Hedge Heads

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 behaving differently than it has the last two years. The conversation covers the key corn price levels prod...

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 numbers could mean for corn, and why weather is now firmly back in the driver's seat. They also discuss w...

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 break down why this report carries so much weight, what acreage shifts could mean for carryout project...

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 question: "Is there a better way?" From storage economics to alternative hedging strategies, they explore how...

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 Tungseth discuss what could have been done during the rally, why timing has become one of the biggest c...

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 Prischmann and Ryan Tungseth break down why corn, soybeans, and wheat are struggling despite bullish outside-...

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 mistake. They break down the key differences already showing up across the western Corn Belt, including exp...

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 geopolitical tension all colliding at once. The problem? Fundamentals still don't fully support the rally. S...

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 d...

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...

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 Prisc...

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 opportunit...

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 rel...

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...

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 vola...

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 eff...

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...

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 spotlig...

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...

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...

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 que...

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 st...

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 importa...

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 e...

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 marg...