Omaha daily bee., 1912-09-12
GRAIN AND PRODUCE MARKET
Many Think Wheat Market is in
Shape for an Upturn.
CASH CORN REACTS SHARPLY
Natural DuIIness IL Noted I'm Oats
Trade, with Only a Little Rally
with Other Markets at
the Close.
OMAHA. September Il, 1872.


Following the strong turn In wheat
yesterday. there was considerable express
son OF bull sentiment and many declared
the market In shape for some further up
turn. Traders say the general trade was
oversold IN expecting more bearish
Washington report than was received.
Grain men think ii well to take into con-
s.deration the fact that shorts, both big
and little, were largely induced to hedge
yesterday, and that this element of sup
port will be wanting the rest of the week.
and 1t Is more than probable that cash
and elevator interests will take advan-
tage OF any further bulge to make hedg-
ing sales The news from the northwest
is very bearish, and there Is little doubt
but that the total spring crop will be
raised by later reports, based on threshing
returns. Cash wheat was hc TO 1c higher.
No doubt the September and cash sit
uation will bear close watching for the
remainder Of the month. as sharp reac-
ton in the cash prices were reported
late yesterday. Brokers thought there
was some investment buying for the
new crop month on foreign orders Each
bright day adds millions of bushels to
the volume of commercial corn and re-
duces the element of danger from frost
Traders say they can see chances lor
lselling pressure In the May option on
hard spots, but there Is reason TO Keep 10
THE buying side of the December or de-
pressions, because the country Is rot
likely to supply the corn necessary TO iii
contracts for that month at 50 great
discount under old corn. The shipping
sales were largest yesterday and It looks
as II all the available corn Is wanted.
Cash corn unchanged to lc lower.
A natural dullness was noted In oats
yesterday and only a little rally with
lother markets at the close. The supply
is SO great that selling pressure IL hkeiy
TO be the feature
Cash oats, unchanged to Ac lower.
Primary wheat receipts were l,9l9,OO0
lbu. and shipments l.SO0.00O bu., against
receipts. 100000 bu., and shipments,
$4,000 bu. last year. Corn receipts were
against receipts. 7sS.OOO bu., and ship
lmets 1,o62,0O0 bu last year. Oats re-
Iceipts were 1,S96o00 bu. and shipments
I9l5,000 bu., against receipts 10000 bu.,
and shipments, .l7.0oO bu. last year.
The following cash sales were reported
Wheat: No. hard winter, 5 cars, SEC;
10 cars. S5%c; 6 cars, S5lkc. No. 8 hard
winter, cars, Sc; / car, s4NNe; cais,
Sikc; 3 cars Slc. No. 4 hard winter, l
icar, S3Mc. No grade hard winter. / car.
&c; cars, 75c. No. mixed car, S41sc. |
Corn: No. 2 white, car, 73c; No. 3 white, |
cars, 72iac. No. white. / car. TIC. u |
car T0jkc. NJ yellow. car, Tic, No. 8
yellow, W. cars. Tic. NO. yellow, car, |
zoe; car. 6sc. No. mixed, car
tchoice). 71Ac; cars. 7oIkc:se cars. 7oAc.
No. mixed, car. 6slhc: + car, 69c. No |
grade. car. esHc. Oats: No. 3 white,
is cars, 91i5c; 6 cars. 31Ac; cars. 3Ic No |
a white. car, ale: car, 30Zc.
Clearances. Wheat and flour, $4,000 |
bu. corn, 3,Oo0 bu.; oats, 1900 bu.
Liverpool closed with wheat Ad higher |
ito bd lower. Corn unchanged TO hd !
lower
Omaha Cash Prices
WHEAT-No hard, S59S7isc No. !
hard. &0Selsc; No. hard, S0l1GS5c.
CoRN-No. white, 73c; No. white, |
72llc; No white, 70is@12c; No. Q yellow, !
nc; No. 3 yellow. 7OEq7ic; No. 4 yellow. |
69G70c; No, 2, 70IkG.&: No. Q, 70s370l4c; |
No 1, 6sg69lsc: no grade 6sMc
OATS-No. white. 3i1k932c; standard,
slk@siAc; No. white 31d3lhc: No. |
white. S0z z9s1c; No. yellow, 3Oa4Q3lc.
BARLEY-Malting 6o@65c; No. ! feed,
IwE ~ e,Sae4. ~, a saae.a