The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1926-10-01
REVIEW OF The GRAIN MARKET
Grain Market Generally Frm-Wet Weather Delaying Rp
ening of Corn and Marketing of Spring Grains

Weather conditions were again an
during the week ending September 25.
according to the weekly Grain Market
Review Of the United States Depart
ment Of Agriculture. Rain and snow
in Canada and in parts Of the spring
wheat belt of the United States re-
tarded the marketing Of spring wheat
and also damaged the quality of the
grain in some sections. The quality
and receipts Of other small grains were
affected ty unfaVorable weather in the
central and northwestern States. The
ripening Of the corn crop was further
delayed and from Iowa eastward thru
Illinois, Indiana, and Ohio, a large per
centage of the crop will require ten
days to two weeks favorable weather
10 mature the crop. At the close of
the week frost damage was threatened
IN the northern part Of the corn belt.
Foreign wheat markets were firm.
October wheat prices at Liverpool adj
Yanced 1c for the week ending Septem-
Der "a but prices at Buenos Aires de-
clined about 1c for the same period.
The wheat acreage in Argentine, &C
cOrding to the September estimate is
about 19,126,000 acres, or within about
1000 acres of the final estimate Of
last years acreage. Rain and snow in
Canada are reported to have done con-
siderable damage and trade reports in
dictate that the crop in the prairie
provinces mas DIQDdDlV DtGn lC0ANC0
some 30,000,000 bushels under the pre-
lminary government estimate of $780,
600 600 bushels AS a result Of the I'M
certainty as to the quality and outturn
of the Canadian crop and the failure OF
negotiations to end the British coal
strike the wheat market was rather UNI
settled but appeared firmer than at the
close Of the previous week.
In the United States markets prices
held firm for desirable grades. Hard
int On-3n
although the shortage of ocean ton
mage, as a result Of the British coal
strike, has restricted export demand.
Mill demand was also less active than
early in the season but buying py spec
ulatoFs and elevator interests was &C
tive and sufficient to absorb current re-
ceipts. Export bids at the close OF ne
week around STAG fob. the CUR. NO
: hard winter was quoted at hailss.-
City at the close of the week at &C
over the December future price for IL
percent protein. Twelve and hail
percent protein was quoted at DC over
the December and 10 percent at DC Owe
Kansas City December wheat closeO
September "a at $1.31H.
Light offerings of dry milling srdues
Of spring wheat advanced preilll ~
about &c at Minneapolis; II percent Pr
TEN No. 1 Dark Northern selllhs a. -
&c over the December price, when CLOS Sg
ed September "A at SLAP Is. Il p 20 SCIO
at desc over the December and Is pei
cent 6c-10c over. Durum wheat wa. q,
very finn with only a few cars y.
choice milling wheat received uI5 5 ii-s
The week No. 1 Amber durum sold a
Minneapolis at from S1.33-l.4o Pc
bushel.
Export demand on the Pacific. Coas
was restricted by the shortage Of o ce41i
tonnage and the higher ocean Irels - II
rates There was a fair demand, now
ever from the Orient and from ;I ,,, elr
United Kingdom but local mlIs W. sa'
not active bidders. White ana ~
wheats were quoted at Portland at IN
close of the week at S1.361.S1 per push
ell Flour demand was limited anu
Was reported that the flour puslIles
Of China was being taken by Japaiies
mills
The rye market was practically uli
changed although, prices. at the cl ~
We're slightly higher than earlier IN u
Week. Choice milling qualities Were
steady demand but damp rye OF PoO
quality sold slowly
The approach of the new crop was
Weakening factor in the corn nla = :
but the weather over much OF the Del