The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1927-05-20

| Crop Below Last Year Indicated:
Market Steady.
Continued delay in the preparation
of the ground and in the planting of
the new corn crop, together with light
receipts, caused a further sharp adj
vance in corn prices during the week
ending May IA, according to the
weekly Grain Market Review of the
United States Department of Agri-
culture Oats and other feed grains
were also firm, particularly barley,
receipts of which were below market
requirements. A winter wheat crop
materially below last year was indi-
Gated in the May / estimate but in
creased stocks of old grain will prob
ably bring the supply near that of
last year. The market remains firm
as European demand continues to alb
sorb the heavy export movement
from the principal exporting coun-
tries.
WHEAT: According to the Depart
ment's May l estimate less than the
average abandonment has occurred in
winter wheat this year and the acre
age to be harvested will be about L.
100000 acres more than last year.
The condition was $3.50 of normal
which is nearly 2 points above the av-
erage for the past 10 years on May
1 and indicates a crop of about 1884,
100000 bushels, or about 100000
bushels less than was produced last
year. The principal decrease is in
the soft winter wheat States and
present conditions point to a reduc-
ton of nearly 40,000,00O bushels in
the crop of soft winter wheat. A re-
duction of about 100000 bushels is
indicated in the principal hard winter
: wheat States but this reduction in the
Central West is somewhat offset by
an increase of around 100000 bush
els on the west coast.
The foreign wheat market situation
also continues firm. The current
heavy receipts in European markets
are being readily absorbed directly
> into consuming channels with no ma
terial increase in port stocks and
substantial supplies apparently will
}, continue to be wanted for the remain
der of the present season, which may
+ be somewhat extended by a labor
harvest In the northern hemisphere
h this year. The delayed seeding OF
spring wheat in the United State,
and Canada with somewhat unfavor
. able seeding conditions for winter
cereals in Argentina and Australia
have contributed to the firm tone oil
the market. Indications for the Eur
p opean crop this season so far alsC
point to only an average or slightly
q better crop than was produced las
season. Supplies in the principal ex
porting countries, however, appea
v adequate and over 100,00O,OOO bush
p els more than were taken during tn,
remainder of the season last year re
! manned for export in North America
: Australia and Argentina on Nav
: Prices In the cash markets hell
generally firm but the demand boil
Il from mills and exporters was slight,
: less active. There were a few bid
for old No. 1 hard winter wheat a
= around $1.51h delivered at gul
il ports. At about $1.52 was being bi,
for new crop No. 2 hard winter whea
l. for the last half of July shipment
q NO z hard winter wheat was bein,
quoted in Liverpool at the close O
m the week at $1.61 per bushel compar
ed with SLIGO per bushel for 90 poun
II Barusso Argentina. High protein
wheat was in best demand at Kansa
re City and Ia per cent protein har
winter wheat was quoted at 51a to 6
e over the May price, which closed Ma
: Is at $1.35A.
There was a better demand for sof
h winter wheat at most markets. Nc
2 red winter was selling at s1.42
10 SLAB at st. Louis and Chicago.
The higher protein offerings O
is spring wheat were also in demand q
an advance of lie to &c per bushel owe
If the previous weeks quotations, 10 ne
cent protein No. l Dark Norther
&c spring being quoted at Minneapoli
a. at &c to 13c over the Minneapoli
May, which closed May Is at S1.S
a. 5-S. The demand for durum whes
W was less active and premiums wei
further reduced although future price
D. made some advances. No. l Ambe
W durum was quoted at Minneapolis
to &c to &c over the Duluth MAY, whic
closed at $1.58.
p Pacific coast markets also conti1
~ ued firm. The first new crop whe:
arrived at Los Angeles during ii
n week. 1t graded No. soft white an
IN was quoted at $3.50 per 100 pound
Old hard white wheat was selling
r. that market at $2.7O. Good millin
wheat was scarce at San Francist
be and was quoted at $3.50 per hundrt
pounds. There was a good demand
to Portland both from millers and e.
porters. Big Bend milling wheat W;
n very scarce and mills were payir
at Sl.57-1.58 per bushel for desirab
qualities. White wheats for expo
let were quoted at about S151. Son
at purchases of new crop wheat we
reported with bids ranging from 81.
100 -$1.36.
RYE: The rye market continu