Western Standard - May 15, 2023


MPC Daily Market Update May 15, 2023

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Episode Stats


Length

59 seconds

Words per minute

130.17

Word count

128

Sentence count

19


Summary

Summaries generated with gmurro/bart-large-finetuned-filtered-spotify-podcast-summ .

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

Transcript generated with Whisper (turbo).
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.