Western Standard - July 07, 2023


MPC Daily Market Update Jul 7, 2023


Episode Stats

Length

1 minute

Words per Minute

156.54869

Word Count

202

Sentence Count

24


Summary

After coming down pretty hard the last couple weeks, we re into the bouncy part of the roller coaster ride right now with prices going up and down. Let s take a look at a few of these prices here: Cash barley is up $4.19 a metric, feed wheat is up 5.10 a metric and corn is up 8.93 per metric. Moving to the milling wheat market, September Minneapolis futures are down $0.09 to $8.49 per bushel with local hard red spring bid for July movement at $10.50 per bushelled delivered. In the oil seeds market, nearby canola futures are $2.80 to $760 per metric ton with delivered values for July at $1.760 per ton. Continuing on to the pulse markets, nearby red lentil prices are trading at $$0.33, and yellow peas remain at $1125 per bushee. Finishing up with the cattle markets, August live cattle are up $2,25 to $1,768 per hundredweight.


Transcript

00:00:00.240 Now these commodity markets sure have been like a roller coaster ride.
00:00:03.720 After coming down pretty hard the last couple weeks, we're into the bouncy part of the roller coaster ride right now with prices going up and down.
00:00:12.160 Let's take a look at a few of these prices here.
00:00:14.440 Cash barley is up $4 to $4.19 a metric.
00:00:17.920 Feed wheat is up $5 to $4.10 per metric.
00:00:21.060 And corn is up $8 to $3.93 per metric.
00:00:24.160 Moving to the milling wheat market, September Minneapolis futures are down $0.09 to $8.49 per bushel with local hard red spring bid for July movement at $10.50 per bushel delivered.
00:00:36.360 In the oil seeds, nearby canola futures are down $2.80 to $760 per metric ton with delivered values for July movement at $1,760 per bushel.
00:00:48.280 Continuing on to the pulse markets, nearby red lentil prices are trading at $0.33.50 and yellow peas remain at $1,125 per bushel.
00:00:56.860 Finishing up with the cattle markets, August live cattle are up $2.25 to $1.768.30 per hundredweight.
00:01:04.320 For more information on pricing and picked up on farm options, give me a call at 403-394-1711.
00:01:11.840 I'm Mike Van Dyke at Marketplace Commodities, accurate real-time marketing information and pricing options.