MPC Daily Market Update Jan 19, 2023
Episode Stats
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142.11618
Summary
Grain markets are mostly stable across the grain and oilseed markets. Grain futures are mixed across the wheat, corn, soybean, and wheat markets. Cattle markets have hit bottom and soybean futures have hit record lows.
Transcript
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The current Lethbridge Feed Green price is read as follows. Cash barley is at $4.43,
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feed wheat is at $4.41, and corn is trading at $4.43 per metric ton. In the milling wheat markets,
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March Minneapolis futures gained $0.75 at $9.08, with local hard red spring bids for February
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movement at $11.50 per bushel. In the oil seeds, nearby canola futures lost $5.50 at $8.31.20 per
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ton, with delivered values for February, trading at $18.40 per bushel. In the pulse markets,
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nearby red lentils are softer at $0.31 a pound, and yellow peas are trading at $13.25 per bushel.
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In the cattle markets, February live cattle dropped $0.97 at $1.5715 per 100 weight.
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For more information on grain marketing, call me at 403-394-1711. I'm Sean Smith at Marketplace
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commodities, accurate real-time marketing information, and pricing options.