The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1926-09-24

TD,sr+u1pnt of Agriculture, and prices
D y.plorced or declined as weather be-
o moro or less favorable. Rains
- tbe limited States and Canada de-
i - marketing and threshing of
-;no wheat and the market turned
s-,,eT Toward the last Of the week,
lever conditions became more IA
-Srable and the market weakened.
Corn crop prospects continued gener-
civ favorable and prices declined &c
o. Der bushel. Flax also declined as
rasult of Argentine competition but
oo+s nrices advanced as a result of
Tobt offerings of good quality grain.
The world wheat market situation
nos not materially changed. Reports
rom practically all the important
countries Of the Northern hemisphere
svceDt Russia and China indicate that
This years wheat crop is but little
larger than last year. In the Euro
-aan countries, however, production.
sccording to the present estimates is
sbout eight percent below last year.
Pains have delayed marketing in Eu-
rona and reports indicate that the
onalitv of much Of the wheat is not
bigb. That is causing a good demand
for high quality wheat from the Unit
81 States and exports have totaled
nearly 6O,000,000 bushels. Canadian
rrarketings have been delayed by the
recent rains but heavier offerings are
expected if weather continues favora-
BEL
World wheat prices, as reflected in
the Liverpool December prices, are
about 8 cents per bushel higher than
at this time last year. September
prices at Winnipeg however, are only
about three percent higher than at
this time last year while Minneapolis
September wheat is 10c lower and
Kansas City September about 21c be-
low quotations at the corresponding
time last year. The lower United
States prices reflect the larger crop
and larger exportable surplus east of
the Rockies this year.
Receipts of hard winter wheat in
the central western markets fell off
materially during the week as a result
Of floods and transportation difficult
ties Country movement was very
light and current receipts were gen
orally Of poor quality grain.
Elevators were the principal buyers
but mill and export demand was also
active Bids for grain to arrive were
advanced sharply at Kansas City and
were about 81 cents over the Chi
cagO December price at the close of
the week. No. hard winter wheat
Y percent protein was quoted at SC
over the Kansas City September price,
which closed September II at S1.28.
Twelve and a half percent protein
was quoted at &c over and 10 percent
protein at &c ever. Soft winter wheat
prices We're firmer as a result of
light receipts rather than an improv-
ed demand.
Cash premiums on spring wheat
were practically unchanged for the
week 4 good share of the receipts
was Of damaged grain, which sold
slowly. All good wheat was readily
taken by mills. Mill storage space,
however, is limited as Northwestern
mills have accumulated large stocks
Of winter wheat. A large percentage
Of the deliveries by farmers in the
spring wheat territory is also report
ed to be going into storage but in
terror elevators have become unwill-
ing to take grain on a storage basis
because of the poor condition of the
Wheat at the resent time. Twelve
percent protein No. 1 Dark Northern
sold at Minneapolis at from 2c-6c
ever the September price, which closed
September II at S139 3-8. Twelve
and half percent sold at 3c-8c over;
and u percent at 5c-10c over. The
movement Of durum wheat was slow
out with clear weather a large move
ment is expected, and it is believed
also that the quality will be generally
good. No. Amber durum was quot
ed at Minneapolis at from S1.37-S1.5
per bushel, an advance of about 4
l-6c for the week.
Pacific northwestern markets were
also firmer. Exporters and mills
We're competitive buyers and prices
Tor soft and western white were quot
Ed at the close Of the week at Port
land at S1.32 per bushel. Larger
quantities are reported going into
storage as farmers are not forced to
sell. Receipts at the Northwestern
markets were about double those of
last year and the movement from the
northwestern ports is the heaviest in
years. The Idaho movement to the
northwest, however, has fallen off as
tons.
The rye market fluctuated with
wheat. Mill bought the better grades
ou1 Jne receipts Of damp and sprcut-
Ing qualities were slow sale. Future
pllceS advanced about &c and No. 2
oye sold at Minneapolis at around 94c-
soc per bushel.
there was some concern as to the
out-tum Of the corn crop as a result
eOn'lnued wet weather and the late
i,ess OF the crop. Heavy receipts,
however, and better weather toward
.le eolse Of the week weakened the
MARKET and prices declined 2c-3c per
suslei' There was a good demand,
.ti Ihe current offerings and stocks
:. 1ne markets have continued to de-
rae5 Slowly. The Pacific coast de-
t ,i-''.Iu was fair in the central west and
~ ~ was also some inquiry from
was Oklahoma and the Mississippi
;a,iey. Premium on white corn was
NJ, creased at Cincinnati where Nc !
SI ii'e sold at 83c-84c compared to
u a Tor No. yellow No. 3 yellow
- ~ Louis. sold at 801ac and No. 2 |
INV nv at Kansas City at 84c-85c.
cs1 -ne poor quality of a large per-
----ase OF the racairnts of neru oats |