The government's shut down, exports are dark, and someone just "found" 200 million bushels of corn. In this week's Hedge Heads, Jon Prischmann and Ryan Tungseth dig into a market that refuses to move—where corn's too expensive, wheat's too cheap, and soybeans can't seem to catch a break. They talk through why full carry and weak basis mean defense is the only smart play right now, why cheap options might be the best opportunity we've seen in years, and how to think about storage, calls, and straddles heading into winter.
They also touch on cattle's unstoppable run, why feeder prices may not add up, and what a "reset" could look like for the broader economy.
