Western Standard - September 18, 2023


MPC Daily Market Update Sep 18, 2023


Episode Stats


Length

1 minute

Words per minute

161.4679

Word count

176

Sentence count

24


Summary

Summaries generated with gmurro/bart-large-finetuned-filtered-spotify-podcast-summ .

Monday morning grains, wheat, soybeans, canola, and pulse markets hit new lows in the early morning hours of the markets. Let's take a look at what's going on in the markets and see if there's anything to be worried about.

Transcript

Transcript generated with Whisper (turbo).
00:00:00.240 Well, we're kicking off Monday with seeing a bunch of red in the markets.
00:00:03.580 Let's take a look at a few of these prices here.
00:00:05.620 Cash bar is holding at $3.40 a metric and wheat is unchanged at $3.55 a metric.
00:00:11.440 Corn is down $4 to $3.50 per metric.
00:00:14.840 Moving to the milling wheat markets, December Minneapolis futures slid $0.12 to $7.77 per bushel
00:00:20.780 with local hard red spring bid for September movement at $9.55 per bushel delivered.
00:00:25.440 In the oil seeds, nearby canola futures fell $20.40 to $7.43.50 per metric ton
00:00:32.900 with delivered values for September movement at $17 per bushel.
00:00:37.420 Continuing on to the pulse markets, nearby red Lanzo prices are trading at $0.36 per pound
00:00:42.860 and yellow peas are holding at $11 per bushel.
00:00:46.420 Finishing up with the cattle markets, October live cattle are off $0.35 to $1.86, $5.75 per hundredweight.
00:00:52.920 For more information on pricing and picked up on farm options, give me a call at 403-394-1711.
00:01:00.280 I'm Mike Van Dyke at Marketplace Commodities.
00:01:02.620 Accurate real-time marketing information and pricing options.