The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1926-12-17

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durine, the week ending December 10, |
according to the weekly Grain Mar
ket Review of the United States De-
partment of Agriculture. Prices OF
corn, oats, and other feed grains held
generally firm as a result OF light
receipts. The demand, however, was
not of large volume and the under
tone Of the market for some Of these
grains was somewhat weaker.
The first official estimate of the
Argentine wheat production this year
places the crop at 215,316,000 bushels
compared with 1911 10000 bushels
last year. An unofficial estimate of
the Australian crop places the wheat
crop of that country this year at
about 14O,OOO,000 bushels as compared
with 100000 bushels last year
The prospective increase in the south
ern hemisphere is causing European
BUYERS to take only sufficient grain
for their immediate needs. This has
reduced somewhat the export demand
for United States wheat. Total Unit
Cd States exports Of wheat, including
flour. to December 4 have amounted
to about 134,500,000 bushels or more
than half of the probable exports
from this years crop.
While world wheat prices have
tended upward during the past two
months, this upward tendency is now
aDparently checked. Stocks Of wheat
in the United States and Canada are
LARGE and the southern hemisphere
supply situation is more favorable
In addition to this, the recent high
freight rates have been reduced near
" fifty per cent, particularly on car
goes for December and January ship
ment. The final Outurn of the south
ern hemisphere crop, however, and
its quality are not yet certain ana
the wheat market is likely to con-
tinue unsettled.
The demand for the moderate re-
ceipts of wheat in United States
markets was fairly active and premi-
ums held about unchanged. II per
cent protein No 1 dark northern
sold at the close of the week at Min
neapolis at &c to &c over the Decem-
her price, which closed December 10
at S1.38 rs. Thirteen per- cent sold
at Sc to SC over. Offerings of de-
sirable milling qualities Of durum
wheat were scarce and the highest
premiums of the crop were paid fol-
the best offerings. No. 1 Amber dur
UNI was quoted at Duluth as high as
45c over the December price, which
closed December 10 ut that market
at $1321a.
Mills were active buyers at Kan
sas City and Wichita but elevators
and shippers were the most active
buyers of high protein wheat. Rela
lively large shipments of wheat from
Omaha and other terminal markets
principally at Kansas City for deliv
cry on December contracts, were re
ported. IL per cent protein No.
hard winter was quoted at Kansa
City at SC over the December price
which closed December 10 at S1.33 4
Fourteen per cent protein sold {
515c over the December. Export bio
for shipment were around $3.50 pc
bushel delivered to gulf ports. Sol
winter wheat prices were fairl
steady by light receipts as deman
from mills was only moderate.
The export demand for wheat
the Pacific Northwest was slight
more active but was mostly for shil
ment on previous sales. Exports
were reported to be unable to wol
much new business except in pare
lots. Country movement was Sigh
ly larger and it was estimated by t
trade that around 100000 bushe
would still remain for export at t
first Of the year. Western ana sc
white wheats were quoted at 81.
per bushel at the close Of the we
at Portland.
Receipts of corn at the princiI
markets were of only moderate "
ume although materially larger tn
during the past few weeks. The {
mand was sufficiently active to {
serb the offerings at practically |
changed prices but with stocks
corn at the markets still unusua
large there appeared to be so
doubt among the trade as to the m
kets ability to absorb larger recel
except at lower prices. The weat
has been unfavorable for husking ;
.cribbing corn in parts of the c
belt which has delayed market mo
.ment.
The oats market continued il
7pendently firm. The small offer
of high grade oats were in urG
demand at sharp premiums over
common run of the receipts. All
ferings, however, were well abso
but commercial stocks at the 7
cipal markets remain about unchi
ed.
The rye market was lower
wheat although Il appeared 20
independent strength as resui
some export sales during the
Current receipts at most maj
we're light and premiums Were
unrhanFn.l cash grain EcllnE
around ttr May price, which clos
Chicago December Zoe at toAc
demand was slightly less active
a week or two ago.
The barley market held stead
che central West. Feeling 80
were held firm By the steady ma
Tor other feed grains Mailing
were IL 20 &c higher as a resu
sharp competition by local malls
On the Pacific Coast the demand
dull. Freight space was still ~
at the high level of Sll per 70
the United Kingdom and expol
were not active buyers. Snip
-. ,,,,- c,,o+ad CT 81 so Der