Omaha daily bee., 1914-02-10
GRAIN AND PRODUCE MARKET
Grain Men Are Expecting News Re-
ports from the Bulls.
CORN IS IN THE BALANCE
While the Farmers Arc Not Inclined
TO sell, Neither 10 There Any
Demand for the Cash
Article.
OMAHA. Feb. Q. 1sll

~ OMAHA, Feb. 2, 1918.
There is no doubt In the minds Of
that the bulls in wheat will claim de-
terioratton to the crop as soon as grow
ing weather puts in an appearance. The
Iosses 10 wheat will receive a great deal
OF attention when the time arrives for
the springing of this Kind of news, as
the trade on the whole will be enabled to
turn TO the abnormally low tempera lures
OF recent time, and this will give them
leeway for covering short lines or TAX
ing ON long wheat. The state OF Kansas
ls generally the point of attack during
the spring months, and 1t will be safe to
predict there will be a great deal of talk
OF the crop having suffered there on
account OF winter killing.
The losses in Argentine will be re-
Elected in the other wheat markets of the
world before the spring months roll
around. The exportable surplus has been
reduced on several occasions of late, but
the largest reduction was sent to the
which arrived here aSturday. This cable
gram said that Argentina will not have
to exceed 40,OOOOO0 bushels of wheat to
sell to the outside world, which is COM
pared with earlier estimate OF as high
as coo bushels. Now that Japan has
entered the wheat markets of the world
as a buyer and has purchased goodly
amounts of Australia, the European con-
tinental market doubtless will feel the
effects of this now buying power of the
far east. Worlds shipments for Monday
next will be $4,000 bushels, while for
the corresponding week shows 14SOO,OOO.
1t is said there will be a fair increase
in the amount of breadstuffs afloat on
oceans destined 90 the importing coun-
visible supplies of both the United States
and Canada. The English visible supply
decreased 1,476O00 bushels last week,
compared with decrease of 41S,000 bush
els for a like period last year.
Cash wheat was lkc higher.
Tho corn market rs in the balance
While the farmers on the whole are not
inclined to part with their grain around
the present price level, there is no de-
mand to speak of for the cash article
and this fully offsets the lack of offer
trgs from the country. The open interest
in corn has oeen greatly reduced of late
with the big people either out of theii
holdings or pretty well covered on the
recent price setbacks. The. weather is the
best that the country has enjoyed this
winter for the curing of corn, as well al
for the shelling Of grain and the move
ment to the market. Crop advices from
Argentina could hardly be more favor
able than of late. and to clinch the croI
down there they have had rains during
the last few days and the eXportable sur
plus has beer increased. Those who are
watching the corn market closely advance
the opinion that il will Improve cash de
lnand to advance prices.
Cash corn was nc to 1c lower.
Interior spectators are said to be thu
principal holders of futures In the Chi
looking for an advance In prices because
of an impossible Improvement In thu
cash trade, which mad been exception
ally small of late.
Cash oats were unchanged.
There are many conditions surrounding
the provisions which are against thos,
who are carrying the cash article as wei
as those who are long futures. The hot
situation is bearish. as shown by th'
receipts at the leading western markets
Clearances Wheat 722 900 bushels; corn,
5000 bushels; oats, 10000 bushels.
Liverpool close: Wheat, I'D higher corn,
unchanged.
Primary wheat receipts were S6S, ,0oC
bushels and shipments 40S000 bushels.
against receipts of 1,324,O00 bushels and
shipments of $4,000 bushels last year.
Primary corn receipts we're 1,227, ,00t
bushels and shipments $4,000 bushels
against receipts of 1,5S9,000 bushels and
shipments of S70.0 bushels last year
Primary oats receipts were 6S6 900 bush.
els and shipments 10000 bushels, against
receipts OF $4,000 bushels and shipments
of 4e5,00o bushels last year.
CARI,OT RECEIpTS