Western Standard - October 12, 2023


MPC Daily Market Update Oct 12, 2023


Episode Stats

Length

58 seconds

Words per Minute

130.56888

Word Count

127

Sentence Count

19


Summary

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

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.