Omaha daily bee., 1920-08-18
Chicago Grain
BY CHARLES D. MICHAELS.
Ihicnyn Tribune Omaha Hee INnacd Wire


Chicago, Aug. Light country
offerings of wheat are attracting at.
tention of the trade. The central
western farmers and those east of
Chicago, who usually sell wheat
freely at this season, are holding
back. This is felt in the cash mar
ket and the exporters and those III
the cash trade say it is easier to sell
wheat at the seaboard than to buy
it in the country. There is moro
export business at the gull than at
any other section and those who
have wheat sold to go there from
the southwest are trying hard to
get it from the farmers. Big pre-
miums for the cash wheat as conf
pared with the futures should bring
it out, but the movement is disap-
pointing. News of the corn crop is
mixed The trade is short the De-
cember, and strong interests are
long the September. Oats are act
ing heavy with September at a dis
count under December for the first
time on the crop. --
Selling pressure which predominated the
evidence to any effect today and the buy
rg power although not especially heavy
was strong enough to make hi&her prices
after several small dips. The finish was at
gains of &c to 2Ac on wheat, &c to 2&o
on corn. unchanged to sc higher on oats.
2lac to 4hc up on rye and NC to lto
Cash Wheat Higher.
with higher prices FOR cash wheat on
all markets and with active buying OF
futures against export sales OF 100000
bushels or more. futures moved up read
lily. the impression being that they eN-
ceeded that figure. Houses who led tho
buying the previous day were again active
while selling against cash cash holdings ana
est prices were made at tho start while
the close on March was within NC OF the
top and on December only lc to 1Hc under
the top figures.
Premiums in cash wheat in the sample
market were unchanged with No. led
and hard winter mainly 1sc over Decem-
Der. No / hard sold at $2.64D2.5S& and
No. /. red at s2.S6@257. Springs were
unchanged for choice and Id3c lower for
the poorer grades. Minneapolis advanced
&c ST Louis was 2G4c. Kansas City 20
SC and Omaha 2@3c highar. Local re-
ceipts were 128 cars. -
heavy decrease in local stocks OF
corn. combined with persistent drought In
parts OF Illinois, Indiana, Kansas and Me-
hraska and small receipts led to some
reversal In local sentiment. Lowest prices
were made early and the highest toward
the last. the close being within fraction
of the top.
Outside Markets Active.
1t was much easier to trace the buying ,
than the sellng-throughout the day. Strong
every break. Around $l.4s for September.
81. rs for December offerings Increased con-
siderably but September led the advance.
l. Country offer offerings to arrive were ,,l,o not
for bids which was taken as Indicating
that considerable business would be under
way before long. The eastern demand was .
slow with sales of 10000 bushels. Offers
to the east out of Chicago were on
relatively high basis. Outside markets are
outbidding Chicago In the interior. No.
over. Sample values were unchanged to 1c,
higher with receipts 81 cars.
Selling Of over 100000 bushels by Lewis "
ard free selling by cash houses who were
hedging gave September oats a heavy
undertone throughout the day and put ~
1t TO a discount under December for the
Ac under the December against 5qsc
premium the previous day. The strength -
on led the pit demand element to
buy the deferred deliveries.
Barley Demand Slow.
At no time were rye prices below the
of pressure from the start and with houses
with seaboard connections on the buying :
side an advance of 3@4hc was easily at
tanned, the close being at the top.
Demand for barley was slow and prices
q &C lower. Country offerings small. Sales
were at $l.os@l.11. Receipts five cars.
Pit Notes. ga
United States visible supply CT Rrain
Wheat increased 1,l19.0O0 bushels, for the
week. against an increase of 7,75y.000
bushais last year. Corn decreased 9S2, 900
bushels, compared with an increase Of
429,000 bushels year ago. Oats increased
$4,000 bushels. while 1,21S. 600 bushels
were decreased last year. Rye decreased
26S, GOO bushels; last year increased 405, 900 .
bushels. Barley decreased 1874, ,0e1 bushels,
against decrease Of 355. 600 bushels 4
year ago
Canadian visible supply: Wheat in
creased $4,000 bushels for the week, com
pared with decrease of $4,000 bushels
last year. Oats decreased 2o.000 bushels.
year ago Barley increased $4,000 bush
els, compred with 2S3.00O bushels Decem- 80
ber last year.
Mirneapolis wheat stocks decreased
10000 bushels for three days against an
increase of 10000 bushels last year. Oats
decreased 35, 900 bushels
Dry weather has damaged the corn crop
in central Kansas and the northern part -
OF the state is threatened unless rains are !,
Forthcoming. =
Sweden and Hamburg are said to be ri
seeking wheat at the seaboard. while
claims are being made that the British
buying under cover.
New York wired that fully 100 boat
loads of wheat were worked for export
yesterday, This would aggregate around
SIG, 600 bushels.