Latest / AG Bull / AG Squawk AM 7/22/2026 | Morning Ag Markets in Six Minutes

Transcript

AG Squawk AM 7/22/2026 | Morning Ag Markets in Six Minutes · AG Bull

• 0:09
  SPEAKER_00: Good morning and welcome to AgSquawk AM.
• 0:12
  SPEAKER_00: Jed Sidwell here with Ag Bull Media.
• 0:15
  SPEAKER_00: We're a financial channel that loves agriculture.
• 0:18
  SPEAKER_00: Today we're going to talk about weather.
• 0:20
  SPEAKER_00: We're going to talk about Brazil.
• 0:22
  SPEAKER_00: We're going to talk about what's happening over there in Iran.
• 0:25
  SPEAKER_00: We'll get to all of that here in a bit.
• 0:37
  SPEAKER_00: Let's go ahead and quote the livestock market and where they closed yesterday.
• 0:41
  SPEAKER_00: Live cattle were somewhat unchanged.
• 0:43
  SPEAKER_00: The front month of August closed at 226.68 cents, up about 15.
• 0:49
  SPEAKER_00: Feeder cattle were down in the front months, up in the back months.
• 0:53
  SPEAKER_00: August was down$2.45 at$3.49.5.
• 0:57
  SPEAKER_00: Lean hogs were decently unchanged across the board.
• 1:00
  SPEAKER_00: August was at$101.5, up 23 cents.
• 1:05
  SPEAKER_00: As I quote the market here live with our quotes from T4 from plus$500.
• 1:11
  SPEAKER_00: Looking at the September contract in beans, they're at$12.17.
• 1:17
  SPEAKER_00: New crop corn is at$4.81.
• 1:21
  SPEAKER_00: And September Chicago wheat is at$6.95.
• 1:26
  SPEAKER_00: Brought to you by T4 from plus 500.
• 1:30
  SPEAKER_00: On to our weather slides for today.
• 1:32
  SPEAKER_00: We're going to see some relief finally.
• 1:34
  SPEAKER_00: And that is great to hear Mr.
• 1:36
  SPEAKER_00: Craig Solberg with his 72-hour chart here.
• 1:41
  SPEAKER_00: And yeah, like I said, 70s are going to be the high across the corn belt through Friday, which will be a much needed relief for us to cool off, especially if you've been in kind of some of the smoky area like I've been.
• 1:53
  SPEAKER_00: Some cleaner air and cooler temps will be much, much appreciated.
• 1:57
  SPEAKER_00: And Nebraska, northern Missouri, northeast Kansas, then Kansas and southern Iowa are going to see some rains through Thursday and Friday.
• 2:06
  SPEAKER_00: Always great to hear.
• 2:08
  SPEAKER_00: Well, there's other countries that produce corn outside of us, and Brazil is one of our main competitors there.
• 2:15
  SPEAKER_00: Their Sofrena Corn Harvest, which means their second crop corn, had a report come out, and it's sitting at essentially 49.8% as of July 17th.
• 2:28
  SPEAKER_00: That's six points behind last year and seven points behind the five-year average.
• 2:34
  SPEAKER_00: The problem is this is not about a crop condition problem, it's about a weather problem.
• 2:40
  SPEAKER_00: They've seen a ton of rain down there and they've had a hard time drying out the crop, being able to get into fields.
• 2:47
  SPEAKER_00: We need to continue to pay attention to those outside grain markets because they are one of our greatest competitors.
• 2:56
  SPEAKER_00: The Cattle on Feed Report comes out on Friday, and we'll be sure to talk about that.
• 3:00
  SPEAKER_00: I'm sure this afternoon with Mike Sands.
• 3:02
  SPEAKER_00: I know I teased it yesterday that I'm going to be having my Fat Tuesday show with Mike Sands on Tuesday, but this week it's going to happen on Wednesday.
• 3:11
  SPEAKER_00: But we're still dang excited to have it.
• 3:13
  SPEAKER_00: So make sure and catch that on the premium side.
• 3:16
  SPEAKER_00: Find it on our website, Agbull.com.
• 3:19
  SPEAKER_00: We'd love to have you there.
• 3:20
  SPEAKER_00: $25 a month or$250 annually.
• 3:23
  SPEAKER_00: The best cattle show every week to get everything you need to know.
• 3:28
  SPEAKER_00: And then on the macro situation, this is the 11th straight night that we've had attacks and conflict over in the Middle East in Iran.
• 3:39
  SPEAKER_00: I figured I'd pop this up.
• 3:41
  SPEAKER_00: This is a headline from CNBC.
• 3:43
  SPEAKER_00: Stock futures slip as oil prices jump.
• 3:47
  SPEAKER_00: And Marco Rubio saying that Iran is not serious about talks.
• 3:53
  SPEAKER_00: Brent crude was up 5%.
• 3:56
  SPEAKER_00: Stocks are kind of all over the place, mostly down.
• 4:00
  SPEAKER_00: Man, it is just a constant, constant wave of emotions that comes back from Iran.
• 4:07
  SPEAKER_00: It's really sad to see that we've lost some service members over there.
• 4:10
  SPEAKER_00: And man, that just pushes the escalation even further.
• 4:14
  SPEAKER_00: Traders have kind of kept on an eye on oil.
• 4:17
  SPEAKER_00: They fear it could not be good for all markets.
• 4:21
  SPEAKER_00: It would keep consumer prices, consumer goods elevated, which may lead the Federal Reserve to raise rates.
• 4:31
  SPEAKER_00: Man, we'll see if this pushes into nights 12 and 13.
• 4:35
  SPEAKER_00: On the economic calendar for today, the NBA mortgage applications already came out this morning at 6 a.m.
• 4:41
  SPEAKER_00: The EIA energy stocks comes out an hour after the open at 9.30.
• 4:47
  SPEAKER_00: That's all I have for you today.
• 4:49
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• 4:50
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• 4:53
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• 4:54
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• 4:58
  SPEAKER_00: Well, thanks for watching and thanks for listening.
• 5:02
  SPEAKER_00: I'm really glad that you tuned in this morning.
• 5:04
  SPEAKER_00: I'm going to hit the road this afternoon and go to Colorado for a week, but I'll still be doing the morning show from a remote setup there.
• 5:12
  SPEAKER_00: Well, make sure and tune this afternoon to Davis Michelson.
• 5:15
  SPEAKER_00: And as well at 11, I'm going to try and do the Mike Su Mike Sands show, and we'll have that out around noon.
• 5:22
  SPEAKER_00: Well, make sure and pay attention to the markets today.
• 5:25
  SPEAKER_00: If you need more intel in your life, go ahead and go to AgBull.com for our financial channel that loves agriculture.
• 5:32
  SPEAKER_00: Have a great day.