Omaha daily bee., 1921-11-18
Chicago Grain
By CHARLES D. MIcHAELs.

Cbicaxs rribune-omaha lee leased Wire.
Chicago, Nov. i7.-Wheat prices
iluetuated rapidly within a range OF
2 l-Sd2 J-4c, and while the local
element was inclined TO be bulish
early. they received little assistance
from the outside or in the way OF
news Developments.
The finish was about the bottom
with net losses OF ! l-4@l l-lc.
Corn averaged higher despite the
weakness in wheat aud gained l.Sc
for the day. while oats were lao
3-sc lower and rye. l-2@3-4c high
er,
Trade in wheat was light IRON
the start and mainly OF local char
acter, although there was commits
sion house selling on the local bulg-
sand buying on the breaks.
The export demand was reported
as slow and there was little evil
dence OF business. After the close
sales OF around 100000 bushels
were reported as having been made,
mainly Manitobas TO Germany the
previous day. with 100000 bushels
Of hard winter at the gulf. Premi-
ums there advanced l@l lie for
the day with further sales No. 2
hard for November loading being
6 lie over December early and
&c over later.
Milling Demand Slow.
Milling demand was inactive with ship
ping sales here OF 10000 bushels and re-
ceiph IS ears. the bulk OF the arrivals
going to shipping houses on consignment
from Kansas city and will lie sent east.
Flour demand was spotted. Argentine
exports for the woek were estimated at
$4,000 bushels and VIII compare with
none last year. Harvesting has COM
menced In the more northern sections OF
that country and Buenos Aires opened
weak at hQlhc lower. with weather
favorable.
seaboard exporters continie after corn
and with very small country offerings
and some Investment buying. future prices
averaged higher and closed with Decem-
ber at 4Sc, or &c under the May. with
some buying Of December and selling OF
from down state indicated that New
Orleans continued to outbid Chicago, at
some points as high as i0c being offered
for new grain.
Movement Restricted.
Country roads are in bad condition, due
to recent rains and the movement is great
ly restricted, although the cash bids are
row at level that many farmers have
been holding for. Forecast was for rain
o. snow over the entire corn belt. Indus
tries were good buyers In the sample
market and with keen competition, the
basis was advanced Ia@1c to December
price for the No grades. Shipping sale
aggregated 244,000 bushels. including l5O.-
600 bushels, c. |. (. Buffalo. with charters
for $50. 600 bushels to Canadian ports at
Oats market was dull and while firner
early with corn, reacted later with wheat
and closed easy with a limited trade.
Heavy cash oats sell readily and show
tendency to gain on the December. Ship
ping sales we're $4,000 bushels. with re-
cepts so cars.
Unconfirmed reports that 1000, 900
bushels rye had been sold for export. com,
bned with the sale OF $4,000 bushels here
to the seaboard and buying OF futures by
the seaboard. gave the market stronger
undertone, despite the break in wheat.
Receipts, five cars.
Pit Notes.
Minneapolis wired Stein -Alstein: Com
mission houses are reporting extremely
small shipping notices. Some say they
will have virtually no wheat in next week
unless this condition changes"
II understand that numerous mills in
tend to take delivery of the wheat bought
in various pits of the country. not being
able to exchange futures against suffi-
cient quantities of cash wheat said
Weigand OF ]. Rosenbaum Grain com
pany ut is a question whether it can
be delivered to them. Contract stocks
of wheat at Chicago are decreasing daily
and only about $4,000 bushels remain
that are deliverable"
In regard to mill stocks of wheat in
Kansas. Salina message to local house
said: "Some of our mills have more cash
wheat provided than they need to make
the flour sold. Taking all the mills into
consideration, they probably have no sur
plus whatever"
An eastern shipping house was credit
ed with buying December corn against
sales OF May, narrowing the spread
little.
Winnipeg reported a good demand for
wheat from exporters. Offerings were ex-
tremely light
from here yesterday included $4,000
bushels to Buffalo by lake