MPC Daily Market Update Jan 31, 2023
Episode Stats
Words per minute
138.27467
Summary
Today's feed grains, soybeans, wheat, oilseeds, pulse markets, and cattle markets are mostly steady to slightly higher than yesterday's levels. Today's wheat, soybean, and canola futures add another $3.50 to $8.50 per bushel, and soymeal adds another $2.50 at $9.24/bushel.
Transcript
00:00:00.000
The current Lothbridge feedgrind prices are as follows.
00:00:05.500
Feed wheat remains at $4.44, while corn is down $2 at $4.43.
00:00:10.800
Over to the milling wheat markets, March Minneapolis futures are 2.5 cents higher at $9.24 per bushel,
00:00:17.580
with local hard red spring bid for Feb-March movement at $11.45 per bushel delivered.
00:00:23.600
Looking at the oilseeds, nearby canola futures added another $3.50 today at $8.31.40 per ton,
00:00:31.880
with delivered values for Feb-March movement at $18.39 per bushel delivered.
00:00:36.860
In the pulse markets, nearby red lentils are holding at $0.30 a pound,
00:00:40.900
and yellow peas are unchanged at $12.50 per bushel.
00:00:44.240
And in the cattle markets, April live cattle dip $0.30 at $1.6305 per hundredweight.
00:00:50.200
For more information on pricing and picked-up on-farm options,
00:01:01.200
Accurate real-time marketing information and pricing options.