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

cent protein at Forth Worth. Eleven |
per cent No. hard winter was quot
ed at Omaha at $1.31 bushel.
Soft winter wheat continued firm at
all markets and quotations except on
the Atlantic Seaboard and in the Pa
cific northwest were above an export
basis. The st. Louis market was still
sc to SC above other Central Western
markets and wheat was being ship
ped to the market from as far north
as Michigan and as far west as Ida
no. Idaho wheat was also being
bought to arrive at Kansas City. Mills
in the Central West are buying this
wheat to supplement the small and
inferior crop of soft red winter in that
territory. No. red winter was sell
ing at the close of the week at st.
Louis at $145 to $1.48, at Chicago
at S1.321a, at Cincinnati at $1.40, and
at Toledo at $1.38.
Demand for export wheat continued
active in the Pacific northwest. Ship
ments for August were the largest on
record at Portland and charters for
( September indicated heavier move
ment for the current month. $1.27
was being paid for western white
wheat by exporters. Milling wheats
were quoted at $1.32 to $1.33 and
western red wheat at $1.25. The prin-
cipal movement is to Europe as the
Orient is not taking much wheat at
this time. The wheat market at San
Francisco was dull with offerings
light No. l hard wheat was quoted
in that market at 81 25 per hundred,
equivalent to $1.35 per bushel.
RYE: The rye market had indie
pendent strength and at the close of
the market September 9, September
futures prices at Chicago had advanc-
ed about l ga cents for the week. I'm
favorable reports on the German CROP
were the principal strengthening fac
tors, although a more active export
demand also contributed to the adj
vance. The prospects of a smaller
, supply of feed grains this season were
, also factors and millers, shippers anC
exporters competed for the offering
in that market No. rye sold a
the close of the week at Minneapoli
at 94c-951 p per bushel and at Chicago
at 20 12-JS 81 Genus.
CORN: Warm weather which wa
favorable for the corn crop, togethe
with continued large receipts cause,
sharp decline in the corn prices. De
cember corn at Chicago reaching
s new low for the crop to date. Tn
4 crop made generally good progress
{ during August and at the first 0
. September a crop of 2,457, 100000
Il bushels was indicated. This is a
increase of about 100000 bushel
o over the August estimate. The prir
, cipal improvement took place in tn
10 central States west of the Mississippi
and in the south central States.
1t the corn belt east of the Mississippi
IS a decrease of about 100000 bushe
, was shown between August 1 an
p September 1.
is Receipts at the principal marke
4 totaled slightly over 100000 bushe
" and while demand was not urgent
Id was sufficient to absorb current o
re ferings and stocks at the marke
er showed no material increase. Ca!
s. prices declined with the futures. n
Sc 8 yellow being quoted at the close
nd the week at Chicago at $1.O11a
er S1.O21a and at st. Louis No. 2 yellc
y sold at 1903 and at Omaha at 961
as per bushel.
OATS: The oats market was al
at very firm the September estima
ID, confirming the reports of unfavC
ng able threshing returns and showed
ct reduction of about 88,000,000 bush'
d. over the August 1 estimate. A CT
TIL of 1.191 900 900 or 100000 bush
Id. smaller than last year is now indici
5er ed. There was an active demand
,er the desirable qualities but large p
le- centage of the receipts were lig
20 weight and otherwise of only t
ar quality. Stocks at the markets, no
csc ever, increased materially and repo
ent indicate that movement will soon
per come considerably smaller in the c
lily trail States. No. white oats sold
ct the close of the week at CHICAGO
be- 451ac and at MINNEAPOLIS at 44Ac
liv As "a cents per bushel
No. BARLEY: Larger receipts
for rather heavy hedging pressure eau
ov- some decline in the barley market
on Minneapolis arrivals showed gener;
as good quality and the spread betw