to your advantage, and when "keeping your powder dry" might be the best trade you make all fall. They cover everything from storage decisions and range-bound strategies to what 2026 corn hedging could look like if the market finally wakes up. "Hedge Heads" is your go-to podcast for cutting through the noise of the futures markets. We get down to the nitty-gritty of grain and cattle trading, with a side of equities and crude oil talk, all while keeping an eye on the latest news that affects your bottom line.    Tune in for straightforward insights and expert opinions to help you make more informed decisions on the farm or ranch. Whether you're looking to hedge your bets or get a leg up on the market trends, we've got you covered.    We are always looking for topics and questions. Send yours to [email protected]

The government's shut down, exports are dark, and someone just "found" 200 million bushels of corn. In this week's Hedge Heads, Jon Prischmann and Ryan Tungseth dig into a market that refuses to move—where corn's too expensive, wheat's too cheap, and soybeans can't seem to catch a break. They talk through why full carry and weak basis mean defense is the only smart play right now, why cheap options might be the best opportunity we've seen in years, and how to think about storage, calls, and straddles heading into winter. They also touch on cattle's unstoppable run, why feeder prices may not add up, and what a "reset" could look like for the broader economy.  "Hedge Heads" is your go-to podcast for cutting through the noise of the futures markets. We get down to the nitty-gritty of grain and cattle trading, with a side of equities and crude oil talk, all while keeping an eye on the latest news that affects your bottom line.    Tune in for straightforward insights and expert opinions to help you make more informed decisions on the farm or ranch. Whether you're looking to hedge your bets or get a leg up on the market trends, we've got you covered.   We are always looking for topics and questions. Send yours to [email protected]

Grain markets aren't offering easy answers, and the old "sell it and forget it" approach is running out of road. Jon Prischmann and Ryan Tungseth dig into why simple cash sales aren't cutting it, why storage is creating new headaches, and what a flexible, creative marketing plan needs to look like this fall. From wide soybean carries to wheat's false bottoms, and even the mixed signals in cattle, the message is clear: producers who stick with old habits could get left behind. "Hedge Heads" is your go-to podcast for cutting through the noise of the futures markets. We get down to the nitty-gritty of grain and cattle trading, with a side of equities and crude oil talk, all while keeping an eye on the latest news that affects your bottom line.    Tune in for straightforward insights and expert opinions to help you make more informed decisions on the farm or ranch. Whether you're looking to hedge your bets or get a leg up on the market trends, we've got you covered.   We are always looking for topics and questions. Send yours to [email protected]

Harvest is coming fast, and so are tough marketing calls. Should you put grain in the bin, sell it across the scale, or lock in a hedge? Jon Prischmann and Ryan Tungseth unpack strategies that balance opportunity and risk, with a close look at soybeans, corn, and the signals flashing across the broader commodity markets. "Hedge Heads" is your go-to podcast for cutting through the noise of the futures markets. We get down to the nitty-gritty of grain and cattle trading, with a side of equities and crude oil talk, all while keeping an eye on the latest news that affects your bottom line.    Tune in for straightforward insights and expert opinions to help you make more informed decisions on the farm or ranch. Whether you're looking to hedge your bets or get a leg up on the market trends, we've got you covered.   We are always looking for topics and questions. Send yours to [email protected]

Markets may feel quiet, but decisions made now can shape the year ahead. Jon Prischmann and Ryan Tungseth dig into why your banker should be part of your hedging plan, how fleeting corn rallies could create quick marketing opportunities, and why China's absence from the soybean market is raising alarms. They also take a hard look at cattle, where basis risk and expensive downside protection make hedging especially tricky. Plus—what today's low volatility really means for grain and livestock producers. "Hedge Heads" is your go-to podcast for cutting through the noise of the futures markets. We get down to the nitty-gritty of grain and cattle trading, with a side of equities and crude oil talk, all while keeping an eye on the latest news that affects your bottom line.    Tune in for straightforward insights and expert opinions to help you make more informed decisions on the farm or ranch. Whether you're looking to hedge your bets or get a leg up on the market trends, we've got you covered.   We are always looking for topics and questions. Send yours to [email protected]

Corn showed surprising firmness to kick off September, staying green while beans weakened and wheat struggled. Jon Prischmann and Ryan Tungseth unpack why these random bursts of strength appear, how Brazil's ethanol demand shifts the export picture, and why this season is all about "store and pay attention." They also look at soybeans, where China's absence looms large, and cattle, where futures have finally caught cash—but signs of fatigue are creeping in. A clear-eyed look at fragile markets, storage risks, and the strategies that might actually work when nothing moves in straight lines. "Hedge Heads" is your go-to podcast for cutting through the noise of the futures markets. We get down to the nitty-gritty of grain and cattle trading, with a side of equities and crude oil talk, all while keeping an eye on the latest news that affects your bottom line.    Tune in for straightforward insights and expert opinions to help you make more informed decisions on the farm or ranch. Whether you're looking to hedge your bets or get a leg up on the market trends, we've got you covered.   We are always looking for topics and questions. Send yours to [email protected]

This year's markets won't reward sitting still. With low prices, heavy carry, and weak basis, survival depends on keeping new strategies in play. In this week's Hedge Heads, Jon Prischman and Ryan Tungseth dig into why fresh ideas are the most valuable tool you can have. They cover how to recognize the kind of year we're in, why basis should be your guide for marketing decisions, and the importance of tailoring strategies to your operation. Along the way, they unpack soybean spreads after a sudden rally, the global forces weighing on beans and corn, and whether cattle's relentless run can really last. This episode is about staying nimble, staying realistic, and keeping more than one option on the table.

Grain bins aren't magic machines that turn patience into profit. In today's bear market, storing grain can drain margins faster than it builds them. Jon Prischman and Ryan Tungseth unpack why old storage habits aren't working, the hidden costs farmers overlook, and how to stay nimble with marketing decisions. They also cover cattle's relentless rally, the warning signs showing up in futures, and what shifting interest rate bets could mean for agriculture. From bins to beef, this episode is about avoiding traps and finding real strategies. "Hedge Heads" is your go-to podcast for cutting through the noise of the futures markets. We get down to the nitty-gritty of grain and cattle trading, with a side of equities and crude oil talk, all while keeping an eye on the latest news that affects your bottom line.    Tune in for straightforward insights and expert opinions to help you make more informed decisions on the farm or ranch. Whether you're looking to hedge your bets or get a leg up on the market trends, we've got you covered.   We are always looking for topics and questions. Send yours to [email protected]

This is a special public release of our Hedge Heads Insider content—normally reserved for subscribers. We're sharing it this week so you can see the kind of timely market analysis our insiders receive first. This week's public Insider Special covers a USDA report that will be talked about for years—a major acreage shift from soybeans to corn that's reshaping market dynamics. We break down why the change could push corn cash prices toward $2 in some areas, how it's setting up a longer-term bullish case for soybeans, and why November 2026 marketing should already be on your radar. We also look at cattle's recent volatility, key price levels to watch, and stock market signals pointing to underlying weakness despite record highs.

A middle-of-the-night Trump tweet sends soybeans higher—was it just noise, or is there more behind it? Jon Prischman and Ryan Tungseth break down why they think there could be real substance, and how to position with calls, call spreads, or futures. They also dig into low-volatility corn and why buying calls now could make marketing decisions easier later, plus a look ahead to December 2026 pricing opportunities. From interest rate cuts and a weakening dollar to oil's stubborn range and cattle's seasonal demand slide, this episode is packed with strategies to navigate a market full of singles and doubles rather than home runs. "Hedge Heads" is your go-to podcast for cutting through the noise of the futures markets. We get down to the nitty-gritty of grain and cattle trading, with a side of equities and crude oil talk, all while keeping an eye on the latest news that affects your bottom line.    Tune in for straightforward insights and expert opinions to help you make more informed decisions on the farm or ranch. Whether you're looking to hedge your bets or get a leg up on the market trends, we've got you covered.   We are always looking for topics and questions. Send yours to [email protected]

Markets feel stuck, emotions are running hot, and everyone online is shouting about yields, inflation, and why cattle "can't go down." In this episode, Jon Prischman and Ryan Tungseth step back from the noise to talk strategy. From smarter storage decisions to courage calls and interest rate trends, they explore why volatility is the new normal—and how to stop reacting and start planning. They also dig into the box beef vs. cash disconnect in cattle, what traders are missing in the rates market, and why this might be the moment to rethink everything you thought you knew about timing. Plus, a big thanks to our sponsor American Federal Bank—trusted ag partners who actually get it. If you're looking for clarity instead of chaos, this is the one to catch. "Hedge Heads" is your go-to podcast for cutting through the noise of the futures markets. We get down to the nitty-gritty of grain and cattle trading, with a side of equities and crude oil talk, all while keeping an eye on the latest news that affects your bottom line.    Tune in for straightforward insights and expert opinions to help you make more informed decisions on the farm or ranch. Whether you're looking to hedge your bets or get a leg up on the market trends, we've got you covered.   We are always looking for topics and questions. Send yours to [email protected]

Markets don't get more lopsided than this. While grain bulls are stuck in a summer-long slide with no catalyst in sight, the cattle market is charging to new highs—and even the barns can't believe it. Jon and Ryan break down why corn keeps grinding lower despite pollination problems and why the funds may have had the right trade all along. They dive deep into the cash/futures gap in live cattle, the quiet storm brewing in energy, and why re-owning grain with options has never been cheaper. From crush margins to interest rates to Twitter rumors, this episode cuts through the noise and helps you plan what's next—before the panic selling (or buying) starts. "Hedge Heads" is your go-to podcast for cutting through the noise of the futures markets. We get down to the nitty-gritty of grain and cattle trading, with a side of equities and crude oil talk, all while keeping an eye on the latest news that affects your bottom line.    Tune in for straightforward insights and expert opinions to help you make more informed decisions on the farm or ranch. Whether you're looking to hedge your bets or get a leg up on the market trends, we've got you covered.   We are always looking for topics and questions. Send yours to [email protected]

Corn prices keep sinking—even as official reports show stocks tightening. In this episode, Jon Prischman and Ryan Tungseth break down why the market seems determined to ignore the data and how producers can adapt instead of getting frustrated. They share practical ideas for working with the market you have: from timing short-dated options to planning 2026 hedges and spotting signals in spreads and basis. You'll hear why this season is so unusual, what to watch for before making moves, and how proactive strategies can add value—even when prices are stubbornly low. "Hedge Heads" is your go-to podcast for cutting through the noise of the futures markets. We get down to the nitty-gritty of grain and cattle trading, with a side of equities and crude oil talk, all while keeping an eye on the latest news that affects your bottom line.    Tune in for straightforward insights and expert opinions to help you make more informed decisions on the farm or ranch. Whether you're looking to hedge your bets or get a leg up on the market trends, we've got you covered.   We are always looking for topics and questions. Send yours to [email protected]

Blink and you missed it—grain markets finally showed some life last week, only to collapse just as fast. In this episode, Jon Prischman and Ryan Tungseth break down why the brief rally evaporated, what makes this season so unforgiving, and why many growers are still under-hedged despite historically low bean acres. They explore how insurance levels have stayed above market prices, why storing grain isn't the easy answer, and what could finally break the pattern of slow, grinding losses. Meanwhile, cattle remain the lone bright spot—cash prices keep holding strong, demand hasn't cracked, and optimism is still alive (for now). From feeder spreads to brisket economics, Jon and Ryan cover the contrast between collapsing grains and resilient beef. "Hedge Heads" is your go-to podcast for cutting through the noise of the futures markets. We get down to the nitty-gritty of grain and cattle trading, with a side of equities and crude oil talk, all while keeping an eye on the latest news that affects your bottom line.    Tune in for straightforward insights and expert opinions to help you make more informed decisions on the farm or ranch. Whether you're looking to hedge your bets or get a leg up on the market trends, we've got you covered.   We are always looking for topics and questions. Send yours to [email protected]

The June acreage report didn't blow the roof off, but sometimes the quiet numbers matter most. In this episode, Jon Prischman and Ryan Tungseth unpack why big corn acres and cheap feed could set up unexpected moves, how soybeans might still be the sleeper market everyone's ignoring, and why a sliding dollar could shake up demand faster than you think. They tackle the stubborn strength in cattle, the real story behind interest rates and operating costs, and how smart operators are already positioning for 2026 instead of waiting for the crowd to catch up. If you're ready to trade facts over feelings and find the edge in a sideways market, this is your playbook. "Hedge Heads" is your go-to podcast for cutting through the noise of the futures markets. We get down to the nitty-gritty of grain and cattle trading, with a side of equities and crude oil talk, all while keeping an eye on the latest news that affects your bottom line.    Tune in for straightforward insights and expert opinions to help you make more informed decisions on the farm or ranch. Whether you're looking to hedge your bets or get a leg up on the market trends, we've got you covered.   We are always looking for topics and questions. Send yours to [email protected]

Markets were primed for a bounce after Middle East tensions flared—but instead, grains got crushed. Corn collapsed, wheat reversed hard, and even soybeans couldn't hold gains after promising biodiesel news. In this week's Hedge Heads, Jon Prischman and Ryan Tungseth break down why commodities keep getting sold, what the funds are thinking, and where the opportunities (and traps) are hiding. They dig into the bearish setups in corn and wheat, why cattle futures might be topping, and why soybeans still deserve a second look. Plus: are strangles worth it ahead of the report, is selling calls even viable, and what's the right move when everything looks wrong? "Hedge Heads" is your go-to podcast for cutting through the noise of the futures markets. We get down to the nitty-gritty of grain and cattle trading, with a side of equities and crude oil talk, all while keeping an eye on the latest news that affects your bottom line.    Tune in for straightforward insights and expert opinions to help you make more informed decisions on the farm or ranch. Whether you're looking to hedge your bets or get a leg up on the market trends, we've got you covered.   We are always looking for topics and questions. Send yours to [email protected]

Markets are finally moving, and we're opening up this week's Hedge Heads Insider episode to everyone. Corn's grinding higher, wheat's surging, and crude oil is ripping on risk premiums. Jon and Ryan dive into what's driving it all—and what smart producers should do next. From synthetic puts to cattle price signals, this special preview offers the kind of strategy and analysis we usually reserve for Insiders. Don't miss it. "Hedge Heads" is your go-to podcast for cutting through the noise of the futures markets. We get down to the nitty-gritty of grain and cattle trading, with a side of equities and crude oil talk, all while keeping an eye on the latest news that affects your bottom line.    Tune in for straightforward insights and expert opinions to help you make more informed decisions on the farm or ranch. Whether you're looking to hedge your bets or get a leg up on the market trends, we've got you covered.   We are always looking for topics and questions. Send yours to [email protected]

This week's Hedge Heads sounds a little different—literally. With Ryan recording remotely on the road, you'll hear the hum of travel along with a no-holds-barred breakdown of market volatility. Corn continues its relentless slide, while soybeans finally caught a bid on bullish biodiesel demand. Jon and Ryan dig into what's driving the divergence, why cheap options aren't always smart buys, and what to make of wild swings in cattle, crude, and commodities at large. The audio may be bumpier—but the insights are sharp as ever. "Hedge Heads" is your go-to podcast for cutting through the noise of the futures markets. We get down to the nitty-gritty of grain and cattle trading, with a side of equities and crude oil talk, all while keeping an eye on the latest news that affects your bottom line.    Tune in for straightforward insights and expert opinions to help you make more informed decisions on the farm or ranch. Whether you're looking to hedge your bets or get a leg up on the market trends, we've got you covered.   We are always looking for topics and questions. Send yours to [email protected]

This week's grain market selloff says it all: sometimes perfect planting weather is the worst-case scenario for prices. Jon Prischman and Ryan Tungseth dig into why strong crop conditions, solid exports, and even a China meeting couldn't lift corn. With volatility low and few good hedging options, they explore what to do (and not do) in this market. They also break down how cattle are surging—with a few warnings—and why silver, platinum, and oats might be flashing opportunity in an otherwise quiet market. If you're feeling stuck, this episode is for you. "Hedge Heads" is your go-to podcast for cutting through the noise of the futures markets. We get down to the nitty-gritty of grain and cattle trading, with a side of equities and crude oil talk, all while keeping an eye on the latest news that affects your bottom line.    Tune in for straightforward insights and expert opinions to help you make more informed decisions on the farm or ranch. Whether you're looking to hedge your bets or get a leg up on the market trends, we've got you covered.   We are always looking for topics and questions. Send yours to [email protected]

In this week's episode of Hedge Heads, Jon Prischman and Ryan Tungseth dive into one of the most frustrating spring markets in years. Despite solid export data, geopolitical tension in Russia and Ukraine, and low crop condition ratings, the grain markets—especially corn—remain in a downward spiral. With momentum trading overpowering fundamentals, traders are left asking: What will it take for the market to finally turn? Jon and Ryan explore strategies for participating in a market that seems broken, from short-dated calls to seasonal spread plays. They also dive into non-grain markets like lean hogs, metals, and Bitcoin futures, and why a shift in contract sizing could open new doors for hedgers and speculators alike. If you're waiting for the market to care again—this one's for you. "Hedge Heads" is your go-to podcast for cutting through the noise of the futures markets. We get down to the nitty-gritty of grain and cattle trading, with a side of equities and crude oil talk, all while keeping an eye on the latest news that affects your bottom line.    Tune in for straightforward insights and expert opinions to help you make more informed decisions on the farm or ranch. Whether you're looking to hedge your bets or get a leg up on the market trends, we've got you covered.   We are always looking for topics and questions. Send yours to [email protected]