Latest / AG Bull / AG Squawk AM 7/13/2026 | The Strait Of Hormuz Has Office Hours

Transcript

AG Squawk AM 7/13/2026 | The Strait Of Hormuz Has Office Hours · AG Bull

• 0:09
  SPEAKER_00: Good morning, everyone.
• 0:10
  SPEAKER_00: Tom Grossofi, AgBull, Media Ag Bull Trading.
• 0:13
  SPEAKER_00: I'm here in Nashville, Tennessee at Nesfake Trading Office.
• 0:15
  SPEAKER_00: If you ever make it to Tennessee, downtown Nashville, we are right next to the Ryman Theater.
• 0:22
  SPEAKER_00: It's pretty quiet this morning.
• 0:23
  SPEAKER_00: It looks like all the partiers are gone.
• 0:25
  SPEAKER_00: But the markets were partying last night.
• 0:27
  SPEAKER_00: We're going to talk about it.
• 0:27
  SPEAKER_00: Today is July 13th.
• 0:30
  SPEAKER_00: We have an action-packed show.
• 0:31
  SPEAKER_00: Judge Jed took the morning off.
• 0:33
  SPEAKER_00: He'll be in here in a little bit.
• 0:34
  SPEAKER_00: I think he went to a country concert at Wrigley Field last night.
• 0:37
  SPEAKER_00: I can't wait to hear about that.
• 0:38
  SPEAKER_00: Don't forget to check in every afternoon with Davis Michelson.
• 0:41
  SPEAKER_00: This afternoon, Davis Michelson, I have the one and only Connor Bridgman.
• 0:44
  SPEAKER_00: Connor is a friend of mine, a coworker, great dude.
• 0:47
  SPEAKER_00: He's over at Agmarket.net.
• 0:49
  SPEAKER_00: Make sure you check in for that.
• 0:51
  SPEAKER_00: With this, we have weather to talk about.
• 0:53
  SPEAKER_00: We have Iran.
• 0:54
  SPEAKER_00: We have so much more.
• 0:55
  SPEAKER_00: I'm going to quote up the markets, talk about how cattle are struggling.
• 0:58
  SPEAKER_00: Grains are doing okay, but I brought a couple charts to the show to show you.
• 1:02
  SPEAKER_00: Don't get too excited.
• 1:03
  SPEAKER_00: We're just back to where we was where we've always been.
• 1:06
  SPEAKER_00: All right, stick around.
• 1:25
  SPEAKER_00: I'm going to take a look at the markets real quick and quote them up for you.
• 1:28
  SPEAKER_00: These markets are provided by plus 500.
• 1:31
  SPEAKER_00: Plus 500 is who we use for trading software and quote software.
• 1:35
  SPEAKER_00: They've provided software for all of us at AgBull Media, Ag Bull Trading.
• 1:40
  SPEAKER_00: We really enjoy using them.
• 1:41
  SPEAKER_00: By far most important thing going on.
• 1:43
  SPEAKER_00: Crude oil up 270.
• 1:44
  SPEAKER_00: Upon recording this at 7:20 a.m.
• 1:46
  SPEAKER_00: on Monday.
• 1:47
  SPEAKER_00: Crude oil up 270, 74.12.
• 1:50
  SPEAKER_00: Let's get into the grain markets real quick.
• 1:53
  SPEAKER_00: As we look at the grain markets, corn's up six and a half.
• 1:55
  SPEAKER_00: That's December.
• 1:56
  SPEAKER_00: No beans up six.
• 1:58
  SPEAKER_00: Wheat's down a tiny bit.
• 1:59
  SPEAKER_00: Oats are up.
• 2:00
  SPEAKER_00: Oil, soybean oil's up good.
• 2:01
  SPEAKER_00: Meals up a little bit.
• 2:03
  SPEAKER_00: Uh the wheats are definitely struggling.
• 2:04
  SPEAKER_00: Hard red spring, Minneapolis is up, canola's up.
• 2:07
  SPEAKER_00: That's a look at that.
• 2:09
  SPEAKER_00: Outside markets are tumbling.
• 2:10
  SPEAKER_00: That definitely is tied to crude oil.
• 2:12
  SPEAKER_00: Looking at the SP 500 down 30 and the NASDAQ down 300.
• 2:18
  SPEAKER_00: Lots of moving parts, folks.
• 2:19
  SPEAKER_00: What's this mean to you and farmers?
• 2:21
  SPEAKER_00: Well, it's it's good and bad.
• 2:24
  SPEAKER_00: As fast as crude goes up, other things go up, but your expenses go up.
• 2:28
  SPEAKER_00: So crude's tied to everything.
• 2:30
  SPEAKER_00: It really, I mean, if you're hoping for higher crude, fine, I get it, because it usually drags corn up in some ways and soybean oil and stuff like that.
• 2:37
  SPEAKER_00: But it's just going to make the price of everything go up.
• 2:40
  SPEAKER_00: And when the price of everything goes up, that means interest rates go up.
• 2:44
  SPEAKER_00: And that's a no bueno here in ag because it's never been more expensive to buy a load of cattle.
• 2:49
  SPEAKER_00: It's never been more expensive to just run your farm.
• 2:52
  SPEAKER_00: I get it.
• 2:53
  SPEAKER_00: Uh land prices are staying firm.
• 2:55
  SPEAKER_00: That's good.
• 2:56
  SPEAKER_00: But yeah, it's tough out there.
• 2:58
  SPEAKER_00: I understand.
• 2:59
  SPEAKER_00: We have people text us if you want to get a hold of us.
• 3:01
  SPEAKER_00: If you just watch the show and say, hey, I want to get a hold of you, go to www.agbull.com.
• 3:08
  SPEAKER_00: Go under request, you know, you can just send us a message and get there.
• 3:12
  SPEAKER_00: All right.
• 3:12
  SPEAKER_00: With that, I'm going to talk about cattle real quick.
• 3:15
  SPEAKER_00: Cattle aren't open right now, but last week cattle had a tough week.
• 3:19
  SPEAKER_00: But Grains had a stellar week.
• 3:21
  SPEAKER_00: And if you missed it, I hope you didn't.
• 3:23
  SPEAKER_00: But if you did, you got to go catch Mr.
• 3:25
  SPEAKER_00: Jim Wiesmeyer and myself yesterday.
• 3:27
  SPEAKER_00: We did a 55-minute special on uh called Wiesmeyer's Perspectives.
• 3:31
  SPEAKER_00: That's a free show, folks.
• 3:33
  SPEAKER_00: It's still free, but as you can see, I'm hinting to you, it's not going to be free for much longer.
• 3:38
  SPEAKER_00: But Wiesmeyer's Perspectives Free.
• 3:40
  SPEAKER_00: Jim and I spoke about a lot of things.
• 3:42
  SPEAKER_00: I think you should catch that.
• 3:43
  SPEAKER_00: That's available on Apple, Spotify, and YouTube.
• 3:46
  SPEAKER_00: Of course, this is Axquak AM, Ag Squawk P.M.
• 3:49
  SPEAKER_00: with Mr.
• 3:50
  SPEAKER_00: Davis Michelson.
• 3:51
  SPEAKER_00: Now let's get into the show.
• 3:52
  SPEAKER_00: All right, we talked about the cattle.
• 3:54
  SPEAKER_00: They had a tough week last week.
• 3:55
  SPEAKER_00: They closed lower Friday.
• 3:57
  SPEAKER_00: They've been trading both sides.
• 3:59
  SPEAKER_00: This morning, first thing is at 7 45 NASVID does a conference call with Mike Sands.
• 4:05
  SPEAKER_00: That is for subscribers only.
• 4:06
  SPEAKER_00: It's called Before the Bell.
• 4:07
  SPEAKER_00: That is a five-minute conference call on just cattle.
• 4:11
  SPEAKER_00: It's a must see.
• 4:13
  SPEAKER_00: I do hope you take the leap of faith here and join$25 a month,$250 annually.
• 4:18
  SPEAKER_00: We do have a couple sponsors to the show, but really, you know, we are the sponsors.
• 4:23
  SPEAKER_00: We are the show.
• 4:24
  SPEAKER_00: Our sponsors are one plus 500.
• 4:26
  SPEAKER_00: We use them for software and quotes.
• 4:27
  SPEAKER_00: And number two, trade the news.
• 4:29
  SPEAKER_00: Trade the news is an audio squawk service.
• 4:31
  SPEAKER_00: And uh that's folks, I live by it.
• 4:34
  SPEAKER_00: I have it every laptop I have, I have trade the news on.
• 4:37
  SPEAKER_00: It's an audio squawk service.
• 4:38
  SPEAKER_00: So I could be doing the show, and trade the news could say something in my ear and I can hear it.
• 4:42
  SPEAKER_00: It's a really cool service.
• 4:44
  SPEAKER_00: If you want a free trial, trade the news, go to trade the news and tell them the Agble boy sent you and you want to get a free trial.
• 4:51
  SPEAKER_00: I think it's pretty cool.
• 4:51
  SPEAKER_00: All right, let's get in the show.
• 4:53
  SPEAKER_00: We got breaking news, breaking news, breaking news.
• 4:56
  SPEAKER_00: Of course, the drama continues.
• 4:58
  SPEAKER_00: Iran, it just doesn't stop.
• 5:00
  SPEAKER_00: It's a ticking time bomb.
• 5:02
  SPEAKER_00: We actually have a video for it because the drama never stops.
• 5:05
  SPEAKER_00: Obviously, we've solved this.
• 5:07
  SPEAKER_00: Uh, we've had a peace deal with them.
• 5:09
  SPEAKER_00: I I don't even know.
• 5:09
  SPEAKER_00: I don't want to exaggerate.
• 5:11
  SPEAKER_00: 20 times, maybe.
• 5:13
  SPEAKER_00: It's just getting old.
• 5:14
  SPEAKER_00: Let's not bullshit each other as we're on the Ag Bull show here.
• 5:19
  SPEAKER_00: What's going on in Iran's getting real old?
• 5:21
  SPEAKER_00: But I did find this tidbit.
• 5:23
  SPEAKER_00: Maybe this will make you smile, maybe it'll make you cry.
• 5:26
  SPEAKER_00: But this is the last thing I saw before I went to bed last night.
• 5:28
  SPEAKER_00: This is pretty much the hours of straighter her moose.
• 5:31
  SPEAKER_00: Open Monday through Friday.
• 5:32
  SPEAKER_00: It closes Saturday and Sunday.
• 5:34
  SPEAKER_00: I don't know why this made me laugh, but this is just if you want to summarize what the heck's going on over there, that's what's going on.
• 5:42
  SPEAKER_00: It's actually an embarrassment for everyone.
• 5:44
  SPEAKER_00: It's disrupting the markets.
• 5:46
  SPEAKER_00: All right.
• 5:47
  SPEAKER_00: Let's talk about weather.
• 5:49
  SPEAKER_00: That white stuff over there, weather's provided by Mr.
• 5:51
  SPEAKER_00: Craig Solberg.
• 5:52
  SPEAKER_00: Nesvik Trading has its own meteorologist.
• 5:55
  SPEAKER_00: I think that's really cool.
• 5:56
  SPEAKER_00: That's one of the benefits here of coming to Nesvik Trading and moving Ag Bull Trading over here is that we have our own in-house weather guy.
• 6:04
  SPEAKER_00: It's really good.
• 6:05
  SPEAKER_00: But pretty much we're coming into pollination.
• 6:07
  SPEAKER_00: There's a lot of white there.
• 6:09
  SPEAKER_00: Where there is color and rain, those areas have had rain and they don't necessarily need it.
• 6:15
  SPEAKER_00: Now, as we come into pollination, everyone needs a rain.
• 6:18
  SPEAKER_00: You want you know perfect temps and rains every few days.
• 6:21
  SPEAKER_00: I get it.
• 6:22
  SPEAKER_00: We're not getting that.
• 6:23
  SPEAKER_00: Now, what's going to happen is this dome, is it going to break down?
• 6:27
  SPEAKER_00: There's this word they keep saying, ridge riders, watch for the ridge riders.
• 6:31
  SPEAKER_00: If you ask why is corn not up 10 or 15, because within this dome, there's it's going to break down.
• 6:37
  SPEAKER_00: They they think, you know, the weather guys, they think it's going to break down.
• 6:40
  SPEAKER_00: Watch for these ridge riders.
• 6:42
  SPEAKER_00: So if you're out there and you're using one of those cheap apps on your phone, they every one of you says there's no rain for 10 days.
• 6:50
  SPEAKER_00: That's you know, Craig Solberg suggested last night in the video, it's not necessarily true.
• 6:55
  SPEAKER_00: So he's going to keep a good eye on that.
• 6:57
  SPEAKER_00: Of course, Craig's updating us here with information all day, all night.
• 7:01
  SPEAKER_00: It's really cool.
• 7:02
  SPEAKER_00: All right, moving along here, what else do we have for you?
• 7:04
  SPEAKER_00: We got the weather.
• 7:06
  SPEAKER_00: This is just we got we talked about weather.
• 7:08
  SPEAKER_00: It's not only an American problem, it's a European problem.
• 7:10
  SPEAKER_00: Keep an eye on border trade wheat, case wheat, Minneapolis wheat, all eyes on the European Union.
• 7:16
  SPEAKER_00: They're having a tough time over there.
• 7:18
  SPEAKER_00: Now I know some of our states could produce more than all these guys.
• 7:21
  SPEAKER_00: You know, we could add it up, and I'll get that statistic for you.
• 7:24
  SPEAKER_00: How much grain is actually produced?
• 7:26
  SPEAKER_00: But with what's going on with Ukraine and Russia, that's what shot up wheat.
• 7:30
  SPEAKER_00: Border Trade and CC Wheat were up 30 on Friday before the USDA report.
• 7:36
  SPEAKER_00: We did have a USDA report, pretty friendly in corn, pretty pumped up about that.
• 7:41
  SPEAKER_00: Check out the balance sheet.
• 7:42
  SPEAKER_00: This is what I wanted to bring to you.
• 7:44
  SPEAKER_00: This is a chart here, and I use my plus 500 software to get that.
• 7:48
  SPEAKER_00: But pretty much, guys, I broke down and gals.
• 7:50
  SPEAKER_00: Thanks for the gals who watch.
• 7:52
  SPEAKER_00: I broke down a December corn chart and I broke it down into a weekly.
• 7:57
  SPEAKER_00: Pretty much the bottom line, not pretty much, the bottom line is 440.
• 8:01
  SPEAKER_00: The top line is 480.
• 8:03
  SPEAKER_00: This is a weekly going all the way back to 23, 24, 25, 26.
• 8:07
  SPEAKER_00: 440 seems to hold a lot of times.
• 8:09
  SPEAKER_00: 480 seems to be a place where people want to sell and protect.
• 8:13
  SPEAKER_00: Could we go above that?
• 8:14
  SPEAKER_00: Yeah, absolutely.
• 8:16
  SPEAKER_00: We could.
• 8:17
  SPEAKER_00: We won't know till we know, but keep an eye on those levels.
• 8:20
  SPEAKER_00: We did gap and go last night.
• 8:22
  SPEAKER_00: We took out last week's high.
• 8:23
  SPEAKER_00: That was pretty good.
• 8:24
  SPEAKER_00: Let's see if we can hold.
• 8:25
  SPEAKER_00: Okay, wrapping things up here on today's calendar, folks.
• 8:28
  SPEAKER_00: We have watch the Fed speakers.
• 8:31
  SPEAKER_00: The the folks at the Fed are out speaking.
• 8:33
  SPEAKER_00: And with this new Fed chair, we could have some interesting comments.
• 8:37
  SPEAKER_00: Of course, on the grain side, we have export inspections at 10 a.m.
• 8:42
  SPEAKER_00: crop progress at 3.
• 8:43
  SPEAKER_00: We'll, you know, for paying clients, whatnot, we'll get those out to you right away.
• 8:47
  SPEAKER_00: I do want to talk about who was on premium today for paying clients.
• 8:51
  SPEAKER_00: You'll be sent this video here in a little bit.
• 8:53
  SPEAKER_00: Mr.
• 8:53
  SPEAKER_00: Paul Neefer.
• 8:54
  SPEAKER_00: I've known Paul for over, oh god, at least 15 years.
• 8:59
  SPEAKER_00: Paul Neefer's the best in the business.
• 9:01
  SPEAKER_00: Paul Neefer, the Ag CPA, exclusively for Ag Bull subscribers and clients of Paul.
• 9:06
  SPEAKER_00: With that, again, make sure this afternoon you check in with the one and only Davis Michelson.
• 9:11
  SPEAKER_00: Davis Michelson is the host of AgSquawk.
• 9:15
  SPEAKER_00: He is an absolute pleasure to work with.
• 9:17
  SPEAKER_00: And he we got two weeks in the books, and it's just getting better and better.
• 9:21
  SPEAKER_00: But what I need you all to do, asking a favor, if you enjoy the show, AgSquawk AM is free.
• 9:26
  SPEAKER_00: Ag Squawk in the afternoons with Davis is free.
• 9:29
  SPEAKER_00: Of course, we put out premium content.
• 9:31
  SPEAKER_00: If that's something that interests you, subscribe.
• 9:34
  SPEAKER_00: I mean, it's that simple.
• 9:35
  SPEAKER_00: I'm we are the uh we do have a couple sponsors again, plus 500.
• 9:39
  SPEAKER_00: We use them all day.
• 9:40
  SPEAKER_00: Great partner.
• 9:41
  SPEAKER_00: That's our clearing firm or FCM.
• 9:43
  SPEAKER_00: They are both an FCM and they have a software package, and we use trade the news for news.
• 9:48
  SPEAKER_00: With that, that's it for this morning.
• 9:50
  SPEAKER_00: Check in with Davis, Mr.
• 9:51
  SPEAKER_00: Connor Bridgman from Agmarket.net is going to be in.
• 9:54
  SPEAKER_00: My name's Tommy Grassofi.
• 9:55
  SPEAKER_00: I am Bullish Agriculture.
• 9:57
  SPEAKER_00: We'll see you all this afternoon.