Ryan Tungseth

Markets have been moving higher. On the surface, it looks constructive. Strength across commodities. Outside markets pushing capital into the commodity space has grains and cattle moving up. But underneath? The structure isn’t lining up. Cattle remain bullish but, the grains don't have the fundamentals. The Illusion of Strength There are times when markets rally because demand is improving. And there are times when markets rally because money is flowing in. Right now, this looks a lot more...

Most grain marketing mistakes don’t come from bad market reads. They come from using the wrong strategy for the wrong operation. It’s easy to fall into the trap of thinking there’s a “right” answer—sell here, hedge there, wait for this signal. But the reality is much more unpredictable: What works for one farm can fail completely for another. And the difference usually has nothing to do with price. The Hidden Variable: Your Operation Two farmers can see the exact same market—and need to do...

When Price and Reality Don’t Match For the last few weeks, the market has looked fairly solid because of oil prices. Prices are holding. Some markets are pushing higher. The narrative is clear: food inflation, global uncertainty, money flowing into commodities. On the surface, it all makes sense. But underneath? Things don’t quite line up. And when price and structure start telling different stories, that’s when markets tend to surprise people. The Real Driver Right Now: Money Flow, Not...