Western Standard - July 13, 2023


MPC Daily Market Update Jul 13, 2023


Episode Stats

Length

1 minute

Words per Minute

156.5887

Word Count

183

Sentence Count

24


Summary

After the USDA report turned the futures markets red yesterday, they're mostly green again today. Let's take a look at a few of the most actively traded futures markets and see where prices are trading today. Today wheat, corn, soybeans, canola, wheat, and pulse markets have all hit new highs.


Transcript

00:00:00.240 After the USDA report turned a bunch of these futures markets red yesterday, they're mostly green again today.
00:00:06.440 Let's take a look at a few of these prices.
00:00:08.620 Cash barley is up $5 a metric, $10 to $4.33 per metric.
00:00:12.680 Feed wheat's holding at $4.18 a metric and corn is holding at $3.90 per metric.
00:00:18.160 Moving to the milling wheat markets, September Minneapolis futures are up $0.09 to $8.62 per bushel,
00:00:24.440 with local hard red spring bid for July movement at $9.80 per bushel delivered.
00:00:29.020 In the oil seeds, nearby canola futures jumped $14.30, trading at $811.80 per metric ton,
00:00:37.660 with delivered values for August movement at $18.50 per bushel.
00:00:41.500 Continuing on to the pulse markets, nearby red lentil prices are trading at $0.34 per pound,
00:00:46.660 and yellow peas remain at $11.50 per bushel.
00:00:49.560 Finishing up with the cattle markets again here, August live cattle slipped $1.33 to $1.75.55 per hundredweight.
00:00:57.600 For more information on pricing and picked up on farm options, give me a call at 403-394-1711.
00:01:04.980 I'm Mike Van Dyke at Marketplace Commodities, accurate real-time marketing information and pricing options.