MPC Daily Market Update Jan 16, 2023
Episode Stats
Words per Minute
157.2717
Summary
It's a quiet day in the futures markets with the markets in the US being closed for Martin Luther King Day. There's not much movement in the markets right now. Canola, barley, wheat, and other grains are all trading sideways and Bitcoin is bouncing back.
Transcript
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It's a quiet day in the futures market with the markets in the U.S. being closed for Martin
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Luther King Day. All the feed grain markets are trading sideways with barley at $4.35
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per metric, feed wheat at $4.42 per metric and corn at $4.43 per metric. The canola markets
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are open but they're not doing much. They're only up $0.80 to $840.50 per metric ton with
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delivered values for February movement at $18.60 per bushel. The Canadian dollar has gone up a
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little bit in the last week. It's trading at $74.63 per U.S. dollar right now. And taking a look at
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Bitcoin, we are trading at $21,082 per Bitcoin right now, which is up about $5,000 since the
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beginning of January. So if you have some money in Bitcoin, there's good news there. It's starting
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to bounce back a little bit. Other than that, there's not much movement of anything in the
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markets right now. If you are wanting to market some grain, give us 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.