The producers news., 1927-06-24
REVIEW OF THE GRAIN MARKET

grades sold slowly. Thirteen per cent
protein No. l Dark Northern was
quoted at 7c-15c over the Minneapolis
July, which closed June II at ST az
I-0. The first car of new crop wheat
from the Southwest, grading No. 2
dark winter was received at Mime
apolls during the week. Durlno
wheat offerings were light but tbe
demand was limited and prices de-
cllned. No. / Amber sold at Dulutb
at &c over the July, which closed June
~ at Sl.5412. The Pacific coast
wheat markets were fairly steady al
though prospects of a large crop in
oregon, Washington, and Idaho cans
ed slow market at Portland. No I
hard white sold at San Francisco at
$3.50 per 100 pounds, equivalent to
Sl.4l per bushel. Milling wheat at
Los Angeles was quoted at $40
$3.50 per 100 pounds, or 81 44-Si 59
per bushel.
y: The rye market fluctuated
with wheat but prices at the close of
the week were practically the same
as at the close of the previous week.
The demand for cash grain was m1iet
and there was a very small export
demand. No. rye sold at the close
Oh the week at Minneapolis at S1.O9-
S1.10 per bushel.
CORN: Although the corn market
advanced about 66c per bushel dur
ing the week as a result of continued
cool weather and some rain in the
corn belt, receipts fell off materially
from the heavy movement of a week
or two ago. The demand, however.
IS limited and while prices of the
best grades followed the full advance
of the future market, the lower
grades were in poor demand and sold
at wider discounts. The demand from
the Pacific coast, at Omaha, and 9th
er central western markets was more
active but was only moderate from
other sections. No. 2 yellow corn at
San Frnacisco sold at S1.25-S1.26 per
bushel, at Omaha at 96h, and at st.
Louis at $1.03. No. yellow corn
sold at the close of the week at Chi
cago at 99c-$1.0015 with No. A vel
low quoted at 93c-95c.
OATS: The oats market advanced
principally because of the strength in
the corn market. While the weather
has been wet and cool the crop has
made generally favorable progress
according to trade reports. Receipts
are light and there has been some re-
duction in market stocks but the mar
ket has had very little independent
strength. No. 3 white oats were sell.
ing at the close of the week at Chi.
cago at 48c-50c, at Minneapolis al
46c-47c, and at Kansas City at 48c-
53c.
BARLEY: The barley market was
irregular. At Minneapolis the mar
ket was weaker, influenced largely
by heavier receipts. At Milwaukee
/ the market remained firm with gOoC
mailing types continuing to sell at
the highest price on the crop. On the
Pacific coast the scarcity of choice
mailing types caused an advance OF
5c-Sc per bushel. Good mailing types
were selling at the close of the week
at Minneapolis at 87c-89c, at Milwau-
kee No. 2 special was selling at 99c-
$1.01 and at Chicago at 92c-97c.
FLAX: The Flax market was rath-
er featureless with prices slightly
lower than a week ago. July flax al
Minneapolis sold at the close of the
week at S2.211a. While no official
estimates are available, trade reports
indicate that there has been some in
crease in flax acrege on land origin
ally intended for wheat. According
to the Manitoba Free Press the Can
adian acreage will be only slightly