Latest / AG Bull / AG Squawk AM 10/27/2026 with Tommy Grisafi | Soybeans Rebound As Hogs Slide

Transcript

AG Squawk AM 10/27/2026 with Tommy Grisafi | Soybeans Rebound As Hogs Slide · AG Bull

• 0:11
  SPEAKER_00: Good morning, everybody.
• 0:12
  SPEAKER_00: Tom Grossofi, AgBull Media Ag Bull Trading.
• 0:14
  SPEAKER_00: Welcome to Ag Squawk AM.
• 0:17
  SPEAKER_00: Couple interesting things happening here.
• 0:19
  SPEAKER_00: I want to talk to you about what happened in Grange yesterday.
• 0:24
  SPEAKER_00: What's going on in cattle and livestock?
• 0:27
  SPEAKER_00: Hogs scoring a fresh or real close to a fresh six-year low.
• 0:33
  SPEAKER_00: Some interesting things happening in interest rates.
• 0:36
  SPEAKER_00: And what about silver?
• 0:37
  SPEAKER_00: Remember when the world was running out of silver?
• 0:40
  SPEAKER_00: Not so much.
• 0:41
  SPEAKER_00: All that and more in this morning's Ag Squat.
• 0:53
  SPEAKER_00: Tom Grasafi coming to you from Valparaiso, Indiana.
• 0:57
  SPEAKER_00: Welcome to Ag Squat.
• 0:58
  SPEAKER_00: Sitting in for Jed Sidwell this morning.
• 1:01
  SPEAKER_00: Well, we have a few things to talk about, but before that, I want to thank plus 500.
• 1:05
  SPEAKER_00: Plus 500 is where we get our quotes from.
• 1:08
  SPEAKER_00: I'm going to quote up the markets.
• 1:09
  SPEAKER_00: It's as of 7:30 this morning.
• 1:11
  SPEAKER_00: I have some good news for you.
• 1:13
  SPEAKER_00: Soybeans are actually having a good morning compared to what they were yesterday.
• 1:18
  SPEAKER_00: And you know what?
• 1:18
  SPEAKER_00: Soybeans rallied back a lot from yesterday's lows.
• 1:21
  SPEAKER_00: Soybeans are currently up nine cents, getting the no back to 1250.
• 1:27
  SPEAKER_00: But no's going to start to move away.
• 1:29
  SPEAKER_00: We're going to move to January and March here.
• 1:31
  SPEAKER_00: Corn down one, wheat down a half.
• 1:34
  SPEAKER_00: Pretty quiet overnight, but beans the winner.
• 1:37
  SPEAKER_00: Will beans close higher on the day?
• 1:40
  SPEAKER_00: Stick around for Ag Squack in the afternoon with Davis Michelson.
• 1:43
  SPEAKER_00: Stock market SP up 32, NASDAQ up.
• 1:47
  SPEAKER_00: Interest rates are definitely starting to calm down.
• 1:50
  SPEAKER_00: Bonds are rallying when bonds rally.
• 1:52
  SPEAKER_00: Interest rates are going down.
• 1:54
  SPEAKER_00: I wanted to talk to you a little bit about silver looking at silver futures.
• 1:58
  SPEAKER_00: $53.
• 2:00
  SPEAKER_00: Y'all remember when silver was a lot higher this year?
• 2:03
  SPEAKER_00: Well, not so much.
• 2:04
  SPEAKER_00: All right.
• 2:04
  SPEAKER_00: Woke up early this morning, looked at the markets, and I checked in with our friends at Trade the News.
• 2:10
  SPEAKER_00: Trade the News is how we get uh audio squawk.
• 2:13
  SPEAKER_00: Thank you, Trade the News.
• 2:14
  SPEAKER_00: Proud user of Trade the News.
• 2:16
  SPEAKER_00: Been a client for 25 years.
• 2:17
  SPEAKER_00: Tell the trade the news, boys.
• 2:19
  SPEAKER_00: The Ag Squawk crew sent you over.
• 2:22
  SPEAKER_00: All right, let's get into the show.
• 2:24
  SPEAKER_00: First, we'll do the livestock.
• 2:27
  SPEAKER_00: Yesterday, another upday in cattle.
• 2:29
  SPEAKER_00: Cattle 231.20 up 75.
• 2:32
  SPEAKER_00: Feeders 348.50 up 60.
• 2:35
  SPEAKER_00: Hogs.
• 2:35
  SPEAKER_00: This is a very big pain point.
• 2:37
  SPEAKER_00: Hogs down 85.
• 2:40
  SPEAKER_00: Reading some news, looking at the uh wires.
• 2:43
  SPEAKER_00: Hogs approaching a fresh six-year low.
• 2:46
  SPEAKER_00: Jim Wiesmeyer and I spoke about why aren't people eating pork?
• 2:52
  SPEAKER_00: And if you'd like to learn more about that, that episode is now premium.
• 2:56
  SPEAKER_00: Two two ways, stay ahead.
• 2:57
  SPEAKER_00: You can join Agble Intel.
• 2:59
  SPEAKER_00: You'll still get Wiesmeyer's video there.
• 3:01
  SPEAKER_00: Jim and I sit down every Sunday, but Jim is moving to the premium side.
• 3:05
  SPEAKER_00: Anyone on Jim's list?
• 3:07
  SPEAKER_00: It is time, please, to move over.
• 3:10
  SPEAKER_00: There's a coupon code.
• 3:11
  SPEAKER_00: Go to Wiesmeyer's Perspective,$199 till the end of the year.
• 3:14
  SPEAKER_00: Then Jim's raising the price to$300.
• 3:16
  SPEAKER_00: So if you've enjoyed Jim's content, head over there.
• 3:20
  SPEAKER_00: We're doing markets.
• 3:21
  SPEAKER_00: He's doing DC policy.
• 3:23
  SPEAKER_00: Boy, I have a feeling Jim's going to have some more breaking news about NAS and what happened with that crazy USDA debacle.
• 3:33
  SPEAKER_00: Moving forward, yeah.
• 3:34
  SPEAKER_00: What happened to silver and gold?
• 3:37
  SPEAKER_00: Looking at gold.
• 3:38
  SPEAKER_00: Gold's real close to going under 4,000.
• 3:41
  SPEAKER_00: And silver is approaching the$50 level.
• 3:43
  SPEAKER_00: Now, full disclosure, there's a lot of different ways to buy silver.
• 3:49
  SPEAKER_00: The CME group has a hundred-ounce silver contract, then they have a thousand-ounce silver contract, and then there's a five thousand ounce silver contract, which just became too big for many of us to trade when silver was moving five, six dollars a day.
• 4:05
  SPEAKER_00: For example, you own five thousand ounces of silver, it moves a dollar, that's five thousand dollars.
• 4:10
  SPEAKER_00: There was days silver moved ten dollars, so fifty thousand dollar move on one futures contract, just mind-boggling.
• 4:18
  SPEAKER_00: But you know what?
• 4:19
  SPEAKER_00: I'm wondering, I'm thinking, where will silver be at the end of the year?
• 4:23
  SPEAKER_00: I personally might accumulate a couple hundred ounce contracts and buy some silver.
• 4:29
  SPEAKER_00: Many people go to the coin store and buy silver.
• 4:32
  SPEAKER_00: Not a recommendation, just what the heck made it 121 and now it's 51, right?
• 4:38
  SPEAKER_00: What changed in silver?
• 4:40
  SPEAKER_00: The one winner here, though, is copper.
• 4:42
  SPEAKER_00: Dr.
• 4:42
  SPEAKER_00: Copper by far outperformed all of them.
• 4:45
  SPEAKER_00: Copper up today when gold and silver are down.
• 4:49
  SPEAKER_00: All right, moving along here.
• 4:51
  SPEAKER_00: Jim Wiesmeyer provided this weather this morning.
• 4:54
  SPEAKER_00: If you sign up for the uh Wiesmeyer list, I like this.
• 4:57
  SPEAKER_00: I like the way Jim laid this out.
• 4:59
  SPEAKER_00: He goes over the eastern corn belt, the western corn belt, what's going on in wheat and feedlots, northern plains, mid-south, northern Brazil, South Brazil, Paraguay, and Argentina.
• 5:10
  SPEAKER_00: Now, all eyes on weather are going to be South American weather.
• 5:14
  SPEAKER_00: Uh, you can find this map under the Wiesmeyer section.
• 5:18
  SPEAKER_00: I think he got that email out around 6:45 this morning.
• 5:22
  SPEAKER_00: Jim Wiesmeyer giving us weather.
• 5:24
  SPEAKER_00: Uh, Jim's doing a really unique job with some things, and big shout out to Craig Solberg.
• 5:29
  SPEAKER_00: Nesvik has her own in-house weather guy.
• 5:33
  SPEAKER_00: And boy, is that a good research resource.
• 5:36
  SPEAKER_00: All right.
• 5:37
  SPEAKER_00: Speaking of resources, we're gonna have reports.
• 5:40
  SPEAKER_00: It is 7:30 as we're recording this.
• 5:43
  SPEAKER_00: So we're gonna have durable goods, housing price index, SP, home price index, a lot of pressure on the homes lately.
• 5:51
  SPEAKER_00: New home sales.
• 5:52
  SPEAKER_00: Are we selling any?
• 5:53
  SPEAKER_00: And the consumer confidence at nine.
• 5:57
  SPEAKER_00: Interesting day there.
• 5:58
  SPEAKER_00: We have some economic there.
• 6:01
  SPEAKER_00: All right, that's the show.
• 6:03
  SPEAKER_00: Agble Intel,$25 a month,$250 annually.
• 6:06
  SPEAKER_00: Of course, I told you you could join with Jim.
• 6:09
  SPEAKER_00: I want to say, I don't want to predict, but Davis can have another great guest today.
• 6:13
  SPEAKER_00: Make sure you check Ag Squawk in the afternoon with Mr.
• 6:18
  SPEAKER_00: Davis Michelson.
• 6:19
  SPEAKER_00: Of course, this is AgSquawk AM.
• 6:21
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• 6:25
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• 6:28
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• 6:37
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• 6:45
  SPEAKER_00: For you home gamers out there, Weiss Myers Perspective has now moved to the premium side and it's right there.
• 6:51
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• 6:53
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• 7:05
  SPEAKER_00: And with that, hey, if you subscribe to Agble Intel, did you get your free speaker?
• 7:12
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• 7:15
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• 7:18
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• 7:21
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• 7:24
  SPEAKER_00: Okay, I'm gonna hop off.
• 7:25
  SPEAKER_00: I'm gonna jump on a conference call every morning at 745, NASVIC and my friend Mike Sands.
• 7:32
  SPEAKER_00: We do this call called Before the Bell with Mike Sands.
• 7:36
  SPEAKER_00: It's a subscriber only.
• 7:37
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• 7:39
  SPEAKER_00: We have a very, very strong cattle program and cattle videos.
• 7:44
  SPEAKER_00: This afternoon, Jed Sidwell is gonna sit down with Mike Sands and do a Fat Tuesday video.
• 7:50
  SPEAKER_00: Subscriber only says nine-one on the slide.
• 7:53
  SPEAKER_00: Fat Tuesday.
• 7:54
  SPEAKER_00: Sometimes record on a Tuesday, sometimes on a Wednesday, but Mike Sands, Jed Sidwell are going to do a long form cattle video.
• 8:01
  SPEAKER_00: With that, thank you for joining the show.
• 8:04
  SPEAKER_00: Questions, comments, drop them below.
• 8:06
  SPEAKER_00: If you need anything, give us a call.
• 8:08
  SPEAKER_00: 1855-737 Farm.
• 8:12
  SPEAKER_00: 1855-737 Farm.
• 8:14
  SPEAKER_00: We'll catch you in the morning.