MIP Markets with Shawn Hackett - Sleeper Geopolitical Assets

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Summary
In this episode of the Moving Iron Podcast, Casey Seymour interviews Sean Hackett from Hackett Financial about the current state of the commodities market, focusing on wheat. They discuss the impact of dry weather conditions in Kansas, Oklahoma, and Texas on wheat yields and the potential for frost and downgrades in the Russian wheat crop. They also explore the role of volcanoes and climate cycles in shaping global weather patterns and the implications for agricultural supply. Hackett emphasizes monitoring these factors and the potential for short covering in the grain markets.

Keywords
#commodities #market, #wheat, #dryweather, #yields, #frost, #Russianwheat, #volcanoes, #climatecycles, #agriculturalsupply, #shortcovering, #grainmarkets

Takeaways
Dry weather conditions in Kansas, Oklahoma, and Texas have negatively impacted wheat yields, with 25-50% reported potential losses.
The Russian wheat crop has been downgraded, increasing concerns about global wheat supply.

Volcanic eruptions, such as the recent Tonga eruption, can significantly impact global weather patterns, including extreme temperatures and precipitation.

Climate cycles like the Gleisberg cycle can contribute to hot and dry weather conditions, which can potentially lead to crop problems.
Short covering in the grain markets may occur if wheat prices rise, potentially impacting other grain commodities.


Sound Bites
"Dry conditions in Kansas, Oklahoma, and Texas have led to 25-50% potential yield losses in the wheat harvest."

"If frost occurs in mid-late May, it could result in permanent yield loss due to lack of moisture."

"The Russian wheat crop has been downgraded, raising concerns about global wheat supply."

Chapters
00:00
Dry Weather and Wheat Yields
09:26
Short Covering in the Grain Markets

Click To Watch:
https://youtu.be/-Rmjh7gV9y8

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

Music By: @TalbottBrothers
Host: @casey9673
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