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 fast. Because this isn't a market that rewards hesitation. "Hedge Heads" is your go-to podcast for ...
Apr 21, 2025•16 min
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 fund movement is telling us about market psychology, and whether the current cattle dip is just nerves ...
Apr 14, 2025•24 min
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 strategies, and even revisit platinum and interest rates. It's not all doom and gloom—unless you hate o...
Apr 07, 2025•51 min
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 calls are back on the board, how to prep for short summer windows, and what planning now can do for your...
Mar 31, 2025•25 min
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 traders can learn from the younger crowd's adaptability. From implied volatility to ethanol policy uncer...
Mar 26, 2025•48 min
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, and what early planting conditions suggest for the season ahead. They also discuss why soybeans may ha...
Mar 17, 2025•35 min
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 this setup might be the best we've seen in years. Want more in-depth market updates and strategies? S...
Mar 13, 2025•12 min
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" is your go-to podcast for cutting through the noise of the futures markets. We get down to the nitt...
Mar 10, 2025•35 min
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 Heads" is your go-to podcast for cutting through the noise of the futures markets. We get down to t...
Mar 06, 2025•25 min
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.
Mar 03, 2025•17 min
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 corn? Jon and Ryan dig deep into the strategies that work and the psychology traps to avoid. Plus, t...
Feb 24, 2025•41 min
In this solo episode, Jon Prischman dives into the latest commodity market trends while Ryan enjoys some Arizona sun. Topics include new crop corn strategies, the impact of acreage reports, seasonal market trends, and key hedging considerations for grain and cattle producers. Jon also breaks down wheat market dynamics, energy price trends, and how traders can approach this volatile season "Hedge Heads" is your go-to podcast for cutting through the noise of the futures markets. We get down to the...
Feb 18, 2025•22 min
In this episode, Jon and Ryan dive into the latest market trends, including the seasonal patterns in live cattle, the complexity of hedging options, and what to watch for in grains ahead of the upcoming USDA report. They break down the challenges of protecting profitability in a volatile market and discuss strategies to manage risk effectively. "Hedge Heads" is your go-to podcast for cutting through the noise of the futures markets. We get down to the nitty-gritty of grain and cattle trading, wi...
Feb 10, 2025•22 min
Volatility can be an opportunity—or a disaster—depending on how you trade it. In this episode of Hedge Heads , Jon Prischmann and Ryan Tungseth break down what's moving the markets, how to execute the right trades, and why order selection matters more than ever. Markets aren't trending cleanly, news is shifting fast, and traders are struggling to find their footing. We dive into the difference between market and limit orders, the role of stops in volatile conditions, and the psychology behind wh...
Feb 03, 2025•31 min
Could a tech market shakeup rattle commodity prices? Jon and Ryan break down why funds fleeing tech could matter to your grain marketing plan. Plus: tackling tough old crop decisions, navigating March-May spreads, and why those narrowing corn-wheat spreads might be sending us a signal. "Hedge Heads" is your go-to podcast for cutting through the noise of the futures markets. We get down to the nitty-gritty of grain and cattle trading, with a side of equities and crude oil talk, all while keeping ...
Jan 27, 2025•29 min
Timing is everything - and Jon and Ryan are breaking down the hidden market relationships that could shape your spring strategy. From spread opportunities to option plays, get actionable insights for what's ahead. Plus: Breaking news about exciting new HedgeHeads features you won't want to miss! "Hedge Heads" is your go-to podcast for cutting through the noise of the futures markets. We get down to the nitty-gritty of grain and cattle trading, with a side of equities and crude oil talk, all whil...
Jan 20, 2025•33 min
Jon and Ryan discuss the implications of a record-breaking USDA report that dramatically shifted the corn market outlook. They explore why market structure doesn't match the bullish numbers, examine strategic marketing approaches for 2025 crops, and analyze how upcoming political changes could impact agricultural markets. "Hedge Heads" is your go-to podcast for cutting through the noise of the futures markets. We get down to the nitty-gritty of grain and cattle trading, with a side of equities a...
Jan 13, 2025•33 min
Don't let the casual start fool you - this episode builds into an essential pre-USDA report strategy session. Get specific plays for Friday's report, including why butterfly spreads might be your best corn trade and how to use short-dated options in this low volatility environment. Jon and Ryan break down why current corn spreads are telling a different story than flat price, what's really happening with cattle markets at these highs, and why bean market positioning matters more than ever. Plus,...
Jan 07, 2025•52 min
Jon and Ryan break down the crucial end-of-year decision between paying for storage and exploring market alternatives. Learn how to evaluate storage costs against option premiums, understand when traditional storage might be eating into profits, and discover strategies for maintaining upside potential while managing costs. "Hedge Heads" is your go-to podcast for cutting through the noise of the futures markets. We get down to the nitty-gritty of grain and cattle trading, with a side of equities ...
Dec 23, 2024•40 min
In this eye-opening episode, Jon Prischmann and Ryan Tungseth dive deep into why current grain market calm might be deceiving, with a particular focus on corn's unusually low volatility. The hosts break down why March corn options could be significantly underestimating the potential for major moves ahead, especially with looming political transitions and South American weather uncertainty. The conversation explores why traditional "lock it in" hedging approaches at current price levels might be ...
Dec 17, 2024•41 min
In this episode, Jon Prischmann and Ryan Tungseth analyze the shocking December USDA report that cut corn ending stocks by 200 million bushels. They explore why this unusual December adjustment might signal more changes ahead and discuss specific hedging strategies for 2025 corn and soybeans. The hosts also examine the current strength in livestock markets, sharing insights on both cattle and hog futures, while introducing their new "saying of the week" feature: "Never sell a creeper." "Hedge He...
Dec 11, 2024•35 min
In this episode, Jon Prischmann and Ryan Tungseth tackle the deceptively calm grain markets, where unusually low implied volatility masks significant risks ahead. With record-breaking South American weather, upcoming political transitions, and unprecedented spread patterns in corn and cattle markets, the hosts explain why this period of apparent calm might be the worst time to sell options. They dive deep into current hedging strategies, exploring why simple put purchases might make more sense t...
Dec 04, 2024•49 min
Join hosts Jon Prischmann and Ryan Tungseth as they examine how investment funds are pouring money into meat markets while cryptocurrency wealth reshapes traditional commodity trading. While the hosts analyze warning signs in cattle markets and discuss practical hedging strategies in this evolving environment, they also explore how everything from Bitcoin to commodity futures seems strangely connected in today's markets. Between serious analysis of Mexican screw worm headlines and predictions ab...
Nov 27, 2024•48 min
In this episode, Ryan and Jon analyze the dramatic shift in fund positioning in corn markets, where funds have flipped from being short 350,000 contracts to now being long 100,000-120,000 contracts. They discuss the implications for hedging strategies, South American weather impacts, and the challenges of navigating current market conditions including cattle markets, inflation buying, and political uncertainties. The hosts also explore the psychology of put options and share insights on timing m...
Nov 20, 2024•35 min
In this episode of Hedgeheads, Ryan Tungseth and Jon Prischmann tackle the perplexing state of commodity markets following recent political developments. The hosts break down why traditional market indicators aren't behaving as expected, from corn spreads to cattle futures. They discuss how South American weather patterns, potential trade policies, and fund positioning are creating one of the most challenging trading environments they've encountered. Despite hopes for post-election clarity, the ...
Nov 13, 2024•34 min
Tired of chasing hot market signals and dreaming of beach-side algorithmic trading? In this eye-opening episode, Ryan and Jon break down the three essential market indicators that serious traders can't ignore: spreads, national basis, and commitment of traders. While everyone else is hunting for the perfect trading algorithm, discover why experience and grit still trump automation in commodity markets. Plus, learn why this year's corn market is showing surprisingly normal patterns (for the first...
Nov 06, 2024•33 min
In this eye-opening episode of Hedge Heads, hosts Ryan Tungseth and Jon Prischmann dive into unexpected developments in the corn market, where unusual global demand patterns are challenging bearish assumptions. The hosts break down why South Korea, Mexico, and other countries are aggressively buying U.S. corn, and what this could mean for prices. They offer practical insights on storage decisions, comparing traditional elevator storage costs against alternative strategies that could save farmers...
Nov 01, 2024•43 min
In this episode of Hedgeheads, Ryan and Jon dive into the confusing market dynamics of October 2024, discussing the surprising surge in gold and silver, monster corn yields across the country, and the potential impact of upcoming elections on commodity markets. They explore the peculiar phenomenon of rising commodity prices alongside a strengthening dollar, while examining signs of possible stagflation. The hosts share practical hedging strategies for navigating these uncertain times and offer i...
Oct 22, 2024•31 min
Join Ryan and Jon as they dive into the latest commodity market trends, from broad-based buying to the intricacies of hedging. Discover why elevators are not your only option, learn about the resurgence in the cattle market, and unpack the difference between hedging and speculating. Whether you're a seasoned trader or new to the game, this episode offers valuable insights on navigating current market volatility and making informed decisions for your farm or portfolio. "Hedge Heads" is your go-to...
Oct 08, 2024•35 min
In this eye-opening episode of Hedge Heads, Ryan Tungseth and John Prischmann challenge the "all-or-nothing" approach to grain marketing. Against the backdrop of a surprising harvest-time rally, they reveal why flexible hedging strategies are crucial for maximizing profits in unpredictable markets. Learn how to protect your downside while keeping upside potential open, and discover why "gray area" marketing often beats black-and-white decisions. With insights on grains, cattle, and precious meta...
Sep 24, 2024•25 min
