Western Standard - May 10, 2023


MPC Daily Market Update May 10, 2023


Episode Stats

Length

1 minute

Words per Minute

165.26292

Word Count

242

Sentence Count

27


Summary

Cloudy day in Lethbridge, Alberta. Heavy rain showers and thunderstorms. Grain markets mixed, oilseed futures slip, grain markets steady, cattle markets slip, soybeans steady, wheat steady, canola prices slip, and wheat holds steady.


Transcript

00:00:00.000 Well, there's some thunderclouds behind me that were pictured from yesterday, and thanks to Leighton Colt for that picture.
00:00:06.420 And we've got about three-tenths of an inch of rain in Lethbridge here, according to the rain gauge out front.
00:00:11.960 Let me know what you guys got as well.
00:00:14.980 Hopefully these prices today are not following too much of this cloud cover that we have as well, and we can get a bit of a direction again.
00:00:23.380 Market's a little bit all over the place at the moment.
00:00:26.760 We've got cash barley down $2 a ton to $4.07.
00:00:30.360 Feed wheat's holding steady at $4.06, and corn is unchanged at $3.95.
00:00:35.720 In the milling wheat markets, we've got July Minneapolis futures rising $3.5 to $8.51 per bushel, with local hard red spring bid for May movement at $10.40 per bushel delivered.
00:00:46.740 Taking a look at the oilseed markets, canola futures slipped $2.20 to $740.30 per ton, with delivered values for May movement at $16.25 per bushel.
00:00:59.340 In the pulse markets, red lentils are trading at $0.35 a pound, and yellow peas are holding at $11.50 per bushel.
00:01:05.340 Finishing up with the cattle markets, June live cattle slipped $0.22 to $1.63.70 per hundredweight.
00:01:12.220 For more information on pricing, or just to tell me how much the Leafs hopefully win tonight and don't get swept, give me a call at 403-394-1711.
00:01:23.060 I'm Mike Van Dyke of Marketplace Commodities, accurate real-time marketing information and pricing options.