The producers news., 1926-12-10
REVIEW OF The GRAIN MARKET
GRAIN MARKETS FIRM = PRICES IRRECIU ARIv
. HIGHER ON IMPROVED DOMESTIC DEMAND

". of all grains advanced accord
pl'5.9 +be weekly Grain Market Re
Tg ~ ibe United States Depart
NeD If Agriculture. M ark ct re-
men. ,re,e moderate and although
c5-P'+ demand was only fair, do
eAP2: INQUIRY was more active, par
lL:s,5arlv Tor higher grades Of all
~. - Of grain. Light deliveries of
A..- an December contracts indicated
CO. CO.. commercial stocks were firmly
u1i a5 While reductions in private esti-
hg.t tos of the exportable surplus of
ne, %so+ from Argentina h e / p e d to
g.-ongtben the wheat market.
World wheat conditions were prac-
IL, unchanged with the exception
~ reduction of around 100000 |
g.--bels in the private forecasts of Ar
D-.+ina exportable surplus. European /
s,and for wheat continued slack. /
Caoon freight rates were slightly cas-
- b,t importers were buying eau
..a,slv Canadian commercial stocks
'...,tinued to pile up and on November
"a totaled around 112,O0O,00O bushels,
i,,Inding country elevator holdings.
Paceipts at the principal United
c+s+as markets showed a further de-
--sase and with more active demand
-asb wheat was firmer than futures.
SI;gotlv less wheat was ground d r
no october this year than last, 4e-
Tecting possibly the unusually heavy
miIlings early in the season. Flour
ontuut July-October was slightly
i.roer than for the same period last
ear but the increase is largely off
ss+ bv low flour stocks at the be-
Ginning Of this season.
Demand for good wheat was fairly
active in the Southwest. Deliveries
IN December contracts were heavy
Of Kansas City but were readily alb
sorbed bv mills and some high pro-
TEN wheat was sold for shipment to
Buffalo. Outside mills took high
Drotein wheat at Wicheta and both
oill and export demand we're active
at Fort Worth. II percent protein
IA 2 hard winter sold at Kansas
Titv at &c over the December Op-
+io1; IA percent at 7c over. Export
ers we're bidding 12c over the De
cember for No. hard winter on the
track at the gulf.
Receipts were lig hit in sprin
wheat markets and good wheat wa'
readily taken although poor gran
was slow sale. II percent protein
No. Dark Northern sold at Mime
anolis at &c to 7c over the Decembe
future which closed Friday at $1.4lH a
1912 percent sold at &c to &c over
and 13 percent at sc to &c over. Du
rum wheat continued strong on ac
count of the scarcity of good milling
malities. No. 1 Amber durum a
Minneapolis sold at 10c to 4Oc over tn
Duluth December which advance
nearly 7c for the week.
Soft winter wheat premiums ad
vsnced on light receipts and 1al
de,,and Scattered carlot orders too
the limited quantities at st. Loul
and orders were difficult to fill
Cincinnati because of the light re
CENTS of country wheat. Elevator
stock were drawn upon at this MAJ
ket Some buyers we're anxious Io
prompt shipment at Toledo ana O'
mands for good milling wheat We
active at Indianapolis. Trading We
limited in the Pacific Northwest W: Wl'
farmers selling slowly at preValim
quotations around S1.37 per bushel
Portland. Exporters were DuylI
sparinglv because of the ocean trelgl
situation.
Rive was generally firm with Wne
although export demand was on
fair. Good milling qualities we
wanted at Milwaukee at advancli
premiums and dry grain was 1lrln
Duluth although low grade and oai
aged rye sold at sharp discounts
Corn prices advanced Sharply
middle of the week on moderate OF
erings and light deliveries on Decel
her contracts. The wide spread {
tween the December May options
duced elevators to hold their sCoc
while unfavorable weather for nus
ing over a large part Of the corn o
seemed likely to delay the movemt
Of new corn. Old corn was sharl
higher at most markets while Il
crop offerings showed a smaller
vance.
Oat prices advanced largely
svmpatbv with corn although recel
Of this grain were small. Dems
was fair at Minneapolis and Ger
interests and shippers were goOd .,
ers at Milwaukee. Demand was 81
in the Southwest, particularly lot
light weight grain. offerings
Cincinnati were hardly equal 70 VI
requirements.
Barley also ruled firm in cent
western markets. Prices at Mime
oils ranged 4Oc to &c and good IN
ing barley was wanted at MllWau
at advancing premiums. Feeo gTa gIT
were also firm at this market
ing was light at San Francisco
export business very dull. ShlpI
barley was selling up to Sl.oO per
pounds with feeding grades qu'
around S1.30. Farmers IN TINS =
tory were anxious to sell. O'
freights were quoted at $40 per
Good quality English barley
been commanding good prices IN
country this year and the gen
level Of barley prices there IS s.
what higher than year ago
crop California barley on spoSo
quoted at S2.12 to S2.44 per 1OU
az London with superior barley e
S2.27. Feed barley was ABOUT
per 100 10 with elf. shipments
ed at S1.87.
Flax markets were steady to
Crushers were competing Tor e
dry seed at both Minneapolis ana