Market Talk

Another Friday, another headline out of Washington for the cattle market. Joe Kooima of Kooima Kooima Varilek Trading in Sioux Center, Iowa joins Market Talk to break down why President Trump's latest social media post on meat processing deregulation barely moved an already oversold cattle market, where the technical support levels sit for October live cattle and feeders, why the lean hog chart has gone quiet, and why fund money is pushing corn toward a run at $5.65 with wheat and soybeans following along.Also corn, wheat and soybeans closed out a powerful two week rally on Friday even as they faded into the close, while the cattle market kept sliding under the weight of headline risk and weak feedyard leverage. Brady Huck of Empower Ag Trading in Kansas joins Market Talk to walk through his December and March corn seasonal charts, explain why funds keep piling into length, and break down why the cattle market's damage may not be finished yet.We also have analysis and perspective from Mike Castle, Senior Commodities Economist at StoneX in Segment One and discuss the topic of beef on dairy and U.S./Canada trade impact on dairy in Segment Four.Mentioned in this episode:Farm RescueLearn more at https://www.farmrescue.orgFarm RescueLearn more at https://www.farmrescue.org

Wheat is surging again on Friday, pulling the soy complex higher while corn is up just a bit. Livestock are mixed to lower and the outside markets are talking about what Fed Chair Kevin Warsh had to say this morning in Jackson Hole. Mike Castle, Senior Commodities Economist at StoneX, joins us to discuss in our Market Talk Midday Commentary.Mentioned in this episode:Farm RescueLearn more at https://www.farmrescue.org

Wheat extended its rally Thursday while corn cooled slightly after a big August run. Bryan Doherty, Senior Market Advisor at Total Farm Marketing, joins Market Talk to break down what's driving the grain complex, walks through long ratio call and put spread strategies, and shares his read on cattle, hogs, and dairy amid beef import plan uncertainty. Find more online at https://www.totalfarmmarketing.com.Also on today's show: specialty buying, short covering and some bargain hunting are adding another layer to this week’s cattle trade. But the big surprise came in the cash market, as the North blinked first while the South continues to hold out. On this week’s Cattle Chatter, Brad Kooima with Kooima Kooima Varilek breaks down why it was so unusual to see Northern cattle trade ahead of the Southern market and what that could mean for cattle producers. Brad also looks at plant closures, including Joslin, and how changes in processing capacity can work their way back into the cash cattle market. We also take a look at the border reopening this week, comparing cattle and futures prices from May 11, 2025, with where the market stands this week.Mentioned in this episode:Farm RescueLearn more at https://www.farmrescue.orgFarm RescueLearn more at https://www.farmrescue.org

Grain markets cooled the rally a bit on Wednesday while the outside markets are watching this week's Jackson Hole meeting and what the Fed Chair will say tomorrow. Mike Castle, Senior Commodities Economist at StoneX, joins us to discuss in our Midday Commentary.Mentioned in this episode:Farm RescueLearn more at https://www.farmrescue.org

Wheat exploded to the upside Wednesday, pulling corn and soybeans along for the ride, as reports of escalating tension in the Russia-Ukraine war rattled the grain complex. Mike Zuzolo of Global Commodity Analytics joins Market Talk to break down whether this is shaping up like 2022 again, why algorithmic trading keeps amplifying the volatility, and what a $100 crude oil market would mean for wheat prices. Plus, corn's path to a $6 handle, tightening Ukraine soil moisture, the U.S.-Canada ethanol tariff standoff, and how the fallout from President Trump's beef import plan is hitting cash cattle prices by $250 to $500 a head.Mike Zuzolo will also be speaking at a market outlook seminar hosted by three area farm bureaus in Colona, Illinois, near the Quad Cities, on September 10. Learn more and find his research at https://globalcommresearch.com.Mentioned in this episode:Farm RescueLearn more at https://www.farmrescue.orgFarm RescueLearn more at https://www.farmrescue.org

We saw the corn and soybean markets rally on Tuesday while the cattle complex continued to struggle amid headline news and more. On today's Market Talk, we get analysis and perspective on the grain markets and managing your marketing with Kristi Van Ahn-Kjeseth with Van Ahn & Company in Segment Two.Later in the show, we take a deep dive into the cattle market struggles and talk charts, sentiment and more with Tyler Schau from AgMarket.net. He also gives us his thoughts on feed costs, energy prices and the recent rallies in the grain complex. We also begin the show with some thoughts from Tuesday's Midday Commentary with Mike Castle at StoneX.Mentioned in this episode:AgMarket.netLearn more online at https://www.agmarket.net.Farm RescueLearn more at https://www.farmrescue.org

Grain markets are showing some support on Tuesday with corn holding strong an soybeans rallying. Meantime, the cattle market is under more pressure and the outside markets are watching policy moves and more. Mike Castle, Senior Commodities Economist at StoneX, joins us to discuss in our Market Talk Midday Commentary.

Corn closed higher for a fourth straight session on Monday while soybeans were under pressure. Meantime, the cattle complex was under heavy pressure to start the week. We break down the markets with Mike Minor from Professional Ag Marketing and John Heinberg from Total Farm Marketing on today's show. And, Eric Snodgrass, Senior Science Fellow and Principal Atmospheric Scientist at Nutrien Ag Solutions, joins Market Talk for his weekly weather update. This week: what stagnant July winds may have meant for corn pollination and the disappointing Pro Farmer Crop Tour results, why this year's El Nino is already outpacing 1997 and 2015, what a quiet Atlantic hurricane season means for the flash drought in Texas, how South America's planting calendar could get pushed back two to three weeks, and why Europe's broken drought is bringing flooding rain instead of relief.

Corn is higher while soybeans are under pressure on Monday. Mike Castle, Senior Commodities Economist at StoneX, joins us to discuss the early week headline news and more that is impacting the market trade.

President Trump's Truth Social announcement allowing up to 300,000 metric tons of product for ground beef to be imported tariff-free over the next 90 days sent cattle futures sharply lower Friday morning. We dive into this news and the impact on the markets with Scott Varilek from Kooima Kooima Varilek in Segment Two followed by reaction and a conversation with Senator Mike Rounds (R-SD) in Segment Three. We also get a recap of the latest Cattle on Feed Report from Kyle Bumsted with Allendale in Segment Four. And, we get it all started with a bit of our conversation recapping this week's crop tour with Ted Seifried from Zaner Ag Hedge in Segment One. Watch that full interview here: https://youtu.be/wcvv42g83N8

ONLINE EXCLUSIVE: This conversation is available exclusively here on Market Talk's digital channels. Grain markets have rallied hard over the past two weeks, and Nick Lawrence of TraderPHD joins Market Talk to break down what's really behind the move. Nick walks through why USDA's August WASDE yield cut caught more analysts off guard than expected, how this year's crop tour largely confirmed the smaller crop, and why corn and soybean stocks-to-use ratios are trending tighter than they have in years.

President Trump announced on Friday that he has reached a deal to lower beef prices for consumers and that news has sent volatility into the cattle markets. Arlan Suderman with StoneX joins us to discuss that, a quiet Friday in the grain markets and more in our Market Talk Midday Commentary.

Corn posted new contract highs this week on its continued rally and Bryan Doherty, Senior Market Advisor at Total Farm Marketing, joins Market Talk to break down what's driving it. Bryan walks through tightening carryout numbers following a disappointing Pro Farmer Crop Tour showing in Illinois, why end users haven't fully chased the market yet, and how Black Sea shipping uncertainty is putting a floor under the wheat complex. He also continues our series on futures and options strategies discussing a fence strategy, then wraps with an update on the cattle and dairy markets ahead of Friday's Cattle on Feed report. Also on today's show, are we not killing enough cattle—and are producers starting to lose their leverage? On this week's Cattle Chatter, Brad Kooima with Kooima Kooima Varilek breaks down a cattle market full of moving pieces. Tyson plants are going offline, Ft. Morgan is coming back online, and boxed beef is showing some movement. Meanwhile, the charts have been a wreck, the cash market is trying to firm, and Kansas has now joined Colorado and Texas in going "confidential" on USDA cash cattle reporting, citing thin trading volume.

Markets are mixed at midday Thursday as we continue to try and rally in the grain complex this week. Arlan Suderman with StoneX joins us to discuss the rally, the. tightening balance sheets, Treasury buybacks and more.

Mike Zuzolo of Global Commodity Analytics joins Market Talk to break down a grain market that's starting to echo 2022. He and host Jesse Allen dig into the Midwest crop tour's surprising soybean pod count data out of Indiana and Nebraska, a near-total collapse in Black Sea grain shipping capacity, why Paris corn futures are the chart to watch, and what a razor-thin global stocks-to-use ratio means for corn's next move. They also cover the cattle market's reaction to the Tyson plant closures and a feeder-to-corn ratio flashing a tightening supply signal. Learn more at https://www.globalcommresearch.com. Also on today's show, Gabby Bourret-Sicotte, Chief Evangelist and Head of Customer Solutions for satellite ag-intelligence firm Treefera, joins Market Talk to break down why her company is holding its U.S. corn yield estimate steady even after USDA's August WASDE report cut its own number. We also cover how Treefera's dashboard helps traders and farmers manage risk across multiple global storylines at once, what a forecasted "Super El Nino" could mean for cocoa and coffee in 2026-27, and why a widening wheat supply squeeze in the U.S. and Europe has Treefera advising some growers to switch varieties. Learn more about Treefera: https://treefera.com

Grains are rallying again on Wednesday while livestock are showing pressure, particularly in cattle. Arlan Suderman with StoneX joined us to discuss in our Market Talk Midday Commentary for Wednesday, August 19th, 2026.

On today's show, Matt Bennett of AgMarket.net joins Market Talk to break down a mixed Tuesday session in the grains, why the corn market seems to want proof before it rallies despite a tightening balance sheet, and what's ahead for acreage, fertilizer decisions, and the cattle market following recent beef plant news. Find more online at https://www.agmarket.net. We also begin with news headlines including more perspective on the Tyson news and thoughts on the grain market volatility and impacts on cash basis in Segment One. Then in Segment Two, we hear from Mike Castle, Senior Commodities Economist at StoneX, who joined us for Tuesday's Midday Commentary to discuss grain market action, fertilizer prices and the outside markets he is watching this week.

On Monday's episode of Market Talk, Mike Minor of Professional Ag Marketing kicks things off to unpack Monday's soybean-led rally, driven by strong export inspections and continued Chinese buying for the new crop. Plus: cattle and hogs continue to digest the Tyson plant closure news, and Mike shares what he's watching on basis heading into harvest. In Segment Two, we get a look at the weather forecast for the week ahead including a recap of flooding, severe weather and drought with Eric Snodgrass from Nutrien Ag Solutions. Find more at https://www.agweather.com. And then, John Heinberg of Total Farm Marketing joins Market Talk to break down Monday's action across the grain and livestock complex. Soybeans led the way, closing above the May high and opening the door to a possible run at July highs, while corn stayed caught between beans and wheat just under the key $4.92 resistance level. John also digs into last week's Commitment of Traders data, where funds were net sellers of the core ags but massive buyers of sugar, coffee, and cotton — a pattern he ties to possible El Niño weather premium building for Brazil's next growing season. Plus: cattle and hogs react to the fallout from Tyson's plant closures, and John shares his marketing advice for producers heading into harvest.

Soybeans were the star at midday on Monday while the rest of the markets were mixed. Arlan Suderman with StoneX joined us for our Midday Commentary on Monday, August 17th, 2026.

Joe Kooima of Kooima Kooima Varilek in Sioux Center, Iowa joins Market Talk on Friday to break down a rough end of the week in the cattle complex after Tyson Foods announced it is closing two beef facilities, including the Joslin, Illinois plant, and looking to sell a third. Joe explains why this round of consolidation does not feel like the last two, what the loss of open interest is telling him about who is left in the cattle market, and why packer margins recovered almost overnight. He also looks at a stagnant hog market, the surprise corn yield cut in Wednesday's WASDE report, and the weather risk building west of the I-29 corridor. Brady Huck of Empower Ag Trading in Kansas also joins Market Talk to unpack a Friday that pulled the cattle and grain markets in opposite directions. On the cattle side, Tyson Foods announced it is closing the Joslin, Illinois plant and a case-ready facility in Utah while looking to sell Pasco, Washington. Brady walks through why the market still lacks conviction, why the boxed beef cutout is the number that has to move first, and what the chuck and the round have to do with any rally. On the grain side the tone flips. A supportive WASDE report, a national corn yield cut, Black Sea headlines and a wheat market making a run at eight dollars have given the bulls multiple stories to work with. Brady lays out what tight world stocks-to-use means going forward, and how producers should think about rewarding this rally without over-committing bushels they may not raise.

Wheat is rallying on more Black Sea tensions while the cattle complex is under pressure Friday from the news of Tyson Foods closing facilities in Illinois and Utah. Arlan Suderman, Chief Commodities Economist at StoneX, joins us to discuss in our Midday Commentary for Friday, August 14th, 2026.

Corn carryout is narrowing on both old crop and new crop and the resulting stocks-to-use figure is the tightest in four years. Bryan Doherty, Senior Market Advisor at Total Farm Marketing, joins Market Talk the day after the August WASDE to break down a 180.7 bushel national corn yield, the wide gap between the I-states and a drought-stressed western Corn Belt, and why he thinks 2027 sets up as a must-have crop year. Bryan also continues our lesson series built on Total Farm Marketing's special report, 12 Option Strategies for an Uncertain World, walking through the bull call spread and the bear put spread and when each one fits a producer's marketing plan. On this week's Cattle Chatter, brought to you by Zoetis, Brad Kooima with Kooima Kooima Varilek breaks down the latest slaughter numbers while looking at the impact of extreme heat, dry pastures and an uptick in video cattle sales. Was last week's cash cattle trade actually cattle purchased for deferred delivery? As Labor Day approaches, the focus turns to beef demand and boxed beef movement. How does the market get the boxes turned, and what will it take to keep product moving as we look beyond the holiday and into the fall? We also begin the program today with market analysis and perspective from Sue Martin with Ag & Investments in Clarion, IA during Segment One of Thursday's show.

More Black Sea headlines, continued reaction to the August WASDE Report and a down day in livestock are all top of mind in Thursday's trade. Arlan Suderman, Chief Commodities Economist at StoneX, joins us to discuss the market trade, new PPI data and more in our Market Talk Midday Commentary.

Mike Zuzolo of Global Commodity Analytics joins Jesse Allen on Market Talk for a full breakdown of the August 2026 WASDE and Crop Production reports. USDA pegged corn yield at 180.7 bushels per acre and soybeans at 52.7, both under the average trade estimate, while adding more than a million acres of harvested area to each crop. Zuzolo's own client survey, released the night before, had corn at 181.0 and beans at 52.7. We cover the USDA modeling change that pulled the agency's numbers in line with private survey work, why Illinois and the western Corn Belt did the damage, the same-day subsoil moisture picture, new-crop corn carryout at 1.653 billion bushels, the deleted USDA tweet and the transparency questions that followed, Black Sea shipping and the rumor that pulled risk premium out of wheat, the feeder-corn ratio, USDA's 2.7 percent cut to third quarter beef production, and the cattle-to-S&P correlation flip. Also in Segment Four, we learn about Bayer's new exclusive licensing agreement with RAGT to bring hybrid wheat into commercialization by the early 2030s. Dr. Francis Beecher with Bayer joins us to discuss on the show.

Corn and soybean yields came in a bit lower than analyst expectations while harvested area for both crops came in higher according to USDA's August World Agricultural Supply and Demand Estimates report out on Wednesday. Arlan Suderman, Chief Commodities Economist at StoneX, joins us for analysis and reaction in our Midday Commentary.

Soybeans and wheat led the grains lower Tuesday as traders squared up positions ahead of Wednesday's August WASDE report, while corn held within a penny and cattle and hogs finished mixed. Jacob Burks of AgMarket.net joins Jesse to recap the trade — from the corn yield debate (188 last year vs. an expected ~182 this year) and a wet August forecast weighing on beans, to China's soybean purchase pace ahead of a proposed Trump-Xi meeting, Kansas' smallest winter wheat harvest in nearly 70 years, sluggish pork exports, and a cattle market that feels like it wants to go lower. Also in Segment Two, we talk more broadly about the economy, inflation, USMCA and more with Ben Johnston, COO of Kapitus. He joins us for a big picture look at the overall economy and what it means for agriculture on today's show.

Markets were mixed to lower at midday Tuesday as it appeared traders were positioning ahead of the August WASDE Report out on Wednesday from USDA. Arlan Suderman with StoneX joins us to discuss in our Midday Commentary.

On Monday's show, we talk weather for the week ahead with Eric Snodgrass from Nutrien Ag Solutions followed by a recap of last week's Professional Ag Marketing annual crop tour and a look at the markets with Mike Minor. Then, we talk market action and get perspective on yield estimates, weather, risk management and more with John Heinberg from Total Farm Marketing to close the show.

On Friday's Market Talk, we start the show with Mike Castle, senior commodities economist at StoneX, to break down a rebound in grains to close out the first week of August. Mike explains why the wheat rally tied to Black Sea escalation between Russia and Ukraine has more room to run. He also details a massive week of new-crop soybean flash sales to China and shares a look at the fertilizer complex, where sulfur and ammonia supply disruptions tied to the Strait of Hormuz are already forcing plant closures, including a fresh announcement in Europe this week. In Segment Two, Susan Littlefield joins us to share a broad market conversation with Heather Ramsey from The ARC Group as they look at the markets after the first week of August. Then, Scott Varilek of Kooima Kooima Varilek joins Friday's show to break down a volatile first week of August in the cattle complex. Scott discusses the stalled recovery in live cattle, why packer interest picked up briefly near $235-236, and why he expects late August and September to bring tougher trade. He also digs into early signs of heifer retention after years of talk without much movement, why packer margins could shift leverage back in their favor, and why lean hogs have struggled to capitalize on record beef demand.

On Thursday we saw corn and soybeans quietly higher, wheat, cattle, and hogs all lower. We start the show in Segment One with analysis from our Midday Commentary with Mike Castle, Senior Commodities Economist at StoneX. Then, it's a new episode of Cattle Chatter with Susan Littlefield as she talks with Brad Kooima from Kooima Kooima Varilek, who breaks down the ongoing volatility, including the lack of open interest and the challenges facing the market. He also discusses the uncertainty surrounding the Fort Morgan plant, dry pastures across parts of the West while other areas are finally receiving rain, and what those conditions could mean for cattle supplies. Then we talk with Bryan Doherty from Total Farm Marketing who discusses why corn may be closer to a breakdown than it looks, what next week's WASDE and FSA numbers could mean for direction, why the stock market rally isn't translating cleanly to livestock, and why he can't find a convincing bearish case for wheat right now. Later, Bryan continues his ongoing options strategy series with a breakdown of short call and short put options — what they are, how they work, and why they can be powerful tools for producers and end users alike.

Grain markets stayed mixed and quiet on Wednesday, with corn and beans slipping while wheat found a bid. DuWayne Bosse of Bolt Marketing joins Market Talk to dig into what's driving the action heading into harvest season — starting with the "great yield debate" now underway between analyst estimates and on-the-ground crop conditions across Iowa, Illinois, North Dakota, and South Dakota. He also covers the state of China's soybean purchase pace against its 25-million-metric-ton commitment, why the Black Sea wheat story could be a bigger deal moving forward, and where cattle stand after a brutal July. Corn and grain markets sat quiet on Wednesday, but the real action was happening in the outside markets. Tommy Grisafi of Nesvick Trading and AgBull Media joins Market Talk to break down a massive stock market rally, gold's $150 surge, crude oil's sharp two-day slide, and what it all means for farmers watching their 401(k)s and their basis alike.

We saw the grain markets under pressure on Tuesday with soybeans as the downside leader while cattle rallied let session led by the feeder complex. Could we be finding a bottom in the cattle trade to start August? That's one of many topics we cover with Brian Splitt from AgMarket.net on today's show. In Segment One, we also listen back to our Midday Commentary with Katy Doumit from StoneX who has thoughts on the crop condition ratings for grains and some perspective on the cattle trade as well. We close the show with news headlines in Segment Four.

On Monday's show, we talk markets with Mike Minor from Professional Ag Marketing in Segment One followed by weather with Eric Snodgrass in Segment Two. Then we get analysis and perspective from John Heinberg with Total Farm Marketing later in the show.

For Monday's Midday Commentary, we get a breakdown of the livestock complex with Katy Doumit from StoneX as she talks with our own Susan Littlefield.

We get Friday's show started to close out July with market analysis and perspective from Mike Castle, Senior Commodities Economist at StoneX. In Segment Two, we discuss the week in the cattle and hog markets and get perspective from Joe Kooima with Kooima Kooima Varilek. Then we spend the rest of the show talking about a wild month of market volatility and look at the ag economy with Chad Hart from Iowa State University.

Wheat was under pressure again on Friday with mixed action elsewhere. Mike Castle, Senior Commodities Economist with StoneX, joins us to break down the week and the end of the month trade action in grains, livestock and the macro markets.

On Thursday's show, we talk market action in Segment One with Darren Frye from Water Street Solutions followed by a new episode of Cattle Chatter with Susan Littlefield and Joe Kooima from KKV Trading in Segment Two. Then we talk markets, long call option basics and more with Bryan Doherty from Total Farm Marketing to finish out the show.

Wednesday on Market Talk we sit down with Mike Zuzolo, president of Global Commodity Analytics, to unpack a volatile midweek session — soybeans and corn lower, wheat mixed, cattle higher, and the Fed holding rates steady. Mike breaks down the ruble's slide against the dollar, fresh sanctions on Russia and Iran, an intense 24 hours of military escalation, why soybeans are giving back ground faster than corn, what the weather models mean for national yield, key technical levels in soybeans and December corn, and why he still sees feeder cattle as the market's leader heading into the border reopening. We also get price perspective from Mike Castle, Senior Commodities Economist at StoneX, in Segment One and talk more broadly about the ag economy situation including upcoming ARC/PLC payments, soybean crush margins and more with David Widmar from Agricultural Economic Insights in Segment Two.

Tyler Schau of AgMarket.net joins Market Talk to break down the cattle market's rebound after Monday's sell-off, what Friday's Cattle on Feed and Inventory reports really showed and why the Douglas, Arizona border reopening rattled deferred cattle contracts. Plus: extreme heat impacts on Kansas feedyards, boxed beef seasonality heading into Labor Day, and a full grain market rundown as corn, spring wheat, canola and soybeans all face a critical weather stretch through August.

Tyler Schau of AgMarket.net joins Market Talk to break down the cattle market's rebound after Monday's sell-off, what Friday's Cattle on Feed and Inventory reports really showed and why the Douglas, Arizona border reopening rattled deferred cattle contracts. Plus: extreme heat impacts on Kansas feedyards, boxed beef seasonality heading into Labor Day, and a full grain market rundown as corn, spring wheat, canola and soybeans all face a critical weather stretch through August.

Tyler Schau of AgMarket.net joins Market Talk to break down the cattle market's rebound after Monday's sell-off, what Friday's Cattle on Feed and Inventory reports really showed and why the Douglas, Arizona border reopening rattled deferred cattle contracts. Plus: extreme heat impacts on Kansas feedyards, boxed beef seasonality heading into Labor Day, and a full grain market rundown as corn, spring wheat, canola and soybeans all face a critical weather stretch through August.

Grain and livestock markets are showing a bit of a rebound in Tuesday trade. We talk about it with Arlan Suderman, Chief Commodities Economist at StoneX.

A rough Monday across ag commodities — soybeans led grain losses, cattle futures got hit hard, and the pressure spilled into hogs and outside markets. Mike Minor of Professional Ag Marketing joins Market Talk to break down the "big three" (plus a new fourth factor) driving the selloff, what USDA's phased reopening of the southern border means for cattle imports from Mexico and why producers shouldn't panic-sell into a rough day. Find more at https://www.professionalagmarketing.com. As we finish out July, many areas of the U.S. are dealing with extreme heat and humidity for a few days to start the week. What is the outlook for later this week and into the month of August? Eric Snodgrass with Nutrien Ag Solutions joins us to discuss in our Weekly Weather Update for Monday, July 27th, 2026. More at https://www.agweather.com. We also close out the show and hear a Monday market conversation between Susan Littlefield and Jim McCormick from AgMarket.net in Segment Four.

Heavy pressure is seen across grains, livestock and outside markets to start the week on Monday. We talk about it with Arlan Suderman, Chief Commodities Economist at StoneX, in our Market Talk Midday Commentary.

On Friday's episode of Market Talk, we are sharing the recent Markets in Motion: What's Shaping Ag Prices in the Year Ahead panel from the recent NAFB Summer Showcase event held at the American Royal in Kansas City on July 16th. The panel featured Arlan Suderman, Chief Commodities Economist, StoneX Group; Mark Hobrock, Sr. Vice President, The Andersons; and Mike Zuzolo, President and Owner, Global Commodity Analytics. We will hear that in Segments Two, Three and Four today. We also start the show with thoughts on the midsummer dairy market outlook as Susan Littlefield recently sat down with Shawn Hackett from Hackett Financial Advisors. That gets the show started today in Segment One of Market Talk.

On today's episode of Market Talk, we have this week's Cattle Chatter with Susan Littlefield as she talks with Joe Kooima from Kooima Kooima Varilek in Segment Two and we also have analysis from Bryan Doherty with Total Farm Marketing in Segment Three.

More volatility is being seen in Thursday's market trade across grains and livestock. We talk through the trade moves and get perspective from Arlan Suderman, Chief Commodities Economist at StoneX in our Midday Commentary.

Wheat led another strong session higher Wednesday after Russia announced an overnight shipping ban at Novorossiysk, its largest Black Sea port — while crude oil and soybean oil rallied right alongside it. Mike Zuzolo of Global Commodity Analytics joins Market Talk to break down why this move feels less like a weather market and more like the early days of the 2022 invasion, plus a rough session for cattle and feeders ahead of Friday's Cattle on Feed report. Also in Segment One, we hear our Midday Commentary from Wednesday with Arlan Suderman at StoneX and news headlines to end the show in Segment Four.

Wheat led the grain complex higher Tuesday, but the real story is the growing gap between official crop ratings and what agronomists are seeing in the field. Jim McCormick of AgMarket.net joins us today to break down corn and soybean yield uncertainty, the China tariff standoff, new tensions with Canada, and his advice for producers heading into fall marketing decisions. We also touch on the pullback in the cattle market and the economy at the end. Find more online by visiting https://www.agmarket.net.

Crops are looking solid across much of the Midwest, despite heat stress and wildfire smoke in the Great Lakes area. Soybeans rallied again on more Chinese demand business while corn and wheat were mixed and cattle ended their long losing streak with higher futures on Monday. Mike Minor with Professional Ag Marketing joins us to discuss on one of today's interviews. We also hear from John Heinberg with Total Farm Marketing who joins us for analysis and perspective. There are also numerous weather factors being watched right now across the U.S. including wildfire smoke impacts in the Upper Midwest and Great Lakes, extreme heat continuing across some areas, severe weather potential and even activity in the Gulf. Eric Snodgrass with Nutrien Ag Solutions joins us to discuss on our Weekly Weather Update. Find more at https://www.agweather.com.