The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1926-04-23

In the wheat market during the week /
ending April II, when official reports |
from the principal surplus producing
countries indicated a material reduc- |
ton in the stocks of wheat available |
for the remainder of the crop year,
according to the Weekly Grain Mar
ket Review of the United States De-
partment of Agriculture. The higher
wheat prices, together with a more
active demand, strengthened the mar
ket for feed grains and advanced
prices one to two cents per bushel.
Rye and flax prices held steady but
the market for these grains was rela-
lively weaker
] The supply Of wheat available for
export in the principal exporting
countries, including Australia, Argen-
tina, Canada and the United States,
together with the amount on ocean
passage is around forty million to
fifty million bushels smaller than at
this time last year. While no eSti-
mate is available of the stocks of
wheat in Europe, trade reports indi-
cate that this supply is becoming
small and that a larger percentage
of the European needs will have to
be imported.
. The Indian crop, which is now be-
ing harvested, will probably provide
little, if any, wheat for export and
!, may even be below the domestic re
! quirements, which are roughly esti-
mated at 33O,OOO,OOO bushels. The
} acreage seeded is more than six per
cent less than that of last year and
growing conditions have not been fav-
= l.. l~I
fore, that production this year may be
even smaller than the 325,000,O00
r bushels produced last year.
S The demand for cash wheat in the
= United States markets was more ac-
d tive but principally for heavy wheat
). rather than that of high protein. In
y the spring wheat markets some of the
It cheaper classes, including the Kcta
r and Velvet Chaff varieties, were well
u taken by the mills if of heavy test
L weight, and II per cent protein heavy
5 test types in many instances brought
more money than the thirteen anC
fourteen per cent protein types Of
d lighter weight. II per cent protein
Is No. 1 Dark Northern was quoted al
" the close of the week at Minneapolis
TO at eight cents to thirteen cents ovel
IS the May price; 1919 per cent 9-13'
Of over and 10 per cent 10-14c over. Th'
I'd durum wheat market was practically
~ unchanged with demand less active
&c although the Southeastern demand
n for durums at Omaha was reporte,
er sOmewha. Improved.
r Premiums for hard winter whea
er were also slightly firmed althoug
er demand was limited because of tn
IA dull flour trade. Interior Kansa
mills continued to resell some G
their high protein wheat. This tenC
ed to weaken the price of the hig
protein grades. II per cent prOtei
No. hard winter wheat was quote
at Kansas City at 9-10c over the Ma
H price; 1912 per cent, 10 1-2-11c owe
8V and 10 per cent IL 1-2-12c over. The
were further Inquiries for new Gre
wheat but sales were unimpOrtant
around &c over the July price.
fo- The demand for soft winter whe
all was more active than for sometin
IN but offerings were light and pric
were materially advanced for t
my best grades. The market of the T
Ia cific Northwest also made further a
vances and several cargOes and nul
De erous parcel pots were sold to t
United Kingdom. More business "
ny, available but lack of space prevent
on further sales. Western white whe
was quoted at $1.52 per bushel POI
81 land.
Try, Winter wheat generally continu
rst to make favorable progress and seq
ing of spring wheat was again beg
Do afte rabout a weeks delay in MINI
inS sofa and the Dakotas.
Corn prices were advanced at
per- principal markets, partly as a res
of the higher wheat prices but pr
,ase cipally because of a better dema
10 and lighter receipts.
The oats market continued Fl
art with a slight advance in prices
lrst most markets. Receipts were
moderate volume but continued bel
Co. the current needs, causing furtl
reductions in the commercial stOC
for Receipts Of oats at the principal m
kets for the crop year to date h;
per- been nearly 20 per cent less than l
re- year although the supply was larg
The rye market was firm althol
sold price advances were less than
. wheat Moderate amounts conti
Dad, to be taken for export and comm
cial stocks are being reduced, to
way ing at the present time around t
fruit teen million bushels compared v
about seventeen million bushels
parry this time last year. It is estims
Early that from present conditions the {
will be around 100000 bus
Re smaller than last year, but should
merry, crop be no larger than indicated
An supply will be more than ample
awe. domestic requirements.
nong There was a better demand
osses barley during the week and pl
were slightly advanced in most I
Bank