The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1925-10-16
GRAIN MARKET
REVIEW And DATA
Wheat Higher In Cash Markets.:
Corn Selling at Higher Premiums
Over Futures; Active Demand Ad-
vancing Oats Prices: Other Grains
Firm.

Premiums for cash wheat advanced
In practically all markets during the
week ending October 10, according to
the Weekly Grain Market Review of
the United States Department of Ag-
riculture, notwithstanding the I'M
settled condition of the future mar
ket. Corn also sold at higher pre-
miums and the oats market was firm
er because of the continued active
demand. Prices of other grains made
moderate advances during the week.
The foreign wheat market situation
is still weak. Latest reports indicate
that the crop in the Northern hemi-
sphere outside of Russia and China
will be about 22O,000,000 bushels larg-
er than last year, the good wheat har-
vests in Canada, Europe and North
Africa much more than making up
the deficit caused by the reduction IN
the crops in the United States and
India. The Russian crop is still IN
certain but it is generally agreed that
it is considerably larger than last
year and will be near pre-war pro
duction. The offerings of Russian
wheat in European markets at lower
prices than competing countries has
had a weakening influence not Onl!
on the European but upon the mar
kets of Argentina and Canada
which have a surplus which must b,
exported in competition with thi
wheat. t-
The United States markets hav
been materially influenced by the Can
adian markets because of the posi-
bility of importation of wheat from
that country. The October 1 esti
mate by the Department places tn
spring wheat crop in the Unite
States at 282,000,000 bushels, of whic
about 81, 100000 bushels is durun
Trade reports indicate that some Can
adam wheat has been bought for i'm
p,.statlnP ~ the United States IL
only 20 Gee bushels of Gu.v -
wheat has been received to the frs
of October. About 100000 bushel
had been imported into bonded mill
for grinding flour for export. Tt
heavy movement of Canadian whes
has decreased and the movement
spring wheat to United States ma
kets has also become smaller becauS
of the wintry weather which has pr
vailed recently in parts of the Nortl
west and Canada.
Cash wheat at Minneapolis sold
higher premiums and receipts we
not sufficient for current milling d
mand. II per cent protein No.
Dark Northern was quoted on Frids
at 9-15c over the December pric
1919 per cent at 1916 over; and
per cent at 1920 over, an averai
gain of about &C for the week. Du
UNI wheat also advanced under acti
demand. Duluth-October durum Gle
ed Friday at SLIT rs and No. l Al
Der sold at &c under to 16c over II
price.
An active demand together wi
the small movement increased prem
ums for hard winter wheat Mi
were active buyers not only of [
better grades but of the smutty a
low grades. No. hard winter
per cent protein was quoted at K;
sas City at 13c over the Decent
price, 1919 per cent 15c over; and
per cent 151sc over. The high
premiums on the crop year W
again paid at Omaha for good m
ing wheat.
Soft winter wheat also sold at hi
er prices although premiums W
slightly weaker at Kansas City.
wheat was also higher in the Pac
Northwest where prices were adva
ed to S1.40 per buShel for soft WI
wheat on Wednesday. AT the close
the week, however, prices had
clined to S1.36-S1.37 with dem
again very limited. Eastern n
were reported to be interested
both the Northern spring and
white wheats and Texas mills v
also reported to be buying soft VIII
20 cars having already been sold
of the Portland territory.
The cash corn market contiT
firm and prices held steady, thus
creasing premiums over future pl
which remained rather weak bee
of the prospect of an earlier M
ment than usual of the new
There was a slight improvement
the corn crop during September
result Of rains in the drought res
and fieedom of frost. The cond
of ne crop on October 1 indicat
production Of 2,918, O00, 900 bushel
increase Of about 4Sc, 000, 900 bu
over last years crop. With a
crOp n prospect BUYERS gene