Hedge Heads

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...

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 grai...

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, t...

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 d...

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 fo...

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 wha...

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...

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...

On paper, this market should be rallying. Corn carryout is tight— if yields are perfect. Soybean stocks leave no margin for error. Cattle fundamentals remain strong. But none of it matters right now. This week on Hedge Heads , Jon Prischman and Ryan Tungseth unpack the disconnect between supportive numbers and relentless selling. Funds are loaded on the short side, volatility is gone, and the mark...

With 78% of corn and 66% of soybeans already planted, many are wondering: is the seasonal rally already priced in? Jon Prischman and Ryan Tungseth dig into the wet weather, early emergence, and a market that's moving in contradictory ways. They tackle why old crop corn is seeing strong demand and export news—but keeps getting sold, how soybeans could still surprise to the upside, and why cattle pr...

Welcome to a special Insider episode of Hedge Heads . Normally reserved for subscribers, we're making this one free so all y'all can hear what you've been missing. We dig into a market on edge—tight soybean carryover, huge corn exports, wheat under pressure, and a surprise May report that may have just changed the game. Jon and Ryan lay out limited-risk plays, why soybeans demand attention this su...

Markets don't usually pivot this fast—but here we are. Over the weekend, a surprise China trade breakthrough and a bullish USDA report lit a fire under grain markets. Corn and soybeans caught new life, but wheat remains stuck. Jon Prischmann and Ryan Tungseth unpack the dramatic shift, explain why courage calls are back in play, and lay out key strategies for this make-or-break marketing window. T...

Corn just went on sale—and no one knows why. With 40% of the crop planted and exports looking strong, why are prices sinking? Jon Prischman and Ryan Tungseth unpack the strange disconnection between bullish fundamentals and bearish charts. They revisit the infamous July-December corn spread, talk through risk management strategies in volatile weather windows, and weigh the potential for soybean ca...

This week on Hedge Heads , we're joined by special guest Mike, known as ThetaFarmer on X, for a deep dive into smarter farming and trading strategies. At just 28 years old, Mike brings a fresh perspective on risk management, capital efficiency, and adapting to today's volatile markets. From using put spreads to protect upside, to understanding why capital efficiency could be the most overlooked pr...

It's go-time in the field, but not in the markets. Corn is still leading on price, but the spreads aren't offering much clarity—and neither are wheat, cattle, or outside forces like the Dow. In this week's episode, Jon Prischmann and Ryan Tungseth unpack a market that looks active but isn't giving strong signals. For now, the strategy might be to watch, wait, and if you do take a shot—take profits...

Markets don't usually move like this. Front-month corn is down while back months rally. Soybeans shrug off bad news. And cattle traders are on edge as macro volatility muddies the waters. In this week's Hedge Heads episode, Jon and Ryan break down why traditional signals are breaking down—and why a strong plan might be the only tool left. They dig into the surprising strength in soybeans, what fun...

The markets broke—but we didn't. While Twitter spirals and traders panic, Jon and Ryan are back to do what they do best: find the edge in a market meltdown. From bull spreads in corn and bean calls on sale to the cattle unwind and crude's collapse, this episode unpacks what's real, what's noise, and what smart traders are watching. They dive into market divergences, explore volatility-friendly str...

The latest USDA acreage report came in as expected—but that doesn't mean the market likes it. With 95.3M corn acres projected, traders now face a tough setup: decent weather could cap rallies, and volatility remains low. Meanwhile, soybeans might be setting up for a stealth move, and wheat's historic acreage lows raise new questions for spreads. Jon and Ryan unpack all of it—plus, why courage call...

What happens when a young farmer breaks into the trading world with confidence, clarity—and a $25,000 loan from his parents? In this episode, Jon sits down with special guest ThetaFarmer , a rising voice on X, who's reshaping how the next generation approaches grain marketing. With Ryan out on vacation, the conversation dives deep into capital barriers, volatility management, and how seasoned trad...

Corn hedging strategies that worked last year are proving much more difficult in 2025. Rising costs, market volatility, and uncertainty surrounding tariffs and the upcoming USDA acreage report are making decision-making more complex. In this episode, Jon Prischman and Ryan Tungseth break down the challenges of hedging at current price levels, the potential impact of the April 2 tariff deadline, an...

This is the kind of intel you get when you subscribe to HedgeHeads Insider —real strategies, not the same old market chatter. In this preview, we break down: Fuel Prices on the Move: Is now the time to fill your tanks before diesel and unleaded take off? The Kangaroo Market: Why soybeans are bouncing all over and how to profit from the chaos. Courage Calls – A No-Brainer for Beans? We explain why...

When feeder cattle are the safest asset on the board, you know the markets are off the rails. Jon and Ryan break down market volatility, discuss shifting fund positions in corn and soybeans, and analyze the impact of outside markets like Bitcoin and crude oil. Plus, thoughts on hedging strategies for cattle producers, seasonal trends, and why early spring may be a double-edged sword. "Hedge Heads"...

The markets are messy, uncertainty is high, and hindsight is 20/20. In this episode, Jon Prischmann and Ryan Tungseth discuss the reality of trading in volatile conditions, the importance of forward-looking strategies, and how to avoid falling into the "what if" trap. From courage calls to market signals, they break down key opportunities for hedging and risk management in the months ahead. "Hedge...

This week, Jon and Ryan discuss the sudden market collapse, the impact of Trump's trade tweet, and why staying level-headed is critical. With extreme volatility in corn, options strategies are put to the test. Plus, is a government safety net on the way? Tune in for insights on risk management in uncertain times.

In this week's episode of Hedge Heads, Jon Prischmann and Ryan Tungseth tackle the wild swings in corn and cattle markets, breaking down the critical choices producers are facing. Should you hedge now or wait for weather reports and planting data? How do you navigate the complex spread signals that seem to contradict market sentiment? And what's the real story behind the record carry in March-May...