Western Standard - May 01, 2023


MPC Daily Market Update May 1, 2023


Episode Stats

Length

56 seconds

Words per Minute

147.54099

Word Count

138

Sentence Count

21


Summary

Grains, Livestock, and oilseeds prices are all down across the grain and pulse markets. Grain prices have dropped across the board across the futures markets. In the grain markets, wheat, soybeans, corn, and soymeal have all hit multi-month lows. Cattle markets have lost ground, and wheat and soybeans have hit their lowest levels of the week.


Transcript

00:00:00.000 The current Lethbridge feed grain prices are as follows. Cash barley is at $4.10, feed wheat is at $4.06, and corn softer at $3.96 per metric ton.
00:00:10.340 In the milling wheat markets, July Minneapolis futures are at a lower 11 cents at $7.92, with local hard red spring bids for May movement at $10.25 per bushel.
00:00:20.080 In the oilseeds, nearby canola futures are down $1.70 at $7.01.70 per ton, with delivered values from May movement at $1.569 per bushel.
00:00:30.740 In the pulse markets, nearby red lentils remain at $0.35 a pound, and yellow peas are trading at $1.150 per bushel.
00:00:38.220 In the cattle markets, June live cattle lost $0.45 at $1.6502 per 100 weight.
00:00:44.340 For more information on grain marketing, call me at 403-394-1711.
00:00:51.100 I'm Sean Smith at Marketplace Commodities, accurate real-time marketing information and pricing options.