The producers news., 1926-01-15

The grain market fuctuated sharp
ly during the week ending January 9
but there was very little change in
the general market situation accord
ing to the Weekly Grain Market Re
view OF the United States Department
OF Agriculture. Uncertainty as to the
outcome of the Argentine crop con
tlnued to be disturbing factor. Eur
opean buyers failed to come into the
market as expected and foreign de-
mand was dull. Higher prices in
American markets apparently are
causing European buyers to await
more definite information about the
Argentine surplus.
! Argentine news for the week con-
tinued generally favorable although
trade reports were current that a con-
siderable percentage cf the wheat in
Northrn Argentina was of poor mill
ing quality. Flood damage occurred
IN Southern Europe with considerable.
loss to winter sOwn crop reported
from France. Canadian stocks in
commercial channels total around 13l
million bushels with about 18O million
bushels remaining in all positions for
export according to unofficial trade
estimates.
Offerings of spring wheat were
heavier but demand became less ac-
tive and premiums were slightly re-
duced. II per cent No. l Dark Nor
thern was quoted at the close of the
week at Minneapolis at Tile over the
May price; II IL per cent, 9-13c ov-
er and 13 per cent, 12-15c over, with
an additional 1-2 to 3-4c premium for
each IA per cent higher protein. Dur
um premiums were lighter as a result
OF better demand and smaller of
ferings. No. l Amber being quoted
at Minneapolis at the Duluth Nav
price to 19c over. Duluth Nav dur11m
advanced 1c for the week, closing.
Friday at $1.51 ga.
The market for winter wheats was
higher with demand more active.
Eastern and Central States mills as
well as local elevators bought hard
winter wheat in the Central Western
markets and premiums held firm. No.
hard II per cent protein was quoted
at Kansas City at 8-9c over the Nav
prices; II 1-2 per cent, 9-1O 1-2 G
over and IL per cent, 10 1-2 to lie
over
The demand fer soft winter wheat
was better than for some time
Southern and Southwestern mills
bought freely at practically all the
markets. Prices were very firm, one
car Of No. 2 red winter Z per cent
dockage selling at $500 per bushel at
st. Louis. Ordinary cars of No. 2
red winter were selling at S1.95-1.9 .98
at the principal markets. The demand
on the Pacific Coast was only moder-
ate as export demand continued linn
tied, consisting of only occasional
sales of parcel shipments. Country
offerings continue light and about 40
per cent of the crop remains in farm
ers hands, according to trade esti-
mates.
The corn market held steady thru
out the week with demand improved
by the colder weather. The higher
grades were in good demand at all
the markets but corn showing dam
age or high moisture sold slowly.
Considerable high moisture corn is
still being received in the markets of
the corn belt, although the quality is
improving. An important feature in
the corn market during the week was
the offer of a large implement con-
Germ to accept corn in payment on
purchases of farm machinery cn the
basis of $1.00 per bushel for No. 2
corn at Chicago. Pacific Coast buyers
were bidding actively for corn at
Omaha towards the close of the week.
The oats market was firm with 9TH
er grains and the demand continued
? good with continued active buying by
Southwestern concerns. Commercial
stocks continue large but the current
demand is sufficiently large to absorb
the current offerings.
The rye market was less active
than wheat but advanced slightly ov-
er 1c per bushel during the week.
There was some scattered export
business but mills and elevators alb
! sOrbed most of the offerings at prices
ranging from 3-4c under the May
price.
The fax market held fairly steady
although the prospect of a record
crop in Argentina continued to be a
weakening factor in the market. Ac-
cording to trade estimates around q
= 100000 bushels of the flax are still
available for market of the 1925 U. S.
crop. The demand from crusherS
: continues good and readily absorbed
= the light receipts. No. seed sold at
Minneapolis at PIC under the May
= prices, which closed Friday at $2.57
S decline of about 3-4c for the week