Moving Iron Podcast

Click To Listen:

https://moving-iron-podcast.simplecast.com/episodes/mip-markets-with-shawn-hackett-long-term-weather-volatility-and-commodity-prices

Click To Watch:

https://youtu.be/hFxdU-AXYjE

 

Chapters

00:00 Solar Cycles and Weather Volatility

06:19 Understanding the 11-Year Solar Cycle

14:36 The Gleissberg Cycle and Sea Surface Temperatures

27:26 The Prospects of a Cooling Trend

40:23 The Cooling Oceans and Their Impact

45:38 The Reversal of the Beaufort-Gyre

51:32 The Effects of Volcanic Eruptions

58:25 Changing Weather Patterns in South America

01:09:16 The Importance of Proactive Farming and Insurance

• Solar cycles and grand solar minimums have a significant impact on weather volatility.
• The activity of the sun, influenced by the motion of planets, drives long-term weather patterns.
• The 11-year solar cycle and the sun's wobbling motion around its barycenter affect solar output and solar wind.
• The Gleissberg cycle, an 89-year cycle, affects sea surface temperatures and weather patterns.
• The weather volatility cycle is predicted to peak in the late 2030s, with a cooling trend expected to begin after 2025. The Pacific and Atlantic oceans show signs of cooling, affecting weather patterns and agriculture.
• The reversal of the Beaufort-Gyere, a counterclockwise rotation of melting ice, can lead to increased weather volatility and cooling temperatures.
• Volcanic eruptions, especially those that release sulfur dioxide aerosols, can significantly impact global weather patterns and crop production.
• Deforestation in Brazil, particularly in the Amazon rainforest, is causing a decline in precipitation and changing weather patterns in the region.
• Proactive farming and insurance are crucial in navigating the agricultural industry's increasing weather volatility and price fluctuations.

Sound Bites

• "We are in an escalating weather volatility cycle."
• "Long-term weather volatility is driven by the activity of the sun and the solar wind."
• "This is really what drives or what is driving, according to us, this weather volatility cycle."
• "There's no example of that ever happening and I don't think it's going to happen now."
• "These are the different phases, combinations of the Atlantic and the Pacific."
• "We're not in a perpetual change in the pattern. What we were in is that"

 

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

 

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Presented By @AxonTire @AgDirect @IronSolutions @FusableData @EDAdata @Valleytransinc 

Music By: @TalbottBrothers 

Host: @casey9673 

#agequipmentbusinesstal #letsgomovesomeiron 

Contact Me at: 

MovingIronLLC.com 

[email protected]

See omnystudio.com/listener for privacy information.

Click To Listen:

https://moving-iron-podcast.simplecast.com/episodes/mip-441-presented-by-iron-solutions-the-mix-of-combines-at-auctions-a-diverse-market

Click To Watch:

https://youtu.be/pbqQaBAz0po

 

Takeaways

• The mix of combines being sold at auctions is more diverse than usual, with different brands represented.
• The combine market may be reaching a saturation point, with an abundance of inventory available.
• Specs play a crucial role in determining equipment values, and certain features can significantly impact prices.
• Selling planters and four-wheel-drive tractors can be challenging due to the high number of available units.
• Product upgrade kits (pucks) are a growing trend that can affect equipment values.
• Effective communication and access to accurate data are essential for making informed equipment valuations.

Sound Bites

• "The mix of combines is more diverse than usual."
• "The combine market may be reaching a saturation point."
• "Specs play a crucial role in determining equipment values."

Chapters

00:00Introduction and Overview

03:12The Mix of Combines at Auctions

07:08The Saturation Point in the Combine Market

14:30The Impact of Specs on Equipment Values

26:10The Growing Trend of Product Upgrade Kits (Pucks)

32:53The Importance of Communication and Data in Equipment Valuations

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

info.ironsolutions.com/moving-iron-podcast.

 

Presented By @AxonTire @AgDirect @IronSolutions @FusableData @EDAdata @Valleytransinc 

Music By: @TalbottBrothers 

Host: @casey9673 

#agequipmentbusinesstal #letsgomovesomeiron 

Contact Me at: 

MovingIronLLC.com 

[email protected]

See omnystudio.com/listener for privacy information.

Click to Listen:

https://moving-iron-podcast.simplecast.com/episodes/mip-markets-with-shawn-hackett-june-usda-report-recap

Click To Watch:

https://youtu.be/gWmeoPXUhLU

 

Takeaways

• The USDA report showed that the acreage for corn was larger than expected, leading to a bearish reaction in the market.
• The actual production of corn depends on harvested acres, which may be lower due to wet conditions in certain areas.
• In future reports, the market will likely adjust to the lower harvested acres.
• Cotton acres were higher than anticipated, but weather risks during the crop's maturing stage are a concern.
• Weather conditions during corn pollination in July will be crucial for determining crop yield.

Sound Bites

• "This number was a little over a million acres larger than what the average analyst thought they were going to say."
• "Lots of the acres for corn that were planted in those areas that have been underwater and continue to be underwater are not going to be harvested."
• "We could be maximizing the negative effects of this report today and possibly there could be a little follow through potentially on Monday."

Chapters

00:00 Introduction and USDA Report Overview

00:29 Bearish Market Reaction to Larger Corn Acreage

03:50 Maximizing Negative Effects of the Report

05:11 Corn Acreage and Market Impact

09:55 Higher Cotton Acres and Weather Risks

12:43 Concerns about Cotton Production

13:58 Upcoming Live Q&A Presentation

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

info.ironsolutions.com/moving-iron-podcast.

 

Presented By @AxonTire @AgDirect @IronSolutions @FusableData @EDAdata @Valleytransinc 

Music By: @TalbottBrothers 

Host: @casey9673 

#agequipmentbusinesstal #letsgomovesomeiron 

Contact Me at: 

MovingIronLLC.com 

[email protected]

See omnystudio.com/listener for privacy information.

• Florida experiences a unique weather dichotomy with hot temperatures outside and cold ice rinks inside during the summer.
• The upcoming hurricane season in Florida may not be as active as in previous years due to neutral sea surface temperature conditions and the positioning of the Bermuda High.
• Weather conditions, particularly heat and warm nights, will be crucial for crop yields, especially those of corn and soybeans.
• The cattle market remains strong despite weak consumer demand, and there is potential for further price increases if the US decides to rebuild the herd.
• China's soybean imports from the US may increase if weather conditions in July and August affect the soybean crop in Brazil.
• Russia's export restrictions and the potential for lower crop production due to drought and heat influence the wheat market.
• Rice may play a role in offsetting the wheat supply issues in the world market.
• Overall, market volatility is expected due to weather conditions and consumer demand.

Click To Watch: https://youtu.be/6mW3iHbneZo

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

info.ironsolutions.com/moving-iron-podcast.

 

Presented By @AxonTire @AgDirect @IronSolutions @FusableData @EDAdata @Valleytransinc 

Music By: @TalbottBrothers 

Host: @casey9673 

#agequipmentbusinesstal #letsgomovesomeiron 

Contact Me at: 

MovingIronLLC.com 

[email protected]

See omnystudio.com/listener for privacy information.

• The weather pattern of a semi-permanent high in the Midwest and a permanent low in the Gulf of Mexico is expected to result in extremely hot temperatures in the North and wet conditions in the South, potentially leading to lower crop yields.
• The current administration is focused on keeping inflation down, which may influence the Federal Reserve's decision on interest rates.
• The strength of the dollar and weather conditions will play a significant role in determining export levels.
• The timing of selling opportunities for farmers may be delayed this year. Due to the weather pattern, the potential selling opportunity is in late July and mid-August.
• Weather conditions and crop production will drive export decisions, regardless of the strength of the dollar.

Click Tio Watch:

https://youtu.be/0zgFIyJtuOo

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

info.ironsolutions.com/moving-iron-podcast.

 

Presented By @AxonTire @AgDirect @IronSolutions @FusableData @EDAdata @Valleytransinc 

Music By: @TalbottBrothers 

Host: @casey9673 

#agequipmentbusinesstal #letsgomovesomeiron 

Contact Me at: 

MovingIronLLC.com 

[email protected]

See omnystudio.com/listener for privacy information.

Takeaways

• Challenges faced by farmers due to heavy rains impacting planting progress
• Demand for float tires and the availability of used float tires in the market
• Cautious optimism among farmers regarding the agricultural industry and equipment decisions
• Impact of market conditions and interest rates on the availability and value of used tire inventory

Sound Bites

• "It's been a bit of a challenging year, depending on where you're at."
• "Wheat is the most time sensitive crop to get harvested."
• "The rest of us with commodity prices and interest rates, we're just going to hold on there and just keep positive and get through another year like we do in the past."

Chapters

00:00Introduction and Guest Introductions

01:30Challenges Faced by Farmers: Impact of Heavy Rains

09:28Used Tire Inventory and Availability

14:35Cautious Optimism: Market Conditions and Equipment Decisions

 

Click To Watch: https://youtu.be/BE3FybMslKs

Click To Listen: https://moving-iron-podcast.simplecast.com/episodes/mip-439-presented-by-axon-tire-the-demand-for-float-tires-availability-and-market-impact

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

info.ironsolutions.com/moving-iron-podcast.

 

Presented By @AxonTire @AgDirect @IronSolutions @FusableData @EDAdata @Valleytransinc 

Music By: @TalbottBrothers 

Host: @casey9673 

#agequipmentbusinesstal #letsgomovesomeiron 

Contact Me at: 

MovingIronLLC.com 

[email protected]

See omnystudio.com/listener for privacy information.

Summary

 

The conversation covers the impact of political chaos in India on commodity markets, the stock situation in India, the wheat market, and the potential impact of monetary policy on the economy. Shawn Hackett provides insights on the implications of political decisions, supply and demand dynamics, and market reactions to economic and political uncertainty.

 

 

 

Click To Watch :

 

https://youtu.be/dsiAB0-ol-A

 

 

 

Keywords

 

commodity markets, political chaos, India, stock situation, wheat market, monetary policy, economic impact, supply and demand, market reactions

 

Takeaways

 

Political chaos in India has the potential to impact commodity markets globally.

The stock situation in India and its policies have implications for market dynamics and trade.

The wheat market is experiencing short-term pressure due to harvest and crop conditions, with long-term prospects still uncertain.

Monetary policy decisions and economic indicators are closely linked, with potential implications for market reactions and investor sentiment.

 

Titles

 

Challenges in the Wheat Market

Monetary Policy and Economic Impact

 

Sound Bites

 

"Fed has never moved in the past without getting punched in the privates."

 

Chapters

 

00:00Impact of Political Chaos on Commodity Markets

 

03:04Stock Situation in India and Market Dynamics

 

07:50Challenges in the Wheat Market

 

10:50Monetary Policy and Economic Impact

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

info.ironsolutions.com/moving-iron-podcast.

 

Presented By @AxonTire @AgDirect @IronSolutions @FusableData @EDAdata @Valleytransinc 

Music By: @TalbottBrothers 

Host: @casey9673 

#agequipmentbusinesstal #letsgomovesomeiron 

Contact Me at: 

MovingIronLLC.com 

[email protected]

See omnystudio.com/listener for privacy information.

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 info.ironsolutions.com/moving-iron-podcast. 

 

Summary 

In this episode, Casey Seymour and Alan Hoskins discuss the current state of the used equipment market and the importance of regularly reviewing asset values on balance sheets. They also explore the opportunities for farmers to take advantage of the current market conditions and update their equipment. The conversation touches on insurance coverage, extended warranties, and interest rates. Overall, the episode provides valuable insights for farmers and lenders in navigating the ag equipment market. 

 

Keywords #agbanking, #usedequipmentmarket, #assetvalues, #balancesheets, #marketconditions, #insurancecoverage, #extendedwarranties, #interestrates 

Takeaways 

Regularly review asset values on balance sheets to ensure they accurately reflect the current market conditions. 

Take advantage of the current buyer's market to update equipment and consider factors such as repair costs versus replacement costs. 

Evaluate insurance coverage levels to ensure adequate protection without excessive premiums. 

Consider extended warranties on a case-by-case basis, considering factors such as time of ownership and regional conditions. Focus on managing interest rates rather than trying to predict their movements. 

Stay informed about market trends and seek advice from industry professionals to make informed decisions. 

 

Sound Bites 

"What's going on in the world of ag banking?" 

"Bankers should not be mandating the values on the financial statement." 

"Tell me a little about your values and the reasons behind the values." 

 

Chapters 

00:00 Introduction 

00:45 The Current State of the Used Equipment Market 

01:16 Reviewing Asset Values on Balance Sheets 

08:13 Taking Advantage of Market Opportunities 

10:53 Updating Equipment and Evaluating Insurance Coverage 

16:36 Considering Extended Warranties 

21:33 The Impact of the Election on Interest Rates 

22:16 Closing Thoughts and Contact Information 

 

Click To Watch: https://youtu.be/kU4qTcJbVhI 

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

info.ironsolutions.com/moving-iron-podcast.

 

Presented By @AxonTire @AgDirect @IronSolutions @FusableData @EDAdata @Valleytransinc 

Music By: @TalbottBrothers 

Host: @casey9673 

#agequipmentbusinesstal #letsgomovesomeiron 

Contact Me at: 

MovingIronLLC.com 

[email protected]

See omnystudio.com/listener for privacy information.

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 info.ironsolutions.com/moving-iron-podcast. 

 

Takeaways 

Efficient processes and smart inventory management are crucial for success in the equipment industry. 

Product support and customer service are key factors in building and maintaining customer relationships. 

The COVID-19 pandemic has highlighted the need for adaptability and flexibility in the industry. 

Understanding crop diversity and market conditions is important for inventory management. 

Collaboration and networking with other dealers can provide valuable insights and ideas for improving business practices. 

 

Sound Bites

"Customers are still looking for a dealer that's going to service them, that's going to be there with parts." 

"We've been doing a little bit of our territory alignment realignment, and you can call it whatever you want." 

"Bringing someone in that's got that more business-minded approach makes a big difference in how those customers react to those salespeople." 

 

Chapters 

00:00 Introduction and Roles at Atlantic and Southern Equipment 

02:49 Territory Coverage and Crop Diversity 

04:01 Used Equipment Inventory Mix 

06:23 Challenges and Concerns in the Industry 

13:10 Adapting to Changing Market Conditions 

23:59 Importance of Product Support and Customer Service 

26:16 Looking Ahead and Addressing Concerns 

28:36 Benefits of Networking and Collaboration 

30:17 Closing Remarks 

 

Click To Watch: https://youtu.be/0zgFIyJtuOo

Click to Listen: https://moving-iron-podcast.simplecast.com/episodes/mip-438-managing-crop-diversity-and-inventory-mix-with-ben-land-and-john-hoffman

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

info.ironsolutions.com/moving-iron-podcast.

 

Presented By @AxonTire @AgDirect @IronSolutions @FusableData @EDAdata @Valleytransinc 

Music By: @TalbottBrothers 

Host: @casey9673 

#agequipmentbusinesstal #letsgomovesomeiron 

Contact Me at: 

MovingIronLLC.com 

[email protected]

See omnystudio.com/listener for privacy information.

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

info.ironsolutions.com/moving-iron-podcast.

Summary

The conversation covers the current state of the market, focusing on combines, tractors, and other agricultural equipment. It delves into the impact of price increases, depreciation, inventory stacking, and uncertainty in the market. The discussion also addresses the adjustments made to wholesale values and the depreciation of late-model equipment. The conversation delves into the challenges of valuing used equipment in the agricultural industry, the impact of supply and demand on pricing, the influence of interest rates and financing options, and the changes in the market dynamics. It also discusses the updates in the fall guide and the importance of client feedback in refining the guide's accuracy.

Keywords

#agriculturalequipment, #markettrends, #priceincreases, #depreciation, #inventorystacking, #uncertainty, #wholesalevalues, #latemodelequipment, #agriculturalindustry, #usedequipment, #supplyanddemand, #pricing, #interestrates, #financing, #marketdynamics, #fallguide, #clientfeedback

Takeaways

Price increases have significantly impacted the market, affecting depreciation and inventory stacking.

The uncertainty in the market has resulted in farmers holding off on equipment purchases, leading to a surplus of inventory.

Adjustments to wholesale values and depreciation of late-model equipment must align with market trends and normalize sold reports.

Insights from auction data and dealer feedback are crucial in understanding market trends and making informed adjustments to guide values. Valuing used equipment in the agricultural industry is challenging due to the fluctuating time between placing an order and receiving the equipment.

Supply and demand dynamics significantly impact the pricing of used equipment, making it difficult to assess its value accurately.

Interest rates and financing options play a crucial role in the buying and selling of agricultural equipment, influencing market behavior and decision-making.

The fall guide updates include the 2024 values and analysis of average hours on equipment, emphasizing the importance of client feedback in refining the guide's accuracy.

Sound Bites

"When I look at Combines, the depreciation, auction value wise anyway, the depreciation that you're seeing from the price of a new one versus what they're advertised for a one year old or two year old used one and what they're selling for at auction, there's a huge gap there."

"When you look at that humongous price increase in the 23s... to really get those values down to where they're relative to the 22s."

"When we were getting all this pricing information together from Deere and Case, New Holland, everybody else, and I started seeing these price increases and interim price increases, I was like, well, this is gonna be interesting to see what holds up."

"The supply catch up demand price is gonna change, right? You're looking at the machine you have and I come back to you at, this is say, the average price out on the various websites are 300,000 bucks, right? I come back to you with 250,000 and you're looking at me like I'm ripping you off."

"It doesn't matter what it was back then. It matters what it is now. That tractor is worth that now."

"The numbers you guys are putting out are very in line with what's going on in the marketplace."

Chapters

00:00 Adjusting Wholesale Values and Depreciation

21:35 Challenges of Valuing Used Equipment

24:31 Impact of Supply and Demand on Pricing

35:32 Influence of Interest Rates and Financing

38:44 Changes in Market Dynamics

39:14 Updates in the Fall Guide and Client Feedback

Click To Watch:

https://youtu.be/OycgI8eB4do

Click To Listen:

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