MIP #435 Presented By Ag Direct Wheat Supplies Are Tight - With Tanner Ehmke

Moving Iron Podcast

MIP #435 Presented By AgDirect Wheat Supplies Are Tight with Tanner Ehmke 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 focuses on the current state of the agricultural economy, with a specific emphasis on the wheat, corn, soybean, and beef markets. The main themes include the impact of crop conditions in Kansas and Russia on wheat prices, the effects of weather conditions in South America on corn and soybean prices, the strength of the US dollar, and the potential implications for the beef market. The conversation also touches on ethanol demand and the outlook for renewable jet fuel. Keywords #agricultural #economy, #wheat, #cropconditions, #Kansas, #Russia, #corn, #soybean, #SouthAmerica, #US #dollar, #beef, #ethanol, #renewablejetfuel Takeaways Crop conditions in Kansas, particularly for wheat, are poor, affecting commodity pricing. Weather conditions in South America, including flooding in Brazil and drought in Argentina, impact corn and soybean prices. Russia has been a major player in the wheat market, but crop concerns and a weakening currency may limit their influence. The strength of the US dollar is a headwind for grain exports. Ethanol demand is strong, which is supporting corn prices. The US economy is still strong, but there are signs of a slowdown, which could impact beef consumption. The cattle herd is shrinking, but higher slaughter weights offset some price pressure. The outlook for renewable jet fuel demand is uncertain, with current margins for ethanol producers driving production. Sound Bites "Kansas wheat crop rated poor or very poor" "Hot and dry conditions in Kansas during grain fill" "Russia has distorted world wheat prices" Chapters 00:00 Impact of Crop Conditions on Wheat Market 02:50 Russia's Influence on the Wheat Market 08:06 Recent Movements in Corn and Soybean Prices 11:35 Strength of the US Dollar and Grain Exports 13:10 US Economy and Beef Consumption 18:03 Ethanol Demand and Corn Prices 19:19 Outlook for Renewable Jet Fuel Demand Click To Watch: https://youtu.be/Ih59yUpE4tk Click To Listen: https://on.soundcloud.com/5rPyxr51uc5E5Rkn6 Presented By @AxonTire @AgDirect @IronSolutions @randallreilly @Fusable @EDAdata @Valleytransinc Music By: @TalbottBrothers Host: @casey9673 #agequipmentbusinesstal #letsgomovesomeiron Contact Me at: MovingIronLLC.com [e-mail]