Omaha daily bee., 1921-07-09
Chicago Grain
By CHARLES D. MICHAELS.
Chicago Tribune-Omah Bee Leased Wire.

Chicago, July S.-Government re
port issued after the close, forecas
the production of winter wheat a
| 574, 900, 900 bushels compared will
SIS, 600, 900 bushels, the December
1920, estimate. Spring wheat was es
timated at 23s,000,000 bushels agains
200, 100000 bushels in December
1920. Corn was given at S.l23, ,000. .00(
bushels; December l, 1920, at 1882,
000, 900 bushels. Oats. 1885, ,000. COX
bushels against l 1,526, 900, 900 bushel:
in December, 1920. Rye was placed
1t 100000 bushels and barley a
i84, ,0O0, 900 bushels.
Wheat closed strong and | 70 ] 3-4s
higher. Shortly after midday black
rust reports from Canada were re.
ceived and these caused some buying
despite later denial of these re-
ports. The selling earlier had been
overdone and there was paucity OF
offerings during the later trading
Corn finished lie higher to SAC
lower and oats were unchanged to
lac higher. Rye was ia to 1-2c
higher and barley lc lower to 1c
higher. Provisions showed little
change. Local cash sales were 2s,-
600 bushels wheat, 100000 bushels
corn including 10000 bushels to ex-
porters, $4,000 bushels oats and l,50O
bushels barley.
Watch Elevator Strike.
Export hroksrs say 1t is difficult to
get offers from local shippers, as they do
not care TO make any more commitments
until the elevator situation improves
There was not much interest in wheat
The tone of the market was easy. There
recent buyers to take profits. The gov
ernment report was to be posted after the
close.
On the dips there WAS some buying for
northwest account and some Of the local
interests that were more courageous than
the rank and file added to their own
The hot weather reported in
the northwest was regarded as builish.
The forecast II for fair weather without
change IN the temperature over the north
west. Local receipts were heavier. the
estimate being 100 cars.
In corn the feature was the apparent
firmness Of the July delivery, This was
due to the buying by cash interests, who
sold for export overnight. There were
sales Of 75o. 900 bushels corn to exporters
to go out Of here to Montreal late yes
terday and this morning. Montreal ex-
corn, but the lack Of lake tonnage tended
to restrict some of the business.
Receipts Fall Off.
Receipts are falling off, the estimate
being only for 1a0 cars. Late months
were quiet and easier. 1t was almost
an entirely local trade The decline in
wheat and the fact that the government
selling. Rains were shown in parts Of
the dry belt, but forecast Is for fair
md continued warm weather. Deliveries
II $4,000 bushels on July contracts were
reported.
Oats exhibited steady undertone.
Local bulls were more confident and they
bought fairly good lines. Their pur-
shases made little impression on prices,
- commission houses had selling orders
II good volume which prevented the mar
,eing paid to the deterioration in the crop
md threshing returns, which show a dis
lppointing yield. as well rs lightweight
,ats, which are attracting investors
Weather conditions were improved, rains
having fallen in sections of the belt
where moisture was needed. Deliveries
N July contracts amounted to $4,000
bushels. Country offerings to arrive Were
lot heavy. the estimate being placed at
le cars. London and Antwerp spot mar
tets held unchanged. Shipping demand
vas fair.
Rye was dull. No sales were reported.
but No 2 was quoted lie over July price.
Receipts, two cars Barley ruled strong.
Mating sold at 5s@sec. Shipping sales
we're l.5eo bushels. Receipts. nine cars.
Pit Notes.
Minneapolis low grade wheat was re-
ported 5@10c higher. Top grades were
/ bout SC up. with good demand.
New York wired that exporters were
.alking bearish. but all Of them buying
wheat.
Kansas city cash wheat was unchanged
TO Sc higher.
The Corn Products company was in the
he first time in many weeks. and this
helped firm prices relative to the July,
discounts for the contract grades beins
nc or about /. better basis than the
previous day.
Deliveries of wheat at country points
n the Canadian northwest are fair, out
little wheat is said to be coming from
,iret hands Producers are still the prin-
.ipai owners OF the available cash wheat
Armour and Nye-Jenks were fair buyers
Il July wheat. Selling was scattered
Local receivers reported free offers 4n
wheat from the country count, but t,s senssas nrssens
n.ri.et basis and consequently actual
,urchases were not specially large. Soutn-
vest offerings fair, according to KANSAS
Lack of outside buying power TO SUE
ain advances following local Dull eiiol.s
S discouraging feature for the ouiis Al
,orn an well as in otnef gfaihs'