The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1927-10-21
Wheat and Rye Markets Firm: Corn
Lower on Improved Crop Prospects;
Oats Lower With Corn.

/ The wheat market continued firm
during the week ending October 10,
influenced principally by the good de-
mand for milling wheat and the adj
vanclng markets at Winnipeg and Liv-
erpool which were apparently reflect
ing the delayed movement and poor
quality of wheat in Canada and Eur
ope, according to the weekly Grain
Market Review of the United States
Bureau of Agricultural Economics. An
indicated increase of about 145,000,-
600 bushels in the corn crop as re-
suit of favorable weather during Sep
TENDER weakened the corn market.
Rye was firm with wheat and also as
a result of a continued active demand
but the oats market weakened the
corn. The barley market was indie
pendently firm, particularly for mall
ting grades. Large offerings of flax
or which greater percentage was of
poor quality weakened the flax mar
ket.
The domestic spring wheat crop was
estimated October l, at 313,771 900
bushels but included in this figure
We're oO,21O,00O bushels of durum pro-
duced in the DakOtas, Minnesota and
Montana. With the exception of the
1872 crop, this is the largest produc-
ton of durum ever recorded for the
United States. With this increase in
spring wheat over the September
forecast, the total production of all
wheat in the United States is now
placed at SGT, $685. 900 bushels.
An important feature in the foreign
wheat market situation is the quality
OF this seasons crop. According to
the dominion Bureau of Statistics the
quality of the Canadian cro~ is about
~ per cent of the 10 year average.
Rains and snow during September
caused considerable damage to the
quality and also delayed marketings.
only about one-third as many cars of
wheat were inspected during Septem-
Der as during the corresponding month
last year and inspection reports con-
1lrm the low quality of the grain. The
number of cars grading No. 3 North
EN- or better was only 46 per cent of
the total against 81 per cent in Sep
TENDER, 1926. About one-fourth of
the September inspections this season
were no grade whereas less than 10
per cent were no grade last year.
In Australian crop is now official
ly placed at lis, 100000 bushels which
should provide some 100000 bush
els for export from the new crop, not
taking into account stocks of old
wheat on hand at the end of the sea-
son.
The supply of wheat available for
export from the United States and
Canada at the first of October was
around 1OO,OOO,000 bushels larger than
on October 1 last year, not allowing
Tor understandable wheat Export
demand, however, continued of good
volume, exports from the United
States during September totaling
nearly 36,00O,000 bushels compared
with about 100000 bushels last
year when hard winter wheat was go
ing out In large quantities from the
gulf ports. A good percentage Of the
United States export since the first
OF July has been OF Pac1rfc coast
wheat, exports of wheat and flour
from the Pacific coast ports during
July, August, and September, total
ed with 16,500,000 bushels last year.
WHEAT: Cash wheat, particularly
milling qualities, continues in good
demand and premiums of winter
wheat were advanced 2c-3c per bushel.
Price of high grade winter wheat in
practically all markets are now above
an export basis except on the Pacific
coast. Export bids were around
Sl.39 "a for No. l hard winter wheat
delivered at gulf ports compared with
quotations of S1.51-S1.52A for ordin-
airy No. l hard winter at Fort Worth
and $1.381a-S1431a for 121a9s pro-
TEN No. hard winter at Kansas
City. In the Liverpool market No. q
hard winter wheat from the United
States for October shipment was
quoted at 81 81 compared with S1.70I
for Canadian No. l Manitoba October
and November shipment and S1.55 for
6312 pound Argentina Rosa Fe for
October to December shipment.
Soft winter wheat premiums con-
tlnued to advance but the recent high