Western Standard - January 23, 2023


MPC Daily Market Update Jan 23, 2023


Episode Stats

Length

1 minute

Words per Minute

149.69759

Word Count

198

Sentence Count

24


Summary

Latest update on current commodity prices around Lethbridge. It seems to be a patriotic day as there is a lot of red in the market. Cashed barley is down $2 a tonne to $4.30 per metric, feed wheat is down 2.42 per metric and corn is down 3.40 per metric. Moving to the milling wheat markets, March Minneapolis futures are down $0.275 to $8.85 per bushel, with local hard red spring bid for February wheat at $11.25/bushel delivered. In the oilseeds markets, nearby canola futures lost $1.70 per metric tonne, with delivered values for February delivery at $18.10/bundling.


Transcript

00:00:00.880 Here's an update on current commodity prices around Lethbridge. It seems to be a very patriotic
00:00:05.040 day as there's a lot of red in the market. Cashed barley is down $2 a tonne to $4.30 per metric,
00:00:10.400 feed wheat is down $2 a tonne to $4.42 per metric, and corn is down $3 a tonne to $4.40 per metric.
00:00:17.440 Moving to the milling wheat markets, March Minneapolis futures are down $0.275 to $8.85
00:00:23.040 per bushel, with local hard red spring bid for February movement at $11.25 per bushel delivered.
00:00:29.440 In the oilseeds, nearby canola futures lost $8.70 per metric tonne to $8.04.10 per metric tonne,
00:00:37.440 with delivered values for February movement at $18 per bushel. Continuing on to the pulse markets,
00:00:43.200 nearby red lentil prices are sideways at $0.30 per bushel, and yellow peas are sideways at $12.50
00:00:49.280 per bushel. Taking a quick look at the cattle markets, it's the only thing that's green today
00:00:53.440 right now. February live cattle are up $0.80 to $1.57.50 per hundredweight. For more information
00:00:59.600 on pricing and picked up on-farm options, give me a call at 403-394-1711. I'm Mike Van Dyke,
00:01:06.480 on Marketplace Commodities, accurate real-time marketing information, and pricing options.