The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1927-09-30
REVIEW OF The GRAIN MARKET

The market for both wheat and rye
d~generally steady during the
week ending September "a, but corn
prices fluctuated sharply as a result
of threatened frost damage, accord
ing to the weekly Grain Market Re-
view of the United States Bureau of
Agricultural Economics. Barley and
oats prices tended upward on light
receipts and an active demand but the
flax market was weakened by increas-
ed receipts and lower foreign prices.
There was no material change in
the general wheat market situation.
The threshing of Canadian grain was
resumed after some delay by rains.
Wide spread rains in Argentina about
the middle of the week improved the
wheat prospects in that country but
reports from Australia indicate a ser
ious lack of moisture except in the
western parts. Rainy weather re-
tarded threshing in England and trade
reports indicate that an appreciable
percentage of both the wheat and rye
crop in Germany is unmillable. Liv-
erpiol prices held practically unchang-
ed during the week but native wheat
in both France and Germany declined
to S1.58 per bushel at Paris and 81. Y
at Berlin. Prices in Italy advanced
&c and native wheat was quoted at
the close of the week at Milan at
Sl81 per bushel.
WHEAT: Spring wheat in the
United States continued to move in
good volume and receipts at the prin-
cipal markets totaled about twice as
much as a year ago when the spring
wheat crop was smaller. The domes-
tic demand continued active and pre-
NUNS were we'll maintained. Export
demand was not of large volume. Is
per cent protein or better spring
wheat sold at Minneapolis at 12c to
21c over the September price for No.
L Dark Northern spring. In general
protein premiums for spring wheat
amount to about &c per bushel for
each one fourth of one per cent pro-
TEN content. September wheat clos
ed September % at Minneapolis at
,, S1.254a. Durum premiums were also
very firm for good milling qualities
and mills were active buyers of No. l
Amber at 1c to 25c over the Duluth
September price, which closed Sep
TENDER % at S1.19 3-8.
Mills were the principal buyers of
winter wheat. Protein premiums for
hard winter were well maintained
with No. 2 hardwinter 13 per cent
protein selling at Kansas City at
14c to 18c over the December price,
which closed September % at S1.24
3-8. The demand for high protein
wheat is drawing considerably spring
wheat as far south as Omaha, where
a good demand is reported from mills
in that territory. Export bids for
only about 13,500,000 bushels larger
than last year and with the material
increase in the marketings to date the
supply for the remainder of the sea-
son is not unusually large.
The quality of the crop is unusually
good and mills and exporters have
competed for the offerings. The
small supply in Europe at the begin
ming of the season, together with the
latness of this years crop and the
uncertainty as to its quality. has
caused an active demand for United
States rye. Exports increased mat
terially during the first half of Sep
TENDER and nearly as much has been
shipped out to date as for the same
period last season when the European
crop was small and large supply had
been carried over in this country. The
crop in the northern hemisphere ex-
elusive of Russia is around 100000
900 bushels larger than last year but