Western Standard - May 15, 2023


MPC Daily Market Update May 15, 2023


Episode Stats

Length

59 seconds

Words per Minute

130.1695

Word Count

128

Sentence Count

19


Summary

Latest wheat, corn, soybean, and canola prices hit new highs. Cattle, wheat, and soybean futures hit new record highs. Feed grain prices hit multi-month highs as well. May wheat, soybeans, and oilseeds all hit new records.


Transcript

00:00:00.000 The current Lethbridge feed grain prices are as follows, cash barley is up $2.00 at $4.07, feed wheat is up $4.00 at $4.08, and corn is up $4.00 at $394 per ton.
00:00:13.000 In the milling wheat markets, July Minneapolis futures gained $0.25 at $8.71, with local hardwood and spring bid for May movement at $10.30 per bushel.
00:00:25.000 In the oilseeds, nearby canola futures jumped $16 at $729 per ton, with delivered values from May movement at $16.36 per bushel.
00:00:36.000 In the pulse markets, nearby red lentil prices are trading at $0.34 per pound, and yellow peas remain at $11.50 per bushel.
00:00:45.000 In the cattle markets, June live cattle slipped $0.50 at $163.90 per hundredweight.
00:00:52.000 I'm David Lee at Marketplace Commodities, accurate real-time marketing information and pricing options.