Omaha daily bee., 1921-09-09
Chicago Grain
BY CHARLES D. MIcHAELS.
Chlcnso Tribune Omaha Zee Leased Wire


running stronger in favor OF higher
prices for grains with cotton traders
who have been most successful in the
past two months active in buying
wheat, the advance in which is at
iecting other grains. There is also
more interest in oats. Local and
outside traders were buyers and
prices advanced sharply with re-
action at the last, with the close 34c
higher to Ac lower on wheat, with
September the strongest. Corn
gained B@Sc and oats l@lHc.
while rye was Nc lower to &c
higher.
The cotton and stock markets did
not show the strength # the last
few days, while grains made much
better showing, the evening up for
the government report, which came
after the close, being a factor.
The government report was taken
as slightly bearish on wheat and
corn and bullish on oats. 1t lowered
prices for privileges A@Hc on
wheat and corn and the latter car
ried oats off with them. The spring
wheat crop of 2l0,0000O6 bushels is
! 100000 bushels more than looked
for and suggests 754,000,00j bushels
OF all wheat, loss of 10000 bush
els for the month and of 100000
bushels from last year.
| Close Adjustment Of Supplies.
There is a close adjustment OF supplies
to requirements when allowance is made
I for the large quantity that has been ex-
ported In the past two months.
| A corn crop Of 3.1SS, 900, 900 bushels,
the second largest on record. was shown,
being 1855 1000 bushels more than q
month ago and 100000 bushels under
The oats crop of 1000. .ooo. 900 bushels is
! the smallest since 1911. showing 47.000,-
900 bushels less than last month and
4as.Ooo.ooo bushels less than last years
harvest.
The feature in the wheat trading was
the heavy buying based on the strength
| in Minneapolis September. which ad-
| vanced cents from the low point Of the
morning. to lac over Chicago. It was
apolis. where everything was cleaned up
with prices In some instances &c higher.
andl to the cleaning up OF the offerings at
Kansas City and Wichita by millers.
Increased activity was on in corn. with
better commission house buying, nearly all
the big interests being on that side. while
up nearly 1c and closed at almost the top.
Country offerings on the advance were
| fair, while spectators were sellers Of fu-
on sss suse
| including 1000 bushels at Chicago, with
| charters for 100000 bushels Strength in
| wheat helped a little. Receipts were 32s
cars.
Oat Prices Strong.
! The best trade that oats specialists
have seen In weeks was on in that mar
ket, with number of the big commits
sion sion houses on the buying side. while the
l Nc at the extreme was shown and the
close was at practically the top. May
, showed the most strength. touching l5Hc.
stocks are losing their bearish effect as
good oats are scarce and wanted at in
creased premiums. Shipping sales. how
eyer, were only s. cars. Receipts were
Trading in rye was largely in trading
from near to distant months and in
spreading between wheat and rye, as the
latter Is regarded as too low. Nothing
was heard regarding exports.
The Greek government will receive
tenders until Ios september ep6 s 20 TO- Tor the pus-
toba wheat, All wheat is to be shipped
on this contract before October "A.
New York wired that United Kingdom
cables were sellers Of American wheat
business.
Trading In cotton seed oil futures may
be started at any time now, and 1t IL
understood some Of the larger packers are
anxious for the business to get under way.
The trade will probably be carried on in
the provisions pit at present. at least. or
until the trade broadens to a great extent.
Standard cotton seed oil regular for de-
livery shall be prime summer yellow. A
single contract shall be $4,000 pounds
contained in 1so barrels The commission
charge for the purchase and sale shall be
$40 for each $50 barrels.
For some time 1t has been difficult to
sell September corn in any volume. but
today there was a reversal of conditions.
September and there was large quantity
bought quietly around the pit.
A New York export house wired:
but mostly in Manitobas. which are about
the same price as our wheat and worth
about cents bushel more. For de-
ferred positions, Manitobas are little
Minneapolis cash wheat started strong
and higher premiums were indicated.
Considerable Of Duluth receipts are dup
been inspected at Minneapolis. Mills were
good buyers Of December wheat at Min
neapolis and in some instances sold Chi
caso May against It. Scarcity Of spring
Minneapolis market. according to this
message, which said also that 1t was not
expected cash wheat there would be on
season.
Export buying Of wheat at the present
time Is OF small proportions except for
Manitooas, nn.ai. which are fairly active. Ex-
OF our wheat were booked for September
shipment and heavy for October shipment
and some sold as far ahead as Decem-
ber-January position-indcsting but lit
tie letup in exports for long time to
come.