The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1927-09-16

Rive and Oats Higher.
Continued favorable progress of the
North American spring wheat crop /
NTH prospects of larger out-turns
tbsr were expected earlier in the sea-
.or weakened the wheat market dur
mo the week ending September 10,
areording to the weekly Grain Mar
kst Review Of the United States Bu-
raau If Agricultural Economics. Good
growing weather over a large part of
..s rom belt together with a contin-
ued heavy movement caused furth-
eT decline in corn prices. The rye
market had Independent strength
caused principally by unfavorable re
ports relative to the German rye crop
and some improvement in export de-
mand The oats market was also
higher and the flax market held
steady.
A spring wheat crop of 3O8,OOO,OOO
bushels for the United States was
indicated at the first of September,
making a total domestic crop of $751;
100000 bushels which is 100000
bushels greater than indicated Aug
US. 1, AID about 28,OOO,O00 bushels
larger than last years harvest. The
Increase in spring wheat is attribut
able for the most part to the fact that
he August weather was more favor
-''- .s07 usual for spring wheat and
ust damage less than feared month
ago While official estimates are not
JET available for the Canadian wheat
crop the weather was favorable dur
week and the crop made good pro-
gress, according to trade advices. Re
ports to date from European coun-
Tres exclusive of Russia, show a
slight Increase over last year. Trade
reports Indicate, however, that be-
cause Of unfavorable harvesting con-
0nons IN some Of these countries the
gram Is Of inferior quality which may
iedlce the effective supply.
WHEAT: In addition to the more
favorable spring wheat prospects the
movement of new crop grain was in
creased and the hedging pressure was
larry heavy in the domestic spring
wheat markets. Millers were gooC
ulyers however, and cash premiums
renamed very firm, particularly fol
1neat showing 13 per cent or more
protein. Thirteen per cent proteir
~. Dark Northern sold at the close
S u tne week at Minneapolis at 10c t
-9' over the September price, which
aOsed September 9 at S1.32 ga. Four
S Ssn percent protein sold at 16c t,
~. .os over the September and best pro
I tI Vpes of Montana wheat sold a
|sn as SOc over the September.
Larger offerings of durum whea
s9 sharp decline in premium
,oI lnls class. According to the Sep
Tlnoer l estimate the durum Gro
VIM be about 100000 bushels thi
sIaI compared with 45,0O0,0OO bush
- last year. Good milling oualit
b r,.A mgh protein was in good deman
y, premiums for No. 1 Amber wer
~ -ISeG 70 a range of lie to BIC owe
Duiuth September at Minneapoli
f ,0rlluns were slightly above thes
NJ eS at Duluth where No. 1 an
So amber sold as high as 32c owe
Al SSI :, ao which closed September
C,l4 go o-o. No l red durum We
a' $50 per bushel at Duluth.
hall "e market for hard winter whe;
vi,b s'eSdy but practically unchange
onsi;. oll,e I. of desirable millir
ia @,..y light. Premiums for the be
vane s'Gues with high protein were a
the ~ &c to &c at Kansas CITY wi
M; supply below current deman
soi5 zen = per cent No. 2 hard whit
price .. lGe to l9c over the Septemb
vator. .. Kansas City. Mills and 81
81 bon We're bidding around So
rive Win iOr No. l hard winter to q
prc., WIN &c premium over the
protein ior Wheat with 111a per &c
cent nr. ana &c premium for - \
were Ib, oIlh. Export bids. genera
ter CIV NV market prices for the b,
mp bS Sus s around S1.44 to Si45 /
cred y Tot T No. l hard winter del
hsr5 , IeAas gulf ports. some !
export At I nv. was reported sold
er the s, chicago at 10 ga cents
teaI SMIi5Tago September G + NJ,
Sl59 for .'' rs We're bidding as high