The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1927-08-19
nv MARKETS ADVANCE
GRAZ on LESS FAVORABLE
CROP PROSPECT S

If further rust uaAldSO " VIC
reports States spring wheat were
Unl.s -+beniDg factors which caused
sirens a5vances on wheat prices dur
snaiR r. week ending August 13, ac-
ng ~ 70 the weekly Grain Market
e o.;aT Of the United States Bureau
hs',9 gTricultural Economics. Continued
o. .15 arogress Of the corn crop forced
81" . If that grain to new high lev
Pli'' ,.b;le continued unfavOrable
'el e. returns gave oats addition
i'1.-argtb The rye and barley mar
q 5'- ,raTe also firmer while flax made
I'm hs. advances upon unfavOrable crop
ns While considerable of the spring
1T crop is now past the danger
'.a~o from rust there are sections
80 damage may still occur. The
W. I, South Dakota is mostly har-
tod -,st or safe from rust danger ex-
Ut in the northeastern corner where
s,sbsble danger ranges from five to
trs1tv-five per cent, according to DR..
r r Stakman Of the United States
Pnraau of Plant Industry. In the
-oytbern Red River Valley of North
Dokota and Minnesota wheat is al
-,ost ripe OF cut. Rust was abundant
+, this area but damage has proved
sliobt except in late fields. In the
sontbern Red River Valley from Nor
ris Minnesota, and Fargo, North Da-
kota. probable rust damages diminish
q northward ranging from so to Is
ner cent. Rust is abundant in Central
North Dakota but bread wheat is yet
little damaged. Rust losses may range
m to Is per cent in southeastern
North Dakota from jamestown east
ward to the Red River Valley but the
crop is cut or ripening with little in
Jury in the southwestern and north
western sections of the tSate. In late
fields and in grain along the Cana
dian border where harvest is about
ten days away losses will depend up
on the weather. There was no i'm
portant changes in the European
wheat market situation during the
week A slight increase in the north
em hemisphere crop over that of last
season is indicated by recent reports.
The most uncertain factors at present
are the final out-turns in Canada and
Russia. The Canadian crop was Off
cially estimated August l at 357,OOO.-
900 bushels, an increase of about 81
100000 over the July l forecast. The
crop is late, however, and the posi-
bility Of further frost damage or
mst infection may materially change
the situation.
WHEAT: The winter wheat crop
showed further reduction of more
than 100000 bushels from the
July l estimate and at the first of
August was forecast at sos, OOO. 900
bushels. A large part of this re6uc-
ton was IN hard winter, principally in
Aansas and Nebraska, although there
Is reduction of about 5,5OO,OOO bush
soft winter wheat in the prin-
Gpal producing states.
The condition of spring wheat on
August was 1914 per cent of norm
al and indicated a crop of about POS
VVV,UOO bushels, slightly over 10000
VOO bushels of which in the four min
eSpal producing tSates of Minnesota
Nortn Dakota, South Dakota, and
montana, Is durum. The durum crop
according to this estimate will he
around 81 per cent larger than last
year IN these States.
he cash wheat market followed the
ADVANCE N the future prices with mill
llg demand slightly more active as a
result OF some improvement in the
.!Ouf market. Exporters were not ac-
i've buyers although bids were adj
'@nced Coo per bushel and were
s siOIhd SI5l per bushel for No. /
a a'i. winter wheat delivered Texas
gun ports. Protein premiums held
u!m' 10 per tent protein No. 2 hard
WINTER W. selling at Kansas CITY at 12c-
i' - '", the September price, when
u o.:S9 August IL at $1.33H. Good
:; inning quality soft winter wheat was
I l; very active demand at prices 3c-5c
r{ While the supply of soft
meat TINS season is but little LARGER
r ,-,-I domestic consumption last wear
e ~. tf this wheat is gom0
O ~. Tor 'Np"t; bt tn nom gulf nj
v,Io 49, movement Of new crop spring
go II increasing ana premiums #
i '-e close OF the week were SLIGHTLY
49, 49, although some offerings are
- se.-s readily taken. 13 per cent mo-
- 81 NJ 70 Dark Northern was selling
- ~ minneapolis at the close of The
nr mn a. oc-l6c over the September
ss1 4 e which closed August - at
4 s5 ID. The durum market was
l anlI nominal. The first car of new
,1l,,oef was received at Minneapolis
on @1.e1 oo No. l Amber was quoted aft
1 ,,'I:1 over the Duluth September
wv r,'iGh advanced nearly SC during the
m Ti and closed August 12 at 81 3eX
On ' ne was an active export demand
c - 'lie Faelfic coast with receipts in
nso. .sii's and export shipments ex-
leu ~ 70 get well under wav toward
-. iaI1er part of the month Har-
s,.r ,u.e IS progressing rapidly with
la55 %nlte wheat selling at Port
vs. a. ?l;S4 per bushel, and milling
va - nightly higher. There was a
al ,S ee'9 II for choice milling grades
v,;, .oh ancisco where No. / nard
popo5. was selling at 1920 per 100
les W. Milling wheat at Los Ange-
p SiS Quoted at $3.50 per 1Uu lbs
81 ~ - :, me ne rye crop is now estimat.
O0a :, ~, ~ 100000 bushels, about 1000.
.osr mere than was harvested last
Gu -. receipts of new rye are in.
go,,.k at the markets ana ar,
9r.co. very good quality. FUTURE
to 80. icAowed the advance IN wheat
Wv ,0 me extent but cash premium,
thu ioWcr' No. 2 rye being Quoted q.
!. q o'g q. of the week at M;9nesno, :;
DO Ter bushel ---'i' y q IN