Western Standard - April 18, 2023


MPC Daily Market Update Apr 18, 2023


Episode Stats

Length

51 seconds

Words per Minute

143.41693

Word Count

122

Sentence Count

15


Summary

Grains, Cattle, oilseeds, pulses, and pulses hit new multi-month lows, soybeans, wheat, and corn hit new lows, and soymeal futures hit new all-time low levels.


Transcript

00:00:00.000 The current Luthbridge feed grain prices are as follows, cash barley is at $4.19, feed wheat is at $4.20, and corn is at $415 per tonne.
00:00:10.340 In the milling wheat markets, May Minneapolis futures slid $3.5 at $8.85, with local hardwood spring bid for April movement at $11 per bushel.
00:00:19.100 In the oilseeds, nearby canola futures are up $11.30 at $785 per tonne, with delivered values for April-May movement at $17.57 per bushel.
00:00:31.360 In the pulse markets, nearby red lentil prices are trading at $0.35 per pound, and yellow peas remain at $12 per bushel.
00:00:38.980 In the cattle markets, June live cattle dipped $0.05 at $164.82 per hundredweight.
00:00:45.360 I'm David Lee at Marketplace Commodities, accurate real-time marketing information and pricing options.