MPC Daily Market Update Mar 9, 2023
Episode Stats
Words per minute
119.17287
Summary
Nothing is green out there. If it isn t holding and dormant, it's red. Commodities prices are like the weather outside. Nothing is green. If there is anything that is holding it's wheat, corn, and soybeans.
Transcript
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The commodity prices are like the weather outside.
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We got cash barley starting out holding at $4.17 a metric.
00:00:11.200
Feed wheat's down $2 a ton to $4.30 per metric.
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Moving to the milling wheat markets, May Minneapolis features are down $0.11.5 to $8.27 per bushel,
00:00:23.600
with local hard red spring bid for April movement at $10.85 per bushel delivered.
00:00:27.900
In the oilseed markets, nearby canola futures slid $15.20 to $7.93 per ton,
00:00:35.660
with delivered values for April movement at $17.52 per bushel.
00:00:40.200
Continuing on to the pulse markets, nearby red lentil prices are unchanged at $0.33 per pound,
00:00:45.520
and yellow peas are trading at $12.50 per bushel.
00:00:48.720
Finishing up at the cattle markets, April live cattle decreased $0.82 to $1.59.83 per hundredweight.
00:00:56.020
The only ray of silver lining here is the Canadian dollar is also down,
00:01:00.840
so as long as you're exporting, your prices are at least a little bit better.
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Canadian dollar is trading at $0.72.5 per US dollars.
00:01:08.920
For more information on pricing and picked up on farm options,
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accurate real-time marketing information and pricing options.