Omaha daily bee., 1922-04-09
Chicago Grain
By CHARLES ID. MicHAELS
Osishs lice Isa.sa Niss.


Chicago, April s,-Bsafish inilu-
enees ~ the wheat market have
seemingly been fully discounted by
the recent decline, Mhile the gey-
eminent report was construed as
bearish and early prices generally
were lower, short covering and buy
ing by houses with eastern eannee-
lions made a strong rally. The i'm,
ish was a, net gains OF S-sMi l.se
on wheat, j=sajs4c on corn. l=sMl
j'se on oats and S-sM7-se on rye.
Prices ilueiuated IN a most erfaii:
manner throughout the week. While
liquidation was on at times, the Of
iefings passed into strong hands,
The rally which followed carried
values up quickly. The weeks close
showed nc, gains Of s'sa5 S-se Tor
wheat, while coarse grains held
within narrow limits. corn gaining
7.s@i i-2e, oats 3-sal l-se and
rye S-4a2 Sac. Provisions showed
strong undertone with lard gain.
ing s9Mo0c and short ribs s0a70e,
wheat sentiment Buiiish,
4 mere bullsh sentiment gas nalirs-
sbls among wheat traders who had less
favorable crop reports from tho south
west Private reports suggested a de-
crease Of i.oso,0n0 bushels 10 supplies on
ocean passage IN the face ~ prospective
worlds shipments ~ around it,b10,n9p
bushels, fmileys comment on the Kan
sss wheat outlook Was Construed as very
buying. a. about 100000 acres failed
10 Hsrmlnat. until this spring ANA the
ouicom- il prot otiematical.
Export demand showed no signs af ins
erosslns mstsrisilg The milling cail stiii
IL slow, although southwestern markets
showed fair strength with elevator in
tsrests at Kansas city buying May aud
selling July around 9 cents difference;
tn. MaysJuly spread here widened
slightly. Sales Of 100000 bushels were
made 10 go 10 store.
broader trade was on. In coarse
prices advanced readily The close WAS
firm, especially on oats Their. were
numerous reports received during the
day suggesting r great reduction in the
oats screagc du. TO the great delay In
seeding. Domestic and export remand -
slow.
strenth In other grains and REPORTS Of
export demand had bullish effect ou
~" ana prices advanced readily. although
trade was not large.
Pit Notes.
T. f. Thompson wired from oklahom.
City:
From Oklahoma City south TO state
line wheat spotted and generally two or
three weeks late. The early sown wheat
VIII make an average crop. but the lata
sown Is certain to be disappointing. in my
opinion. from present indications. North
ern Texas ms far south MS Dallas and Fort
Worth. the condition is excellent, with
good normal stand. While at Fort Worth
talked with several people who had been
south TO San Antonio and they tell me
the heavy rains and floods have made II
necessary tor replanting 20 per cent Of
corn and cotton acreage. Heavy rains
over Oklahoma last night and today
Lecount wires ein-Alstein from Hays,
Kan, as follows:
Through this territory wheat pros
poets very poor Here and there is
good field, but generally stand is very thin
and some fields are total loss. All
fields are choked with weeds. with IA
vorable weather. think this territory
will make about one.third OF a crop.
Favorable. clear and warm today"
According to l.. l.. Winters, foreign
grain markets are depressed by the vast
amounts Of consigned grain.
arris-Wnthrop predict higher prices
for deferred wheat deliveries.