Today is a quiet day in the markets. Soybeans, wheat, canola, soybeans, and wheat futures are all steady to down a bit. Cattle, wheat and soybeans are slumping, and soybean futures are steady. Canola futures have been down a lot the last month, and today they are just down $1.30 a metric.
00:00:00.320The commodity markets over the last month have been a lot like the SpaceX Falcon 9 rocket boosters landing in the fog.
00:00:06.940You know they're coming down, you're pretty sure they won't crash, but you can't see where the ground or the bottom is right now.
00:00:13.100Today is a quieter day in the markets though, with cash barley being down $2 at $4.10 per metric, feed wheat's holding steady at $4.10 per metric as well, and corn is unchanged at $4.15 per metric.
00:00:25.140Looking at the milling wheat markets, May Minneapolis futures are up $0.03 to $8.37 per bushel, with local hard red spring bid for April movement at $10.40 per bushel delivered.
00:00:37.040In the oil seeds, canola futures have been down a lot the last month, they're just down $1.30 a metric today, trading at $7.18.70 per ton, with delivered values for April movement at $16.10 per bushel.
00:00:51.460Continuing on to the pulse markets, nearby red lentil prices are steady at $0.32.50 per pound, and yellow peas remain at $12.50 per bushel.
00:00:59.800Finishing up with the cattle markets, April live cattle slid $0.12.50 to $1.62.18 per hundredweight.
00:01:06.200For more information on pricing and picked up on farm options, give me a call at 403-394-1711.
00:01:13.180I'm Mike Van Dyke at Marketplace Commodities, accurate real-time marketing information and pricing options.