The Ever.Ag Podcast

Market volatility remains front and center as dairy and feed markets navigate a mix of seasonal trends, global uncertainty, and shifting input costs. In this episode of Ag Smarter – The Dairy Feed, the team breaks down a “Goldilocks” milk production report, what to watch as we head into Q2 pricing, and why fertilizer costs could play a major role in planting decisions. Plus, Jake Kingsley delivers Words from Wichita, highlighting recent swings in corn and soybean meal, geopolitical impacts on feed markets, and key buying opportunities for producers. Stay ahead of what’s moving—and what it means for your operation. _EVER.AG INSURANCE SERVICES IS A LICENSED INSURANCE AGENCY AND AN AFFILIATE OF EVER.AG. INFORMATION CONTAINED HEREIN IN THIS WEBSITE IS COMPILED FOR THE CONVENIENCE OF THE USER. INFORMATION IS OBTAINED FROM SOURCES BELIEVED TO BE RELIABLE AND IS FURNISHED WITHOUT RESPONSIBILITY FOR ACCURACY OR CONTENT. MARKET DATA IS SUBJECT TO CHANGE AT ANY TIME. Ever.Ag is a licensed insurance agency in the following states: AZ, CA, CO, CT, FL, GA, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MO, MT, NE, NV, NH, NM, NY, NC, ND, OK, OH, OR, PA, RI, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY. This agency is a equal opportunity provider. 

The latest Global Dairy Trade (GDT) auction came in essentially unchanged after five consecutive gains, but the underlying story tells a more nuanced tale. Skim milk powder jumped more than 5%, butter rose over 2% and mozzarella edged higher, while whole milk powder fell about 4%, pulling the overall index flat. In this week’s GDT Tuesday discussion, Cody Koster and Brian Fletcher break down the key drivers behind the results—including Mexico’s sharp increase in buying activity, shifting regional demand, and continued price divergence between global suppliers.With US nonfat dry milk trading well above competing global supplies, buyers like Mexico appear to be sourcing cheaper alternatives through GDT. They also examine subdued buying from North Asia, the impact of a major dairy ingredients conference in China, and why US cheese may remain highly competitive in export markets as European prices continue to run higher._Disclaimer: TRADING FUTURES AND OPTIONS ON FUTURES INVOLVES SIGNIFICANT RISK OF LOSS AND MAY NOT BE SUITABLE FOR EVERYONE. THEREFORE, CAREFULLY CONSIDER WHETHER SUCH TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION. PAST RESULTS ARE NOT INDICATIVE OF FUTURE RESULTS. THE INFORMATION AND COMMENTS CONTAINED HEREIN ARE PROVIDED BY EVER.AG AS GENERAL COMMENTARY OF MARKET CONDITIONS. THIS INFORMATION SHOULD NOT BE INTERPRETED AS TRADING ADVICE OR RECOMMENDATION WITHOUT FURTHER DISCUSSION WITH YOUR EVER.AG ADVISOR. THIS IS A MATTER OF SOLICITATION.EVER.AG INSURANCE SERVICES IS A LICENSED INSURANCE AGENCY AND AN AFFILIATE OF EVER.AG. INFORMATION CONTAINED HEREIN IN THIS WEBSITE IS COMPILED FOR THE CONVENIENCE OF THE USER. INFORMATION IS OBTAINED FROM SOURCES BELIEVED TO BE RELIABLE AND IS FURNISHED WITHOUT RESPONSIBILITY FOR ACCURACY OR CONTENT. MARKET DATA IS SUBJECT TO CHANGE AT ANY TIME. Ever.Ag is a licensed insurance agency in the following states: AZ, CA, CO, CT, FL, GA, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MO, MT, NE, NV, NH, NM, NY, NC, ND, OK, OH, OR, PA, RI, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY.--The following music was used for this media project:Music: Funky Intro 29 by TaigaSoundProdFree download: https://filmmusic.io/song/9520-funky-intro-29License (CC BY 4.0): https://filmmusic.io/standard-licenseArtist website: https://linktr.ee/taigasoundprod© Ever.Ag 2026, confidential and proprietary.

Grain and feed markets saw sharp volatility this week as soybean futures and soybean oil closed limit down while corn prices also pulled back. In this episode of Ag Smarter – The Dairy Feed, Kathleen Wolfley and Jim Matthews break down what the latest market moves mean for dairy producers and feed costs. The conversation covers strong US dairy export demand—especially for cheese and butterfat—along with rising energy prices, fertilizer concerns, and how a strengthening US dollar could create headwinds for dairy trade. Jake Kingsley also joins with this week’s Words from Wichita, explaining the recent market whiplash, farmer selling during the rally, and what it means for basis levels and feed buying strategies. Stay ahead of the markets with weekly insights on dairy, grain, and feed trends shaping producer decisions._EVER.AG INSURANCE SERVICES IS A LICENSED INSURANCE AGENCY AND AN AFFILIATE OF EVER.AG. INFORMATION CONTAINED HEREIN IN THIS WEBSITE IS COMPILED FOR THE CONVENIENCE OF THE USER. INFORMATION IS OBTAINED FROM SOURCES BELIEVED TO BE RELIABLE AND IS FURNISHED WITHOUT RESPONSIBILITY FOR ACCURACY OR CONTENT. MARKET DATA IS SUBJECT TO CHANGE AT ANY TIME. Ever.Ag is a licensed insurance agency in the following states: AZ, CA, CO, CT, FL, GA, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MO, MT, NE, NV, NH, NM, NY, NC, ND, OK, OH, OR, PA, RI, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY. This agency is a equal opportunity provider. 

Geopolitical tension in the Middle East is driving volatility across energy, feed, and dairy markets. In this episode of Ag Smarter – The Dairy Feed, the Ever.Ag team breaks down what rising crude oil prices, shifting export dynamics, and heavy milk supply could mean for dairy producers heading into spring. Kathleen Wolfley and Jim Matthews discuss how global shipping disruptions and fuel costs are influencing feed markets, while Katie Burgess shares key insights on dairy price movement, herd expansion, and risk management strategies producers should be considering right now. And Jake Kingsley brings in his Words from Wichita with some commentary for rail-dependent markets. EVER.AG INSURANCE SERVICES IS A LICENSED INSURANCE AGENCY AND AN AFFILIATE OF EVER.AG. INFORMATION CONTAINED HEREIN IN THIS WEBSITE IS COMPILED FOR THE CONVENIENCE OF THE USER. INFORMATION IS OBTAINED FROM SOURCES BELIEVED TO BE RELIABLE AND IS FURNISHED WITHOUT RESPONSIBILITY FOR ACCURACY OR CONTENT. MARKET DATA IS SUBJECT TO CHANGE AT ANY TIME. Ever.Ag is a licensed insurance agency in the following states: AZ, CA, CO, CT, FL, GA, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MO, MT, NE, NV, NH, NM, NY, NC, ND, OK, OH, OR, PA, RI, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY. This agency is a equal opportunity provider. 

In this inaugural episode of Ag Smarter: The Dairy Feed, Kathleen Wolfley and Jim Matthews break down escalating Middle East tensions and what they mean for grain, feed, energy, and dairy markets. With crude oil pushing above $75 per barrel and volatility returning to corn and soybean meal, input costs are back in focus for dairy producers.Jake Kingsley joins with a cash feed update, covering corn basis trends, firming canola markets following China-Canada trade developments, protein dynamics, and outlooks for cottonseed and byproducts. Cody Koster dives into the latest Global Dairy Trade results, highlighting strength in mozzarella, butter, and whole milk powder, while discussing Class III and IV price movement, Spring flush expectations, component growth, and forward hedging opportunities into 2026. From geopolitical risk to milk components and export ceilings, this episode delivers clear, timely insight on what’s moving markets — and what it means for your operation._Disclaimer: TRADING FUTURES AND OPTIONS ON FUTURES INVOLVES SIGNIFICANT RISK OF LOSS AND MAY NOT BE SUITABLE FOR EVERYONE. THEREFORE, CAREFULLY CONSIDER WHETHER SUCH TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION. PAST RESULTS ARE NOT INDICATIVE OF FUTURE RESULTS. THE INFORMATION AND COMMENTS CONTAINED HEREIN ARE PROVIDED BY EVER.AG AS GENERAL COMMENTARY OF MARKET CONDITIONS. THIS INFORMATION SHOULD NOT BE INTERPRETED AS TRADING ADVICE OR RECOMMENDATION WITHOUT FURTHER DISCUSSION WITH YOUR EVER.AG ADVISOR. THIS IS A MATTER OF SOLICITATION.EVER.AG INSURANCE SERVICES IS A LICENSED INSURANCE AGENCY AND AN AFFILIATE OF EVER.AG. INFORMATION CONTAINED HEREIN IN THIS WEBSITE IS COMPILED FOR THE CONVENIENCE OF THE USER. INFORMATION IS OBTAINED FROM SOURCES BELIEVED TO BE RELIABLE AND IS FURNISHED WITHOUT RESPONSIBILITY FOR ACCURACY OR CONTENT. MARKET DATA IS SUBJECT TO CHANGE AT ANY TIME. Ever.Ag is a licensed insurance agency in the following states: AZ, CA, CO, CT, FL, GA, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MO, MT, NE, NV, NH, NM, NY, NC, ND, OK, OH, OR, PA, RI, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY.--The following music was used for this media project:License (CC BY 4.0): https://filmmusic.io/standard-licenseArtist website: https://linktr.ee/taigasoundprod© Ever.Ag 2026, confidential and proprietary.

The Global Dairy Trade index climbed another 5.7%, marking the fifth consecutive higher auction. Mozzarella jumped 8% to $1.90, butter and AMF posted solid gains, and skim milk powder surged over 9%—but regional buying shifts tell the deeper story.With US nonfat prices previously outpacing global markets, Mexico emerged as a key buyer on the GDT scene. Southeast Asia stepped back, suggesting international price convergence. Is CME powder running out of momentum? Will Mexico remain the swing buyer?Meanwhile, EU mozzarella prices rose to levels that put CME cheese prices within export contention. With heavy US milk and cheese production, global sales are critical to keeping the US cheese market balanced.Cody and Jon break down the numbers, the nuance, and what to watch heading into the next GDT._Disclaimer: TRADING FUTURES AND OPTIONS ON FUTURES INVOLVES SIGNIFICANT RISK OF LOSS AND MAY NOT BE SUITABLE FOR EVERYONE. THEREFORE, CAREFULLY CONSIDER WHETHER SUCH TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION. PAST RESULTS ARE NOT INDICATIVE OF FUTURE RESULTS. THE INFORMATION AND COMMENTS CONTAINED HEREIN ARE PROVIDED BY EVER.AG AS GENERAL COMMENTARY OF MARKET CONDITIONS. THIS INFORMATION SHOULD NOT BE INTERPRETED AS TRADING ADVICE OR RECOMMENDATION WITHOUT FURTHER DISCUSSION WITH YOUR EVER.AG ADVISOR. THIS IS A MATTER OF SOLICITATION.EVER.AG INSURANCE SERVICES IS A LICENSED INSURANCE AGENCY AND AN AFFILIATE OF EVER.AG. INFORMATION CONTAINED HEREIN IN THIS WEBSITE IS COMPILED FOR THE CONVENIENCE OF THE USER. INFORMATION IS OBTAINED FROM SOURCES BELIEVED TO BE RELIABLE AND IS FURNISHED WITHOUT RESPONSIBILITY FOR ACCURACY OR CONTENT. MARKET DATA IS SUBJECT TO CHANGE AT ANY TIME. Ever.Ag is a licensed insurance agency in the following states: AZ, CA, CO, CT, FL, GA, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MO, MT, NE, NV, NH, NM, NY, NC, ND, OK, OH, OR, PA, RI, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY.--The following music was used for this media project:Music: Funky Intro 29 by TaigaSoundProdFree download: https://filmmusic.io/song/9520-funky-intro-29License (CC BY 4.0): https://filmmusic.io/standard-licenseArtist website: https://linktr.ee/taigasoundprod© Ever.Ag 2026, confidential and proprietary.

Global Dairy Trade prices rose for the fourth straight auction, with the index up 3.6% and butter surging nearly 10%. In this episode, Cody Koster and Jon Spainhour break down key moves across butter, cheese, powders, and regional buying trends—highlighting export opportunities, softer-than-expected skim milk powder gains, and the role of China and Southeast Asia. They also examine how strong US nonfat prices and high global milk production could shape markets in the months ahead._Disclaimer: TRADING FUTURES AND OPTIONS ON FUTURES INVOLVES SIGNIFICANT RISK OF LOSS AND MAY NOT BE SUITABLE FOR EVERYONE. THEREFORE, CAREFULLY CONSIDER WHETHER SUCH TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION. PAST RESULTS ARE NOT INDICATIVE OF FUTURE RESULTS. THE INFORMATION AND COMMENTS CONTAINED HEREIN ARE PROVIDED BY EVER.AG AS GENERAL COMMENTARY OF MARKET CONDITIONS. THIS INFORMATION SHOULD NOT BE INTERPRETED AS TRADING ADVICE OR RECOMMENDATION WITHOUT FURTHER DISCUSSION WITH YOUR EVER.AG ADVISOR. THIS IS A MATTER OF SOLICITATION.EVER.AG INSURANCE SERVICES IS A LICENSED INSURANCE AGENCY AND AN AFFILIATE OF EVER.AG. INFORMATION CONTAINED HEREIN IN THIS WEBSITE IS COMPILED FOR THE CONVENIENCE OF THE USER. INFORMATION IS OBTAINED FROM SOURCES BELIEVED TO BE RELIABLE AND IS FURNISHED WITHOUT RESPONSIBILITY FOR ACCURACY OR CONTENT. MARKET DATA IS SUBJECT TO CHANGE AT ANY TIME. Ever.Ag is a licensed insurance agency in the following states: AZ, CA, CO, CT, FL, GA, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MO, MT, NE, NV, NH, NM, NY, NC, ND, OK, OH, OR, PA, RI, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY.--The following music was used for this media project:Music: Funky Intro 29 by TaigaSoundProdFree download: https://filmmusic.io/song/9520-funky-intro-29License (CC BY 4.0): https://filmmusic.io/standard-licenseArtist website: https://linktr.ee/taigasoundprod© Ever.Ag 2026, confidential and proprietary.

Is the dairy market showing early signs of recovery, or are supply pressures still in control? In this month’s Forecast Update Live, the Ever.Ag Insights team breaks down the latest forecast, including strength in nonfat dry milk, stable butter and cheese outlooks, and ongoing global production growth. Phil Plourd and Matt Gould debate the bull and bear cases, assess domestic and international demand, and explore whether U.S. cheese consumption may be reaching “peak pizza,” delivering clear, practical insight for producers and market participants._Disclaimer: TRADING FUTURES AND OPTIONS ON FUTURES INVOLVES SIGNIFICANT RISK OF LOSS AND MAY NOT BE SUITABLE FOR EVERYONE. THEREFORE, CAREFULLY CONSIDER WHETHER SUCH TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION. PAST RESULTS ARE NOT INDICATIVE OF FUTURE RESULTS. THE INFORMATION AND COMMENTS CONTAINED HEREIN ARE PROVIDED BY EVER.AG AS GENERAL COMMENTARY OF MARKET CONDITIONS. THIS INFORMATION SHOULD NOT BE INTERPRETED AS TRADING ADVICE OR RECOMMENDATION WITHOUT FURTHER DISCUSSION WITH YOUR EVER.AG ADVISOR. THIS IS A MATTER OF SOLICITATION.EVER.AG INSURANCE SERVICES IS A LICENSED INSURANCE AGENCY AND AN AFFILIATE OF EVER.AG. INFORMATION CONTAINED HEREIN IN THIS WEBSITE IS COMPILED FOR THE CONVENIENCE OF THE USER. INFORMATION IS OBTAINED FROM SOURCES BELIEVED TO BE RELIABLE AND IS FURNISHED WITHOUT RESPONSIBILITY FOR ACCURACY OR CONTENT. MARKET DATA IS SUBJECT TO CHANGE AT ANY TIME. Ever.Ag is a licensed insurance agency in the following states: AZ, CA, CO, CT, FL, GA, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MO, MT, NE, NV, NH, NM, NY, NC, ND, OK, OH, OR, PA, RI, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY.--The following music was used for this media project:Music: Funky Intro 29 by TaigaSoundProdFree download: https://filmmusic.io/song/9520-funky-intro-29License (CC BY 4.0): https://filmmusic.io/standard-licenseArtist website: https://linktr.ee/taigasoundprod© Ever.Ag 2026, confidential and proprietary.

In this episode of GDT Tuesday, Cody and Jon break down a delayed but impactful Global Dairy Trade auction that delivered a 6.7% overall gain. With tight supply and strong buyer interest, mozzarella, butter, and powders all posted solid increases. The biggest story: skim milk powder surged nearly 10%, highlighting the growing price gap between U.S. and global markets. The hosts explore how rising U.S. nonfat prices are influencing international trade, buyer behavior, and future competitiveness._Disclaimer: TRADING FUTURES AND OPTIONS ON FUTURES INVOLVES SIGNIFICANT RISK OF LOSS AND MAY NOT BE SUITABLE FOR EVERYONE. THEREFORE, CAREFULLY CONSIDER WHETHER SUCH TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION. PAST RESULTS ARE NOT INDICATIVE OF FUTURE RESULTS. THE INFORMATION AND COMMENTS CONTAINED HEREIN ARE PROVIDED BY EVER.AG AS GENERAL COMMENTARY OF MARKET CONDITIONS. THIS INFORMATION SHOULD NOT BE INTERPRETED AS TRADING ADVICE OR RECOMMENDATION WITHOUT FURTHER DISCUSSION WITH YOUR EVER.AG ADVISOR. THIS IS A MATTER OF SOLICITATION.EVER.AG INSURANCE SERVICES IS A LICENSED INSURANCE AGENCY AND AN AFFILIATE OF EVER.AG. INFORMATION CONTAINED HEREIN IN THIS WEBSITE IS COMPILED FOR THE CONVENIENCE OF THE USER. INFORMATION IS OBTAINED FROM SOURCES BELIEVED TO BE RELIABLE AND IS FURNISHED WITHOUT RESPONSIBILITY FOR ACCURACY OR CONTENT. MARKET DATA IS SUBJECT TO CHANGE AT ANY TIME. Ever.Ag is a licensed insurance agency in the following states: AZ, CA, CO, CT, FL, GA, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MO, MT, NE, NV, NH, NM, NY, NC, ND, OK, OH, OR, PA, RI, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY.--The following music was used for this media project:Music: Funky Intro 29 by TaigaSoundProdFree download: https://filmmusic.io/song/9520-funky-intro-29License (CC BY 4.0): https://filmmusic.io/standard-licenseArtist website: https://linktr.ee/taigasoundprod© Ever.Ag 2026, confidential and proprietary.

Global Dairy Trade prices moved higher for the second auction in a row, with the overall index up 1.5%. In this episode of GDT Review, Ever.Ag’s Cody Koster and Jon Spainhour break down the key movers—from strong gains in AMF and butter to softness in cheese prices—and what those signals mean for US competitiveness in global export markets.The conversation digs into price spreads between the US, EU, and New Zealand, the outsized impact of Middle Eastern buying amid seasonally declining volumes, and why rising prices may be more about short-term bounces than a true shift in fundamentals. With global milk production still strong across the major dairy exporters, the team expects supply to remain the defining force shaping dairy markets heading into February._Disclaimer: TRADING FUTURES AND OPTIONS ON FUTURES INVOLVES SIGNIFICANT RISK OF LOSS AND MAY NOT BE SUITABLE FOR EVERYONE. THEREFORE, CAREFULLY CONSIDER WHETHER SUCH TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION. PAST RESULTS ARE NOT INDICATIVE OF FUTURE RESULTS. THE INFORMATION AND COMMENTS CONTAINED HEREIN ARE PROVIDED BY EVER.AG AS GENERAL COMMENTARY OF MARKET CONDITIONS. THIS INFORMATION SHOULD NOT BE INTERPRETED AS TRADING ADVICE OR RECOMMENDATION WITHOUT FURTHER DISCUSSION WITH YOUR EVER.AG ADVISOR. THIS IS A MATTER OF SOLICITATION.EVER.AG INSURANCE SERVICES IS A LICENSED INSURANCE AGENCY AND AN AFFILIATE OF EVER.AG. INFORMATION CONTAINED HEREIN IN THIS WEBSITE IS COMPILED FOR THE CONVENIENCE OF THE USER. INFORMATION IS OBTAINED FROM SOURCES BELIEVED TO BE RELIABLE AND IS FURNISHED WITHOUT RESPONSIBILITY FOR ACCURACY OR CONTENT. MARKET DATA IS SUBJECT TO CHANGE AT ANY TIME. Ever.Ag is a licensed insurance agency in the following states: AZ, CA, CO, CT, FL, GA, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MO, MT, NE, NV, NH, NM, NY, NC, ND, OK, OH, OR, PA, RI, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY.--The following music was used for this media project:Music: Funky Intro 29 by TaigaSoundProdFree download: https://filmmusic.io/song/9520-funky-intro-29License (CC BY 4.0): https://filmmusic.io/standard-licenseArtist website: https://linktr.ee/taigasoundprod© Ever.Ag 2026, confidential and proprietary.

The Global Dairy Trade auction kicked off 2026 with a long-awaited rebound, posting a 6.3% aggregate gain from the last event — the first higher auction in ten events. In this episode, Cody Koster and John Spainhour break down where the strength showed up.Whole milk powder stole the show with a 7.8% surge, snapping a multi-month slide, while skim milk powder climbed 5.5%, keeping U.S. nonfat prices at a global premium. Butter and AMF also rebounded after four consecutive declines, helping lift overall sentiment.The discussion dives into global price relationships, futures expectations versus reality, and why renewed buying interest — potentially from China, Southeast Asia, and the Middle East — may be emerging as GDT offer volumes begin to ease. Is this a turning point, or simply a bounce in a pattern of prolonged weakness?Tune in for a clear, data-driven breakdown of what changed — and what to watch heading into the next auction._Disclaimer: TRADING FUTURES AND OPTIONS ON FUTURES INVOLVES SIGNIFICANT RISK OF LOSS AND MAY NOT BE SUITABLE FOR EVERYONE. THEREFORE, CAREFULLY CONSIDER WHETHER SUCH TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION. PAST RESULTS ARE NOT INDICATIVE OF FUTURE RESULTS. THE INFORMATION AND COMMENTS CONTAINED HEREIN ARE PROVIDED BY EVER.AG AS GENERAL COMMENTARY OF MARKET CONDITIONS. THIS INFORMATION SHOULD NOT BE INTERPRETED AS TRADING ADVICE OR RECOMMENDATION WITHOUT FURTHER DISCUSSION WITH YOUR EVER.AG ADVISOR. THIS IS A MATTER OF SOLICITATION.EVER.AG INSURANCE SERVICES IS A LICENSED INSURANCE AGENCY AND AN AFFILIATE OF EVER.AG. INFORMATION CONTAINED HEREIN IN THIS WEBSITE IS COMPILED FOR THE CONVENIENCE OF THE USER. INFORMATION IS OBTAINED FROM SOURCES BELIEVED TO BE RELIABLE AND IS FURNISHED WITHOUT RESPONSIBILITY FOR ACCURACY OR CONTENT. MARKET DATA IS SUBJECT TO CHANGE AT ANY TIME. Ever.Ag is a licensed insurance agency in the following states: AZ, CA, CO, CT, FL, GA, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MO, MT, NE, NV, NH, NM, NY, NC, ND, OK, OH, OR, PA, RI, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY.--The following music was used for this media project:Music: Funky Intro 29 by TaigaSoundProdFree download: https://filmmusic.io/song/9520-funky-intro-29License (CC BY 4.0): https://filmmusic.io/standard-licenseArtist website: https://linktr.ee/taigasoundprod© Ever.Ag 2026, confidential and proprietary.

In this special year-end episode of The Grain Feed, the Ever.Ag team wraps up 2025 with a look at where grain, feed, and dairy markets stand heading into the holidays—and what to watch as we turn the calendar to 2026.Jim Matthews is joined by Jake Kingsley and Katie Burgess to break down a recovery in corn, continued pressure in soybeans and meal, and emerging feed-buying opportunities amid weather disruptions and South American crop uncertainty. On the dairy side, Katie walks through recent milk market volatility, the outlook for supply growth, and why exports and seasonal demand—from holiday baking to fast-food promotions—will be critical in the months ahead.The team also discusses upcoming January data risks, including USDA reports, South American weather, acreage expectations, and managed money positioning—before signing off on the final Grain Feed episode in its current form, with a preview of what’s coming next from Ever.Ag Media.Thank you for listening, and happy holidays from The Grain Feed.-Disclaimer: TRADING FUTURES AND OPTIONS ON FUTURES INVOLVES SIGNIFICANT RISK OF LOSS AND MAY NOT BE SUITABLE FOR EVERYONE. THEREFORE, CAREFULLY CONSIDER WHETHER SUCH TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION. PAST RESULTS ARE NOT INDICATIVE OF FUTURE RESULTS. THE INFORMATION AND COMMENTS CONTAINED HEREIN ARE PROVIDED BY EVER.AG AS GENERAL COMMENTARY OF MARKET CONDITIONS. THIS INFORMATION SHOULD NOT BE INTERPRETED AS TRADING ADVICE OR RECOMMENDATION WITHOUT FURTHER DISCUSSION WITH YOUR EVER.AG ADVISOR. THIS IS A MATTER OF SOLICITATION.EVER.AG INSURANCE SERVICES IS A LICENSED INSURANCE AGENCY AND AN AFFILIATE OF EVER.AG. INFORMATION CONTAINED HEREIN IN THIS WEBSITE IS COMPILED FOR THE CONVENIENCE OF THE USER. INFORMATION IS OBTAINED FROM SOURCES BELIEVED TO BE RELIABLE AND IS FURNISHED WITHOUT RESPONSIBILITY FOR ACCURACY OR CONTENT. MARKET DATA IS SUBJECT TO CHANGE AT ANY TIME. Ever.Ag is a licensed insurance agency in the following states: AZ, CA, CO, CT, FL, GA, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MO, MT, NE, NV, NH, NM, NY, NC, ND, OK, OH, OR, PA, RI, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY.--The following music was used for this media project:Music: Funky Intro 29 by TaigaSoundProdFree download: https://filmmusic.io/song/9520-funky-intro-29License (CC BY 4.0): https://filmmusic.io/standard-licenseArtist website: https://linktr.ee/taigasoundprod© Ever.Ag 2025

The final Global Dairy Trade auction of 2025 closed with another broad-based pullback, as the GDT index fell roughly 4.5%—marking the ninth consecutive lower auction. While mozzarella stood out with a nearly 7% gain and cheddar finished unchanged, losses in whole milk powder, skim milk powder, butter, and AMF weighed heavily on the overall result.In this episode, Cody Koster and John Spainhower break down why today’s auction was “lower, but not as bad as expected” in some categories, how futures stacked up against reality, and what surprised markets most—particularly the downside move in skim milk powder. They also dig into regional buying behavior, including China’s return to more typical volumes and the noticeable pullback from Southeast Asia and the Middle East.The conversation wraps with a big-picture look at the global dairy landscape, where expanding milk production across the U.S., EU, New Zealand, and South America continues to pressure prices—despite growing global cheese demand. With supply firmly in the driver’s seat, the team discusses what it may take to rebalance markets as we head into 2026._Disclaimer: TRADING FUTURES AND OPTIONS ON FUTURES INVOLVES SIGNIFICANT RISK OF LOSS AND MAY NOT BE SUITABLE FOR EVERYONE. THEREFORE, CAREFULLY CONSIDER WHETHER SUCH TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION. PAST RESULTS ARE NOT INDICATIVE OF FUTURE RESULTS. THE INFORMATION AND COMMENTS CONTAINED HEREIN ARE PROVIDED BY EVER.AG AS GENERAL COMMENTARY OF MARKET CONDITIONS. THIS INFORMATION SHOULD NOT BE INTERPRETED AS TRADING ADVICE OR RECOMMENDATION WITHOUT FURTHER DISCUSSION WITH YOUR EVER.AG ADVISOR. THIS IS A MATTER OF SOLICITATION.EVER.AG INSURANCE SERVICES IS A LICENSED INSURANCE AGENCY AND AN AFFILIATE OF EVER.AG. INFORMATION CONTAINED HEREIN IN THIS WEBSITE IS COMPILED FOR THE CONVENIENCE OF THE USER. INFORMATION IS OBTAINED FROM SOURCES BELIEVED TO BE RELIABLE AND IS FURNISHED WITHOUT RESPONSIBILITY FOR ACCURACY OR CONTENT. MARKET DATA IS SUBJECT TO CHANGE AT ANY TIME. Ever.Ag is a licensed insurance agency in the following states: AZ, CA, CO, CT, FL, GA, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MO, MT, NE, NV, NH, NM, NY, NC, ND, OK, OH, OR, PA, RI, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY.--The following music was used for this media project:Music: Funky Intro 29 by TaigaSoundProdFree download: https://filmmusic.io/song/9520-funky-intro-29License (CC BY 4.0): https://filmmusic.io/standard-licenseArtist website: https://linktr.ee/taigasoundprod© Ever.Ag 2025, confidential and proprietary.

In the final Parlor to Plate episode of the year—and of this series—host Kathleen Wolfley is joined by a powerhouse panel from Ever.Ag Financial Services to break down the latest global and domestic dairy market signals. The team digs into another lower Global Dairy Trade auction, highlighting continued pressure on whole milk powder, softer global pricing tied to ample supply, and a standout move higher in mozzarella.The conversation then turns to U.S. milk production, where panelists discuss why lower prices haven’t yet triggered meaningful culling, how Class III and Class IV dynamics are shaping producer behavior, and what it may take for supply to finally respond. On the feed side, the group unpacks a well-supplied corn balance sheet, muted feed-cost risk heading into 2026, and what kind of catalyst it would take to meaningfully move grain markets.With insights on risk management, margins, and the road ahead, this episode offers a timely close to the year—and a preview of what’s to come in Ever.Ag’s evolving podcast lineup in 2026._🎧 Join the Ever.Ag Insights team for data-driven perspective and expert commentary connecting dairy markets from parlor to plate.DisclaimerTRADING FUTURES AND OPTIONS ON FUTURES INVOLVES SIGNIFICANT RISK OF LOSS AND MAY NOT BE SUITABLE FOR EVERYONE. THEREFORE, CAREFULLY CONSIDER WHETHER SUCH TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION. PAST RESULTS ARE NOT INDICATIVE OF FUTURE RESULTS. THE INFORMATION AND COMMENTS CONTAINED HEREIN ARE PROVIDED BY EVER.AG AS GENERAL COMMENTARY OF MARKET CONDITIONS. THIS INFORMATION SHOULD NOT BE INTERPRETED AS TRADING ADVICE OR RECOMMENDATION WITHOUT FURTHER DISCUSSION WITH YOUR EVER.AG ADVISOR. THIS IS A MATTER OF SOLICITATION.EVER.AG INSURANCE SERVICES IS A LICENSED INSURANCE AGENCY AND AN AFFILIATE OF EVER.AG. INFORMATION CONTAINED HEREIN IS COMPILED FOR THE CONVENIENCE OF THE USER. INFORMATION IS OBTAINED FROM SOURCES BELIEVED TO BE RELIABLE AND IS FURNISHED WITHOUT RESPONSIBILITY FOR ACCURACY OR CONTENT. MARKET DATA IS SUBJECT TO CHANGE AT ANY TIME. Ever.Ag is a licensed insurance agency in the following states: AZ, CA, CO, CT, FL, GA, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MO, MT, NE, NV, NH, NM, NY, NC, ND, OK, OH, OR, PA, RI, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY.Music AttributionMusic: Funky Intro 29 by TaigaSoundProdFree download: https://filmmusic.io/song/9520-funky-intro-29License (CC BY 4.0): https://filmmusic.io/standard-licenseArtist website: https://linktr.ee/taigasoundprod© Ever.Ag 2025 — confidential and proprietary

This week on The Grain Feed, Jim, Jake, and Verl break down a deceptively quiet December WASDE that still sent ripples through corn, soybean, and wheat markets. After an early brawl over hard red vs. soft red winter wheat, the team walks through crop conditions, dormancy fundamentals, and why Kansas City wheat continues to command protein premiums.With corn exports running hot, the group discusses how strong global demand is propping up prices despite a hefty 2-billion-bushel balance sheet. Soybeans, meanwhile, continue their descent as China’s anticipated buying program fails to materialize—raising real questions about whether USDA will be forced to cut export projections in the January report.Jake also delivers a deep dive into protein and soybean meal, exploring crush margins, renewable diesel policy uncertainty, and how future EPA mandates could shift domestic oil and feed values.Packed with market insights and weather chatter, this episode gives producers a grounded, practical view of what’s moving grain markets heading into 2026.-Disclaimer: TRADING FUTURES AND OPTIONS ON FUTURES INVOLVES SIGNIFICANT RISK OF LOSS AND MAY NOT BE SUITABLE FOR EVERYONE. THEREFORE, CAREFULLY CONSIDER WHETHER SUCH TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION. PAST RESULTS ARE NOT INDICATIVE OF FUTURE RESULTS. THE INFORMATION AND COMMENTS CONTAINED HEREIN ARE PROVIDED BY EVER.AG AS GENERAL COMMENTARY OF MARKET CONDITIONS. THIS INFORMATION SHOULD NOT BE INTERPRETED AS TRADING ADVICE OR RECOMMENDATION WITHOUT FURTHER DISCUSSION WITH YOUR EVER.AG ADVISOR. THIS IS A MATTER OF SOLICITATION.EVER.AG INSURANCE SERVICES IS A LICENSED INSURANCE AGENCY AND AN AFFILIATE OF EVER.AG. INFORMATION CONTAINED HEREIN IN THIS WEBSITE IS COMPILED FOR THE CONVENIENCE OF THE USER. INFORMATION IS OBTAINED FROM SOURCES BELIEVED TO BE RELIABLE AND IS FURNISHED WITHOUT RESPONSIBILITY FOR ACCURACY OR CONTENT. MARKET DATA IS SUBJECT TO CHANGE AT ANY TIME. Ever.Ag is a licensed insurance agency in the following states: AZ, CA, CO, CT, FL, GA, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MO, MT, NE, NV, NH, NM, NY, NC, ND, OK, OH, OR, PA, RI, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY.--The following music was used for this media project:Music: Funky Intro 29 by TaigaSoundProdFree download: https://filmmusic.io/song/9520-funky-intro-29License (CC BY 4.0): https://filmmusic.io/standard-licenseArtist website: https://linktr.ee/taigasoundprod© Ever.Ag 2025

This week on Parlor to Plate, host Katie Burgess sits down with Brian Fletcher, Zach Bowers, and Natalie McCarty for a timely breakdown of dairy and grainmarkets as we head into the final stretch of 2025. With spot cheddar falling to $1.35/lb — its lowest level since July 2023 — the team unpacks how global milk production, expanding U.S. cheese capacity, and sharply discounted European mozzarella have shaped today’s downtrend.From the producer perspective, Zach explains why Class III milk checks still feel relatively insulated, why Class IV regions may feel the squeeze sooner, and why early-2026 hedging looks more like cheap insurance than a profit play.Natalie rounds out the conversation with a look at grain and protein inputs, including expectations for the December WASDE, softer soybean and meal markets, and a massive Canadian canola crop that is adding welcome relief to producer feed costs.If you manage dairy price risk—or just want to understand the forces moving milk, cheese, and feed markets—this episode offers clear, actionable insight heading into 2026._🎧 Join the Ever.Ag Insights team for data-driven perspective and expert commentary connecting dairy markets from parlor to plate.DisclaimerTRADING FUTURES AND OPTIONS ON FUTURES INVOLVES SIGNIFICANT RISK OF LOSS AND MAY NOT BE SUITABLE FOR EVERYONE. THEREFORE, CAREFULLY CONSIDER WHETHER SUCH TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION. PAST RESULTS ARE NOT INDICATIVE OF FUTURE RESULTS. THE INFORMATION AND COMMENTS CONTAINED HEREIN ARE PROVIDED BY EVER.AG AS GENERAL COMMENTARY OF MARKET CONDITIONS. THIS INFORMATION SHOULD NOT BE INTERPRETED AS TRADING ADVICE OR RECOMMENDATION WITHOUT FURTHER DISCUSSION WITH YOUR EVER.AG ADVISOR. THIS IS A MATTER OF SOLICITATION.EVER.AG INSURANCE SERVICES IS A LICENSED INSURANCE AGENCY AND AN AFFILIATE OF EVER.AG. INFORMATION CONTAINED HEREIN IS COMPILED FOR THE CONVENIENCE OF THE USER. INFORMATION IS OBTAINED FROM SOURCES BELIEVED TO BE RELIABLE AND IS FURNISHED WITHOUT RESPONSIBILITY FOR ACCURACY OR CONTENT. MARKET DATA IS SUBJECT TO CHANGE AT ANY TIME. Ever.Ag is a licensed insurance agency in the following states: AZ, CA, CO, CT, FL, GA, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MO, MT, NE, NV, NH, NM, NY, NC, ND, OK, OH, OR, PA, RI, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY.Music AttributionMusic: Funky Intro 29 by TaigaSoundProdFree download: https://filmmusic.io/song/9520-funky-intro-29License (CC BY 4.0): https://filmmusic.io/standard-licenseArtist website: https://linktr.ee/taigasoundprod© Ever.Ag 2025 — confidential and proprietary

This week on The Grain Feed, Jim Matthews and Jake Kingsley break down a rare move: corn taking the lead lower as markets brace for next Tuesday’s WASDE report. The team digs into strong U.S. export demand; the likelihood of yield cuts; and where USDA may pull accounting levers to soften the balance-sheet impact.They also cover South America’s near-ideal weather and what record Brazilian and Argentine production could mean for futures. In the protein space, soybean meal continues to ease—off more than $20/ton from recent highs—raising opportunities for producers to extend coverage before China makes a bigger splash in the market or policy shifts disrupt veg-oil dynamics.--Disclaimer: TRADING FUTURES AND OPTIONS ON FUTURES INVOLVES SIGNIFICANT RISK OF LOSS AND MAY NOT BE SUITABLE FOR EVERYONE. THEREFORE, CAREFULLY CONSIDER WHETHER SUCH TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION. PAST RESULTS ARE NOT INDICATIVE OF FUTURE RESULTS. THE INFORMATION AND COMMENTS CONTAINED HEREIN ARE PROVIDED BY EVER.AG AS GENERAL COMMENTARY OF MARKET CONDITIONS. THIS INFORMATION SHOULD NOT BE INTERPRETED AS TRADING ADVICE OR RECOMMENDATION WITHOUT FURTHER DISCUSSION WITH YOUR EVER.AG ADVISOR. THIS IS A MATTER OF SOLICITATION.EVER.AG INSURANCE SERVICES IS A LICENSED INSURANCE AGENCY AND AN AFFILIATE OF EVER.AG. INFORMATION CONTAINED HEREIN IN THIS WEBSITE IS COMPILED FOR THE CONVENIENCE OF THE USER. INFORMATION IS OBTAINED FROM SOURCES BELIEVED TO BE RELIABLE AND IS FURNISHED WITHOUT RESPONSIBILITY FOR ACCURACY OR CONTENT. MARKET DATA IS SUBJECT TO CHANGE AT ANY TIME. Ever.Ag is a licensed insurance agency in the following states: AZ, CA, CO, CT, FL, GA, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MO, MT, NE, NV, NH, NM, NY, NC, ND, OK, OH, OR, PA, RI, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY.--The following music was used for this media project:Music: Funky Intro 29 by TaigaSoundProdFree download: https://filmmusic.io/song/9520-funky-intro-29License (CC BY 4.0): https://filmmusic.io/standard-licenseArtist website: https://linktr.ee/taigasoundprod© Ever.Ag 2025

GDT posted its eighth consecutive decline this week, driven by heavy global milk supplies and weaker demand signals. Skim milk powder underperformed expectations at –1.7%, while whole milk powder fell 2.5% but beat futures-implied fears. Cheddar was the lone standout, jumping 7.2% on limited New Zealand volume and what appears to be highly targeted Middle East buying. Butter, however, stole the spotlight—dropping 12.2% and extending a decline now totaling more than 37% from recent highs.Regionally, China bought more than last year but less than the previous auction, Southeast Asia stepped back, and the Middle East showed strong activity—likely influencing cheese strength. Across the board, surging milk production in the U.S., Europe, New Zealand, and South America continues to weigh on prices, with supply outpacing demand and tightening U.S. export competitiveness._Disclaimer: TRADING FUTURES AND OPTIONS ON FUTURES INVOLVES SIGNIFICANT RISK OF LOSS AND MAY NOT BE SUITABLE FOR EVERYONE. THEREFORE, CAREFULLY CONSIDER WHETHER SUCH TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION. PAST RESULTS ARE NOT INDICATIVE OF FUTURE RESULTS. THE INFORMATION AND COMMENTS CONTAINED HEREIN ARE PROVIDED BY EVER.AG AS GENERAL COMMENTARY OF MARKET CONDITIONS. THIS INFORMATION SHOULD NOT BE INTERPRETED AS TRADING ADVICE OR RECOMMENDATION WITHOUT FURTHER DISCUSSION WITH YOUR EVER.AG ADVISOR. THIS IS A MATTER OF SOLICITATION.EVER.AG INSURANCE SERVICES IS A LICENSED INSURANCE AGENCY AND AN AFFILIATE OF EVER.AG. INFORMATION CONTAINED HEREIN IN THIS WEBSITE IS COMPILED FOR THE CONVENIENCE OF THE USER. INFORMATION IS OBTAINED FROM SOURCES BELIEVED TO BE RELIABLE AND IS FURNISHED WITHOUT RESPONSIBILITY FOR ACCURACY OR CONTENT. MARKET DATA IS SUBJECT TO CHANGE AT ANY TIME. Ever.Ag is a licensed insurance agency in the following states: AZ, CA, CO, CT, FL, GA, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MO, MT, NE, NV, NH, NM, NY, NC, ND, OK, OH, OR, PA, RI, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY.--The following music was used for this media project:Music: Funky Intro 29 by TaigaSoundProdFree download: https://filmmusic.io/song/9520-funky-intro-29License (CC BY 4.0): https://filmmusic.io/standard-licenseArtist website: https://linktr.ee/taigasoundprod© Ever.Ag 2025, confidential and proprietary.

This week on Parlor to Plate, Kathleen is joined by Jon Spainhour, Katie Burgess, and Britt O’Connell to break down the eighth consecutive GDT decline and why global milk production—across the U.S., EU, and New Zealand—continues to dominate market direction. The team digs into surging cow numbers, stubbornly strong component levels, and when supply might finally tighten. Plus, a look at post-harvest feed markets, soybean uncertainty, and what producers should watch heading into early 2026._🎧 Join the Ever.Ag Insights team for data-driven perspective and expert commentary connecting dairy markets from parlor to plate.DisclaimerTRADING FUTURES AND OPTIONS ON FUTURES INVOLVES SIGNIFICANT RISK OF LOSS AND MAY NOT BE SUITABLE FOR EVERYONE. THEREFORE, CAREFULLY CONSIDER WHETHER SUCH TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION. PAST RESULTS ARE NOT INDICATIVE OF FUTURE RESULTS. THE INFORMATION AND COMMENTS CONTAINED HEREIN ARE PROVIDED BY EVER.AG AS GENERAL COMMENTARY OF MARKET CONDITIONS. THIS INFORMATION SHOULD NOT BE INTERPRETED AS TRADING ADVICE OR RECOMMENDATION WITHOUT FURTHER DISCUSSION WITH YOUR EVER.AG ADVISOR. THIS IS A MATTER OF SOLICITATION.EVER.AG INSURANCE SERVICES IS A LICENSED INSURANCE AGENCY AND AN AFFILIATE OF EVER.AG. INFORMATION CONTAINED HEREIN IS COMPILED FOR THE CONVENIENCE OF THE USER. INFORMATION IS OBTAINED FROM SOURCES BELIEVED TO BE RELIABLE AND IS FURNISHED WITHOUT RESPONSIBILITY FOR ACCURACY OR CONTENT. MARKET DATA IS SUBJECT TO CHANGE AT ANY TIME. Ever.Ag is a licensed insurance agency in the following states: AZ, CA, CO, CT, FL, GA, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MO, MT, NE, NV, NH, NM, NY, NC, ND, OK, OH, OR, PA, RI, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY.Music AttributionMusic: Funky Intro 29 by TaigaSoundProdFree download: https://filmmusic.io/song/9520-funky-intro-29License (CC BY 4.0): https://filmmusic.io/standard-licenseArtist website: https://linktr.ee/taigasoundprod© Ever.Ag 2025 — confidential and proprietary.

This week on The Grain Feed, Jim, Jake, and first-timer Owen break down a surprisingly quiet Thanksgiving-week marketplace on the grain side—while the cattle complex delivers anything but calm. The team unpacks the limit-down reaction to Tyson’s closure of its Lexington beef plant, the ripple effects of Argentine and Brazilian trade headlines, and ongoing uncertainty around Mexico’s feeder-cattle border restrictions.On the grain side, harvest is wrapped, South American planting looks strong, government data is still catching up, and markets appear stuck in a seasonal sideways grind. The crew also looks ahead to December WASDE, managed-money positioning, and what producers should consider with corn risk as futures return toward seasonal lows.--Disclaimer: TRADING FUTURES AND OPTIONS ON FUTURES INVOLVES SIGNIFICANT RISK OF LOSS AND MAY NOT BE SUITABLE FOR EVERYONE. THEREFORE, CAREFULLY CONSIDER WHETHER SUCH TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION. PAST RESULTS ARE NOT INDICATIVE OF FUTURE RESULTS. THE INFORMATION AND COMMENTS CONTAINED HEREIN ARE PROVIDED BY EVER.AG AS GENERAL COMMENTARY OF MARKET CONDITIONS. THIS INFORMATION SHOULD NOT BE INTERPRETED AS TRADING ADVICE OR RECOMMENDATION WITHOUT FURTHER DISCUSSION WITH YOUR EVER.AG ADVISOR. THIS IS A MATTER OF SOLICITATION.EVER.AG INSURANCE SERVICES IS A LICENSED INSURANCE AGENCY AND AN AFFILIATE OF EVER.AG. INFORMATION CONTAINED HEREIN IN THIS WEBSITE IS COMPILED FOR THE CONVENIENCE OF THE USER. INFORMATION IS OBTAINED FROM SOURCES BELIEVED TO BE RELIABLE AND IS FURNISHED WITHOUT RESPONSIBILITY FOR ACCURACY OR CONTENT. MARKET DATA IS SUBJECT TO CHANGE AT ANY TIME. Ever.Ag is a licensed insurance agency in the following states: AZ, CA, CO, CT, FL, GA, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MO, MT, NE, NV, NH, NM, NY, NC, ND, OK, OH, OR, PA, RI, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY.--The following music was used for this media project:Music: Funky Intro 29 by TaigaSoundProdFree download: https://filmmusic.io/song/9520-funky-intro-29License (CC BY 4.0): https://filmmusic.io/standard-licenseArtist website: https://linktr.ee/taigasoundprod© Ever.Ag 2025