The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1925-12-18
WORLD GRAIN
MARKET REVIEW
Grain Market Unsettled-WheatSag1,
ging After .Advance-COrn ana
Oats Firm but Other Grains Easier

Following a gradual advance since
early in October wheat turned easier
during the week ending December II
and closed lower than a week ago anu
sharply lower than the highest prices
of the week. Corn and oats prices also
declined from the weeks high polnG
bu moderate receipts of corn neld
prices of these grains slightly higher
than a week ago. Rye declined but
barley was irmer in California mar
kets.
Domestic prices were firmer than
world prices with May futures at CHI
cago 4 1-2 lower for the week
against a &c decline at Liverpool. Ar
gentine exports were conflicting with
leading Argentine authority pre-
dieting that Che exportable surplus
from that country would be around
forty million bushels larger than
most other recent estimates. Export
demand for Canadian wheat was brisk
at the decline with continental Europe
buying strong wheat, although the
higher price levels were expected to
affect European consumption. Con-
siderable United States wheat was
sold for export from the Pacific
Northwest.
Domestic wheat receipts were lib
eral and commercial stocks showed
some increase. Northwestern mills
were buying high protein wheat IN
the Southwest and farmers were sell
ing freely at the higher prices early
in the week. No l dark northern II
per cent protein sold at Minneapolis
at Tile over May futures; IL IL per
cent Side over, 13 per cent 13-l1c
over, with about one cent premium
for each IA per cent protein over IL
per cent. Durum wheat held steady
with brisk milling demand for good
qualities while fair amounts of durum
were sold for export. No. 1 Amber
durum sold at Minneapolis at 2-2Oc
over the Duluth December, which de-
clined &C for the week.
Wheat was wanted at Chicago and
most of the receipts were applied on
contracts. Desirable grades were
snapped up at Omaha but some low
grade smutty wheat was hard to sell
County movement at Kansas City was
more liberal than for several months
but with outside mills in the market
offerings were readily absorbed. Lc
Cal -four trade was dull with jnEter:
apparently reducing stocks for inven
tory. No. 2 hard winter IL per cen
protein sold at Kansas City at lie Ov
er May futures, II 1-2 per cent IL
over and 10 per cent 13c over.
Soft winter wheat was relativel!
! firm with limited offerings readily alb
= sorbed at Kansas City and St. Louis
Southern demand was slack at Cincin
+ natl but offerings continued limited a
: Toledo. Country marketings wer
, heavy in the Pacific Northwest al
! though dealers estimate that there i
t slightly above forty per cent of tn
! crop left in the country. Prices de
e clined but many farmers were sti
] selling.
d Receipts of corn were moderat
. and found ready market.
y Rye prices declined less rapid
e than wheat prices with around fv
g hundred thousand bushels sold 70
: export, chiefly to Norway and Fir
+ land. Cash offerings continued hgf
{ with a good inquiry from mills an
: industries.
K Barley was easier at interior maj
: kets.
t Flax prices declined Thursday an
) Friday with other grains. Currer
: receipts were not equal to crushin
, demand and crushers were DRAWN
e upon stocks. Argentine development
: continued the chief factor in the dc
! nestle price situation and Argentin
f reports were conflicting, although
T seemed probable that some damag
i, might have been done to this crop t.
e gether with the wheat Cutting G
) fax in the Northern districts in Al
r fentina began early in November bu
i. the main harvest was not expected t
:, begin until about the first of Decem
+ Der.