The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1928-10-05
Grain Markets Generally
Steady-Corn Firm After
Price Decline-Rye Strong.

the grain markets during the week
ending September 20 were generally
steady, influenced by a good demand
for feed grain, fair improvement in
wheat export inquiry towards the
end of the week and relatively mod
crate hedging pressure from north
western and southwestern markets
despite heavy market movement and
large wheat stocks, according to the
weekly grain market review of the
u. S. Bureau of Agricultural Eco
Monies. Although prices of wheat at
the principal markets fluctuated to
some degree during the week, the
market showed considerable stability
and the general situation was steady
After the sharp decline in the corn
market week ago prices continued
fairly firm. Oats, rye and barley
continued to maintain a firm tone
The flax market was weaker.
There was a little change in the
general wheat market situation dur.
ing the week. European markets
were firm and the movement of new
crop grain was we'll under way.
European weather conditions were
reported general ytoo dry for winter
blowing and seeding. The Argentine
wheat crop reported to cover about
one million acres more than last sea-
son is making favorable progress
The first arrivals of wheat are ex.
pected at the interior markets in that
country in about two months. CroI
conditions continued favorable in
Australia except for parts of the
eastern states where rains are need.
ed. A fair improvement in the gen
eral tone of the export news was no.
ted at the end of the week. Europe
reported less pressure from Argen-
tine offerings of old crop supplies
and as result more inquiry was di-
rected to the North American stocks
India, which ordinarily supplements
their domestic supply with purchases
of Australian wheat were reported
placing orders in Canada for No. 2
Manitoba wheat for October ship
ment. Grain shortage swere report
ed In parts of Russia, including the
Ukraine, according to trad ereports.
North American wheat markets
were featured by continued increases
in visible supplies in the United
States and Canada. Favorable wea-
Their during the past week enable Ca
madam farmers to continue market
ing their record crop in volume.
Wheat in store in the u. S. has
been steadily increasing particularly
In the spring wheat areas and stocks
were reported on Sept. % to be about
81 million bushels larger than near
that date a year ago. The Winnipeg
market held steady with cash quota
lions stronger than futures for the
week. No. Manitoba Northern
closed on Sept. % at S1.213-8 as
compared with $1.22A a week ago.
The congested situation at Duluth
Which made it necessary for much
wheat at diversion points to be rout-
ed to Minneapolis caused some weak
ness In the spring wheat markets. De-
cember wheat declined 1 5-8c for the
week. No. 1 Dark Northern was
quoted at the close of the market.
Sept. 2S, at Minneapolis at 2c-6c over
the December price of $1.14A. 1870
protein was bringing 1Oc to 15c over
and 14% 18c to 25c over. Slow de-
mand from the mills weakened the
position of dark northern grades at
Duluth and top premiums declined to
DC under week ago.
The durum situation remained nm
changed during the week with mill
ing quality in active demand. Low
grade smutty Gurum was moving
slowly. No. l amber durum, 1920
protein, at Minneapolis was quoted
at &c to lie over the Duluth Septem-
Der price of 99-7-8. 1870 protein was
being quoted at lie to zoe over anG
l4%o protein 18c to Zoe over. Good
quality Amber durum offerings were
reported scarce at Duluth and SELLING
at firm prices. Other grades, how.
ever, were in plentiful supply and the
prices were somewhat easier.
Hard winter wheat markets wer,
also steady, compared to a week age
although some decline was noted il
premiums. Kansas City millers were
reported fair buyers of better grades
but shipping demand in general wa
very poor. Some complaints hav,
been made regarding quality of offer
mgs at that market as daily receipts
included considerable low grade anC
damaged grain. Export bids No.
hard winter wheat delivered at tn,
Gulf was reported at 4Ac to Az,
over the Chicago December pric,
which closed September % at S1.1SH
to $1.18 3-S. No. hard winter fob
New York was quoted at IA 5-8c ovel
the Chicago December The range OF
protein wheat was very narrow dur
ing the week at Kansas City with 1:
per cent protein selling &c under tn,
December price of SLIP. 1212Go pro
TEN was bringing from the Decembe1
price to &c over and 1870 lie to 81
over. No. 2 hard winter wheat wa,
quoted at Omaha at from $1.O81s
$1.14, depending upon quality.
The demand for soft winter whea
was fairly active and prices wer,
generally unchanged at most mar
kets. Good quality soft winter whea
was reported scarce at st. Louis anC
was quoted 1c-2c higher. Good mill
ing quality soft red winter was quot
ed at that market at $1.45-$1.51 pc
bushel. No. red winter was sellins
at Cincinnati at $1.51h-$1.521s.
The Pacific Coast markets contin
ued firm. While some hard white,