Omaha daily bee., 1921-04-28
Chicago Grain
By CHARLES D. MICHAELS.
Chicago Tribune Omaha Bee Leased Wir,


Chicago, April 27.-Traders friend
" to the constructive side OF the
grain markets were disappointed by
their action, as eaply bulges empha-
sized at the last and made 4 weak
close with prices around the lowest
of the day. Net loses for the day
were 5-4 to 7-Sc on wheat, l-2 to
5-8c on corn and oats while rye was
practically unchanged to lac high
er, the latter OH May, The demand
was better than the supply early, but
the conditions were reversed later.
Politics abroad are leading factor
in the markets at present and trad
ers are to a considerable extent more
interested in the future than in the
present conditions.
Export buying of wheat was con-
fined to 100000 bushels taken by
Greece, a good part OF which is un-
derstood to be for shipment from the
gulf. Milling demand was good but
checked by the light offerings. Trad
ers worked on the bull side most OF
the morning with a fair amount OF
news in their favor, but as it failed
to bring in outside help, the local
operators tired of going it alone and
they started to SELL
They had plenty Of company on that
side toward the last. July at the top
was $1.o7I4, while the finish was around
s1o4%. Traders who were active on the
buying side early were sellers later as
the lack OF outside support became as
striking as on Monday when the markets
acted similar to today.
One of the reasons for the later selling
market until after May / and that the
export demand had fallen off.
Crop news, foreign and domestic was
favorable. the weekly government report
Reports from Glasgow. Mo. said old wheat
had sold there at 81. but failed to tell of
it's condition and added that farmers
were willing to sell new at 75c.
Corn Breaks at Finish.
Local traders who tried to advance corn
prices durins. the morning raised prices
&c to 60hc for May and 63hc for July,
but they sold at the last when wheat
broke and the finish was on a break OF
Nc to INC. Export buying was lighter
treal and Buffalo and charters for 1900
bushels to Buffalo at &c. Holland re-
ported corn arriving there out Of con-
dition. Cash prices here were hc to
from Nay to July were at &c difference.
Country offerings were fair. Illinois
and Indiana farmers are disposed to sell
Rains have delayed planting. but the sit
uation Is not serious, as more corn land
has been prepared so far than last year.
Oats were sold by the buyers OF the
past few days. who gave up trying TO &C.,
GOOD advance. support wa was poo poor "a and
ing. Cash lots were Nc higher. but
closed weak shipping sales were $4,000
bushels and arrivals "a cars
May rye was wanted by seaboard houses.
who found offerings light and prices ad-
vanced &c with a reaction of NC. Dis
tant futures were quiet and closed easy.
Nothing was heard of the export demand.
Pit Notes.
Winnipeg receipts were so cars against
500 last week and 2ss a year ago.
"The soil condition is now reported too
wet in considerable portions Of the states
Of Ohio. Indiana and Missouri and almost
entirely favorable in the states of Illinois,
Iowa, Minnesota, North Dakota. South
Dakota, Nebraska, Kansas and Okla
homa It would seem that there are no
critical condition in sight, although the
freezing weather that has occurred dur
the oats crop in the northern sections
and a small acreage is reported being
r. H. Babcock of Thomson Nc
hlHHoH says: supply anu ueHlduu
evitably determine values, but at times
extraneous matters delay the final out
come. Just now the grain trade is more
Interested in world politics and the crop
outlook than in the fact that there IS
4 foreign demand for all OF our supplies
of the old crop. also for the new crop.
It Is only matter of time when this
demand will be all important
The situation In India Is rather
significant as summarized in foreign
crop conditions said E. A. Boerner of
stein, Alsten & Co. Grain prices are
gradually rising in this country and north
and central sections are bringing in rice
from Burma. Here Is a country which
normally supplies a moderate share of
the worlds exportable surplus of wheat.
faced with the situation Of not only being
unable to make further exports but short
y may be in a position where it will
be found necessary to swing to the other
side and become an importing country
in order to supply its domestic needs"
Rules for trading In cotton seed oil
On the Chicago Board Of Trade were
posted on the bulletin board preparatory
10 taking a ballot