Omaha daily bee., 1921-08-10
Chicago Grain
BY CHARLES D. MICHAELS.

Chicago, Aug. 9.-The monthly re-
port of the Department of Agricul-
ture makes the spring wheat yield
based on condition August !, at 2l3,-
100000 bushels, compared with 1885,
100000 bushels in July and 209,000,-
600 bushels a year ago. This would
indicate total wheat crop of 49,
100000 bushels, compared with S09,-
100000 bushels a month ago and
787, 100000 bushels last year. The
corn crop is estimated at 3,032,000
bushels, compared with $4,000
bushels last year and oats l,l37,000
bushels, compared with l,526,000
bushels.
Wheat finished l-2@l 3-4c high
er. There was a little realizing to-
ward the last, but the offerings were
we'll absorbed. Trade was without
much feature toward the last and
most of the professionals were in
clined to anticipate a bullish crop
report and governed themselves ac-
cordingly in making commitments.
Corn and oats finished with gains of
1-4@3-Sc. Rye was l-4@2c high
er and barley 1-2@2 lie higher
Pork closed unchanged, lard 2 lie
higher and ribs unchanged to 2 1-2c
higher.
Heavy Export Movement.
Total cash sales were 20600O lH7hels
Of wheat. including 100000 bushels ex-
porters; $4,000 bushels Of corn. incl Mng
A q ~l--11 30 ND
bushels of oats. Export sales were re-
ported as high as 100000 bushels of
wheat and $780, 900 bushels of corn. Cash
wheat premiums were y gle higher. corn
were unchanged after starting Nc easier.
There was not much trade IN wheat
after the opening, as most OF the trade
were inclined to await the government
figures.
There was no pressure on the market
other than little raising and ilttie
selling around top figures, credited to
hedgers Domestic milling demand for
wheat is fairly active and mills hope 10
increase their business in the immediate
future. as soon as flour buyers become
convinced that the low price on the crop
has been reached
Corn Market Slow.
There was not much interest exhibited
in corn A fairly good commission mouse
demand for December was experienced
early, but after these orders were fihed
consisted of trading among the pit ele-
ment, with some pressure from hedgers
experienced on the upturn.. Country corn
was offered freely on the bulge. but buy
ers were not SO anxious to take hold.
Storage space is becoming scarce again
and the demand for cash corn Is not SO
keen as it has been This as nainy
to a heavier movement of corn. Local
receipts today were estimated at l9o cars.
Oats trade was fairly active during tn'
fnA uryp n -9pS-
sion. Early buying by strong commission
houses and elevator interests absorbed the
offerings well and advanced prices
sharply. On the upturn aaeure tne ae.oafu forth.
coming, prices came up quite well. Casn
oats started 1sc higher, with NO. WnHe
selling at 3&c under September: NO. .
Yesterday. There were 100000 bushels OF
oats shipped out yesterday by lake AK ior
export. Estimated receipts were 400 cars,
Cash rye ruled 2He hsherI siheI a Toy ITO
No. at sl.osa @1.osh; No. at sl'oS@
Receipts 81 cars
Pit Notes.
Late reports from Kansas City said that
No. 2 red was selling 1oc over the sep.
yem01i Was taxing ding all all the country Sfferings of
wheat on a basis of 2@3c hlgher thah
the previous day.
on the default Of 10000 bushels July rye.
the price at which settlement was mace
being S12S, or 4hc under the closing
price for July, the last day of the month.
Central European countries, especially
Germany were good buyers of wheat yes
terday and it appears that credits are be-
ing established far enough ahead to per-
NIT the Germans to buy their supplies
without serious difficulty. Omaha sold
800, 900 bushels wheat late last night and
10000 bushels this morning for export
and there was good demand.
Gulf wheat last night figured S1.49 to the |
United Kingdom. against $1.Sox for Ar |