The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1928-06-22
PFVIEV OF The GRAIN MARKET

steady at around $1.75-S1.77 for No
2 red winter. No. 2 red winto,. ~, ~.
quoted at Toledo at $1.75-$1.76, Chi
cago nomlnaliy at $1.651a. The sun
ply OF hard winter wheat of good mill
ing quality was also Injured but low
er grades were dull and the sunnIv
exceeded market needs. The first ear
OF new wheat was expected at Kansas
City, June 18, but rains have DELAYED
the rlpening of ne crop in some area
OF the Southwest. Of the first two
cars of the 1923 wheat to reach Fort
Worth one car graded No. 9 dark h. ,rd
winter, weighed 61.7 pounds. tested
IA per cent moisture with 13.S nor
cent protein and sold at S1.65 ner
bushel, basis delivered Galveston. The
other car graded No. / mixed. WEIGH
ed 62 pounds with 13 per cent mois-
ture and sold at S1.62 per busheI on
the same basis. Quotations on old
crop grain were rather irregular but
In general No. 2 hard winter II per
cent, protein was bringing 13c-2Oc ov-
er the July price at Kansas City.
which closed June Is at S1.31. 12i
per cent protein No. hard winter
was bringing 19c-26c over and Is ner
cent protein 24c-31c over the july.
Because o the limited supply of old
crop winter wheat in the Central
States the tdae is expecting an ac-
tive demand for new crop grain if If
proves of good quality.
SPRING WHEAT MARKETS wore
also firm with milling demand fairly
active. The best INQUIRY was for tbe
low protein wheat testing 11B-121a
per cent. No. Dark Northern -
per cent protein sold at Minneapolis
June 10, at 9c-14c over the July price
which closed at S1.37 SO on that date
IL per cent protein brought 21c-25C
over and IA per cent 32c-4Oc over.
DURUM MARKET was dull anc
the Duluth July price declined about
5-8c for the week, or 21ac more
than the market at Minneapolis fol
red spring. No. 1 Amber was being
quoted at both Minneapolis and Dull
nth at about the Duluth price o.
S1.251a to 25c over. The competition
of North African whaet in European
markets is apparently weakening tn,
market for United States wheat. Quo
tations on American Amber durun
were lowered about &C to S1.46%
Slate C. i. f. Genoa.
FOREIGN WHEAT MARKET:
were also lowered, July wheat at Liv
> erpool being quoted at $1.5O June L
compare dwith $1.51 June 8. Foreigl
, wheat were quoted at 4c-7c per bush
Ell weaker in that market, Unite
, States No. 2 hard winter for Jul
shipment being quoted at $1.561s, Nc
r 3 Canadian Manitoba at $1.44, 6
pound Rosafe from Argentina afloa
at SLASH, and Indian wheat for Jul
: shipment at $1.58%. Prices of nativ
= wheats in the principal Europea
! countries were lowered 2c-20c pc
r bushel, good milling quality whea
being quoted at Hamburg at $1.76A
! Paris $3.50, Milan $2.O2h, and Cor
. enhagen $1.53A.
k CORN: Good growing weather thru
/ out most of the corn belt gave tn
l, corn market a decidedly weaker ton,
particularly for new crop deliver,
e December corn at Chicago going bt
h low 85c per bushel at one time durin
d the week. The cash market howeve
d continued firm although current n
) ceipts were nearly equal to trade n
q quirements and market stocks wel
: not materially reduced. There was
w good demand from the Central, Eas
l. ern and Southern states from feeder
# and industries and prices at the clio;
N of the week were but little lower thu
s. a week ago, No. yellow being quote
SC at Chicago at $1.02A -$1.03, Kans;
n CITY S1.00-S101, Omaha CSC, and CT
r cinnati $1.06-$1.07.
st RYE: Continued poor prospects f
I'd rye, together with the limited supp
r considering the probable European +
r ouirements during the remainder
I'll the season, gave the rye market ind
re pendent strength and the Minneapo
10 market held unchanged during t