Western Standard - October 12, 2023


MPC Daily Market Update Oct 12, 2023

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Episode Stats


Length

58 seconds

Words per minute

130.57

Word count

127

Sentence count

19


Summary

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

Grains, Oilseeds, Cattle, and Pulses all hit new record highs in the morning soybean and wheat markets. In the afternoon soybean markets, wheat futures added $4.25 at $7.22/bushel, while soybean futures jumped $11.40 at $718.90/tons. Cattle markets rose $0.875 at $187.85/cattle and soybean prices rose $1.45 at $15.75/cullen.

Transcript

Transcript generated with Whisper (turbo).
00:00:00.880 The current Luthridge feed grain prices are as follows.
00:00:04.540 Cash barley is unchanged at $3.45, feed wheat is unchanged at $3.55, and corn is down $3 at $344 per ton.
00:00:13.940 In the milling wheat markets, December Minneapolis futures added $4.25 at $7.22,
00:00:19.840 with local hard red spring bid for October movement at $9.64 per bushel.
00:00:24.380 In the oilseeds nearby, canola futures jumped $11.40 at $718.90 per ton,
00:00:31.780 with delivered values for October movement at $15.75 per bushel.
00:00:36.460 In the pulse markets, nearby red lentil prices are holding at $0.365 per pound,
00:00:41.440 and yellow peas are trading at $10.75 per bushel.
00:00:45.040 In the cattle markets, December live cattle increased $0.875 at $187.85 per hundredweight.
00:00:52.240 I'm David Lee at Marketplace Commodities,
00:00:55.820 active real-time marketing information and pricing options.