Moving Iron Podcast By cover art

Moving Iron Podcast

By: Moving Iron LLC
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  • Podcast by Moving Iron LLC
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Episodes
  • MIP #437 Price Increases & Depreciation The Market Landscape Shaping The Iron Solutions Spring Guide

    MIP #437 Price Increases & Depreciation The Market Landscape Shaping The Iron Solutions Spring Guide
    May 31 2024
    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
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    51 mins
  • MIP Markets With Shawn Hackett - Planting Progress And Weather Patterns

    MIP Markets With Shawn Hackett - Planting Progress And Weather Patterns
    May 29 2024
    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. This is the Barchart article link Shawn mentioned in today's podcast. "The Era of Weather Volatility Will Continue to Escalate Peaking in the mid 2030's" https://www.barchart.com/story/news/26300746/the-era-of-weather-volatility-will-continue-to-escalate-peaking-in-the-mid-2030s Summary The conversation covers a wide range of topics related to commodities, weather, and market trends. Shawn Hackett provides insights into planting progress, weather patterns, and their potential impact on crop yields. He also discusses the cattle marketplace and upcoming live sessions on weather patterns and climate change. The conversation concludes with information on how to reach out for more information. Keywords #commodities, #weatherpatterns, #cropyields, #cattlemarket #climatechange, #markettrends Takeaways Planting progress and weather patterns play a significant role in determining crop yields. The cattle marketplace is expected to see strong prices due to tight supplies and potential demand. Understanding long-term weather cycles and their impact on market volatility is crucial for making informed decisions. Live sessions on weather patterns and climate change provide valuable insights for market participants. Shawn Hackett's expertise in analyzing weather data and market trends offers valuable information for those involved in the commodities market. Sound Bites "I expect this year to be no different." "We have a very, very, very active tornado season this year." "2011 was actually not dry. We had moisture, but we had incredibly hot warm nights." Chapters 00:00 Insights into Planting Progress and Weather Patterns 11:47 Market Trends and the Cattle Marketplace 13:14 Upcoming Live Sessions on Weather Patterns and Climate Change Click To Watch: https://youtu.be/GsQ4-g6idMM Presented By @AxonTire @AgDirect @IronSolutions @randallreilly @Fusable @EDAdata @Valleytransinc Music By: @TalbottBrothers Host: @casey9673 #agequipmentbusinesstal #letsgomovesomeiron Contact Me at: MovingIronLLC.com movingironpodcast@movingironpodcast.com
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    27 mins
  • MIP Markets With Chip Nellinger - Rally In Wheat, Rally Bound Oil Prices

    MIP Markets With Chip Nellinger - Rally In Wheat, Rally Bound Oil Prices
    May 22 2024
    MIP Markets with Chip Nellinger Rally in Wheat; Range Bound Oil 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. Summary In this conversation, Chip Nelger discusses the current state of commodities, including wheat, corn, soybeans, beef, and oil. He provides insights into the weather conditions affecting crop growth, the impact of global factors on commodity prices, and the potential risks and opportunities in the market. Chip also highlights the importance of risk management and staying informed about market trends. Keywords #commodities, #wheat, #corn, #soybeans, #beef, #oil, #weatherconditions, #crop #growth, #globalfactors, #markettrends, #riskmanagement Takeaways Weather conditions, such as drought and frost, impact crop growth and yield potential in various regions. Wheat prices have rallied due to dry weather in Russian and Ukrainian growing areas and issues in other wheat-producing countries. Corn prices have been supported by a lower-than-expected carryout and the potential for a smaller crop due to delayed planting. Beef prices have remained strong, but there are concerns about a potential overhang in the market due to slowed packer kills. Oil prices have been range-bound, with uncertainty surrounding OPEC production cuts and US government actions affecting market sentiment. Sound Bites "Wheat somewhere around $7 and 10 cents a bushel." "December corn right now is about $4.85, getting close to that $5 number." "Crop losses from the best projections are probably starting to be in the market with this move higher." Chapters 00:00 Introduction and Weather Conditions 02:59 Rally in Wheat Prices 03:29 Support for Corn Prices 09:59 Strength in Beef Market 16:26 Range-Bound Oil Prices Click To Watch: https://youtu.be/-IPnPSKj9MA Presented By @AxonTire @AgDirect @IronSolutions @randallreilly @Fusable @EDAdata @Valleytransinc Music By: @TalbottBrothers Host: @casey9673 #agequipmentbusinesstal #letsgomovesomeiron Contact Me at: MovingIronLLC.com movingironpodcast@movingironpodcast.com
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    27 mins
Economics
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