The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1926-11-05

The grain market developed aweak- |
er tone during the week ending DC
tober 30, according to the weekly
Grain Market Review of the United
States Department of Agriculture.
High ocean freights restricted export
demand for wheat and domestic de-
mand was not sufficient to prevent a
/ slight decline in prices Continued
heavy receipts of corn with only a
moderate demand weakened the corn
market and resulted in a decline OF
&c to &c per bushel The market for
other grains was also weaker but
oats maintained Independent strength,
largely as a result OF the limited Off
erings Of high grade grain
There was no material change IN
the foreign wheat market situation.
Private reports show favorable crop
prospects in Australia and more IA
vorable weather conditions in Argen-
tina. The European demand is being
influenced by the high ocean freight
rates occasioned by the coal strike.
Much of the tonnage needed for wheat
has been taken for the expectation
of coal from America to Europe. The
Liverpool market has also been IN
fluenced somewhat by the coal strike
and prices have fluctuated in response
to rumors concerning the settlement
or continuation of the strike. De-
cember prices at Liverpool, however,
are about 25c higher than at this
time last year and apparently reflect
the shorter crop of bread grains IN
Europe this year.
The domestic wheat market for
most grades declined &c to &c per
bushel as a result of this smaller eX-
port demand and only moderate buy
: ing by the domestic trade. Hard
: winter wheat declined about &c for
+ the high protein types but ranged
t from about unchanged to 1c higher
? for the lower protein types. Last
/ weeks firm market caused increased
country loadings, which were reflect
ed in larger receipts during the cur
1 rent week at the principal winter
r wheat markets. Elevators were only
f moderate buyers at Kansas City be-
/. cause OF the limited STORAGE space
: now available. An improved demand
was reported from Wichita for high
grade protein wheat but mostly from
d local buyers as outside buyers were
: practically out of the market. Twelve
Y percent protein No 2 hard winter wa;
= quoted at Kansas City at &c over the
e Kansas City December future price
which closed October % at S1.36 rs
1912 percent protein sold at abou
+ 4c over the December price and 1;
r percent at Acc over. Exporters wer,
e bidding around $1.51 at Kansas Cit!
S for No. / hard winter wheat deliv
r cred fob. gulf ports.
d The demand for soft winter whea
0 was also limited and prices were no
materially changed Unfavorabl
weather has interfered with seedin'
# in the principal States of the sof
= winter wheat belt and less acreage
l. has been seeded than was intende,
o according to trade reports
= The spring wheat markets wer
10 also rather draggy and cash premi
s. WINS were lower about &c per bushel
Ie particularly for the hioh protei
l. GRADES, with which the mills are we
e supplied.
k Test weight and moisture have be
h. come more important factor tina
re protein content and the principal de
s mand has been for high test weight
ID dry wheat II percent protein No.
h. Dark Northern sold at the close O
II the week at Minneapolis at the De
If cember price to &c over; 1914 percen
lie at lie to sc over; and 10 percent a
a &c to &c over the December, whic
l. closed October % at $1.45. The mar
lie ket for durum wheat continued yer
g flrm and premiums were further in
8, creased, No. 1 Amber being quote
at Minneapolis at 10c to 35c over tn
Duluth December, which, however, de
le ciined 318c and closed October % a
re S1.351a.
j. The demand in the Pacific coas
re markets was also restricted by tn
IS scarcity of ocean space and exporter
were taking only small amount.
d. have been shipped from the Pacifi
have been stripped from the Pacifi
Northwest to date. Soft and west
/ ern white wheat was quoted at Port
I land at the close of the week at $1.4C
4 1.41.
4 Continued heavy receipts of corr