Market Talk Jesse Allen

After nine consecutive sessions lower, wheat markets rallied on Tuesday finding solid support while row crops and livestock were quiet to lower on the day. Matt Bennett with AgMarket.net joins us today to provide his perspective on the markets and we look ahead to the June WASDE report out from USDA on Wednesday. Learn more at https://www.agmarket.net.
On today's show we also hear our Midday Commentary from Tuesday with Arlan Suderman of StoneX and look at news headlines, led by the Senate GOP releasing their Farm Bill framework on Tuesday.

Wheat is posting a solid rally so far on Tuesday while it's mixed elsewhere in row crops and livestock. Arlan Suderman, Chief Commodities Economist at StoneX, joins us to discuss the wheat rally, the two-day Federal Reserve meeting starting and more in our Midday Commentary today.

We saw row crops quiet on Monday with some strength in corn and soybeans while the wheat trade was down sharply for the ninth consecutive session. Meantime, the cattle market got off to a great start for the week. We discuss Monday's market action and get perspective from John Heinberg with Total Farm Marketing. More online by visiting their website at https://www.totalfarmmarketing.com.
The forecast is calling for heat to move into parts of the Corn Belt this week and weekend. The big question, how long does it last? We get the latest details on the weather for the week ahead in the U.S. and talk about the latest in other key growing areas like South America and the Black Sea. Eric Snodgrass with Nutrien joins us to discuss. More at https://www.ag-wx.com.
***Disclaimer: Today’s conversation recorded ahead of the closing bell and is intended to be a broad overview of Monday market action.***

Row crops are mixed, wheat under more pressure and cattle are trading substantially higher. We discuss the early week market action, the impact of European Union elections on the markets, this week's Federal Reserve meeting and more with Arlan Suderman, Chief Commodities Economist at StoneX.

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.