The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1927-05-06
,,PKETs FIRM-EXPORT
AIINNo MaET' STRENGTHEN The
N ,2c BREAD DEMANDS

.r+ demand Overbalanced
Brisk t s4pTn in domestic wheat and
crop eoLl i.ats for the week ending Ap-
re HlslAs J caused advancing prices
u 81 .5.s spu grains according to the the
f'r ineI crsin Market Review Of the
geeA!. ZEN, e of Agriculture. Good
DsPsEI s9 inquiry il for corn in the west
slPpns 81 the corn belt held mar
en- pr .bere firm but eastern inquiry
ksis NJ moderate. Oats were ir-
rss ..,o oaly higher while the scanty Of
regular! II mailing barley sold at a
teFlss s+e - advance. Top grades OF
~ met met a ready market.
i-7 WHEAT II1 World wheat markets,
l l,. by Liverpool quotations,
+ - material advance for the
.l. in spite Of generally favorable
We rsnorts from European coun-
Guy Conditions there continue bet
me- than q wear ago. Production OF
-. i. in India is placed at about
W. 100 nm 400 bushels, according to the
$3.50 -. s.timate. against 325, 100000
t ---. harvested last year. This
. ~ will leave very little for export
s 80 m+bat country. Last year net
~ -,orrs IF wheat including flour from
- we're around 100000 bushels.
IT, IT, re crop there is also slightly
blow last years figure and this may
SLIGHTLY restrict exports of wheat.
nv weather. is delaying plawing in
Agentina.
Domestic milling inquiry for wheat
,,rtinued of moderate volume althO
milling for the past few weeks has
bean slightly larger than at this time
isst year. New flour business con-
tirpei light but mills have received
fair shipping instructions on con-
trarts Conditions in the winter wheat
territory continued very favorable ac-
esriing to trade reports and some
Improvement was noted in the North
vast where a little seeding was ac-
omplished. Trade reports indicated
that wheat seeding was about 70 per
cent completed in South Dakota, a
bout 20 per cent in North Dakota and
Montana and around 80 per cent in
Minnesota. Dealers expected some
decrease in spring wheat acreage par
hcularly in North Dakota, because of
the delay. Some damage to winter
wheat was feared in Washington.
Export demand continued active in
the Southwest where bids of 11hc
over the Chicago May future were
quoted for No. hard winter wheat
on track at gulf ports. Omaha mills
were bringing in some high protein
wheat from other markets and de-
mand for best grades was fair at
Wichita. Northwestern and eastern
mills were active buyers at Kansas
City chiefly Of IA per cent protein
wheat and No. 2 hard winter IL per
cent protein was quoted at this mar
ket at 3 cents over the local May
future, which closed April 20 at S1.29
q. No. 2 hard winter 1871 per cent
protein old at 4 cents over and 10
per cent at 5 cents over.
Demand for all grades was good in
spring wheat markets and premiums
worked higher. Elevators and ship
pers were taking ordinary wheat at
Duluth while mills took best dry high
protein offerings. Top grades at Du-
luth sold up to IA cents over the Min
neapOlis May future. Premiums for
al qualities at Minneapolis where the
l,ooW lower grades showed the largest gain.
no. dark northern II per cent pro
sen sold DC to &c over the Minneapo-
is May future; 1914 per cent protein
&C .. 70 IL cents; and Is per cent &c to
nc over this option, which closed on
Apnl ~ at S1.34 3-8. Durum wheat
also advanced. Export and shipping
lemand was active at Duluth where
/ most OF the offerings grade from No.
DOWN. Milling demand for this
. wheat however, was only moderately
le.lVe. No. l Amber durum at Min
-sap0lls sold &c to lie over the Du-
" e'n May future, which closed April
= at Sl51a. No. 1 mixed durum
'',s at the May future to Sc over.
j., Soit winter wheat prices advanced
.lalply' Export bid at st. Louis
. were IN line with prices on track and
l ~. amounts Of soft wheat at Kansas
wy, were sold for shipment to the
, ,Su.llsast. Export business was re-
.oI.ed good at Cincinnati and the
'D'eu offerings at that point were