and like around hello Robert, out call I the are would commodity you, prices world everyone very, high. the today. agriculture start just saying Thank to in on who's by very
of actually wheat all sort where prices record, for continent very and is because of of business on have prices beef We that soybean, And, would Those sorghum Australia farmers' a also the of prices prices. very, are significant you our meat sheep of drive high. be as corn, piece proteins know, profitability. and kind
And before talked I these bushel incremental the of situation willing our that farmers, we've bushel kinds at world, off money every so for returns around as pay we a mean, make of. yield. in are they find of about is in markets, farmers, ourselves now where to a bushel for
So but we've a market farmer discussed, S&W going as yield in and the Seeds a general for as particular. much sort he some on in manage foot of as to in low, commodity farm he's prices And his in in break demand for may high seeds when even, that's gas reflected this, like the markets, are get can. to
board. XXXX be increases pretty in year, will the across We price the seeing much
worldwide that first generated still of really that. we've everyone's by the getting prices try Company and by getting is logistics wise improving deal year, strong our popular of are ago, though, increase, also trucking board to by problems around in are increases say on a the restarting worse. S&W some bit the to economies, not press. those year others, and and demand buffeted versus now across economies that. margins we this placed world, XX more huge with still feeling problems but will being would actually the some and said it's of in our shipping And being the the think from obviously management species These COVID result changed I reading than Some the being That will that. for price with of the But better. It's things the I months shutdown
freight so we organized doing now costs like are And So some the sales customers. crop cleaning we're as borne of as have by our our things contracts seed our that new possible. rapidly
cleaned we is any not get us frost get that and very twice, we year. early we Northern have we time the rain season cleaned production we that, year, Hemisphere Hemisphere, Northern date So in the any much, last than seed least on crops. had sometimes helps the in what a And that did about as twice at more good this had this at did not the
now U.S. all that in Idaho harvested in and Texas, in it's and So two being has production crop cleaned. of Hemisphere, been the our locations, plants Northern
coming And to still and in from. troubling of might where S&W the companies so are getting I shipments -- are problems because everybody of useful just remind a terms to hold lines thought shipping to for the be trucking kind schedule. it
detail So to little this kind you. I more we said call, into of the and Matt all a what did and if I reflects dive speak can bit chance on when I last of had
the we ready. October, to also different and harvest inventory varieties and by Northern sell September of plenty in in May get in augmented the carryover U.S., it's we have it normal that in And and in fact we clean and So, hybrids. some And that's a time hemisphere we year, a and the cycle, June. seed
so our and the ship carryover in And so harvest we customers of out can out inventories. markets, crop Australia. home new And the both continent of Australian of that's to
our of XX salespeople selling to that's and We a same we have production it's a significant another piece they're dealers. sales have XX, and kind the sales. in the and except cycle, home thing, of And of it's field cycle markets, distributors one our big Hemisphere Southern
are just So, the seasons opposite.
into So, shell have. we May And And in are period. of farmer sort Australian that April out selling we inventory. normally again, customer that now we network carryover harvest the and of we'd
receive and the clean and operate We ourselves have we plants there that we seed.
months have The problem a delay. the market it's so, that timing the to that we X alfalfa is not have don't very so of that majority of we a in grown winter, And severe in on we basically, produce ones much And similar the because mild. varieties sort alfalfa. this provide which and that our US the areas are it's non-dormant can to need survive so alfalfa, case, winter, the
this Northern planting April/May, crops, it's is a we're example. So kind season. we Australia, and in because the Northern Middle this those production an hemisphere What Hemisphere, we've system, is we're growing even alfalfa and In hemisphere the equator, closer got a harvesting of but Southern to East. though have harvesting mainly
sometimes, guys June. to So, July plant want August, these -- July,
get out but we new out crop they issues the pressed will Australia And terms crop. quarter timing in to the of problem latest a our and have continue, COVID And customers days, cleaned send send Middle in quarter made XX new have then first times, inventory, another make we or it And those to and it of shipments, into whether next year. send in that carryover the the fourth and a or so are the of XX shipments logistics the ones that lot a shipments we of our first have the we our in season always East. where
will in XXXX it and detail. bit year, 'XX the end fiscal in talk 'XX into year, June Matt have a a in fiscal about we not shipments the since those the happened fiscal year, of that as so, year, shipments little are And did make those
Northern So, that's production production markets, problem the sales U.S. but Southern is. to goes our the Australia cycle. in Hemisphere where cycle Australia or that alfalfa, Not Hemisphere market then in the the home a of from
that's $XX And than so, that be just the we is fiscal had move to bit we move guidance first XXXX a about of quarter million some people lower have of year. last the call wanted to the and our quarter will of sales as in first is, of specific why I quarter maybe expected. to 'XX million our to we little 'XX 'XX, talked because, $XX And reason fourth sales just
that counting in twice. the counting addition has year. the is double fiscal all East We're eliminated issues one to inventory. reason that, to So, a logistics of our are we alfalfa in those carryover Middle demand, not high of sales the And them almost not
crop shipments very, to the be Middle of in clean get of get East so, on year. the XXXX a crop in that issues, will the it most and to new environment going it's logistics to of the difficult it And have to boat fiscal get and very out come and
that September, that is we as our crop even is in We're or shipments to those our with from There the passed in there issues, logistics and those in hint So, just the be logistics And of will a August for a from at from trying from trying to we've bad to customers can, short attention year us, onto sort company and be a that the fiscal our still that's issues we every we there situation, good is XXXX by season. Saudi. trucking year. even a early there to manage even get plenty a time, seed thing a costs get it some those going to all going in not look problem just cost is now as because to the shipping of the inventory are July high or folding are It's fiscal is standpoint, to of paying miss company containers, alternatives. all over of thing. bags and customers as to just experiencing But freight our one customers. to which in next cleaning of shipping demand year means the seat fiscal trucking the that planting because time
going of sure to the $XX go So, high on and million to range. And the Matt I little that making points. as everyone that just a guidance absolutely with tell still I'll why that of understands said, on in bit $XX to wanted you, call on spend million to couple a just is touch which time,
to farmers excited the money. make this what's going very They're about I happening As said, are year.
So, demand our really high. for seed is
grass very looking strong. resistance Our Team trait weed, in very, controlled our Double that's is herbicide sorghum, trait
around we As Northern mentioned in the I Hemisphere, December set usually prices Xst.
hearing process and also. that. sales we're to But the from that the expect impressed force in we we're of so, out year performance Team with be 'XX them were this much XXXX And reaction the farmers doing our past sold very strong pretty year, in in very fiscal very, Double of
well, we our pleased gives margins all really because along that something going salespeople with that Team. about Hopefully, as with also to Team know, and drag big very thing we're very, will our of S&W lines other that. is for of are it are traits you sell it sales a that's talk on strong Double on stores customers. And So, very Double not additional
like hybrid year. non Team sorghum traded a have grain So, sorghum good and both Double look going to
are right discussions on don't based the trait new we also, strong to pressing and tell trade are bigger there sorghum where have grain and us to any license. in go you this We I Monsanto now, news the players said, that license following the companies of some from now the seed demand well. in as looking specifically at I us, the to are about strategy other but with continues
stevia front, know, the the we Ingredion. all you with as On agreement signed
China. ship of agreement an extraction their their through in will crop that in in to be We planted to requirements Those dry we to have plants. We fall, it leaf, plant for to spring to leaf leaf the expect are remain able this acres Carolina more we going purification put North containers on and those schedule. plants and to China we meet plant the Ingredion deliver to and
all And is the of from Ingredion extract We've again, will on that build and market stevia just S&W relationship U.S. supplier be hope far. bit but be setting new both the leaf indicates that's touched looks we're in our production the that as the the in leaf, just we the for to I'll little fantastic next and And will which that stevia. biggest dry longer-term supply there built we that, of beginning embark with the U.S. really prices. we so a to decade. eventually, market, a is will which a being of agreement market, that say So, where process plant the Ingredion and margins, over purify Ingredion demand
do that early As I mentioned December. of December, in we the sort in U.S.
which that. we and we We quarter, prices to that's Australia is in new the good, some market have you expect and in more selling and of our look into indications going prices third they margins Australian quarters, set as that hit what actually currently as give margins And the are. some improve to big over are fourth
million both current in pretty we're stepped $X simple interest private through like a I think, when equity. Lastly, and some potential And guy. saw attract to Board to it management and placement, did I'd the the just say, shareholders of shares raise in that
in alfalfa significantly -- with margins our Double the thing in our which So really with of Team short kind that X show the management in in always equity. better in have It's financial also back, a I Ingredion any to form we personally just round of the East million. kind shares to the an deal market's that trait, coming more I the special starting And as and to is term, that of in say think powered that returns we've to just sell the is the and important of most the I our investor done common Middle add it's wasn't high happy work work XXXX. Stevia, And that all same we am was sold. team going with
that, the please? I'll with with of Matt. comments. conclude to I'll over a presentation then turn couple And So Matt,
