Western Standard - April 19, 2023


MPC Daily Market Update Apr 19, 2023


Episode Stats

Length

1 minute

Words per Minute

156.35179

Word Count

176

Sentence Count

20


Summary

As things are greening up outside, the commodity markets aren t following suit as they are mostly red today. The only thing that is up is cash barley which is up $3.22 per metric. Feed wheat's unchanged at $4.20 a metric and corn is holding steady at$4.15 a metric. Moving to the milling wheat markets, May Minneapolis futures dropped $0.12 to $8.73 per bushel, with local hard red spring bid for April movement at $10.25/bushel delivered. In the oilseeds markets, nearby canola futures are off $1.80 to $777 per metric ton, with delivered values for April-May delivery at $17.50-$19.35 per pound. Finishing up with the cattle markets, June live cattle dropped$1.78 per hundredweight.


Transcript

00:00:00.400 As things are greening up outside, the commodity markets aren't following suit as they're mostly red today.
00:00:05.740 The only thing that is up is cash barley, which is up $3 a ton to $4.22 per metric.
00:00:11.000 Feed wheat's unchanged at $4.20 a metric and corn is holding steady at $4.15 a metric.
00:00:16.440 Moving to the milling wheat markets, May Minneapolis futures dropped $0.12 to $8.73 per bushel,
00:00:22.180 with local hard red spring bid for April movement at $10.25 per bushel delivered.
00:00:26.300 In the oilseeds, nearby canola futures are off $4.80 to $777 per metric ton,
00:00:34.240 with delivered values for April-May movement at $17.50 per bushel.
00:00:39.240 Continuing on to the pulse markets, nearby red lentil prices are trading at $0.35 per pound,
00:00:44.340 and yellow peas remain at $12 per bushel.
00:00:47.680 Finishing up with the cattle markets, June live cattle dropped $1.78 to $1.6343 per hundredweight.
00:00:54.780 For more information on pricing and picked up on farm options,
00:00:58.760 give me a call at 403-394-1711.
00:01:02.380 I'm Mike Van Dyke at Marketplace Commodities,
00:01:04.780 accurate real-time marketing information and pricing options.