Western Standard - October 27, 2023


MPC Daily Market Update Oct 27, 2023


Episode Stats

Length

1 minute

Words per Minute

156.30713

Word Count

171

Sentence Count

24


Summary

The commodity markets are basically inverted from what happened here yesterday. Let s take a look at the pricing today. Cash barley is holding $3.52, feed wheat is holding at $2.50, and corn is holding$3.38 per metric tonne. Moving to the wheat markets, December Minneapolis futures slipped $0.06 to $7.18 per bushel, with local hard red spring bid for November movement at $9.65/bushel delivered. In the oilseeds markets, canola futures gained $10.20 to $692.30 per tonne and yellow peas are trading at $$10.75/bagger. For more information on pricing and picked up on farm options, give me a call at 403-394-1711. I m Mike Van Dyke at Marketplace Commodities, accurate, real-time marketing information and pricing options.


Transcript

00:00:00.480 The commodity markets are basically inverted from what happened here yesterday.
00:00:04.380 Let's take a look at the pricing today.
00:00:06.140 Cash barley is holding at $3.52, feed wheat is holding at $3.50, and corn is holding at $3.38, all per metric tonne.
00:00:13.840 Moving to the milling wheat markets, December Minneapolis futures slipped $0.06 to $7.18 per bushel,
00:00:19.420 with local hard red spring bid for November movement at $9.65 per bushel delivered.
00:00:23.700 In the oilseeds, January canola futures gained $10.20 to $692.30 per metric tonne,
00:00:32.140 with delivered values for November-December movement at $15.50 per bushel.
00:00:36.600 Continuing on to the pulse markets, nearby red lentil prices are holding at $0.35 per pound,
00:00:41.800 and yellow peas are trading at $10.75 per bushel.
00:00:45.360 Finishing up with the cattle markets, December live cattle took a big jump.
00:00:48.660 They were up $3.08 to $1.82.40 per hundredweight.
00:00:53.700 For more information on pricing and picked up on farm options,
00:00:56.980 give me a call at 403-394-1711.
00:01:00.680 I'm Mike Van Dyke at Marketplace Commodities,
00:01:02.900 accurate real-time marketing information and pricing options.