MPC Daily Market Update May 25, 2023
Episode Stats
Summary
Grains, Livestock, and oilseeds prices move in and out of range across the grain and pulse markets. In the grain markets, wheat, corn, soybeans, and canola prices move higher, while wheat, soymeal, and soymeal futures decline.
Transcript
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The current Lethbridge feed grain prices are as follows. Cash parties at $4.05,
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feed wheat's at $4.04, and corns trading at $3.92 per metric ton. In the milling wheat markets,
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July Minneapolis futures gained 3.5 cents at $8.02, with local hard red spring bids for May
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movement at $10.48 per bushel. In the oilseeds, nearby canola futures lost $3.60 at $6.94.50 per
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ton, with delivered values for June movement at $15.52 per bushel. In the pulse markets,
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nearby red lentils are trading at $0.33 a pound, and yellow peas are holding at $11.25 per bushel.
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In the cattle markets, June live cattle increased $0.72 at $1.68.82 per 100 wheat.
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For more information on grain marketing, call me at 403-394-1711. I'm Sean Smith at Marketplace
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commodities, accurate real-time marketing information, and pricing options.