MPC Daily Market Update Sep 25, 2023
Episode Stats
Words per Minute
155.90135
Summary
The commodity markets are mostly down to start this Monday morning, which if you're looking to buy, then this is a good day to buy. We see wheat, corn, soybeans, soymeal, canola, wheat, and soybeans are all down, along with wheat and soymeal futures. Cattle, soybean, and pulse markets are also mostly down.
Transcript
00:00:00.160
The commodity markets are mostly down to start this Monday morning, which if you're looking to buy, I guess is excellent.
00:00:06.520
We got cash barley holding at $3.40 a metric, feed wheat's down $3.00 to $3.52 per metric,
00:00:12.360
October corn is at $3.50 per metric, and November-December corn is at $3.18 per metric.
00:00:18.320
Moving to the milling wheat markets, December Minneapolis futures select $0.02 to $7.69 per bushel,
00:00:24.060
with local hydride spring bid for October movement at $9.50 per bushel delivered.
00:00:28.200
In the oil seeds, nearby canola futures are off $8.10 to $713.90 per metric ton,
00:00:36.480
with delivered values for October movement at $16.10 per bushel.
00:00:40.620
Continuing on to the pulse markets, nearby red lentil prices are trading at $0.36.50 per pound,
00:00:49.200
Finishing up with the cattle markets, October live cattle slip $0.17.50 to $1.8690 per hundredweight.
00:00:55.820
For more information on pricing and picked up on farm options, give me a call at 403-394-1711.
00:01:03.180
I'm Mike Van Dyke at Marketplace Commodities, accurate real-time marketing information and pricing options.