The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1926-09-10

Grain markets continued their
downward trend during the week end
ing September a, states the weekly
Grain Market Review of the United
States Department Of Agriculture.
Private reports indicating a Canadian
crop larger than last years harvest
forced world wheat prices slightly |
lower while demand was less active |
in the United States. Yields Of do |
nestle spring wheat in many sections |
were exceeding earlier expectations
but rains hindered harvesting and the |
threshing Of spring wheat both in this
country and in Canada. Corn and
oats were slightly lower on account
Of more favorable conditions for the
corn crop.
With an increased movement Of the
spring wheat receipts at the princi-
pal markets were larger than for the
previous two weeks. Export demand
was active but domestic mills took
only fair amounts while terminal ele-
vator stocks were generally large.
Mills in most sections had good stocks
of wheat purchased earlier in the sea
son. Elevator space for handling low
! grade damp wheat was crowded at
some markets and this wheat sold at
sharp discounts.
The European situation was little
changed but reports Of a German
wheat crop 1920 percent under last
years harvest we're confirmed while
the quality in general is described as
poor Private estimates of the Itali-
an crop run about 100000 bushels
lower than official figures In the ORR
ent the wheat crop prospects in south
en Manchuria are particularly poor.
Receipts fell eff in the Southwest
as holders were unwilling TO sell at
the declining prices. Export bids
were about 5h percent over the Chi
cago December IL percent protein
No. 2 hard winter wheat at Kansas
City was selling at 4l5c over the
Kansas City September future, 1914
percent at sac over, and 13 percent
at &c over. Export bids at Fort
Worth were generally &c over the Chi
] cago December with dealers paying
, a premium TO secure shipments while
milling wheat was quoted about e
] higher. Wheat was arriving at Oma.
! ha from Colorado together with the
spring wheat from Nebraska, Wyom
ing and Montana.
Cash wheat was unsettled at Min.
neaplis with premiums working OF
account of the movement of spring
wheat Certain qualities, however
/ moved readily when wanted by mills
! ~ percent protein No. Dark North
p ern sold at Minneapolis at 3c-6c ovel
. the September figure; d2h percen
r at 4cl7c over; and 10 percent at &c
{ &c over. Increased offerings weaken
r ed the premium on durum wheat ant
h No. / Amber was quoted at 6c-20
e over the Duluth September, which
Y closed Friday at $1.26 1-8. No.
+ mixed was quoted at lc-l8c over thi
r. future.
Soft winter wheat was relativel,
= firm for good quality dry wheat. Pre-
miums for choice No. 2 red winter a
{ st. Louis advanced to 5c-6c over tn
' September price on Friday. Low
{ grades ranged 90c-$l 20. Mill inquir
a ! les increased at Cincinnati where off
|. erings Of good wheat were light. NJ
r. Q red winter sold at S1.31h at thi
h market and about $1.31 at Toledo
e Corn futures worked lower but cas-
Is prices held relatively firm at mos
4 markets Receipts again fell off q
a mand was only fair. Shipping de
b. mand at Omaha was the lightest 70
o something with inquiries chiefly frol
n the Pacific coast and local points
II Kansas ana Nebraska. A few Col
at Kansas City were sold TO feeder
ID but demand was poor Heavy cr0I
r. Of feed grains in the Southwest wei
u shutting elf inquiry from that So,
rs ton. The bulk of the offerings {
i st. Louis moved TO industries AZ
10 gooa No. 2 white corn commando
9- premiums from millers at Cincinnati
A. While corn is generally late Il
re- crop made very good to excellel
IL progress in NEST sections during u
IA week. In few areas, howver, pa
Of ticularly southern Nebraska and we
s. em Kansas, it deteriorated on accou
Of drought.