MIP Markets with Shawn Hackett   Correction Expected in June USDA Report

Moving Iron's Official Data Partner Is Fusable. The Home Iron Solutions And EDA Data. Ignite Your Dealership's Growth With Fusable.com

Move More Iron with Fusable! Get your Free Demo at
https://info.ironsolutions.com/moving-iron-podcast.


Summary
In this episode of the Moving Iron Podcast, Mark Schlissel interviews Sean Hackett from Hackett Financial about the current state of commodities. They discuss the weather conditions affecting crop production, including frosts in Russia and rain in the southern US. Hackett explains the concept of a 'bifurcated flood drought' and how extreme weather patterns impact crop yields worldwide. They also touch on the wheat market, the hog market, and the crop estimates for Brazil and Argentina. Hackett criticizes the USDA's yield estimates and predicts a correction in the June report.

Keywords
#commodities, #weather, #cropproduction, #frost, #rain, #wheatmarket , #hogmarket, #cropestimates, #Brazil, #Argentina, #USDA, #yieldestimates

Takeaways
Extreme weather patterns, such as floods and droughts, impact crop yields worldwide.

The wheat market has rallied, but the USDA's yield estimates may not fully reflect crop conditions.

The hog and cattle markets are currently ambivalent, with prices in a wide-ranging trading range.

The USDA's crop estimates for Brazil and Argentina may not align with the estimates from Conab Brazil.

The USDA is slow to adjust its yield estimates and often corrects them months later.

The June report from the USDA may show a reduction in corn stocks, which could be a bullish factor for the market.


Sound Bites

"We have historic flooding in Southern China destroying the rice and sugar crops, yet we have a significant drought to the north threatening soybeans and corn production."

"Even if Ukraine continues to be able to ship the crop out, it's going to be a much smaller crop anyway, and that, on the margin, is another bullish development for overall supply and demand."

"If the wheat board says the crop looks way worse than the USDA, I think we'll get a reaction."

Chapters
00:00 Introduction and Crop Conditions
03:48 Impact of Extreme Weather on Crop Yields
06:43 Crop Conditions in Ukraine and Russia
10:03 The Wheat Market and USDA Estimates
16:32 Discrepancies in USDA and Conab Brazil Crop Estimates
21:38 Expectations for the June USDA Report
23:56 Conclusion and Buying Opportunities

Click To Watch:
https://youtu.be/p5rTplxgjhI

Click To Listen: 


Presented By @AxonTire @AgDirect @IronSolutions @randallreilly @Fusable @EDAdata @Valleytransinc

Music By: @TalbottBrothers
Host: @casey9673
#agequipmentbusinesstal #letsgomovesomeiron

Contact Me at:
MovingIronLLC.com
movingironpodcast@movingironpodcast.com

MIP Markets With Shawn Hackett - Correction Expected In June USDA Report

On this weeks episode I discuss Machine Reconditioning Process and the Current State of Used Equipment With John Hawkins, Remarketing Manager Martin Sullivan, and Terry Morris of Dawson Tire. John And I take a look at EOP and where we think some opportunities might be in the Used Equipment Market. Terry and I Discuss Tires and how they effect the overall value of a machine and some options Dawson Tire and Wheel has for dealers. For More information about Dawson Tire and Wheel you can visit their website at www.dawsontireandwheel.com. On Social Media you can find them on Facebook, Twitter, and Instagram at Dawson Tire. Dawson Tire also has a Youtube Channel www.youtube.com/user/dawsontireandwheel

If you would like to contact the podcast directly please send your email to movingironpodcast@movingironpodcast.com. I hope you enjoy this episode. 

Show Breakout:  
Intro 0:00 
0:21 John Hawkins Intro
- 0:52 Martin Sullivan Intro
- 1:30 Current Planting Conditions 
- 3:08 John Hawkins Background 
- 7:55 Local Market Conditions Martin Sullivan 
- 10:49 Traditional Product Mix Martin Sullivan and Prairieland Partners 
- 13:21 Leasing Equipment and the Effects on the Marketplace
- 14:57 Current Auction Market How are Local Farm Auctions Effecting the Market 
- 23:04 Macro Level Current Used Equipment Inventories New Selling Habits and Breaking Old Habits 
- 31:00 Planter and Sprayer EOP Outlook 
- 42:09 Combine Market Outlook for the Coming Year 
- 47:40 How Recon Fits into the Sales Process Starting From the Trade Eval 
- 52:40 Recon and Pricing Strategy 
- 59:25 Excellent, Good, Fair, Poor What does this mean 
- 1:11:00 My Interview with Terry Morris of Dawson Tire
- 1:47:37 Outro - Special Thanks to John Hawkins, Terry Morris, Parts, Service, and AMS Folks.

Moving Iron Podcast #2 - Recon Process - John Hawkins And Terry Morris

Moving Iron Podcast #84 – Jerod McDaniels. 

Jerod and I talk about his background, the future of Farm Equipment on the Farm, Adjusting to buying equipment in a downturn, Planters and Planter specs, and Is it the Planter or Auto-steer that deserves the credit for increase in yields.  

Remember if you would like to continue any of these conversations you can hit me up on Facebook, Twitter, or Instagram @MovingIronLLC, Regina at @rrjanousek on Twitter and Regina Narjes on Facebook and Instagram, and you can find Aaron Fintel @aaronfintel on Twitter and Facebook. You can send also send an email at movingironpodcast@movingironpodcast.com. You can also visit the Moving Iron Podcast YouTube Channel. Here you can find After the Bell With Chip Nellinger and Tax Moves with Glen Birnbaum. 

Moving Iron LLC now has a website you can visit, Movingironllc.com. Here you can find information for the 2018 Moving Iron Summit in Las Vegas, Past and current episodes of Moving Iron Podcast, and Articles from Moving Iron Blog. Throughout the year there will be guest bloggers writing on various topics from their point of view. 

If you would like to support the podcast you can leave a review and subscribe to the podcast at your favorite podcast platform. 

You can find this podcast on these podcasting platforms:
iTunes
Google Play
Stitcher radio
Tune In Radio
And Sound Cloud
So, until Next Time… Let's go move some Iron.... This is Casey Seymour…. out.

Moving Iron Podcast #84 - Jerod McDaniel Part 1

MIP #200 – 20/20 Viosn with @AaronFintel 
We recap 2020 and look at 2021

Presented By @TractorZoom 

Music By: @TalbottBrothers 

@casey9673 @traderbrent @Aaronfintel

#AgEquipmentBusinessTalk
#LetsGoMoveSomeIron

MovingIronLLC.com
MovingIronPodcast@MovingIronPodcast.som

#dryshodfootwear #agequipmentbusinesstalk #agmarkets #combine #combinetires #corn #dawsontire #dryshodfootwear #idlechatterpodcast #AgTires #Harvest20 #Tillage #iweardryshodfootwear #plant20 #till20 #tractor #tractortires #tractorzoom #worldeconomy #IronComps

MIP #200 - 20/20 Vision w/ Aaron Fintel

MIP Markets w/ Chip Nellinger 1-10-21
1-309-550-7213, bluereefinc.com @bluereefAG

USDA Report and Corn Was Poppin’

Presented By @TractorZoom 

Music By: @TalbottBrothers 

@casey9673 @traderbrent @Aaronfintel

#AgEquipmentBusinessTalk
#LetsGoMoveSomeIron

MovingIronLLC.com
MovingIronPodcast@MovingIronPodcast.com

#agequipmentbusinesstalk #agmarkets #combine #combinetires #corn #idlechatterpodcast #AgTires #Harvest21 #Tillage #plant21 #till21 #tractor #tractortires #tractorzoom #worldeconomy #IronComps #PrecisionDonor #BornThatWay #Soybeans

MIP Markets w: Chip Nellinger 1-12-21

MIP Markets w/ Shawn Hackett 1-15-21
561-573-3766,  HackettAdvisors.com

All eyes on drought maps and South American, Soon to be,  Corn Planting 

Presented By @TractorZoom 

Music By: @TalbottBrothers 

@casey9673 @traderbrent @Aaronfintel

#AgEquipmentBusinessTalk
#LetsGoMoveSomeIron

MovingIronLLC.com
MovingIronPodcast@MovingIronPodcast.com

#agequipmentbusinesstalk #agmarkets #combine #combinetires #corn #idlechatterpodcast #AgTires #Harvest21 #Tillage #plant21 #till21 #tractor #tractortires #tractorzoom #worldeconomy #IronComps #PrecisionDonor #BornThatWay #Soybeans

MIP Markets With Shawn Hackett - Correction Expected In June USDA Report

Moving Iron Podcast

Related tracks