The Supreme Court ruled against President Donald Trump's sweeping global tariffs imposed under the International Emergency Economic Powers Act on Friday. The President responded in a press conference saying other measures would be taken. And the markets didn't seem to know what to think when it was all said and done. Ted Seifried with Zaner Ag Hedge joins us to discuss as we close out the week. More at https://www.zaner.com.

Also as we wrap up the week, the cattle markets are watching multiple items including the Supreme Court tariff ruling, any updates on a potential strike at JBS in Greeley, CO, the cash markets and much more. Scott Varilek with Kooima Kooima Varilek joins us to discuss the cattle, hog and grain markets as we close out the week. More at https://www.kkvtrading.com.

And finally, what does this tariff news mean for the grain and fertilizer markets in the short and long term? Also, regarding fertilizer, what does this week's Executive Order mobilizing the Defense Production Act to safeguard the domestic production of elemental phosphorus and glyphosate-based herbicides mean for the markets? Mike Castle with StoneX joins us to break it all down. More at https://www.stonex.com.

As we saw on Friday, the Supreme Court struck down President Donald Trump's sweeping global tariffs imposed under the International Emergency Economic Powers Act. What does this news mean for the grain and fertilizer markets in the short and long term? Also, regarding fertilizer, what does this week's Executive Order mobilizing the Defense Production Act to safeguard the domestic production of elemental phosphorus and glyphosate-based herbicides mean for the markets? Mike Castle with StoneX joins us to break it all down in our Market Talk Midday Commentary for Friday, February 20th, 2026.

Wheat and crude oil continued their rally on the back of weather and geopolitical risk in those markets. Corn and soybeans were quiet once again as USDA's Ag Outlook Forum projected smaller corn acres and higher soybean acres for the year ahead. Bryan Doherty with Total Farm Marketing joins us to discuss the week in the grain and livestock markets. Find more at https://www.totalfarmarketing.com.

Cash is still king in the cattle market, with Northwest Iowa seeing trades at $250, reinforcing the strength of negotiated cash. Attention now turns to Friday, which brings two potential market movers: the latest Cattle on Feed report and another vote at the JBS plant in Greeley, Colorado. On this week's Cattle Chatter, Brad Kooima with Kooima Kooima Varilek breaks down the strong cash movement, the impact of heavier cattle, and answers a listener question about cattle in Mexico and whether more are now being processed south of the border.

We saw a quieter day in corn and soybeans on Wednesday while we had strength in wheat, crude oil and soybean oil on the session. There are plenty of items at play including weather risk for wheat, geopolitical concerns across the globe, USDA's Ag Outlook Forum kicking off on Thursday, a Cattle on Feed report to end this week and much more. Mike Zuzolo with Global Commodity Analytics joins us to break it all down on today's program. Find more online at https://www.globalcommresearch.com.

Also, we welcome Aaron Bertels from Crossroads Marketing to the show for analysis as we get things started in segment one and we close the show with comments from Mike Castle at StoneX from Wednesday's Midday Commentary.

Wheat and crude oil are the upside leaders at midday on Wednesday with weather and geopolitical risks at play. Mike Castle from StoneX joins us to discuss in our Midday Commentary.

As we continue to watch the soybean market find support, there continues to be more early season chatter about increased soybean acres over corn and other commodities like cotton, rice, etc in 2026. But does it make sense? How does managing our risk come into play? Jacob Burks with AgMarket.net joins us to discuss the grains, livestock and outside markets on today's show. Find more at https://www.agmarket.net.

We have multiple weather features to look at this week across the U.S. including winter weather, high winds and severe thunderstorm potential. Eric Snodgrass with Nutrien Ag Solutions joins us to discuss everything on our plate this week along with thoughts on the drought concerns across much of the country heading towards spring. More at https://www.ag-wx.com.

It's a mixed day of markets as we resume normal trading after the three-day weekend. Arlan Suderman, Chief Commodities Economist at StoneX, joins us to discuss the grain, livestock and outside market factors to watch today and this week ahead.

On Friday, ahead of the holiday weekend, we saw a quieter day overall in the markets with mixed action in grains and livestock. The outside markets seemed to stabilize a bit as well with some strength in gold, silver, etc. Tommy Grisafi with AgBull Media and Nesvick Trading Group joins us for some perspective across the markets into the President's Day weekend. More at https://www.agbull.com.

It has been a much quieter week in the cattle markets as we head to a three-day holiday weekend, with cash trade relatively slow this week. Are we nearing a point where we should be concerned? Is the proverbial "check engine light" on in the cattle market? How about the weaker week in the hog trade? Joe Kooima with Kooima Kooima Varilek joins us to discuss. Learn more at https://www.kkvtrading.com.

Also, we share part of the conversation that Susan Littlefield had earlier this week with Darren Frye from Water Street Solutions in Segment Four of today's show.