Latest / AG Bull / AG Squawk AM 9/11/2026 with Jed Sidwell | WASDE Morning Market Check

Transcript

AG Squawk AM 9/11/2026 with Jed Sidwell | WASDE Morning Market Check · AG Bull

• 0:09
  SPEAKER_00: Good morning and welcome to Ag Squawk AM.
• 0:12
  SPEAKER_00: Jed Sidwell here, live from Joliet, Illinois.
• 0:15
  SPEAKER_00: Today is WASD Report Day.
• 0:18
  SPEAKER_00: Also, we're going to be chatting about the exports of pork and this record high diesel price that we've been seeing.
• 0:26
  SPEAKER_00: We'll get to all of that and more here in a bit.
• 0:43
  SPEAKER_00: Live cattle were up not quite two bucks at 217.83.
• 0:47
  SPEAKER_00: Feeder cattle were up around a dollar and seventy-five at 327 and about a half.
• 0:53
  SPEAKER_00: Lean hogs in the front month were up just three ticks in the back.
• 0:57
  SPEAKER_00: They were all red, but the front month closed at 83.15.
• 1:02
  SPEAKER_00: As I quote the grain markets here live, like to shout out our sponsor, plus 500.
• 1:07
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• 1:12
  SPEAKER_00: And as I look here, December corn is at 529.
• 1:16
  SPEAKER_00: November beans kind of came down overnight, but they're kind of making a slight rally now.
• 1:20
  SPEAKER_00: They're at 1321 and a quarter.
• 1:23
  SPEAKER_00: Chicago, December wheat is at 738 even.
• 1:27
  SPEAKER_00: It has been really refreshing to look at the weather here recently.
• 1:31
  SPEAKER_00: It wasn't there for a while, but now it is.
• 1:34
  SPEAKER_00: Sunday kicks off an exceptionally wet five-day stretch across the across the northwestern corn zone belt with core zones across Iowa and neighboring states projected to see around two to four inches.
• 1:45
  SPEAKER_00: Although, even though they're going to see this rain, Mr.
• 1:47
  SPEAKER_00: Craig Solberg is saying it shouldn't impact harvest too much.
• 1:51
  SPEAKER_00: We'll see how that plays out.
• 1:52
  SPEAKER_00: But the cool thing, the really positive area, is that the winter wheat areas of the plains are set for an exceptionally beneficial 15-day stretch of rain with high model agreement on widespread above normal rainfall.
• 2:06
  SPEAKER_00: Great to see that happening.
• 2:09
  SPEAKER_00: And here's the big headline for today.
• 2:11
  SPEAKER_00: It is report day.
• 2:12
  SPEAKER_00: The WASDI comes out at 11 a.m.
• 2:15
  SPEAKER_00: Central today.
• 2:40
  SPEAKER_00: There will be some volatility today.
• 2:43
  SPEAKER_00: So expect that.
• 2:44
  SPEAKER_00: Call your broker, call us.
• 2:46
  SPEAKER_00: We'd love to hear from you at 855-737.
• 2:49
  SPEAKER_00: I'll just go ahead and pop on our phone numbers.
• 2:51
  SPEAKER_00: That way I don't get it wrong, like Davis did yesterday at 855-737 Farm.
• 2:57
  SPEAKER_00: Go ahead and call us anytime.
• 3:01
  SPEAKER_00: On to the livestock market discussion.
• 3:05
  SPEAKER_00: The change in U.S.
• 3:06
  SPEAKER_00: pork in exports by destination is this chart that I have popped up there.
• 3:11
  SPEAKER_00: This is year over year change, green being more exports, red being less.
• 3:16
  SPEAKER_00: And essentially, what it boils down to is that July marks the second straight decline in US pork exports.
• 3:25
  SPEAKER_00: And pretty much the only positive thing is that we're exporting more to Japan.
• 3:30
  SPEAKER_00: If we remove them from the conversation, it our outlook doesn't look so great.
• 3:36
  SPEAKER_00: Also, on the flip side of this, when it comes to imports, we're importing more than ever from Canada.
• 3:43
  SPEAKER_00: And if that you know starts to change, maybe we can see a demand for more internal production if you know this northern border, if we kind of lock down some of the things that happen up there.
• 3:55
  SPEAKER_00: The hog market might be interesting to follow here for the next coming months.
• 4:01
  SPEAKER_00: The chart of the day, and I'm sure you guys have already heard or even seen at the pump, but diesel hits record high prices.
• 4:11
  SPEAKER_00: In California and some places, they have full-on maxed out the limit to which the fuel prices can go.
• 4:19
  SPEAKER_00: Diesel is$9.99 because that's as high as the green numbers on the chart or on the sign next to the highway can go.
• 4:29
  SPEAKER_00: And this is essentially boiled down to a refinery problem because the price of gasoline is incredibly disconnected right now, even though the price of crude has shot up.
• 4:41
  SPEAKER_00: Diesel has took that and ran with it exponentially.
• 4:45
  SPEAKER_00: And as we work towards harvest here, this certainly increases some you know production costs.
• 4:52
  SPEAKER_00: Hopefully, a lot of you guys got your fuel prices contracted.
• 4:56
  SPEAKER_00: If not, Trish trying to run a lot of machinery this fall could be pretty pricey.
• 5:02
  SPEAKER_00: On the economic calendar calendar for today, there's some big ones that come out.
• 5:06
  SPEAKER_00: The CPI comes out here probably right as I release this.
• 5:10
  SPEAKER_00: Go ahead and look at that.
• 5:12
  SPEAKER_00: There's some important things that might come out of that report.
• 5:15
  SPEAKER_00: Export sales come out at the same time.
• 5:17
  SPEAKER_00: The University of Michigan sentiment comes out at 9 a.m.
• 5:20
  SPEAKER_00: And the WASDI report, that's the big one, folks, comes out at 11 a.m.
• 5:25
  SPEAKER_00: Central Time.
• 5:27
  SPEAKER_00: Well, thank you for watching and thank you for listening to Ag Squawk this morning.
• 5:32
  SPEAKER_00: If you're not already subscribed, I encourage you to go on over to our website at AgBull.com and look at some of the things that you have offered to you with a premium subscription, text updates, a morning newsletter, morning cattle updates, premium videos.
• 5:49
  SPEAKER_00: Not to mention, you get priority access to call our phone, pick our brains, see what we're thinking.
• 5:54
  SPEAKER_00: Even if you're not a client of ours, if you're subscribed, you get the access to call the phones and get texts.
• 6:01
  SPEAKER_00: With that, make sure and catch Davis Michelson this afternoon.
• 6:04
  SPEAKER_00: Mr.
• 6:04
  SPEAKER_00: Wiesmeyer will be back this weekend with Wiesmeyer's perspectives, even though him and Tommy took just a slight Labor Day break.
• 6:12
  SPEAKER_00: I'm excited to hear from him again.
• 6:14
  SPEAKER_00: I'll catch you guys on Monday.
• 6:16
  SPEAKER_00: Thank you for watching.
• 6:17
  SPEAKER_00: Thank you for listening.
• 6:18
  SPEAKER_00: I'm Jed Sidwell with Ag Bull Media.
• 6:20
  SPEAKER_00: We're a financial channel that loves agriculture.
• 6:23
  SPEAKER_00: Have a great day.