Market Talk Jesse Allen

We saw the grain trade struggle to close out the week on Friday with headline news of Turkey banning wheat imports until October 15th taking a bite out of the European and U.S. wheat markets. Soybeans and corn also found pressure as a sharply higher U.S. dollar acted as a significant headwind to end the week. Livestock fared a little better with solid gains in feeder cattle to close out Friday's trade.
Today, we welcome Brady Huck from Advance Trading Inc. and ATI Pro Media to the show for the first time. We take a longer look at the cattle markets and touch on the volatility in grains as well on today's show. Learn more online at https://www.advance-trading.com and watch ATI Pro Media live every weekday morning at 9am CST on YouTube here: https://youtube.com/playlist?list=PLwCNbhcAodHML3Mu_1pYsr7zeEnXaIroi&si=H3ra2haCaWePhcyC

Heavy pressure being seen on Friday in wheat with the overnight news that Turkey is banning wheat imports for a few months. Plus, heavy pressure in soybeans and corn down as well with mixed action in the livestock trade. Arlan Suderman with StoneX joins us to discuss Friday's market action.

A strong rally with shortcovering by funds in soybeans, soy products and corn led the charge on Thursday. We discuss the oversold conditions of the row crop markets, the stall in wheat markets, economic news and the livestock trade today with Bryan Doherty from Total Farm Marketing. Learn more at https://www.totalfarmmarketing.com.
Also on today's show, where might US corn, wheat, and soybean markets be headed in the next decade? Rabobank’s 10-year baseline provides insights into potential long-term trends for the major US grains and oilseeds through 2033/34. Andrick Payen, Grains and Oilseeds Analyst with Rabobank, joins Jesse Allen to discuss the latest outlook. Read more online here: https://research.rabobank.com/far/en/sectors/grains-oilseeds/balancing-act-rising-yields-export-challenges-structural-changes.html

Soybeans, soy products and corn are showing a strong rally through midday on Thursday while what is mixed and cattle is finding some pressure. We talk market action in grains, proteins and outside markets with Arlan Suderman from StoneX.

More downward momentum in the commodity and livestock trade on Wednesday as wheat led the way lower at midweek. Row crops were mixed to lower while lean hogs can't seem to find a bottom and cattle turned lower as well. We discuss charts, fundamentals and what could be happening throughout the trade today with Mike Zuzolo from Global Commodity Analytics. Learn more at https://www.globalcommresearch.com.
Also, Corteva Agriscience today announced the launch of Resicore® REV herbicide for premier pre- and postemergence corn weed control. Nick Burke, U.S. Corn Herbicides Product Manager for Corteva, joins us to share more details at the end of today's show.

Row crop markets have been fairly quiet and mixed all morning while wheat has found some pressure. We discuss grain market action along with the latest price moves and news in the fertilizer markets with Mike Castle from StoneX in today's Midday Commentary.