MPC Daily Market Update Aug 4, 2023
Episode Stats
Words per Minute
197.1831
Summary
August live cattle prices hit $1.80/100weight, soybeans hit $8.34/bushel, wheat hits $3.95/mm and pulse futures hit $0.32/pound. In the oilseed markets, canola futures are up $13/1350 per metric ton and wheat is up $2.60/mm.
Transcript
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If you're not planning on harvesting this weekend, hopefully you get a chance to get
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out and enjoy some time away and relax. The markets are pretty relaxed going into this
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weekend it seems as well. We've got cash barley holding at $4.02 a metric, feed wheat's holding
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steady at $3.95 per metric, and we've got corn up a dollar to $3.91 per metric. Moving to the
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milling wheat market, September Minneapolis futures are sideways at $8.34 per bushel,
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with local hard red spring bid for August movement at $10.40 per bushel delivered.
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In the oil seeds, there's some excitement. Nearby canola futures are up $13 to $7.93.90 per metric ton,
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with delivered values for August movement at $17.60 per bushel. Continuing on to the pulse markets,
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nearby red lentil prices are trading at $0.32 per pound, and yellow peas are $11 per bushel.
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Finishing up with the cattle markets, there's another up day in cattle, which has seemed to be
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the trend for the last few months. August live cattle jumped $1.65 to $1.80, $1.50 per hundred weight.
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For more information on pricing and picked up on farm options, give me a call at 403-394-1711.
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I'm Mike Van Dyke at Marketplace Commodities, accurate real-time marketing information and pricing options.
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For more information on pricing on map, I'd like to know if it's new to Dan.
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