Moving Iron Podcast

Akeaways

• Changes in the renewable diesel protocol are needed to sustain the soybean crush margin.
• Imports of used palm oil are taking away market share from bean oil, impacting the soybean market.
• Building strategic reserves for wheat is important given the tight supply situation.
• The hurricane season could have an impact on agricultural markets, particularly for cotton, orange juice, natural gas, and potentially rice.

Chapters

00:00 Introduction and Background

01:23 Sustaining the Soybean Crush Margin

03:14 The Impact of Palm Oil Imports on the Soybean Market

07:13 The Importance of Building Strategic Reserves for Wheat

11:48 The Potential Impact of Hurricanes on Agricultural Markets

18:09 Conclusion

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

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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.

Takeaways

• The corn market is experiencing uncertainty, with prices fluctuating between $3.92 and $4.07. The market is trying to determine the actual yield and whether there will be any adjustments in September.
• Brazil's soybean production could significantly impact the global market. If Brazil realizes a six-plus billion-bushel bean crop, it could lead to a surge in world carryout.
• The cattle market is at a good value, with cash prices holding steady in the upper 180s. However, the market is closely watching the economy and consumer demand.
• The hog market is facing supply issues, with liquidation and increased efficiency in hog production. Pork exports are also a concern, with sales at a recent marketing year low.
• Overall, commodity markets are influenced by various factors such as yield, production, demand, and exports, and it is essential to monitor these factors for market trends closely.

Chapters

00:00 Uncertainty in the Corn Market

04:32 The Impact of Brazil's Soybean Production

10:07 Cattle Market: Steady Prices and Consumer Demand

14:21 Supply Issues and Decline in Pork Exports in the Hog Market

17:40 Monitoring Key Factors in the Commodity Markets

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

• The recent ending stocks report for corn did not significantly change the overall picture of corn supply and demand.
• While the US has a large corn crop, the global corn market is actually quite bullish due to smaller crops in other countries.
• The focus for corn is shifting towards demand, which is expected to increase.
• Soybeans face challenges with high global stocks, reduced demand from China, and potential poor crops in Brazil.
• The cotton market has been beaten down but shows signs of stabilization and potential for a rebound.
• The hurricane season and geopolitical factors can impact the cotton market.
• Producers should be prepared to take advantage of opportunities to sell at better prices.

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

• The Federal Reserve's decision on interest rates will have a significant impact on the stock market and the economy.
• The carry trade in Japan, where investors borrow money in yen and invest it in other countries, has been a major factor in the recent movement of the stock market.
• The commodity market, including corn and oil, has been experiencing volatility, but there are signs of stabilization and potential for growth in the future.
• The unemployment rate and inflation are important factors to watch in determining the direction of the economy.
• The Federal Reserve's slow approach to lowering interest rates may cause some uncertainty in the stock market, but overall, the long-term outlook is positive.

Chapters

00:00Introduction and Overview

10:16The Impact of the Carry Trade in Japan

17:10Volatility and Stabilization in the Commodity Market

22:37The Current State of the Economy

29:06The Federal Reserve's Approach to Lowering Interest Rates

33:05Conclusion and Future Outlook

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 partnership between Fusable and CamoAg brings together EDA data and land analytics to provide comprehensive insights into farmers' equipment, land ownership, and crops.
• Sales and marketing professionals can use this data to prioritize their time and make more informed decisions when approaching potential customers.
• The partnership aims to position salespeople as advisors and consultants to farmers, providing them with valuable insights and helping them make more efficient sales.
• The use of data in the agriculture industry is becoming increasingly important for sales and marketing teams to stay competitive and meet their targets.

Sound Bites

• "Your cold call is even relevant if that's your objective."
• "Skip the first five or eight or even 10 sales calls and come a little bit more prepared."
• "Help them skip the first five or eight or even 10 sales calls and come a little bit more prepared."

Chapters

00:00 Introduction and Background

08:07 Partnership between Fusible and Camoag

17:27 The Value of UCC Data in Sales

26:40 Synergies between Fusible and Camoag Data

30:23 Efficiency and Future Applications

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

• Crop yields and planted acres influence the market, with expectations of record corn and bean yields.
• The market is ahead, factoring in big yields and overlooking potential demand issues.
• The upcoming August crop report may incorporate RMA data and impact the market.
• The stock market correction and economic uncertainties are affecting the agriculture industry.
• The cattle market is under pressure due to concerns about domestic demand.
• The hog market is at equilibrium, with supply and demand evenly matched.
• Brazil's production challenges and potential record bean crop pose a long-term concern for the United States.
• Oil and energy markets are volatile, influenced by geopolitical tensions and economic slowdown.
• Ethanol and renewable energy sectors may benefit from higher energy prices.
• Having a risk management plan and seeking expert advice is crucial in the current market conditions.

Sound Bites

• "Reports are coming out talking about a big crop."
• "The market seems to have gotten a bit ahead of itself."
• "There's a lot of concern about bean demand on top of this big crop."

Chapters

00:00 Market Expectations and Crop Yields

02:26 Demand Issues and Economic Uncertainties

04:30 Stock Market Fluctuations and Market Expectations

07:48 Challenges in the Cattle Market

09:42 Equilibrium in the Hog Market

14:48 Volatility in the Energy Sector

18:09 Importance of Risk Management

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

• The Fed's decision to delay rate cuts is seen as a mistake, as economic numbers are accelerating to the downside, and the stock market is crashing. The market calls for immediate rate cuts, and an emergency meeting may be called in August.
• The corn crop is expected to be big, but the number of acres planted will affect carryout. Lowering old crop stocks, reducing harvested acres, and increasing demand may result in ending stocks of around 2.2 to 2.3 billion bushels.
• Due to significant changes in the economy and inflation rates, the market clearing price for commodities is not likely to be the same as it was before COVID-19. Today, it may be higher than between 2014 and 2020.
• The cattle market is experiencing liquidation due to the correlation between stocks and cattle prices. Concerns about beef demand and the high cost of beef compared to pork contribute to the movement in the cattle market.
• Flavor is an essential factor in the pork industry, and focusing on flavor rather than just efficiency may help increase pork cutout prices. People are willing to pay for what tastes good.

Sound Bites

• "The stock market is crashing and the stock market is going to call their bluff."
• "We're going to start to see this shift between cheap commodities, expensive stocks."
• "The futures market trades what they think the future is going to be today."

Chapters

00:00 Introduction and Overview

01:14 The Fed's Mistake: Delaying Rate Cuts

08:32 Corn Crop Outlook: Big Crop, but Factors Affecting Carryouts

16:07 Market Clearing Price: Why It's Unlikely to be the Same as Pre-COVID

19:35 Cattle Market: Liquidation and the Correlation with Stocks

23:06 Pork Industry: The Importance of Flavor in Increasing Cutout Prices

24:30 Conclusion and Closing Remarks

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

• Valley Transportation has partnered with Machinery Pete to provide shipping services for equipment listed on the Machinery Pete website.
• The trucking industry has seen a slowdown in agricultural freight due to low crop prices, but construction freight continues to move.
• Valley Transportation has its trucks and also offers brokerage services to handle excess freight.
• The auction market has become busier, and Valley Transportation can provide transportation services for equipment purchased at auctions.
• To request a quote for transportation services, contact Valley Transportation by phone or email with the make and model of the equipment and the pickup and delivery locations.

Chapters

00:00 Introduction and Discussion of Heavy Rain in Minnesota

01:42 Valley Transportation's Partnership with Machinery Pete

04:18 The Current State of the Trucking Industry

06:38 The Impact of Auctions on the Transportation Business

08:06 How to Request a Quote for Transportation Services

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

• The Federal Reserve has stated that it is not planning to change interest rates soon, which may affect the agricultural industry.
• Accrual and cash income are two ways of measuring profitability in farming operations. Accrual income considers future expenses and income, while cash income only considers actual cash flow.
• Understanding accrual income is essential for farmers and lenders to assess an operation's financial health accurately.
• The upcoming election may bring uncertainty to the agricultural sector, and farmers should work to mitigate risks and position themselves for potential changes.

Chapters

00:00 Introduction and Federal Reserve's Stance on Interest Rates

02:52 Accrual Income vs. Cash Income

14:39 Navigating the Uncertainty of the Upcoming Election

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 commodities market has experienced recent volatility, with a mini crash in the yen carry trade and liquidation in various assets.
• The Federal Reserve's interest rate decisions could impact the US dollar and commodity prices.
• The current economic data suggests a need for rate reductions, which could benefit US-based commodity prices.
• The equipment business is tied to the corn and bean market, and the outlook for the commodity market could impact the equipment industry.
• The grain markets are currently undervalued, and historical indicators suggest a potential floor price in the near future.
• Producers should consider increasing their cash length in the market and protecting against upside price risks.
• The Atlantic-based hurricanes are not expected to be a major market mover this year, with the focus on storms developing in the Caribbean and Gulf of Mexico.
• Texas and the deep South are predicted to be the bullseye for hurricane impacts.
• Hackett Financial can be reached through their website, Twitter, and LinkedIn for more information and insights.

Chapters

00:00 Introduction to the Commodities Market

01:18 The Impact of the Federal Reserve's Interest Rate Decisions

03:17 Assessing the Current State of the Economy

06:36 The Connection Between the Equipment Business and the Commodity Market

07:46 The Potential for a Rebound in the Grain Markets

15:18 Strategies for Producers in the Current Market

18:19 The Outlook for Atlantic-Based Hurricanes

21:44 Predicting Hurricane Impacts in Texas and the Deep South

22:41 Contacting Hackett Financial for More Information and Insights

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.