Western Standard - June 12, 2023


MPC Daily Market Update June 12, 2023


Episode Stats

Length

1 minute

Words per Minute

170.54047

Word Count

203

Sentence Count

22


Summary

Dierks Bentley's hit "Sideways" hits the spot market today. Well, if you had to pick a song to describe the market today, you'd probably have to pick Sideways. Not necessarily for the lyrics, but just for the title of the song. We ve got a lot of prices moving sideways here today.


Transcript

00:00:00.640 Well, if you had to pick a song to describe the market today, you'd have to pick Sideways
00:00:05.560 from Dierks Bentley, not necessarily for the lyrics, but just for the title of the song.
00:00:10.160 We've got a lot of prices moving sideways here today.
00:00:13.240 Let's take a look at a few of these.
00:00:15.240 Cash Barley is sideways to $4.10 a metric, Feed Wheat is sideways at $4.10 a metric,
00:00:20.740 and Corn is up $2.00 to $4.06 per metric.
00:00:24.040 Moving to the Milling Wheat markets, July Minneapolis futures are sideways to $8.11 per
00:00:28.440 bushel, with local Hard Red Spring bid for June movement at $10.35 per bushel delivered.
00:00:34.040 In the oilseeds, nearby canola futures are also sideways to $6.86 per ton, with delivered
00:00:39.640 values for June movement at $15.70 per bushel.
00:00:43.680 Continuing on to the Pulse markets, nearby red lentils are trading at $0.33 per pound, and
00:00:48.520 yellow peas are sideways at $11.25 per bushel.
00:00:52.320 Finishing up with the cattle markets here, August live cattle are up $1.68 to $1.735 per
00:00:58.300 hundredweight.
00:00:59.520 For more information on pricing and picked up on farm options, give me a call at 403-394-1711.
00:01:06.320 I'm Mike Van Dyke at Marketplace Commodities, accurate real-time marketing information and
00:01:10.500 pricing options.