This week, Jon and Ryan get practical with real corn hedge setups — the kind they're actually watching right now. They break down when to buy calls or puts, how to build a floor without capping your ceiling, and why smart planning beats chasing highs. It's a straight-talk episode focused on timing, strategy, and what limited-risk hedging really looks like in today's corn market. They wrap up with a look at live cattle spreads and why volatility might be your friend this winter.
Nov 11, 2025•30 min
The mics are on, the lines are in, and the markets are moving. Jon and Ryan take Hedge Heads to the lake to talk soybeans, corn, and cattle between casts. A relaxed, off-the-dock episode where market insight meets Minnesota fishing stories.
Nov 05, 2025•16 min
The quiet stretch is over—commodity markets just came roaring back to life. Jon and Ryan dive into the chaos and opportunity behind 81 million acres of soybeans, a weekend trade deal that shocked the market, and why volatility is finally back. From beans with upside to cattle in freefall, this is the episode where everything moves at once—and every decision matters. "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 ...
Oct 29, 2025•35 min
It's that time of year — tough choices, tight margins, and a lot of second-guessing. Jon and Ryan dig into what's working (and what's not) for 2025-26 marketing plans. From soybeans and corn to wheat, crude oil, and even gold, they cover the signals that matter and the traps to avoid. Jon explains why storing beans might make more sense than corn this year, how to approach re-ownership strategies, and why breaking the cycle of reactive marketing could change your entire operation. They also tack...
Oct 21, 2025•34 min
Volatility has fallen to its lowest levels in years, and that's changing how producers should think about risk. Jon Prischmann and Ryan Tungseth break down what cheap options really mean, how to use volatility to your advantage, and when "keeping your powder dry" might be the best trade you make all fall. They cover everything from storage decisions and range-bound strategies to what 2026 corn hedging could look like if the market finally wakes up. "Hedge Heads" is your go-to podcast for cutting...
Oct 14, 2025•36 min
The government's shut down, exports are dark, and someone just "found" 200 million bushels of corn. In this week's Hedge Heads, Jon Prischmann and Ryan Tungseth dig into a market that refuses to move—where corn's too expensive, wheat's too cheap, and soybeans can't seem to catch a break. They talk through why full carry and weak basis mean defense is the only smart play right now, why cheap options might be the best opportunity we've seen in years, and how to think about storage, calls, and stra...
Oct 07, 2025•33 min
Grain markets aren't offering easy answers, and the old "sell it and forget it" approach is running out of road. Jon Prischmann and Ryan Tungseth dig into why simple cash sales aren't cutting it, why storage is creating new headaches, and what a flexible, creative marketing plan needs to look like this fall. From wide soybean carries to wheat's false bottoms, and even the mixed signals in cattle, the message is clear: producers who stick with old habits could get left behind. "Hedge Heads" is yo...
Sep 23, 2025•30 min
Harvest is coming fast, and so are tough marketing calls. Should you put grain in the bin, sell it across the scale, or lock in a hedge? Jon Prischmann and Ryan Tungseth unpack strategies that balance opportunity and risk, with a close look at soybeans, corn, and the signals flashing across the broader commodity 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 an...
Sep 16, 2025•25 min
Markets may feel quiet, but decisions made now can shape the year ahead. Jon Prischmann and Ryan Tungseth dig into why your banker should be part of your hedging plan, how fleeting corn rallies could create quick marketing opportunities, and why China's absence from the soybean market is raising alarms. They also take a hard look at cattle, where basis risk and expensive downside protection make hedging especially tricky. Plus—what today's low volatility really means for grain and livestock prod...
Sep 08, 2025•34 min
Corn showed surprising firmness to kick off September, staying green while beans weakened and wheat struggled. Jon Prischmann and Ryan Tungseth unpack why these random bursts of strength appear, how Brazil's ethanol demand shifts the export picture, and why this season is all about "store and pay attention." They also look at soybeans, where China's absence looms large, and cattle, where futures have finally caught cash—but signs of fatigue are creeping in. A clear-eyed look at fragile markets, ...
Sep 02, 2025•34 min
This year's markets won't reward sitting still. With low prices, heavy carry, and weak basis, survival depends on keeping new strategies in play. In this week's Hedge Heads, Jon Prischman and Ryan Tungseth dig into why fresh ideas are the most valuable tool you can have. They cover how to recognize the kind of year we're in, why basis should be your guide for marketing decisions, and the importance of tailoring strategies to your operation. Along the way, they unpack soybean spreads after a sudd...
Aug 25, 2025•47 min
Grain bins aren't magic machines that turn patience into profit. In today's bear market, storing grain can drain margins faster than it builds them. Jon Prischman and Ryan Tungseth unpack why old storage habits aren't working, the hidden costs farmers overlook, and how to stay nimble with marketing decisions. They also cover cattle's relentless rally, the warning signs showing up in futures, and what shifting interest rate bets could mean for agriculture. From bins to beef, this episode is about...
Aug 18, 2025•35 min
This is a special public release of our Hedge Heads Insider content—normally reserved for subscribers. We're sharing it this week so you can see the kind of timely market analysis our insiders receive first. This week's public Insider Special covers a USDA report that will be talked about for years—a major acreage shift from soybeans to corn that's reshaping market dynamics. We break down why the change could push corn cash prices toward $2 in some areas, how it's setting up a longer-term bullis...
Aug 14, 2025•13 min
A middle-of-the-night Trump tweet sends soybeans higher—was it just noise, or is there more behind it? Jon Prischman and Ryan Tungseth break down why they think there could be real substance, and how to position with calls, call spreads, or futures. They also dig into low-volatility corn and why buying calls now could make marketing decisions easier later, plus a look ahead to December 2026 pricing opportunities. From interest rate cuts and a weakening dollar to oil's stubborn range and cattle's...
Aug 11, 2025•34 min
Markets feel stuck, emotions are running hot, and everyone online is shouting about yields, inflation, and why cattle "can't go down." In this episode, Jon Prischman and Ryan Tungseth step back from the noise to talk strategy. From smarter storage decisions to courage calls and interest rate trends, they explore why volatility is the new normal—and how to stop reacting and start planning. They also dig into the box beef vs. cash disconnect in cattle, what traders are missing in the rates market,...
Aug 04, 2025•40 min
Markets don't get more lopsided than this. While grain bulls are stuck in a summer-long slide with no catalyst in sight, the cattle market is charging to new highs—and even the barns can't believe it. Jon and Ryan break down why corn keeps grinding lower despite pollination problems and why the funds may have had the right trade all along. They dive deep into the cash/futures gap in live cattle, the quiet storm brewing in energy, and why re-owning grain with options has never been cheaper. From ...
Jul 28, 2025•42 min
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 basis. You'll hear why this season is so unusual, what to watch for before making moves, and how pr...
Jul 15, 2025•33 min
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 grain isn't the easy answer, and what could finally break the pattern of slow, grinding losses. Meanwhil...
Jul 07, 2025•38 min
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, the real story behind interest rates and operating costs, and how smart operators are already positio...
Jun 30, 2025•45 min
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 dig into the bearish setups in corn and wheat, why cattle futures might be topping, and why soybeans ...
Jun 24, 2025•47 min
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 for Insiders. Don't miss it. "Hedge Heads" is your go-to podcast for cutting through the noise of the ...
Jun 19, 2025•17 min
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 what to make of wild swings in cattle, crude, and commodities at large. The audio may be bumpier—but th...
Jun 17, 2025•22 min
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 a few warnings—and why silver, platinum, and oats might be flashing opportunity in an otherwise qui...
Jun 09, 2025•22 min
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 market to finally turn? Jon and Ryan explore strategies for participating in a market that seems bro...
Jun 02, 2025•24 min
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 market is trading weatherless and fearless. Even a fake screwworm story was enough to break cattle—and it...
May 29, 2025•20 min
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 prices are nearly untouchable. Plus, they cover hedging tactics using carry, the real risk of shorting...
May 19, 2025•39 min
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 summer, and how to stay sharp when the market isn't trading fundamentals.
May 16, 2025•14 min
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. They also dig into cattle's rocket-fueled run (screw worm, anyone?) and debate if we've finally hit t...
May 12, 2025•31 min
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 calls as a safer bet than corn. Plus, cattle prices continue their unstoppable march—what's driving th...
May 05, 2025•36 min
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 profit lever on the farm, Mike lays out how to survive — and thrive — in a market facing trade wars, w...
Apr 28, 2025•40 min
