MPC Daily Market Update Aug 1, 2023
Episode Stats
Words per Minute
162.3647
Summary
August wheat, corn, soybeans, and wheat futures are all in the red. Canola, wheat, and pulse markets are all down. Cattle prices are the only thing that are up and they are up 1.5 cents to $179.250.
Transcript
00:00:00.160
Well, the commodity markets are kind of like the picture behind me right now.
00:00:03.660
They're not super red, they're just a little red.
00:00:08.080
We got cash barley holding at $4.14 per metric, feed wheat's down $3.00 to $4.12 per metric,
00:00:17.560
Taking a look at the milling wheat market, September Minneapolis futures are down 1.5 cents to $8.54 per bushel,
00:00:23.920
with local hard red spring bid for August movement at $10.50 per bushel delivered.
00:00:27.960
In the oilseeds, nearby canola futures are off $5.20 to $778.80 per metric ton,
00:00:35.980
with delivered values for August movement at $18 per bushel.
00:00:40.020
Continuing on to the pulse markets, nearby red lentil prices are trading at $0.32 per pound,
00:00:49.040
Finishing up with the cattle markets here, August live cattle are actually the only thing that are up.
00:00:53.620
They are up to 1.5 cents to $179.250 per hundredweight.
00:00:59.300
For more information on pricing and picked up on farm options,
00:01:09.300
Accurate real-time marketing information and pricing options.