Western Standard - March 16, 2023


MPC Daily Market Update Mar 16, 2023


Episode Stats


Length

1 minute

Words per minute

169.56522

Word count

208

Sentence count

26


Summary

Summaries generated with gmurro/bart-large-finetuned-filtered-spotify-podcast-summ .

The commodity prices are predominantly down this morning, but it's still a lot better to hang on to commodities than bank shares at the moment. Let's take a look at some of the pricing and see how they compare to bank shares.

Transcript

Transcript generated with Whisper (turbo).
00:00:00.160 The commodity prices are predominantly down this morning, but it's still a lot better to hang on to commodities than it is bank shares at the moment.
00:00:07.640 Let's take a look at some of these pricing. We'll start with some alliteration and looking at the milling wheat markets with May Minneapolis futures being down $0.03 to $8.50 per bushel with local hard red spring bid for April movement at $10.80 per bushel delivered.
00:00:21.120 In the oilseeds, nearby canola futures are down $1.90 to $7.49.10 per ton with delivered values for April movement at $1,705 per bushel.
00:00:32.740 Continuing on to the pulse markets, nearby red lentil prices are trading at $0.32.50 per pound and yellow peas remain at $1,250 per bushel.
00:00:41.300 Taking a quick look at the cattle markets, April live cattle are up $1.05 to $1.62.60 per hundredweight.
00:00:49.160 I'll finish up with the feed grains here. Cash barley is down $2 at $4.15 per metric.
00:00:55.480 Feed wheat is down $8 to $4.17 per metric and corn is down $2 to $4.15 per metric.
00:01:02.920 I'm Mike Van Dyke at Marketplace Commodities. Give me a call for more information on pricing and picked up on farm options.
00:01:09.100 I'm here at Marketplace Commodities, accurate real-time marketing information and pricing options.