Omaha daily bee., 1921-12-03
Chicago Grain
Nv CHARLES d. NIcHAELS.

\ &HN2kOs lNNs titASft W.
genera, rains over tho southwest,
where dfoutli has prevailed for some
time, led 10 scattered liquidation in
wheat and lower range early. but
the close was on strong rally with
old crop deliveries unchanged 70 Ic
higher and July &c lower Corn
was very firm from the start and
finished within Isc OF the top. gain
ing &c, while oats were Is0Mc
higher and rye unchanged TO &c
lower.
IL was easier TO trace the selling
than the buying throughout the day.
Houses wah eastern connections
sold May freely and there was some
selling Of July here against pur.
chases OF May at Winnipeg. No
rain OF consequence was shown IN
centrz, and western Kansas and
Oklahoma overnight and while a
small bulge was made early, there
was a lack OF leadership and the de-
cline which followed was not sur
prisirg. Toward the last, however,
strength in Winnipeg cash wheat
with premiums c. !. {. Buffalo lHQ
2Hc higher and reports OF a good
export demand led to general buy.
ing with a rally of 2@2Hc from the
bottom.
Cash Houses Buyers.
Cash houses were persistent buyers OF
Decsmbsr and sellers OF May early evt
the difference widened out 10 nc az Sns
last Deliveries of $4,000 bushels wcfs
made on December contracts. bwt the
Eraln has as yet failed to find perms-
nent lodging place and sales OF 10000
bushels were made TO 80 10 store. Ine
trade gave some attention TO foreign crops
reports. commercial estimates indicating
reduction Of 30 per cent In the winter
wheat acreage in France. while Spain
needs dry weather. An advance OF "a
@hc IN Rosario Thursday was not eA-
pisined, while Busnos Aires MAS tr lover
At the opening. Liverpool finished ~
10 Id lower. Australian exports the past
week include 100000 bushels to India,
making I.ss2,ooo bushels the past two
weeks.
Export sales at the seaboard were re-
ported at $4,000 bushels, including tv.ovv
bushels hard winter via the suit. Local
milling sales aggregated 5000 bushels
with receipts rs cars.
Corn Sentiment Bulilsh.
Corn showed strong undertone from
start and while fractionslly lower at
one time, In sympathy with wheat. com
mission houses had liberal buying orders
at blc for May and sentiment generally
very small. with outside points stii ost-
bidding Chicago. Export demand was
liberal, with sales Of 100000 bushels mere
to the east. The seaboard. however,.
failed to report the quantity sold aoroao.
A belief that the war finance corporation
will do everything possible to bring about
sustained advance Is having considef-
able effect here and in the ccunry and y
largely responsible for the holding tend-
ency on the part of the producer, %, DO
mestic shippngs sales were lte.0o0
bushels, with receipts 294 cars.
A. strong feature. in oats was the FREQ
buying OF December and selling OF MAY o5
cash and commission houses. with con-
siderable changing early AZ slsc ditier-
ence and some inquiry for grain IN store
was reported. Deliveries on Decembsr |
contracts here were 1,0ss.o 900 bushels and
at Minneapolis 7s3,000 buShsis. sample
values were &c to Nc lower early ana |
shipping sales 100000 bushels. Receipts.
- cars
Rye was under pressure by houses with
northwestern connections. which more |
than offset buying by cash interests. inc
closing rally was In sympathy with wneat.
No export business confirmed. Receipts,
five cars. aS eE
"Cash trade in products was little bet
ter and offerings were scattered but there
was no big demand for cash lard SO far
a. noticeable said w l.. Gragson |
There is no volume Of selling by interests
which are taking the hogs and we think
any moderate liquidation Of January lard
would find substantial orders.
In spite OF the active buying OF wheat
the l1st hour, soms pit observers were OF
the opinion the local trade were stili
short at the close. having sold freely on
OF rains In the drought sec +
tion OF the west and scuthwest.
sections Of the southwest is serious be- |
cause OF prolonged drought" said the
Modern Miller. AN abnofmally large
percentage of the wheat seeded failed TO
terminate and much that did gcrminate
10 weak
The heavy buying of oats the past few
this interest is also credited with being
long a huge line Of May oats. Oats
traders have commented a good deal the
past day or 80 on the way the December
liquidation in oats was taken caro- Of.
Sales to 30. to store Of $4,000 bushels
were 10000 bushels wheat. 100000 bushel.
corn. l,o6s.0oo bushels oats and $1,000
bushels rye.
Liverpool cabled that the demand for
corn In the United Kingdom had provided
! strong undertone.
New York: Foreign news more bullish.
Argentina rather more bullish on corn.
Looks like some export business today"
Minneapolis Wired: Some wheat is be-
ng sold from Winnipeg to come to Minne-
apolis. We hear Of one lot also to come
10 Duluth at the opening Of navigation
shipment and believe some being sold
hefe all rail - i