Western Standard - January 16, 2023


MPC Daily Market Update Jan 16, 2023

Mentioned
Bitcoin Martin Luther King Day
Federal government just transition policy Wyoming to ban electric vehicles by 2035

Episode Stats


Length

1 minute

Words per minute

157.27

Word count

186

Sentence count

24


Summary

Summaries generated with gmurro/bart-large-finetuned-filtered-spotify-podcast-summ .

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

Transcript generated with Whisper (turbo).
Hosts, guests, and mentioned names generated with spaCy (en_core_web_sm), reconciled against Wikidata.
00:00:00.800 It's a quiet day in the futures market with the markets in the U.S. being closed for Martin
00:00:04.960 Luther King Day. All the feed grain markets are trading sideways with barley at $4.35
00:00:10.080 per metric, feed wheat at $4.42 per metric and corn at $4.43 per metric. The canola markets
00:00:16.320 are open but they're not doing much. They're only up $0.80 to $840.50 per metric ton with
00:00:23.200 delivered values for February movement at $18.60 per bushel. The Canadian dollar has gone up a
00:00:28.560 little bit in the last week. It's trading at $74.63 per U.S. dollar right now. And taking a look at
00:00:34.960 Bitcoin, we are trading at $21,082 per Bitcoin right now, which is up about $5,000 since the
00:00:45.840 beginning of January. So if you have some money in Bitcoin, there's good news there. It's starting
00:00:50.080 to bounce back a little bit. Other than that, there's not much movement of anything in the
00:00:54.560 markets right now. If you are wanting to market some grain, give us a call at 403-394-1711.
00:01:01.600 I'm Mike Van Dyke at Marketplace Commodities. Accurate real-time marketing information and pricing options.