Western Standard - May 19, 2023


MPC Daily Market Update May 19, 2023


Episode Stats

Length

1 minute

Words per Minute

165.1054

Word Count

235

Sentence Count

32

Misogynist Sentences

1


Summary

Between steak on the shirt and the markets being red, I think there are a lot of subtle indicators for someone to have a rare steak tonight. Let s take a look at these prices here. Cash barley is holding steady at $4.05 a metric, feed wheat is down $1 to $4 a metric and corn is holding at $3.88 a metric. Moving to the milling wheat markets, July Minneapolis futures are down $0.13 to $8.15 per bushel, with local hard red spring bid for May movement at $10.15 a bushel delivered. In the oil seeds markets, nearby canola futures are, you guessed it, down $3 a ton to $700 a ton even with delivered values for May at $16.34 per pound. Continuing on to the pulse markets: nearby red lentil prices are trading at $$0.34 a pound, and yellow peas are holding $1.125 a pound.


Transcript

00:00:00.000 Well, between steak on the shirt and the markets being red, I think there's going to be a lot of subtle indicators for someone to have a rare steak tonight.
00:00:08.240 Let's take a look at these prices here.
00:00:10.300 Cash barley is holding steady at $4.05 a metric.
00:00:12.960 Feed wheat is down $1 to $4.04 a metric.
00:00:16.220 And corn is holding at $3.88 a metric.
00:00:18.660 Moving to the milling wheat markets, July Minneapolis futures are down $0.13 to $8.15 per bushel, with local hard red spring bid for May movement at $10.15 per bushel delivered.
00:00:29.040 In the oil seeds, nearby canola futures are, you guessed it, down $3 a ton to $700 a ton even, with delivered values for May movement at $16 per bushel.
00:00:40.480 Continuing on to the pulse markets, nearby red lentil prices are trading at $0.34 per pound, and yellow peas are holding at $1.125 per bushel.
00:00:50.120 Finishing up with the cattle markets, June live cattle are actually the only futures months that are down.
00:00:54.440 Right now they're down $0.10.
00:00:55.680 The rest of the futures months are actually green and up at the moment.
00:01:00.320 But June is down $0.10 to $1.65.500 per hundred weight.
00:01:05.280 For more information on pricing and picked up on farm options, give me a call at 403-394-1711.
00:01:12.340 I'm Mike Van Dyke at Marketplace Commodities.
00:01:14.520 Accurate real-time marketing information and pricing options.
00:01:17.400 Woohoo!
00:01:21.180 Music.
00:01:22.740 Music.
00:01:23.060 Music.
00:01:24.900 Come on.
00:01:24.960 Music.