Western Standard - September 29, 2023


MPC Daily Market Update Sep 29, 2023


Episode Stats

Length

1 minute

Words per Minute

155.14285

Word Count

181

Sentence Count

26


Summary

There's a lot of red in the markets today as wheat, corn, soybeans, soymeal, and wheat futures continue to fall. In the oilseeds markets, canola futures are down $8 to $7.07 per pound and soymeal futures are off $0.36 to $1.85 per pound. Cattle markets are also falling and soybean prices are dropping.


Transcript

00:00:00.240 Well, we've got a lot of red in the markets today here.
00:00:03.220 Let's take a look at some of these prices.
00:00:04.840 We've got cash barley holding at $3.35 per metric, feed wheat's down $3.00 to $3.47 per metric,
00:00:11.520 and corn is trading at $3.50 per metric.
00:00:14.400 Moving to the milling wheat markets, December Minneapolis futures,
00:00:17.820 and I'm going to use the word decimated here.
00:00:20.160 We're decimated by $0.23 to $7.24 per bushel,
00:00:25.000 with local hard red spring bid for October movement at $9.40 per bushel.
00:00:29.740 In the oilseeds, nearby canola futures are down $8 to $7.07.50 per metric ton,
00:00:36.760 with delivered values for October movement at $15.85 per bushel.
00:00:41.400 Continuing on to the pulse markets, nearby red lentil prices are holding at $0.36.5 per pound,
00:00:47.700 and yellow peas remain at $10.75 per bushel.
00:00:50.860 Finishing up with the cattle markets, October live cattle are off $1.33 to $1.85.180 per hundredweight.
00:00:57.340 For more information on pricing and picked up on farm options,
00:01:00.880 give me a call at 403-394-1711.
00:01:05.020 I'm Mike Van Dyke at Marketplace Commodities,
00:01:07.300 accurate real-time marketing information and pricing options.