Latest / AG Bull / AG Squawk AM 6/29/2026 | The Crop Report Looms

Transcript

AG Squawk AM 6/29/2026 | The Crop Report Looms · AG Bull

• 0:09
  SPEAKER_00: Good morning and welcome to Ag Squawk AM.
• 0:11
  SPEAKER_00: Jed Sidwell here, live from Joliet, Illinois.
• 0:15
  SPEAKER_00: This is our first edition of Ag Squawk.
• 0:18
  SPEAKER_00: We're going to keep these shows short, simple, and easy to digest to get you your basic info to get your day started.
• 0:24
  SPEAKER_00: We have some interesting things to talk about with the crop report coming up.
• 0:28
  SPEAKER_00: Iran is up to their shenanigans again.
• 0:30
  SPEAKER_00: Let's go ahead and roll the intro.
• 0:42
  SPEAKER_00: Well, let's go ahead and quote the market on the grain sides to start off with here.
• 0:48
  SPEAKER_00: Soybeans were at 1131 down 10.
• 0:52
  SPEAKER_00: Corn down 9 at 413.
• 0:55
  SPEAKER_00: And wheat was at 585 and a quarter down five and a quarter.
• 0:59
  SPEAKER_00: Unfortunate to see that it's down there across the board.
• 1:01
  SPEAKER_00: Maybe we'll see a bump sometime this week.
• 1:04
  SPEAKER_00: Let's go ahead and quote livestock.
• 1:06
  SPEAKER_00: We had a hog and pig report come out, and my hog friends are saying that it was relatively friendly and the expectations were fairly spot on.
• 1:14
  SPEAKER_00: So the hog number was kind of unchanged there at 96.63 cents.
• 1:19
  SPEAKER_00: Feeder cattle were at 239.70 down$3.60.
• 1:24
  SPEAKER_00: Live cattle were at$2.46 down$1.15.
• 1:29
  SPEAKER_00: Well, onto our weather discussion.
• 1:31
  SPEAKER_00: Craig Solberg brings us our weather, and I always really like that 120-day chart that he has there.
• 1:37
  SPEAKER_00: He's on part of our Nezvik family here and provides us with the best weather updates.
• 1:42
  SPEAKER_00: The Northwest Corn Belt can see daily storms until Thursday this week into northwest Iowa, Nebraska, and Minnesota, about one to two inches there.
• 1:54
  SPEAKER_00: Luckily, though, for the southeastern corn belt, we're gonna have a time to dry out here.
• 1:59
  SPEAKER_00: Tommy told me that he drove from Valparaiso all the way down to Nashville this week, kind of getting the Indiana grain tour in.
• 2:07
  SPEAKER_00: And he said, you know, rain makes grain, but if crops are underwater, our yields there are zero.
• 2:14
  SPEAKER_00: So hopefully we have some time here for allow that moisture to absorb in the soil and the crop to get the benefit of that moisture.
• 2:22
  SPEAKER_00: On to our next slide for the day.
• 2:25
  SPEAKER_00: Our grain report is coming out tomorrow.
• 2:28
  SPEAKER_00: And you know, whether you love them, hate them, don't pay attention to them, I think you probably should pay attention to them because we always see big changes after these reports come out.
• 2:38
  SPEAKER_00: I had a great talk with Tom Leffler on Friday about the percent changes that we can normally see at the end of the month when these things come out.
• 2:46
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• 2:50
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• 2:52
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• 2:54
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• 2:56
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• 3:00
  SPEAKER_00: Regardless of what you're out doing in production agriculture, you get updates on big swings in the market or if a tweet comes out.
• 3:07
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• 3:09
  SPEAKER_00: You find that at AgBull.com.
• 3:11
  SPEAKER_00: The link will be down below.
• 3:14
  SPEAKER_00: But like we said, that report comes out.
• 3:16
  SPEAKER_00: It'll be interesting to see what happens there.
• 3:19
  SPEAKER_00: We'll keep you updated before and after.
• 3:23
  SPEAKER_00: Well, like I said at the beginning show, Iran's at it again.
• 3:26
  SPEAKER_00: And it truly is amazing that at the end of the day on Friday, it's war games again and everyone's bombing one another.
• 3:33
  SPEAKER_00: Then right before the market comes, or right before the the market opens again, it's peace in the Middle East and Christmas in June.
• 3:41
  SPEAKER_00: No one's bombing anybody.
• 3:43
  SPEAKER_00: You have to pay attention to these sort of things when trying to trade oil and things, anything that passes through the Strait of Hormuz, a rising tide brings up all ships, but choppy waters make all markets somewhat volatile.
• 3:57
  SPEAKER_00: So it'll be interesting to see what happens there in the coming weeks before the market closes and opens with regards to Iran and what they're doing with bombs and things like that.
• 4:09
  SPEAKER_00: Well, that's all we have for slides for today.
• 4:12
  SPEAKER_00: To keep you updated on the economic calendar, the export inspections comes out at 10 a.m.
• 4:18
  SPEAKER_00: The crop progress report is at 3.
• 4:20
  SPEAKER_00: It'll be interesting to see what that moisture has kind of done to the crop progress and see if it has any effect on that.
• 4:27
  SPEAKER_00: We'll keep you updated there as well.
• 4:29
  SPEAKER_00: If you'd like to get more ag squawk in your day, I highly encourage you to tune in this afternoon to Mr.
• 4:35
  SPEAKER_00: Davis Michelson at 3 p.m.
• 4:38
  SPEAKER_00: for Ag Squawk P.M.
• 4:39
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• 4:44
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• 4:46
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• 4:59
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• 5:01
  SPEAKER_00: Thanks for watching today.
• 5:03
  SPEAKER_00: Remember, we're with AgBull Media.
• 5:05
  SPEAKER_00: We're a financial channel that loves agriculture.
• 5:08
  SPEAKER_00: Have a great day.