Western Standard - February 08, 2023


MPC Daily Market Update Feb 8, 2023


Episode Stats

Length

54 seconds

Words per Minute

149.55687

Word Count

135

Sentence Count

21


Summary

Grain markets are stable across the grain and pulse markets. Grain futures are mixed across the board and prices are mostly stable across most of the markets. In the wheat markets, March wheat futures increased $6.75 at $9.24, with local hard red spring bids at $11.35 per bushel. Cattle markets gained $0.02 at $1.6362 per 100weight and soybeans are holding at $12.50 at $8.26 per pound in the canola and wheat markets.


Transcript

00:00:00.000 The current Lethbridge feed grain price is read as follows.
00:00:03.400 Cashed barley is at $4.18, feed wheat is at $4.36, and corn is trading at $4.40 per metric ton.
00:00:09.580 In the milling wheat markets, March Minneapolis futures increased $6.75 at $9.24,
00:00:15.620 with local hard red spring bids for March movement at $11.35 per bushel.
00:00:19.760 In the oil seeds, nearby canola futures are down $6.50 at $8.26,
00:00:25.640 with delivered values for February movement at $18.51 per bushel.
00:00:30.000 In the pulse markets, nearby red lentils remain at $0.30 a pound,
00:00:33.800 and yellow peas are holding at $12.50 per bushel.
00:00:36.460 In the cattle markets, April live cattle gain $0.02 at $1.6362 per 100 weight.
00:00:43.320 For more information on grain marketing, call me at 403-394-1711.
00:00:49.300 I'm Sean Smith at Marketplace Commodities,
00:00:51.540 accurate real-time marketing information and pricing options.