MPC Daily Market Update Feb 15, 2023
Episode Stats
Words per Minute
162.18561
Summary
Falling wheat, grains, oilseeds, soybeans, cattle, and soybeans are all in the red this morning. The only thing trading sideways is the pulse markets, which are holding at $0.30-$12.50 per pound.
Transcript
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When I pulled up the commodity markets this morning, it looked like a federal election result map for ridings in Toronto.
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Cash barley is down $3 a ton to $4.17 per metric.
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Feed wheat's down $2 a ton to $4.41 per metric.
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Moving to the milling wheat markets, March Minneapolis futures are down $0.10 to $9.22 a bushel,
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with local hard red spring bid for March movement at $11.25 per bushel delivered.
00:00:31.000
In the oilseeds, nearby canola futures are also down $3 a ton to $8.23.10 per ton,
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with delivered values for February movement at $18.21 per bushel.
00:00:41.500
The only thing trading sideways right now are the pulse markets.
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Red lentils remain at $0.30 per pound, and yellow peas are holding at $12.50 a bushel.
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Finishing up with the cattle markets, April live cattle also are down $0.60.
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For more information on pricing and picked up on farm options,
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Accurate real-time marketing information and pricing options.