The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1927-09-09
- MARKETS DEVELOP
GRAIN WE WEAKER TONE

AN MANN ,,OA-U
.sor more favorable for har-
Eeall rrain crops in Europe togeth,
yssting graz satisfactory progress OF
the Cal .5 tbe domestic wheat market
vsaSen9tI5 s week ending September !
during .aJ a downwar trend in prices
snd .l e4rISt to the weekly { Grain Market
sccoTdlnee e y the United States Bureau
Review .,ic1Itural Economics. More
Of III 5Io weather in the corn belt
fs7o lf1r With slightly larger receipts
togs 4a markets lowered corn prices.
At d .ns l we're also lower although pri-
Va's .+inates show a further reduc-
Ta'e The the crop and much poor quail
tloa ar III e Continued dullness in export
. @t weakened the rye market.
Gsl ma. was slightly lower with other
pane rain but demand was active.
leu was slightly lower with the
fia1 ,.r !" 1 of new crop seed increas-
ny E,ronean weather was favorable
- LoTvesting throughout the week
loi tbarvesting operations made rapid
DIV rrsss Weather was also dry in
De- ysJ and while frost occurred no
0 '-;ons damage was reported and a
i &c ner cent of the crop is probably
IND ia,5 further danger from frost or
~ Private estimates now place the
ranadian crop at 30 million to 40 mil
Sor over last years harvest. Offer
w. If domestic wheat in European
-sykets we're increasing and prices
q locallv grown wheat showed a ma
sariaI decline in both France and Italy,
Jomestic wheat being quoted in Paris
a. nrices equivalent to $1.62 per bush
d At current exchange rates, and at
Milan. Italy at $1.67 per bushel. This
5scline may also reflect the general
1oor quality of the offerings. Ger
man prices were higher, domestic
wheat being quoted in Berlin at $1.81
nor bushel. The heavier movement
With lower prices in continental Euro
psaan markets were reflected in a
decline of about &c in the Liverpool
market.
WHAT: Cash demand continued
active in the United States markets
and premiums, particularly for best
milling types, held very firm and
we're advanced for certain desirable
types. Export bids for hard winter
wheat were advanced although the ex-
port trade during the week was re-
porte Of only moderate volume. No
2 hard winter was quoted in Liverpool
at ;L5e compared with S1.54 for pre-
nOu5 Argentine Darossa afIoat and
Sl.65 for No. 2 Canadian Manitoba
October and November shipments. Elk
port bids for No. l hard winter deliv.
cred at gulf were aroun lie over the
Chicago September or equivalent t.
about Sl.45l2 per bushel. Some i'm.
WOvement in the flour demand caus.
ed more active buying by mills
which were in the market particular.
y for dry, high protein wheat, 1917
protein No. 2 hard winter was quoted
at Kansas City at 16c to 18c over the
September price which closed Septem
Der at Sl.28 l-8. Eastern, as we'll a.
Central Western mills, were reported
to be taking the offerings of Mullins
wheat IN the Central Western mar
kets
SOFT winter wheat prices continued
relatively firm, particularly at St
LOUIS with country No. red sellins
al IOc-l4c over other soft white
wheat market. These sharp premium
reflect the scarcity of dry soft white.
wheat IN that territory as elevator of
Ieflngs Of No. 2 red wheat were no
meeting a very active shipping de
mand even at considerable discount
under the best grades of country shin
M1.IS No. 2 red was generally quot
e. IN that market at $1.47 compare,
S IN Sl.4O for No. 2 red at Cincinnati
Chicago. 'u Y-''O a "
Fiemlums We're irregularly higbe
III cash grain in the spring whea
MARKETS Dryness and other factor
1lleu TO widen the premiums for tn
saIlo9S protein types, some of tn
3 STs' Montana spring wheat sold a
minneapolis as high as SOC over Ser
FuOef price. Thirteen per cent nrG
VEN sold at lOc-22c over, Ia per cen
:. loc-zoc over September whic
;. ,ossu september 2 at $1.34 ga. Tn
.nplO'ed demand for flour cause
miserable buying of wheat agains
~ ''l. sales an tended to offset tn
rssLng pressure of the new Gro
ETO'elnent. Durum wheat continue
I'm 1'I: ana prices did not follow tn
Zine Zine OF other classes. Duluth Ser
' u,s'i closed practically the same 2
"seA ago. No. 1 Amber durum sol
I.4 o'- 90 over Duluth September :
S ,o.l minneapolis and Duluth. TT
fer;,o olOp Is OF rather low protein. o.
II 'Ilgs at Duluth averaging less tba
r = pen cent. The scarcity of cb Clir
~ sIlllag durum, for which there W.
m..; active demand was holding +
eis Inc emand for wheat at San Fra
WHIT. was rather dull. No. l hal
at SIo5 oelng quoted in that mark
he, 30 80 per hundred or about ST.:
Aus ouShel. No. 2 dark wheat Of I,
5rs seleS was quoted at S2.32 ner bn,
Gpbat VI Sl.59 per bushel, with recein
s PvS ana L demand active.
wbsat = The rye market declined Wi
mo i n ana also because of some sloy
1gvd N the export demand. Cash ~ =,
b both .s; was being retadiiv taken
psren tI,.ls and shippers the latter a
Prisaaa' taking rye to fill ea RVS sale +
for M =. declined aroune &c per b Sl,i9
NJ. ' J week week Gliding September 2 i i
to 6,S september 6 quotations. eE1iv ~
sol ~ ~ y 81 c per huShel No > ;,
at a., a. Chicago at 97-0?l5c. n Pcce; I