Omaha daily bee., 1921-03-27
Chicago Grain
BY CHARLES D. MICHAELS.
(hic.~o Tr,bune- Omaha Bee Leased Wire


Chicago, March 26-H g h st
prices were made for all grains in
the early trading, with collapse at
the last.
Local operators provided for their
Commitments on the short side
early and the selling movement that
came later carried prices down, max
ing a tame finish, with net losses
on May wheat of SAC, while March
was tight and showed net advance
of SAC. Losses on corn were l-8c
to 3-8c; oats were l-Sc higher to 3-Sc
lower, the latter on September; rye
was off 3-8 to lc, and barley lac.
In provisions there were losses OF
2 1-2c on lard, Sc on ribs and q IL
on pork. ..
Action of the grain markets
throughout the week reflected the
light speculative support and de-
cline to the lowest of the season.
Net losses, however, were light, con-
sidering the hearishness that pre-
vailed, May wheat being off l 1-Sc,
while March gained l II, Corn
showed losses of 2 l-2@3c, oats Il
ale higher, rye IL to~2 IL, barley
1-3c, pork II IL, lard 81 l-2@42
l-2c and ribs 25@30c lower.
Flour Exports Heavy.
Buying OF wheat against export sales |
was the basis for an advance OF ~ " ) Ac, |
after an early dip. There was also said |
to be lot of flour sold for export Trad |
.rs generally, covered and for time sent
ment favored the buying side, but after |
the top was reached buying subsidized, and |
with increased offerings, prices receded
and closed with the early bulge lost, the
last sales being at almost the inside.
Aside from the export news there was
rothing In the general situation that was
tulish. The green bug scare is said to
have worn itself out in the southwest
crop expert from Texas says there is little
damage there after 60 days of activity
on the part of he bugs. There were rains
IN parts of the ives: and at the same time
Kan, messages reported 60
mic an hour dust storm.
Deliveries Were 10000 bushels.
March wheat was hard to buy. Five
biz local shorts who sold it around 80
. kc over May lew days ago covered al
Il q q13c over.
Corn Reflects Wheat.
Action of the corn market was a re-
Election of wheat, on a reduced scale
Country offerings were light and lower
Grades sold at reduced discounts. The in
market, but the domestic demand was
better March deliveries were 5000
bushels
Oats were bought largely by shorts, the
locals coming in with one big line covered,
while the selling was scattered. Prices
were up sc at me extreme, which was all
lost later, although the close was at
fractional advance on May.
Rye was bought by spreaders and sea
board exporters. who took May, while the
locals sold July. Cash lots were 27c over
Chicago May track Baltimore. and 16c
over c. f, Buffalo, shipment at the open
ng of navigation.
A small trade was on in provisions. with !
a narrow and lower range of prices and
nothing striking in the news. Hog prices
Nara easier and the cash trade was light,
with the exception of demand for COM
pound lard for export. The close was at
the bottom. ,a
The wheat trade is looking forward to
the opening of transacto in July wheat
on Monday. General expectations are that !
t will be around $1.20,- or about zoe under
the May delivery This would be &c a
pound, or about the same price as rye,
which Is selling on the same basis
While sentiment early was favorable for
a good rally. at the close it was bearish
,n all grains and the belief that sales had
been made on all bulges was prevalent in
nearly all quarters. There has been a
good evening up and liberal putting out
If new lines. 1t was said that the break
In wheat started on selling by seaboard
exporters who had prepared for the Greek
order of 1860 900 bushels, which was
aiken by Dreyfus at price said to bs
&c under the market. This induced SELL
ng by local traders and was a factor in
he late decline.
81 cannot see the logic in selling May
wheat at 1Sc under March a break in
he premium of &c in red wheat over
March," said a local trader. ut would
'e all right to sell March, but why sell
he May at such a discount"
Winnipeg men who were here yesterday
alked bearish on grains. They said they
aw no indication Of farmers selling the
q 600. 900 bushels of wheat they own at
Fort William and Port Arthur. AS to the | -
movement Of Canadian oats an oat spe-
ialist from there said there was very
title demand and that despite the fact
hat the high freight rates give farmers
nothing for their oats, there is
10 demand, and made the point that oats
n Ontario are selling at lower prices than
n the western Canadian provinces.
Oklahoma grain men who were in KAN
as City said we might well forget the
reen bug. as far as further damage to
rowing wheat is concerned, The plant
$ strong. vigorous and nearly a foot high,
md recent rains have placed the condi-
ear. good part of the southwest had
Kansas people are talking Tx, 5000, 900
ushels of wheat for Kansas.
A board of trade membership sold at
Y 800 net, to the buyer on last Wednes-
lay, and subsequent sales are said to have
af |