The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1928-08-24
orUEW OF The GRAIN MARKET

spring wheat crop, was strengthen
ing factor in the wheat market.
INTENTIONS TO PLANT
Unlteds States farmers are plan-
ming to reduce their winter WHEAT
acreage this fall about 81 per cent
from that sown last season, according
to reports as of August 1 to the If
5. Department of Agriculture. An in
crease OF SO per cent in the rye acre
age to be seeded this fall is intended
The intended decrease in wheat acre.
age was reported principally in the
corn belt states and in Oklahoma and
Ixas. About the usual acreage is in
tended in the Atlantic Coast states
with a substantial increase in Mon
tana and the states west.
EUROPE
Late reports from princinal Euro
pean producing areas have been faU-
oraole and according to most recent
estimates production in 16 European
countries which produced more than
~ per cent of last years crop indi-
cate an outturn around 55 million
pushels largre than last year. Wheat
harvest mas commenced in GERMANY
with weather very favorable The
harvest is nearing completion ~
france and yields in important area e
are reported larger than exnected
Yugoslavia has produced a cron ahoOf
twice as large as last year, ACCORDING
to official estimates.
CANADA
harvesting has begun in Canada
out 1t is not expected to be general
until toward the last of the month
Cool weather WATCH threatened frost
IN canada during the week caused q
Sharp temporary advance from which
prices reacted When weather again he
came favorable. The carryover of rid
wheat In Canada is the largest ~.
record and was officially estimate
at 16,484,O bushels, which wopid ~.
dlcate that stocks oc Did wheat in
Inc principal exporting countries at
Inc Ilrst OF August were is to 20
million bushels larger than 4 wear
ago.
ARLEN INA
The area sown to wheat in Argen.
Una this season totals 2O.254 .OO(
acres, according to the pre,ininarI
estlmate. This compared with 10.
|14,OOO acres sown last year.
CASH WHEAT
Spring wheat harvesting is nov
wen underway IN the United State!
and losses from stem rust will be yer,
slight. Cash wheat was firmer Will
futures but demand was still rathe
slow for the lower grades of boil
winter anu spring wheat. Exports G
, wheat have been only about half a
, large as last year. Mills have takel
large amounts but demand has no
been sufficient to absorb current re
ceipts, particularly in the white
wheat markets and stocks at the mid
die of August totaled more than rs,
100000 bushels, which appears to b
] the largest stocks on record for tha
date. Unusually heavy stocks hav
accumulated at Kansas City ard Oma
ha. Receipts dropped off sor.ewhs
at Kansas City during the week bu
were unusually heavy at Omaha. 1'h
hard winter wheat prices were aC
vanced to cents at the> forme
market with the increase principal
) on the better grades. No. har
: winter II per cent protein was quot
ed in that market August II at 1 t
cents over the Kansas City Sci
II TENDER price of S1.05%; 121a% pre-
TEN brought Az to 712 cents over an
Is per cent protein wheat 8 to II
over the September quotation How
ever, very little of the Is per Gel
protein wheat was available. Expo
: bids were around S120 to S121 fl
No. hard winter fJo. b. the Gul
No. 2 dark hard winter 1870 prote!
was quoted at Omaha at Slip ar
No. 2 hard winter at S1.04 to $1081
depending upon protein.
| CASH SOFT WINTER WHEAT
Soft winter wheat prices advance
= more than hard winter with dema1
= urgent and offerings light. At
Louis No. soft red winter was quo
ed at S1.4O to SLAP, Cincinnati ST.;
to S1.4O, Toledo $1.40 to S1.41, al
No. 2 soft red garlicky at Baltimo
S1.3O%.
CASH SPRING WHEAT
Flour mills were active buyers
spring wheat as a result of an
creased flour demand at the low
quotations. New wheat was bel
received at Minneapolis in larger "
ume, receipts for the week bel
twice as large as for the previo
week. 13 per cents or better prote
wheat was steady and in active
mand but lower protein types we
inclined to be weaker. IL per &C
protein No. 1 dark northern was gu
ed at Minneapolis August II at &c