The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1925-09-25
GRAIN MARKET
REVIEW BY U. S.
DEPT. OF AGRICUL.
vorkqs Steady-Feed Grains
Wheat u Witb Early Movement of
,.w Corn In Prospect.
Market News Service

NtM
Market News Service
Danartment Of Agriculture
Z. p - Agricultural Economics
Bureau .-o-+on d. c., Sept. 10, 1926
~ ut market held firm but the
~ n for feed grains were lowered
prIc5s IL mon prospects of an early
ma 800 80 If new corn, states the
no. .. 5.i'- S+ates Department of Agricul-
me- i+s review of the grain mar
tlle . - for the week ending Sep
ss. s.fQ The rye market was dull
5-t fax prices worked signify nigh
rL.ro were nc new developments of
.-1-1 in the worlds wheat sit
5rrinq the current week, althO
aa 5,....;onaI reports from European
.-+r;es indicated that the crop in
-. Vortbern hemisphere outside Of
"a ~ would probably total 8 per
- isroar than last year. The move
gen. * the new crop in Canada in
l I'D materially and there were
80 among the trade that con-
- heavy movement of this grain
-. M force some of it over the tariff
In into the United States. Thus
y. .e'' however. no actual duty paid i'm
-, -s of this wheat have been report
and imports into bonded mills for
Zinc into flour for export have
--+srsd > little over 100000 bushels.
The movement Of spring wheat to
r-,i+ad States markets continued fair
= bsavv but considerable of this
-baat was still going into storage.
,r1iirg demand continued active and
-rsr,iums were advanced about &c
5,,ring the week. II per cent No. 1
D-rl. Northern sold at Minneapolis
j e-Qc over the September price, IL
j. ner cent at size over and 13 per
cent at 12-16c over.
The durum wheat market was
weaker than other spring wheat and
rricas declined about IA cents, Sep
tamber durum at Duluth closing Fri
5av at S1.25 ga. There was a fair
Milling demand for the best grades
INT other kinds were slow sale.
The trading in hard winter wheat
was limited because of the small re-
CENTS. A large percentage of the
offerings in the Central Western mar
lets were of smutty and otherwise
low quality and a peculiar situation
developed in the Southwest in which
mills bot low protein wheat at Min
reapOlis. The highest premiums on
the crop were paid for desirable mill
ing grades at Omaha and discounts
for the lower grades were smaller.
The demand for hard winter wheat
-four showed some improvement bur
mills were reported to be operating
only at about so per cent of capacity.
No. 2 hard winter wheat II per cent
protein was quoted at Kansas City at
i2c over the December price 1912 per
cent 1912 c over and 13 per cent pro-
tein 13c over the December basis.
Prices on soft winter wheat were
well maintained because of the small
receipts. Southern mills were active
buyers in the Central Western mar
kets but current receipts were insult
fcient for the demand they we're re-
ported to be turning to Western soft
white wheat as a substitute for the
soft red winter. Farmers have not
been selling the red wheat freely anC
in some sections are said to be hold
ing for 81 per bushel.
Tn the absence Of an export demand
wheat prices declined in the Pacific
Northwest Club wheat for export
was sold at Portland during the week
at S146. Exporters, however, were
rot interested except for grain fol
quick shipment and there was also {
slow domestic demand because of the
limited -four sales. Stocks in interior
warehouses were reported large witt
some filled to capacity.
Increased deliveries of corn on Sep,
tember contracts and the prospect Of
a heavy and early movement weak
ened the corn market and prices de-
clinei 3-5c per bushel. The dry
weather has matured the crop un
usually early and prospects are tina
new corn will begin to move to mar
ket in large volume within the mex
few weeks. Buyers have consequent
ly withdrawn from the market ex
cept for their immediate needs. In
duties have taken larger amounts a
the lower price level but feeder de
mand has fallen off. Prices are abou
Zoe lower than at this time last year
The oats market worked lower will
corn ut the relatively low price O.
TINS grain has created a good demand
from both feeders and shippers. Ele
yator operators have also been gOOt
buyers for storage because of the ad
outrageous prices. Feeders in th
drought area of the Southwest con
unued to take good amounts OF oat
and moderate amounts were also sol,
lot exports. Stocks, however, con
Unue large and are increasing NOR
rapidly than last year, totaling near
y as large as at the first of Novem
Der, 1924.
The rye market was very rull wit,
practically no export demand an
only a limited milling. December ry
az Minneapolis declined 4-1-8 c 70
me week and No. 1 and 2 cash ny
sofa at l-3 under these prices.
Inc barley market at Minneapoli
declined under heavy offerings bot
nom surrounding territory and fror
Ie-smpments from Duluth. Price
were practically unchanged, however
aJ Milwaukee and the best maltin
grades brought slightly larger pre-
NUNS than at the close of the prev
Ous week. Desirable mailing grade
were also in urgent demand at Oh
CCaso but the markets on the Pacif
coast were slightly weaker. Expor
s y were offering S1.70 per 100 pound
y Portland for suitable quality an
SSlolee brewing barley was quoted {
oanF Faneiseo at around $1.85 per 1C