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Monday, October 12th, 2026- John Heinberg, Mike Minor and Eric Snodgrass

Monday, October 12th, 2026- John Heinberg, Mike Minor and Eric Snodgrass

Published 1 week, 2 days ago
Description

What's the outlook for corn, cattle and hogs after USDA's October WASDE surprise. John Heinberg of Total Farm Marketing explains what the 1.85 billion bushel corn carryout means for December corn, why storing grain needs a floor, and what is driving a technical breakout in cattle. Also, is corn already priced where it should be? Mike Minor of Professional Ag Marketing breaks down the October WASDE fallout, an 11.3% stocks-to-use ratio, where fund positions stand, and why cattle prices differ between the North and South.

And, Nutrien Ag Solutions atmospheric scientist Eric Snodgrass joins Market Talk for the weekly weather update. He breaks down Hurricane Isaias and how AI forecast models handled the track, the storm system that could start to close the harvest window, what a developing El Niño means for winter, and why he expects U.S. drought coverage to fall sharply by spring. He also checks in on planting progress in Brazil and Argentina. More weather information: agweather.com

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