MPC Daily Market Update Oct 24, 2023
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Summary
With the first snow of the year, here's what prices are doing in the markets in Lethbridge today. (Good morning everyone) Today's prices: (00:00) Grain markets: (02:30) Cattle markets: (03:15) Soybean markets: [05:00] Canola prices: [07:30] Grains: [08:15] Soybeans: [09:40] Cows: [11:50] Soybean futures: [15:00], wheat: [19:30], barley: [23:00, corn: [26:00]. Soybeans, corn, soybeans, soymeal, meal: [30:00 Canola, wheat, canola, peas, red lentil, soybean oil: [36:00 ] Soybean prices: $7.27, $9.60, $15.44, $10.75, $16.86, $19.80, $20.00, $21.15, $23.00) Cattle prices: (01:05) (05:
Transcript
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With the first snow of the year, here's what prices are doing in Lethbridge today.
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Cash barley remains at $3.42, feed wheat is holding at $3.50 and corn is sideways
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at $3.38 per metric tonne. In the milling wheat markets, December
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Minneapolis futures dropped 10.25 cents to $7.27 per bushel, with local
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hardware at spring bid for November movement at $9.60 per bushel. Looking at
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canola, November futures are lower $4.90 at $6.8630 per tonne, with
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delivered values for November-December movement at $15.44 per bushel. In the
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pulse markets, nearby red lentil prices are lower a penny at $0.35 and a half
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cents per pound and yellow peas are holding at $10.75 per bushel. In the cattle
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markets, December live cattle are off $0.55 at $1.77.80 per hundredweight. For more
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information on pricing or picked up options, give me a call at 403-394-1711.
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I'm Matt Busiekum at Marketplace Commodities, accurate real-time marketing