Western Standard - May 02, 2023


MPC Daily Market Update May 2, 2023


Episode Stats

Length

56 seconds

Words per Minute

131.78572

Word Count

123

Sentence Count

18


Summary

Grains, Cattle, Oilseeds, Pulsals, Cows, Grains, Soybeans, and Grains are all trading higher in the morning markets. Feed grain prices are higher across the board, while soybean and wheat prices are mostly stable.


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 is at $396 per tonne.
00:00:10.500 In the milling wheat markets, July Minneapolis futures are lower 5 cents at $7.86, with local hardwood spring bid for May movement at $10.20 per bushel.
00:00:21.000 In the oilseeds, nearby canola futures added $9.30 at $713.90 per tonne, with delivered values for May movement at $15.96 per bushel.
00:00:33.000 In the pulse markets, nearby red lentil prices remain at $0.35 per pound, and yellow peas are trading at $11.50 per bushel.
00:00:42.000 In the cattle markets, June live cattle slipped $1.60 at $163.27.50 per hundredweight.
00:00:50.000 I'm David Lee at Marketplace Commodities, accurate real-time marketing information and pricing options.