The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1927-10-21
REVIEW OF The GRAIN MARKET

premiums paid for soft winter at st.
HouiS attracted more wheat to that
market and premiums were reduced
ABOUT &c during the week. At the
olose OF the week, however, No. 2 red
was quoted there at $I.44-$I.45, chi
cdgo Sl3S12, Cincinnati S1.40-$1.41
ana Toledo Sl.59.
In the spring wheat markets premi-
uinS Tor choice high protein wheat
were higher while the lower grades
were weaker. IL per cent protein No.
l park Northern was being quoted at
looe-26c over the December price.
which closed CcOber IA at $1.29, an
ADVANCE OF about 12c for the week
!1igher protein was bringing increas-
IlIIgly higher premiums. Best types of
1Iontana wheat were selling from
qI.oO to S1.65 per bushel which would
compare in a general way with quo
cations of $1.49 3-8 for No. l North
ern at Winnipeg. Offerings of good
ihIillng durum were also scarce and
premiums of high protein bright lots
OF Amber durum were advanced. No
amber was quoted at Minneapolis
at &c under the zoe over the Duluth
october price and 13 per cent protein
NO. l Amber was quoted at Duluth at
premiums up to 15c over the October
price which closed October IA at
S1.21 3-8.
RYE: The rye market continued
steady, influenced by the strength in
wheat but also as a result of contin-
ued active demand both for export and
domestic trade. Prices were slightly
higher, No. rye being quoted at the
close of the week at Minneapolis at
Szc-9212c and at Chicago at 99c pei
bushel.
CORN: The improvement reported
In the corn crop during September was
confined by the October l estimate
which was increased about las, 900. 900
bushels over the September forecast
and placed the crop at 2,6O3, OOO. OOO
bushels, or about 100000 bushels
below last years harvest. The esti
mate for the corn belt is slightly larg-
er than for last year with the gains
IN the States west of the Missouri riv-
CT overbalancing the losses in the
States east of the Mississippi river
The production of corn in the southern
and southwestern States will probably
exceed that of last year, according to
present indications.
The improved prospects were the
principal weakening feature in the
market and December future prices
declined nearly &c per bushel at Chi
cago for the week ending October Ia
cash prices declined with futures but
demand was becoming more active al
the lower prices, particularly from
industries manufacturing corn pro-
ducts. At the close of the week No. 3
mixed corn was quoted at Chicago at
80 3-4c and No. yellow at $4,000.
NO. yellow sold at Kansas City at
olc-9Oc, and at Minneapolis at Sac
"a &c. No. 3 yellow was quoted at
st. Louis at 81 12c, and No. 2 yellow
at Omaha at "a Acc Corn was selling
IN country points in Nebraska at
around zoe per bushel compared with
about 9Oc month ago.
OATS: The oats market which had
been holding steady up to a few days
oSo "Sdheheu materially with the de-
cline in corn prices. Demand became
less active except for the heavyweight
oats and cash prices declined about
&c per bushel, No. white oats being
quoted at the close of the week at
Chicago at 46c-5012c and at Minnea-
polls at 43c-44 3-4c.
BARLEY: The barley market ar
ticularly for mailing grades, continued
firm Notwithstanding the decline in
corn prices. Receipts of good quality
barley were scarcely equal to the ac-
tive demand from masters and ex-
porters and price held firm. The poor
uallty of much of the corn in several
European countries is causing a con
tinuer active export demand for Unit
ed States barley suitable for mailing
Special No. 2 barley was
quoted at Milwaukee at 8Oc-S5c. and
best mailing grades at Chicago at
l4c-77c. Barley prices were also firm
In western markets, No. 8 barley be-
ing quoted at Denver at S1.5O-S1.55
per 100 pounds, which is equivalent
to 12c-7412e per bushel, No. 2 west
ern barley was quoted at Los Angeles
at about S2.0712 per 100, equivalent
to about go per bushel.