The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1927-02-04
Wheat Prices Firmer: Rye Prices
Highest on Crop: Feed Grains Firm
But Demand Lacking.


and European markets had
strengthening influence on the do
mestlc wheat market during the week
ending January goth, and prices adj
vanced lie to &c per bushel at most
markets, according to the weekly
Grain Market Review of the United
States Department of Agriculture
Export demand for rye continued in
moderate volume and prices reached
the highest point for this seasons
crop. The market for feed grains
held fairly steady but the absence of
an active demand prevented any ma
terial increases in prices.
WHEAT. Unusually light stocks
of wheat in the United Kingdom
caused an active demand for SPOT Of
ferings and wheat for quick ship
ment. Liverpool prices advanced &c
per bushel for the March delivery
and export bids for prompt shipment
: from the gulf ports advanced to
S1.49-$1. 4912 for No hard winter
delivered at the gulf. This active
foreign demand is principally for
grain for immediate shipment, as
prospects are for an increasing move
ment from the southern hemisphere.
Shipments from Argentina during the
week totaled 4,148,000 bushels. These
exports were mostly from the north
ern provinces and were of good quail
ty.
While the cash wheat market Toi-
lowed the advance in future prices
the domestic demand was rather mac
tive. Mills continued to take mod
crate volume of the receipts but with
flour demand rather dull were unwIll-
ing to pay any increased premiums.
No. hard winter 1918 per cent pro-
TEN sold at the close of the week at
Kansas City at $1.38- $780, per
bushel No 2 red winter at about
S1.34 per bushel
Good milling qualities of spring
wheat sold fairly well but poor
grades were very dull. Premiums
were unchanged with 1918 per cent
protein No. 1 Dark Northern selling
at 1c to &c over the Minneapolis May
price, which advanced 1880 and
closed January % at $1.42A. Pre-
miums for durum wheat was reduced
another SC for the higher grades
Nos and Amber selling at both
the Minneapolis and Duluth markets
at 15c to 35c over the Duluth May
which closed at SLAP 3-8.
Southern mills were buying sof
red winter wheat in moderate vol
ume. Flood conditions somewhat re
stricted delivery at Cincinnati ant
resulted in the diversion of some O
, the trade to St. Louis, where offer
! ings were in good demand. No.
! red winter was quoted at the close O
the week at st. Louis at $1.401a, Chi
+ cago $1.38-$1.39; Toledo, $1.40; an
: Cincinnati, $1.40-$1.41.
: Pacific coast markets were lie high
I er with soft and western whit
wheats selling at Portland at $1.3
4 per bushel and good milling wheat a
San Francisco at STAT per bushe
= European export demand was of yer
small volume at Portland and tner
, was practically no demand from tn
Orient. Mills were also buying lin
tied quantities because of the dull Gt
. mand for flour.
. RYE. Light receipts of rye, t.
g gether with slightly more activity
q the export demand strengthened tf
rye market and forced prices to Il
&c highest point on the crop at sewers
markets. Toward the close of IL
week, however, the market BEGAN
:, easier as a result of profit taking
4 the future markets and a lowerir
g of the bids from foreign buyers. Ii
&c export bios in the market at the cloi
20 of the week were below current gu
tations and trading was small. N
+ 2 rye was selling we'll above 81 at Il
- principal central western markets
iS the close of the week.
~ CORN. Corn prices held practi
a. ally unchanged at the close of Ii
a week. The higher prices of bre;
81 grains were a strengthening fact
q but the lack of an active demand /
n the increasing stocks prevented al
al material advance in prices. II
h. smaller 1926 corn crop was accor
or panied by large increase in carr
f. over and reduction in demand
,o that no more than the usual seaso
1S al advance in corn prices from pre-
n ent levels is expected for this sprn
anu Cd4ly SuIIlIuCI. luOGG was a Idl
on ly steady feeding demand from Z
g western part of the corn belt al
ri industries took about the usual al
If cunt from the current receipts at t
to markets. Elevators continued to
the principal buyers of the arrive
= but these purchases are increasn
u the commercial stocks and stora,
81 space is becoming limited, especial
III at Chicago. No. yellow was quo
ae ed at the close of the week at CT
~ cago at 75c to 76c per bushel;
Louis 76c to TIC; and Kansas CT
~ 1919 to 73c.
IL OATS. The oats market remain
practically unchanged. The dema
al is about sufficient for the current {
de ferings. Oats suitable for seed we
Ia bringing sharp premiums over t
n ordinary grades, which were quot
10 at from 45c to Acc for No. 8 viii
re at the principal markets.
re