March 30, 2024

MIP Markets with Shawn Hackett - 4 Million Less Acres of Corn

35 minutes

MIP Markets with Shawn Hackett 4 Million Less Acres of Corn

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Summary
In this episode of the Moving Iron Podcast, Casey Seymour interviews Shawn Hackett from Hackett Advisors about the current state of the commodity market. They discuss the recent report on planting intentions and its impact on the market. They also delve into the role of weather in the planting season and the potential for a May freeze. Hackett shares his long-term predictions for the US market, highlighting the importance of monitoring weather patterns and drought conditions. They also touch on the drought conditions in Russia and its potential impact on the global market. Overall, the conversation provides valuable insights for farmers and market participants.

Takeaways
The recent report on planting intentions significantly impacted the market, with corn acres decreasing and soybean acres increasing.

Weather plays a crucial role in the planting season, and a warm and dry April could lead to a quick start to planting and push prices down.

Long-term predictions suggest an elevated risk for a significant crop problem in the US market in the next few years due to cycles and weather patterns.

Drought conditions in the US, particularly in Iowa and Illinois, could significantly impact corn and soybean production.

Drought conditions in Russia, especially in the southern half, could also affect winter wheat
production and the global market.

Chapters
00:00 Introduction and Report Analysis
03:00 Impact of Weather on Planting Season
06:09 Long-Term Predictions for the US Market
07:08 May Freeze and Summer Months
23:43 Drought Conditions in Russia
28:14 Conclusion and Contact Information

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

Presented By @AxonTire @AgDirect @IronSolutions @randallreilly @Fusable @Valleytransinc
Music By: @TalbottBrothers

Host: @casey9673
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