The producers news., 1927-11-18
PTTIET OF THE GRAIN MARKET

DuC lnefe was Che usual good demand
for the best protein types of wheat
and premiums held firm. 13 per cent
protein No. 1 Dark Northern was
quoted at Minneapolis at the close Of
the market, November 10. at 81 40
Sl.45 per bushel. Best types of Mon
tana wheat ranged S1.52-S1 81 which
would compare in a general wav with
winnipeg quotations of S140 7-8 for
No. l Northern in trat market Loss
activity in the. export demand weak
eneG the market for duulm wheat
but good milling lots were scarce and
In good demand. No. l Amber was
quoted at Minneapolis and Duluth at
9I.zU-9l.4I per bushel, depending upon
quality. NFO--
Offerings of high protein types of
hard winter wheat were light and 1917
per cent protein No. 2 hard winto1.
was quoted at Kansas Citv at 81 "a
9I.3912 per buShel at the close of the
market November 10. 13 per cent
pfoteln brought 2c-3c more. Low
sfades predominated in daily receipts
md heat damaged and musty lots sold
1T discounts of 11c-34c under Kansas
City December wheat. Soft red wheat
continued In good demand ALTHOUGH
elpts exceeded the limited demand
early IN the week at st. Louis as ?
result Of increased shipments from
indiana and Chicago. Prices of No. ?
red were lowered slightly, beino quot
/ ca at $1.4l-$1.42. No. 2 red was
/ uoted at Chicago November 10 at
9l.35 l2-S1.4012. The market for soft
winter wheat on the Pacific coast was
weak with white wheat for export
quoted at Portland at S1.2315-Sf "a
me northwestern markets are still
over supplied with damp wheat of
which 1t is difficult to dispose. Com
petition from Vancouver which is Of
Lcrmg wheat at lower prices is re-
sJflctlng new export business at Port
land. Export demand at other United
States markets was only of moderate
volume with exporters bidding around
/ @l.55-S1.36 for No. 1 hard winter de
4 livered gulf ports. No. 2 hard winter
Tor November shipment was quoted in
liverpool at S1.47 compared with
( p AZ for Argentina Rosa Fe for Janu-
/ 1V-February shipments and S1.67 for
No. l Canadian Manitoba for Novem-
( Der shipment. Australian wheat for
/ December shipment was quoted at
S1.57 per bushel in Liverpool.
RYE The rye market continued
independently firm, influenced bv the
small stocks in the markets and the
)ntlnued heavy movement into export
and consuming channels. December
rye advanced about 212c per bushel at
Chicago during the week ending No
vember 10 and cash grain was being
readily taken at 2c-3c over the Decem-
Der price.
CORN: Light receipts of old crop
grain, together with the slow move
ment Of the new crop and unfavor-
able weather over most of the corn
belt for husking and cribbing, were
strengthening factors in the corn
market during the forepart of the
week. At the close of the market
Thursday trading was rather dull as a
result Of the approaching holiday on
Friday and the desire of the trade to
await the release of the November l
official estimate. A crop of about O.
1853 100000 bushels or more than 100,-
100000 bushels over last years har-
vest was indicated November 1. The
total supply of corn, including this
seasons crop, farm stocks estimated
November l at about Ill 100000 bush
els and stocks in the principal mar
kets, is about 1855, 100000 bushels or
only about 33,000,000 bushels more
than November 1 a year ago when
farm stocks were more than 100000
600 larger. With the exception of
last year and the unusually small sup
ply on November 1, 1924, this is the
smallest supply of corn at the begin
ming of the new crop year November
1 since 1919
Receipts of new corn were still
small but the quality is improving
and receipts show a relatively small
amount of damage. At Omaha, new
crop grain grading No yellow with
1914 per cent moisture sold November
10 at TIC per bushel while old No. 2
yellow was quoted at soc per bushel.
No. yellow sold at Chicago at Soc
Sic with No. yellow bringing 85c-
85Ac
OATS: The oats market tended
higher, influenced by strength in the
corn market and light offerings OF
good quality grain. No. white oats
were selling at 45c-50c per bushel al
the principal distributing markets al
the close of the week.
BARLEY: The barley market was
quite firm and prices advanced 2c-3C
in the Central Western markets
There was a generally good demand
for all receipts but buying by export
ers was the principal feature in tht
! market. Special No. 2 barley wa'
I quoted at Milwaukee at 79c-84c; bes
] Il Il
I at 71c-73c per bushel and at Chicag'
/. at 7Sc-S2c.
FLAX: Lighter receipts, togethe
( with an active demand from crusher
( strengthened the flax market an
{ prices advanced, December flax clos
+ ing at Minneapolis November 10 a
! $2.11 ga, an advance of TIC for tn
week. Domestic prices are no'