USDA releases weekly grain and pulse prices after the release of its monthly report. Grain markets are mostly bearish after the report. Let's take a look at how markets are reacting to the report and see how prices have reacted to it.
00:00:00.800We had the USDA report come out today and I'm not saying it's as surprising as two feet of snow in the middle of September, but I was definitely surprised it came out mostly bearish.
00:00:10.600Let's take a look at a few of these prices here and how they're reacting once this report came out.
00:00:15.240Feed grains, cash barley's holding at $3.40 and feed wheat's holding at $3.58 per metric.
00:00:24.380Taking a look at the milling wheat market, December Minneapolis futures are up $0.09 to $7.76 per bushel, with local hard red spring bid for September movement at $9.25 per bushel delivered.
00:00:36.500In the oil seeds, nearby canola futures are down $15 to $7.52.60 per metric ton, with delivered values for September movement at $16.90 per bushel.
00:00:47.540Continuing on to the pulse markets, nearby red lentil prices are trading at $0.35 per pound, and yellow peas remain at $11 per bushel.
00:00:56.260Finishing up with the cattle markets, October live cattle slipped $0.32.50 to $1.83.90 per hundredweight.
00:01:03.060For more information on pricing and picked up on farm options, give me a call at 403-394-1711.
00:01:10.140I'm Mike Van Dyke at Marketplace Commodities, accurate real-time marketing information and pricing options.