Midday Commentary 11/11/26- Arlan Suderman

Grain and livestock markets found good support through midday on Friday. We discuss the end of the week trade with Arlan Suderman, Chief Commodities Economist at StoneX, in our Market Talk Midday Commentary. ***Always remember the risk of trading futures and options can be substantial.

Markets traded mixed on Veterans Day after a big soybean and corn rally on Tuesday following the WASDE report. Tommy Grisafi of AgBull Media and Nesvick Trading Group joins Jesse Allen to talk about funds exiting their record corn long, soybeans' 50-cent pop, what the Nvidia CEO controversy teaches traders about risk, why he is worried about the hog sector, growing liquidity stress on farm balance sheets, improving basis after harvest and what a realistic corn rally looks like without a South American weather problem.Also, Brady Huck of Empower Ag Trading joins Jesse Allen from the road to break down the November WASDE, what feeder cattle need to hold on the charts, how Tyson's Amarillo second-shift plan fits the cattle picture, why South American weather is the "million dollar question" for grain bulls, and how farmers can manage storage and interest costs after harvest.And at the end of the show, Susan Littlefield joins us to share a market conversation from Wednesday with Naomi Blohm of Total Farm Marketing in Segment Four.

Veterans Day Wednesday brought a quieter grain and livestock trade overall, after the WASDE fireworks we saw yesterday. Arlan Suderman, Chief Commodities Economist at StoneX, joins us to discuss in our Midday Commentary.

USDA's November WASDE report cut the U.S. corn yield to 179.6 bushels per acre and trimmed soybean ending stocks to 300 million bushels, sparking a rally across the grain markets on Tuesday. Jesse Allen talks with Cory Bratland, hedging strategist with AgMarket, about where USDA made its biggest state-level yield cuts, why the soybean balance sheet is getting tighter, whether wheat can lead, and how producers should approach marketing into year-end. Plus, a look at outside markets, the cattle rebound and the struggling hog market. Learn more about AgMarket: https://www.agmarket.netWe also listen back to our Midday Commentary and WASDE recap with Arlan Suderman from StoneX and take a look at news headlines to close out the show.

USDA lowered it's corn yield estimate below 180 bushels per acre in the November WASDE Report that just came out. We get reaction to that surprise change and more with Arlan Suderman, Chief Commodities Economist at StoneX.

The grain market drifted lower ahead of the November WASDE Report set for Tuesday while cattle futures bounced and hogs tried to find support. John Heinberg with Total Farm Marketing joined us on Monday's Market Talk to break down heavy fund liquidation, corn testing support near the June lows, soft export demand, what to watch in soybeans and why a long-term trend line matters for hogs. Find more online at https://www.totalfarmmarketing.com.Also, cattle and hogs start the week with strength while grains wait on the November WASDE. Jesse Allen is joined by Mike Minor of Professional Ag Marketing to break down what moved cattle on Monday, why managed money is short covering in hogs, what to watch in Tuesday's USDA report, and how crude oil, Russia-Ukraine, Iran and tech stocks are shaping the outside markets. More at https://www.professionalagmarketing.com.Nutrien Ag Solutions meteorologist Eric Snodgrass also joins Market Talk for the weekly weather update. He breaks down why the first frost came weeks late across the Corn Belt, whether fall applications have a window, what an El Niño winter could mean for drought, and why South America's crop weather may matter more to markets this season. More from Eric at https://www.agweather.com.

Grains were lower at midday on Monday while cattle were sharply higher to begin the week. Arlan Suderman, Chief Commodities Economist at StoneX, joined us to discuss in our Market Talk Midday Commentary for Monday, November 9th, 2026.

Grain Markets Find Support Ahead of WASDE, While Cattle Fundamentals Remain a ConcernCorn and soybeans are picking up some pricing interest ahead of Tuesday’s WASDE report, but uncertainty over the size of the soybean crop remains a concern. Export demand is improving, while Brazil’s increased ethanol production raises questions about what it could mean for that country’s export outlook. In the cattle market, attention remains on heavy weights and a northern supply that is not current, leaving traders wondering just how much further prices could fall.Midday comments with Arlan Suderman at StoneX