Western Standard - December 06, 2022


MPC Daily Market Update Dec 6, 2022


Episode Stats

Length

53 seconds

Words per Minute

146.36871

Word Count

131

Sentence Count

19


Summary

Grain markets continue to decline across the grain and oilseeds markets. Grain prices have hit multi-month lows and soybean prices have dropped in the past week. In the wheat markets, wheat futures have dropped 4 cents, soybeans have dropped 5 cents, and canola has dropped 1.40 cents. Cattle markets have dropped $1.92, and wheat has dropped 2 cents.


Transcript

00:00:00.000 The current Lethbridge feed grain prices are as follows,
00:00:02.560 cash parties at $4.45, feedweeds at $4.56,
00:00:06.360 and corns at $4.50 per metric ton.
00:00:08.940 In the milling wheat markets,
00:00:10.440 March Minneapolis futures lost four cents at $8.98,
00:00:14.180 with local hard red spring bids for December movement
00:00:16.760 at $11.40 per bushel.
00:00:18.640 In the oilseeds, nearby canola futures are down $1.40
00:00:22.400 at $8.5760, with delivered values
00:00:25.260 for December movement at $19.22 per bushel.
00:00:28.520 In the pulse markets,
00:00:29.940 nearby red lentils are holding at 33 cents a pound,
00:00:32.800 and yellow peas are trading at $12.75 per bushel.
00:00:36.200 In the cattle markets,
00:00:37.500 February live cattle dropped $1.92 at $1.53.90 per 100 weight.
00:00:43.120 For more information on grain marketing,
00:00:44.940 call me at 403-394-1711.
00:00:48.760 I'm Sean Smith at Marketplace Commodities,
00:00:50.760 accurate real-time marketing information and pricing options.