MPC Daily Market Update Sep 5, 2023
Episode Stats
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136.78825
Summary
Let's take a look at where grains, soybeans, wheat, and other grains are trading at in the morning hours. Today's market action covers wheat, soybean, corn, and soybean futures, soymeal, and pulse markets.
Transcript
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Before we get into the ag commodities, I just want to point out the West Texas Intermediate
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price. It's trading at $87.40 US a barrel at the moment, which is up just about $9 since
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August 24th. Something to keep an eye on there. Let's take a look at these ag commodities
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where they're trading at. Cash barley is down $5 to $3.45 per metric. Feed wheat's holding
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at $3.60 and corn is also holding at $3.60 per metric. Moving to the milling wheat markets,
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December Minneapolis futures went up $0.06 to $7.66 per bushel with local hard red spring bid for
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September movement at $9.25 per bushel delivered. In the oilseeds, nearby canola futures slipped $12.70
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to $798.70 per metric ton with delivered values for September movement at $18.05 per bushel.
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Continuing on to the pulse markets, nearby red lentil prices are trading at $0.35 per pound
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and yellow peas remain at $11 per bushel. Finishing up with the cattle markets, October live cattle
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increased to $0.25 to $1.80, $1.75 per hundredweight. For more information on pricing and picked up on
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farm options, give me a call at 403-394-1711. I'm Mike Van Dyke at Marketplace Commodities,
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accurate real-time marketing information, and pricing options.