MPC Daily Market Update Oct 20, 2023
Episode Stats
Words per Minute
168.79294
Summary
wheat, corn, soybeans, and wheat futures are all holding steady, while soybean futures have risen slightly. Soybean futures are trading mostly sideways, while wheat, soymeal, and canola futures have all held steady. Cattle and pulse markets are also holding steady.
Transcript
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We have a pretty mundane day in the markets at the moment here. Let's take a look at some of
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these prices. Cash barley's holding at $3.40 per metric, feed wheat's holding at $3.50 per metric,
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and corn is unchanged at $3.35 per metric. Moving to the milling wheat markets, December
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Minneapolis futures are up two cents to $7.40 per bushel, with local hard red spring bid for
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October movement at $9.05 per bushel delivered. In the oil seeds, nearby canola futures are
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trading sideways at $6.92.50 per tonne, with delivered values for October movement at $15.90
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per bushel. Continuing on to the pulse markets, nearby red lentil prices are trading at $0.36.5
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per pound, and yellow peas are holding at $10.75 per bushel. Finishing up with the cattle markets,
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December live cattle slipped $0.30 to $1.85 even per hundredweight. For more information on pricing
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and picked up on farm options, give me a call at 403-394-1711. I'm Mike Van Dyke at Marketplace
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Commodities, accurate real-time marketing information and pricing options.