The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1928-07-13
REVIEW OF The GRAIN MARKET

An active demand for the ron;1I- !.
mllnlshlng supplies of corn anJ 10y u
held the market firm for tboSa u oaIs
ana prices OF corn advanced "a aiiiS
cents per bushel, while cash 80 70 .
tlnued to bring unusually Iarno wi
mlums over future prices Pc pr
barley were lower with dema1d anu
u , FlaX declined rather sharnIy
uader continued favorable pro@ roo, ~
OF the crop. PiosleSS
ChOfE: European crop condition.
continued uncertain. Crons in PoIoi5
ana The Baltic countries were c+;I H. ~
an unsatisfactory condition hut $50, -,
improvement was reported in Eronao
Belgium and The Netherlands WoaTL
er was still too cool and drv in most
OF Germany and crops are bacIward
PROSPECTS Tor wheat in Roumania arc
moderately good and are ranortaJ
good In Hungary. Harvesting reno,. 1o
continued favorable from Italy while
warmer weather was improving cror
IN England. A partial crop faiIure
seemed probable in Lithuania anG
Latvla was in the market for prair
during the week. Russia was aIcc
reported short of wheat, particularII
IN the northern part, and was renort'
ed to be buying Argentine wheat ir
European markets. This had
strengthening influence upon the Iiv.
erpool market, particularly early II
the week. Prices of native wheat
were slightly lower in Germany apc
Italy but quotations on good NATIVE
milling wheat at Paris were advanceC
about &c per bushel.
CANADA: The condition of the
Canadian wheat crop continues favor,
able and trade agencies interpret
conditions in the Prairie provinces a,
indicating a crop of around 455. OOO
OUO bushels against 44O,OOO,OOO bush.
els produced last season. The outlook
IS particularly promising in Albert
with moisture ample and the crop IN,
usually clean. Satisfactory prooreS,
is reported in Saskatchewan aIthouoI
IN parts of the Southern districts tbe
crop was still showing the effects O.
uneven termination due to tht
drought earlier in the season. Whea,
was coming into head in Manitoh.
on July A and except for slight drown
ing Oh grain In the Red River VALLEY
no other damage has occurred in thi,
province.
WHEAT: Harvesting of new win
ter wheat proceeded rapidly durin.
the week in the Southeast and wa
well under way in Kansas, Nebrask;
and Missouri at the close.
Kansas heat is reported of goo,
quality and is showing higher pro
teln content than generally expecte,
by the trade. An average of about l,
per cent protein is indicated by earl,
samples. The heavier movement
caused decline of 5c-12c per bushe
IN quotations on cash grain in tn,
Central Western markets, since de
mand was only of moderate volume
Mills were taking only sufficient nev
grain for immediate needs and Their
was little export inquiry at curren
prices. The outlet for ordinary quail
ty grain was limited and discount
for heavy moisture were materiall
increased. No. 2 hard winter IL pc
cent protein was selling at Kansa
City, July 6, at 8c-11c over the Jul
price, which closed at $1.25H. 121
per cent protein was selling at 11c-14
over, and 13 per cent protein at 14c
Tic over the July. Exporters wer
bidding around lie over the Chicag
September price f. o. b. the gulf 70
new winter wheat for July shipmen
for export. Ordinary protein No.
hard winter was quoted delivere
Galveston at $1.41-$1.43 while highe
protein types were bringing 4c-9
premium over these quotations g
Fort Worth. Receipts of new whes