The producers news., 1926-10-22

.,irn markets held the do
Higher 1T market firm during the
nestle VIZ october 16 and prices made
week eH-5vances at most markets. &C
further - - the weekly Grain Market Re-
c9rdlA5g the United states epaI pSIr tiilenC ZEN,
7f Asilo slightly as crop conditions
Wsakenel - favorable and the move
become, .Fa new crop in the southwest
msnt OF '''1 prices Of other grains held
ry steady.
ia-H! .,..rnool wheat market advanc-
The - a. during the week but this
u So ~s1v the result OF increased
vas lalls,rbt rates. In general, how
ocean g-orId market situation con-
ever firm. A revision OF the esu-
rnle@ The French wheat crop reduced
ra'se se.rtenber estimate about lO'UOO,OOO
-ne Estimates from other coun-
blsh1.9.s .1.srs also slightly reduced; max
tres total Northern hemisphere crop
ils 1LcticaUy the same as last year.
l9" - Conditions in Canada were i'm
hea-E50 lint harvesting operations and
pT9t1t, were interrupted occasion
Ltl ~. rain and snow. Canadian move
a-5 ~ date has been restricted by the
favorable weather.
~.o United States crop according to
Co+obar / estimate will total around
70, w Sg6 400 bushels. Of which about 213,-
es50d bushels are spring wheat. This
wheat estimate includes approx
S.+.iv O60 coo bushels of durum
49, nroduced in the four northwest
states Of FinnesOta, the Dakotas
~ Montana The spring wheat crOL
eb,ur IS. .000, 900 bushels smaller thar
-,- year but the winter wheat crop is
.Isrf 100000. 600 bushels than last year
tighter receipts and improved demand
.5-sreed cash wheat prices &c to AZ
1-smIuus for high protein hard winter
rtsat however, were lowered about
rer bushel and the principal demand
-ss f0r the lower protein types. No.
ts-F winter u percent protein was alSC
--orsd al Kansas City at 41kc to 81
~sr the December quotations, which
s.sei October Is at S1.33H. 12B per.
-.rf ur0tein was quoted at 515 over anC
-s rarcent protein at &c over the De
.,lb4r. Export bids for No / hare
-rrar fob the Gulf were quoted a
sbout g1sc over the Chicago Decembel
--a This would be about $1.48 t,
rg per bushel. Soft winter whea
--seas were up &c to SC but the ad
t9nced was generally in sympathy will
-Fa advance in hard winter wheat price!
srf there were no new features in tn,
market Mills were only moderat,
buyers.
Moisture continued to be a more i'm
rr.ant factor than protein in the sprin.
rheat markets and heavy weight, dr.,
wheat even with low protein content
s-'d iu many instances at higher price
Ian high protein wheat Of light tes
a--ht and heavy moisture content. i
rar5ent protein No. 1 Dark Northeel
s5d at Minneapolis at &c to sc owe
ts December quotations; 1917 percen
protein Sc to &c over; and 13 percen
ls 10 &c over. December wheat ad
.srced lsc for the week and close,
October Is at s1.43B. Durum whea
f good milling quality was firm wit
offerings small. Premiums were fur
her advanced and No. 1 Amber wa
quoted at the wide range of S1.34 t
N54 per bushel.
Export demand in the Pacific North
vest continued heavy notwithstandin
that ocean freighters were further a6
Va1Ced. Both soft and western whit
Vhsats were selling at the close of tn
week at Portland at S1.39 per bushe
Europe and Japan were the principS
buyers. Shipments from the Pacif
1.rthWest established a new record !
SEPTEMBER and indications are that Oc
Shipments will also be large. CountI
movement has increased with the az
vance in prices.
4lt MtdlllEE MdS more ldNOEdDle
he corn crop during the week and thi
ngsther the increased receipts held Il
market relatively weak. Losses fro
ir0st damage during September we
not as severe as feared and the GRO
according to the October estimate, W
total about $3.50 100000 bushels On
about percent of the crop in Nebrasl
and IA percent in Iowa had failed
mach the hard dough stake at the tiT
g The killing frost in September. T.
damage was more severe farther mort
1weyer. and about 20 percent of t
T0D in South Dakota, As percent
N-rth Dakota, and from 80 to 40 pc
cent In Michigan, Minnesota, and w
11sn was reported as immature VIII
he frost occurred. The demand
rn al the principal markets was fail
active and has been sufficient to abso
ne current receipts.
The oats market held practically I
1anged Receipts at the markets &C
-1led light and the supply Of oats
1olce quality was inadequate for
arset needs. Heavy weight, d
Heht oats sold at premiums of
Sc per bushel over the Ordins
2hty Of the corresponding grad
-1a Out-tun of the crop was Sigh
lsar than indicated a month ago, g
-l1r1ing TO the October 1 estimate
luction this year will total about
@-.y0eO0 bushels. This is about 2;