The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1926-08-06

Iy during the week ending july "a
but feed grains. held firm, according
to the Weekly Grain Market Review
Of the United States Department of
Agriculture. A continued heavy move
ment Of winter wheat, more favorable
weather in the spring wheat areas of
the United States and Canada, and a
light export demand as a result Of
the unsettled political situation in Eu-
rope were the principal weakening
factors in the wheat market. Feed
grain prices were held firm by an
active demand for the limited re-
ceipts. Uncertainty as to the new
crop situation was also a strengthen
ing factor. There were no important
chances reported in the foreign crop
conditions. Reports were current that
Russia would probably start selling
within the next week or ten days but
this had little influence upon the for
eign markets, although the export de-
mand continued disappointing and
some earlier purchases of winter
wheat were cancelled by European
buyers. The most disturbing factor
in the European market situation was
the deprecated currency in France,
Belgium, and Italy. The Liverpool
market declined about &c during the
week. The Car 0dian crop situation
continued generally favorable altho
there was considerable uncertainty as
to the sufficiency of moisture as
result of light rains.
The movement of hard winter wheat
continued very heavy and receipts of
soft winter wheat increased during
IL
demand from mills and elevators and
current offerings were well taken.
Northwestern mills continued to be
heavy buyers of hard winter wheat
throughout the Southwest. Bids by
Kansas City mills for wheat to ar
rive on July % were around S1.35 for
No hard winter IL per cent protein.
Cash quotations for II per cent pro-
TEN No. 2 hard winter at Kansas
City at the close of the market FRI
day were $1.35 per bushel; for 1917
per cent protein, S1.36 per bushel and
13 per cent protein S1.37. A dull
export demand at the Gulf was partly
responsible fer the heavy movement
to Kansas City and other interior
markets.
Soft winter wheat prices also de-
clined Sc cents at the principal mar
kets largely as a result of the in
creased movement. Southern and
southeastern mills were active buyers
at Cincinnati but were not taking a
great deal of wheat at st. Louis where
receipts we're large of exceptionally
fine, dry white wheat. Receipts at
Cincinnati and Toledo also showed ex-
cellent quality, much of it weighing
from 62-65 pounds with only II per
cent moisture.
With hard winter wheat being off
cred freely in the spring wheat mar
kets at around the September price
premiums for spring wheat were re
duced. Trading at Minneapolis was
transferred to a September basis and
70 per cent No. 1 Dark Northern was
quoted at the close of the week at
Ice to pc over the September price.
which closed July % at S1.49 1873;
1919 per cent protein was quoted at
1Sc to 24c over the September price;
and 10 per cent 21c to 25c over. Du-
rum prices continued strong due TO
scarcity of offerings. Nc l Amber
sold at Minneapolis at $1.5O@1.61.
Prices in the Pacific Northwest also
declined and exporters were offering
around S1.4O per bushel for soft and
Western white wheat for August and
September delivery. Harvesting re
f1Tne are showing better yields than
was expected. Particularly in the
spring wheat sections. Export de-
mand fell off at the recent advances
but some further export trade WIN
the Orient is expected to develop at
the lower price level.
The rye market was weaker with
wheat but did not show as great a
decline. Crop conditions continue I'M
favcroble and this together with
0ood general demand has held the
market independently strong. Fancy
milling qualities were wanted and No.
9 rye sold at Minneapolis at the sep
TENDER price to &c over.
The corn market held firm under an
active demand and only moderate re-
ceipts. Pacific Coast buyers TOOK
large quantities of corn from Omaha
where prices held very firm at around
S3c to SAC per bushel. Local Industries
and feeders were moderate buyers at
Kansas City and receipts were about
equal to the market requirements.
Prices fluctuated with local cOndl-
lions at most of the markets and
there was no material change in the
general situation. Rains were need
ed quite generally over the corn belt
and serious damage was threatened
by the dry, hot weather which pre-
vailed early in the week.
The cats market held firm largely
as a result of the uncertain out-turns
of the new crop Threshing was be-
gun in the north central States and
while little is known about the out
turn, much smaller returns than usual
are expected and it is also believed
in trade channels that the testing
weight was light in many sections.
Prices at most markets were adj
vanced about lie per bushel for the