The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1926-11-12
Grain Market Draggy; Corn Prices
Sharply Lower; Wheat Prices Slight
~ Easier.

Moderate receipts of wheat were in
excess of current needs during the
week ending November and prices
made slight declines, according to the
Weekly Grain Market ReviaR Of the
United States Department of AgritHl-
lure. Lack OF steamer space continued
to restrict export buying alth lugu TO-
nestle inquiry was generally more &C
tive than for the previous week. Liber-
al country marketings of corn again
forced prices of this grain downward,
but oats and barley held practically
steady with a good demand, particular
~ for the best grades. Flaxseed held
about steady in spite of sharply lower
quotations in Argentina.
Foreign demand for United States
wheat was again restricted by high
ocean freight rates, but fair amounts
were reported sold for export during
the week. The world supply situation
was little changed Most of the wheat
in Canada has been threshed, accord
ing to private reports, although rain
and snow continued to interrupt oper-
ations. Canadian wheat in commercial
channels tOtaled about 100000 bush
els late in October, about 5000 600
bushels less than at the corresponding
time last year. Country marketings in
that country for nine weeks since the
beginning of the crop movement
amount to about 126,0OO,0 900 bushels
compared Win ABOUT 1OJ.UUU,UUU push
els for the same period last year and
around 1916, 100000 bushels for the cor
responding time in 1922 and 1928 Re
ports from Argentina and Australia
continue favorable and crop conditions
in India at the close of the Monsoon
were fair to good.
Domestic inquiry improved slightly
at the lower levels. Mills were good
buyers in the southwest and good quail
ity high protein wheat moved readily
s,1FT
ued small. Local and northwestern
mills were in the market at Wichita.
No. hard winter II per cent protein
\ sold at Kansas City at 31ac over the
/ Kansas City December option, which
/ closed November at Sl.35. 1919 % sold
at &c over and 1870 412c over. Demand
was more active at Omaha but Colorado
mills were taking local wheat less free
ly although the movement was being
there.
Demand was slack in the spring wheat
markets with good quality heavy wheat
selling readily but damp and sprouted
4 wheat were selling at discounts. Pro
tein content continued relatively unim-
1 portant No 1 Dark Northern II per
cent protein sold at Minneapolis at the
December option to &c over; 1871 per
| cent ae 1c to sc over; and 10 percent
at &c to &C over the December option,
which closed November at S1.44. Mon
1 tana n 1 Dark Northern of good weight
&c over the December option with ordi-
nary wheat at the December option to
1c over. Durum wheat was irregularly
active Milling EQUALITY of Amber du-
rum was scarce and wanted and No /
Amber at Minneapolis was quoted at 10
cents to 42c over the Duluth December
option.
Soft winter wheat was barely steady
Demand was moderate at St Louis but
moderate receipts held prices steady at
Cincinnati although milling inquiry was
limited. Prices advanced at Toledo and
interior elevators sold freely at the
higher prices. Milling demand was ac-
tive. Higher freight rates cut dowr
the export business in the Pacific north
west and prices declined about &c pei
bushel but farmers were selling sparing-
ly at the decline. Milling inquiry was
slack with export flour business draggy
Rye prices were easier with wheat
Higher freights continued to restric
export buying although good sales wer,