The producers news., 1925-11-06
GRAIN MARKET REVUE.
Grain Market Develops Weaker Tone
Dull Mill Demand Weakens Cash
Wheat Market-Demand for Other
Grains Less Active.

Prospects OF larger marketings of /
wheat combined with a less active de-
mand from mills developed a weaker
tone in the wheat market during the
week ending October "a, according to
the United States Department of Ag-
riculture. The demand for other
grain was also less active and nrices |
tended slightly downward.
There was but little change in the
foreign wheat market situation. Lat
est reports indicate that the wheat !
area to be harvested in Australia will |
be about the same as last wear and |
that the acreage in Argentina will be
about 1,235,OOO acres larger. The de- |
mand for wheat from European coun- |
tries continues dull because of the
large amounts of locally grown
wheat, which are still available. Mar |
ketings of Canadian wheat continue
fairly heavy although thew have re-
Gently been reduced by stormy
weather in the Western provinces.
With fall work nearing completion,
large marketings of wheat are ex-
pected both from the spring wheat
and hard winter wheat sections in the
United States. This, together with
the continued importation Of consid-
cradle quantities of Canadian wheat
and temporary lull in the domestic
milling demand, was principally re-
sponsible for the weakened tone of
the market during the week. Pre-
miums for cash wheat of all kinds
were lowered materially in most mar
kets. 12 per cent protein No. / Dark
Northern sold at the close of the week
at Minneapolis at 9-14c over the De
| cember price; 127a per cent protein
13-18c over and 13 per cent protein
16-21c over. No. 2 hard winter II
per cent protein sold at Kansas City
at 121ac over the December price;
121a per cent protein 131ac over and
13 per cent protein 141ac over. Pre-
miums for soft winter wheat were
lowered 5-8c, No. red winter being
quoted at Kansas City at $1.62, at st.
Louis at S1.67 and at Cincinnati at
$1.65-$1.66. Extremely small flour
sales reported by the winter wheat
mills as well as an increased move
ment in Texas and Oklahoma re-
stricted the demand for hard winter
wheat in the Central Western and
! Southwestern markets.
The wheat market in the Pacific
! Northwest was quiet although firm.
No new export business of any vol
ume was reported as white wheats
were 12-15c above an export basis.
Receipts at Portland to date have
been only about sixty per cent Of
those for the same time last year,
notwithstanding the increase in the
crop. Moderate quantities were be-
ing sold to Eastern and interior mills
which were paying better prices than
prevailed at the markets. Farmers
were still unwilling to sell freely at
current prices.
A less active demand was principal
ly responsible for the weak tone of
the corn market. Rains in the corn
belt continued to delay husking and
marketing and receipts of new corn
at the markets were not large. Cen
eral movement is not expected to get
under way for some little time be-
cause of weather condition. Indus
tries and shippers were the most ac
tive buyers at Chicago and milling
demand was more than sufficient t.
absorb the offerings of white corn a
Kansas City. Wintry weather in tn
Northwest increased the feeding de
mand at Minneapolis and high grad
corn was in fairly good demand a
Cincinnati and st. Louis. At Cincin
natl, however, a large percentage o
the receipts have contained eXcesslv
moisture, and these moved slowly.
Oat prices were but little change
but the large stocks in the market
5 continued to be a weakening influence
e Receipts continued fairly large an
: were we'll taken. Large amounts ar
Z being consumed en- farms and the dc
I mand at the markets also continue
" active. An unusually active deman
was reported from Denver and &C
vices from seaboard indicated thu
=, about a million bushels had been sol
Il for export. In general, however, tn
} oats market was rather dull.
= The rye market continued to folio
7, the wheat market with the situate
practically unchanged. Cash offe
ings were light but there was on
le a limied demand from local mills az
y elevators. Export demand continue
- - negligible.
y The flax market made further slig
- declines largely on account OIL low
~ quotations on Argentine flax whit
is being imported by some of t
Eastern crushers. Exports indica
IN that about 100000 bushels of A
d gentine flax are still available for e
n port. The peak of the movement
Il the United States is passed and r
e cent unfavorable weather has delay
~ marketing. Crushers are taking ;
l1 IA spot offerings at prices ranging fro
9u 1c over to &c under the December fl
o5 ure price, which closed Oct. %
40 S2.56b. Elevator stocks of flax
In Duluth and Minneapolis have increa
Ae ed materially and at the close of t
lg week were reported at 3,213,786 bus
els.
al