The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1927-09-02

-, exDort buying toward the
6o0of II tbe week ending August u
close o. the he decline in wheat prices
checked - in earlier in the week as
Flllo lnl ~ of favorable reports on the
SS LSs1 spring wheat crop, accord
Cana1i@tI5 o weekly Grain Market Re
ing " - RI tbe United States Bureau Of
view ,O, u Economics. The rye
AgTl l.ai was Independently firm with
mani, mani demand the principal strength
eAPo-' +octor Threatened frost in the
ealns beH held the market firm for
com r gC and barley and oats held
generally steady
w. weather which delayed nar-
..a, on lowered the condition Of
yssI lin cops in England and Cen
uI sFnrope was principally resp9n-
' ~. or the increased expOcE demand
shy gsb - strers thened the domestic
VIM W. market toward the close of tic
WIZ sG ond clset the weakening influ-
wen 81. continued favorable pros
guy, for Inc Canadian spring wheat
P'y IN Recent private estimates plac-
1iOt tbe Cana ian crop at around for
{. niIion to fifty million bushels
'!-rar than the official August 1 es-
. .a- barring further frost damage
. I,-;ny tbe next two weeks. The Can
- .5;a1 crop is maturing rapidly and
SaTyesting has commenced at a num-
I IL, If points in each province. Most
= tho crop is in the dough stage and
ting should become general by the
s;rst Of September. Export bids were
. a5yarced to around 91ac over the
Chicago September for No. 2 hard
infer c. i. f. Montreal. This is equiv
.lsrt 10 about S1.48 on the basis of
tbs close of the market August 26.
Tvnort bids delivered gulf ports were
round S1.48-1$481a for No. hard
Tinter. No. 2 hard winter for Octo-
ber shipment was quoted at the close
If the week in Liverpool at S1.60 per
busbel compared with $1.59 for Ar
oprtine ROsafe arrived and $1.78 for
IA 2 Canadian Manitoba afloat. Eur
opean prices were working toward
new crop basis. domestic wheat in
France being quoted at -1.75 in eGr-
many at SLIT an din Italy at $1.75
on the basis Of the current exchange.
WHEAT: Premiums for high pro-
TEN spring wheat were very firm but
low protein high moisture wheat sold
slowly Mills reported an improved
demand for flour and were active
BUYERS of good milling grades. 13
Der cent protein No. 1 Dark Northern
was quoted at Minneapolis at 7c to
16c over the Minneapolis September
and IA per cent protein at 13c to 22c
over the September which closed Aug
ust 26 at S1.37 ga. Premiums for
durum milling quality remained very
firm, No. Amber being quoted at sc
to 95c over the Duluth September,
which closed August &c at S1.33A.
Premiums for high protein hard win
ter wheat weakened but mills contin-
ued to be active buyers of good quail
y dry wheat. Wet weather in the
central west has limited the supply of,
dry grain and dry milling wheat was
being shipped into interior Kansas
where mills were unable to obtain
supplies in their own communities. 10
per cent protein No. 2 hard winter
sold at Kansas City at lac to tic over
the September price, which closed
Aug. rs at $1.301a. Damp tough
wheat sold at &c to SC discount under
dry wheat of the same protein con-
tent Elevators are buying damp
wheat and drying for export.
Soft winter wheat was relatively
ilrmer than hard winter, particularly
at st. Louis where prices advanced
ABOUT &c during the week. No. 2 red
winter being quoted at S1.47H to
Sl40. These prices are &c to 1Oc
ABOVE Cincinnati and Toledo prices
ana IN line for shipments from the
racine northwest. No. 2 soft white
was oemg offered at st. Louis from
1e Paclflc northwest at 1S.471b. The
mining demand was more active at
CMchnatl and No. 2 red winter sold
In mat market at S1.39 an adt Toledo
d Sl'66 to S1.3912. A heavy move
penI OF wheat was under way in the
racine northwest around five hundred
saIs day being received at Portland
i anu oIner northwestern terminal mar
a a'S Exporters were heavy buyers
anu Ine chartering of ocean frei0bt
sl@ee wa. reported to be the heaviest
~ record for those markets. Thresh-
Ts returns are equal to expectations
me 1-S gHuallty Is good and the crop es-
p ll.y free from smut. Export
I g.l.e wheats were quoted at Port.
. ID az Sl.S912 to $1.31. Mills report
- poor export flour business anc
we're not active buyers of wheat.
., reports from the Orient state thai
SSlIillclent native wheat is available a
;, T. ag to maintain mill operation:
81 'uaV market at about 80 per CEN
~ - capacity during September and DC
- - considerable wheat is beins
v ug.I N the interior of China which
Vim @,1n .Manchurian and North Chin;
s so are expected to care for thii
s'd pUn local requirements.
ME: Continued good export de
f i,,a''Q Tor rye advanced the marke
NJ NJ mat grain about DC during tn,
o zen Wet harvest in Germany ha
ro.,.5a prices in that market an,
ITT r;.'e IN considerable demand TO
u oinyed States rye. Receipts increas
- q. most of the markets but wit
e,s sOOu demand prevtiling from mill
D Nc ana shippers in addition to the ex
ivy FSls olylng the cash market rule
u ~ n win futures and No. 2 rye sol
o ii me close o fthe week at Minnear
= ,'s = AZ ~ g4e-95c per bushel and at ST q
C g5Dl1a at Chicago.
eo, I'm; With the weather over tn
or ,a gelt generally too cool for GOO
NV. and progress of the Gro
com cory poor to only fairly good. II
81