Western Standard - July 31, 2023


MPC Daily Market Update Jul 31, 2023


Episode Stats

Length

57 seconds

Words per Minute

142.9558

Word Count

138

Sentence Count

21


Summary

Grain markets fall across the board across the grain and oilseeds markets on Tuesday morning. Grain futures and options hit record lows and soybeans and wheat hit multi-month lows in the morning markets. In the afternoon soybean markets, soybean futures and soymeal futures hit record highs. Cattle futures and wheat futures also hit record low levels.


Transcript

00:00:00.000 The current Lethbridge Feed Green price is read as follows. Cash Barley is at $4.14,
00:00:05.440 Feed Wheats at $4.15, and Corn is down $5 at $3.99 per metric ton. In the milling wheat markets,
00:00:12.240 September Minneapolis Futures lost $0.41.25 at $8.15, with local hardwood spring bids for August
00:00:18.640 movement at $10.50 per bushel. In the oilseeds, nearby Canola Futures dropped $23 per metric ton
00:00:25.600 at $7.86.10 per ton, with delivered values for August movement at $18.05 per bushel. In the
00:00:32.000 Pulse markets, nearby Red Lentils are trading at $0.32 a pound, and Yellow Peas are at $11 per bushel.
00:00:39.360 In the cattle markets, August live cattle are down $1.15 at $1.77 per 100 wheat. For more information
00:00:46.800 on grain marketing, call me at 403-394-1711. I'm Sean Smith at Marketplace Commodities,
00:00:54.320 Accurate Real-Time Marketing Information and Pricing Options.