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

Grain Market TX Progress. First y, New New
T favor at wichita and Forth worm
A.foctorv progress of the
Northern h El,aatber for spring sOwn
isrorable we %e" United States and Can
IDS,ains in the o;nallv responsible for
ID we're lee4 Prone tone which prevailed in in
b domestic = tune 16, according to the
%eek ending M Market Review of the
weekly S GF4la bureau Bn,a of Agricultural
United o.1''P Prices of all grains de-
BcOno9n:l p the Chicago futures market
cIned II tive 1--WE demand for the rather
but an ac gfrings of feed grains held
United s,i CeSi generally steady for corn,
csh pIlT'56 harley. Poor prospects for
oats , ana the the market firm for that
rye helqr la w was only slightly lower
gam week eek ago. The first ga cars % Of
than q wheat arrived at Wichita,
new siOF and Fort Worth, during the
banSasii tbe first car was expected at
Kansas Gan Conditions in the American
UI Gpl,s s improved materially during
Nol'n ost fgew days, according to
the pG renoTts. Considerable areas in
tIaq 1S.i i' North Dakota and South Da-
eea.i"b however, have suffered from
Eo.a ,,rb II and the grain is thin and un-
dlous and has made but little growth.
even G,sln el are favorable in Montana,
FIo, Ip"rtbern half of North Dakota,
tls i sOntbern half of South Dakota
I,S J IN most of Minnesota, according
s q those q, reports. Crop conditions in
S y tern Canada at the first of June
, Te, generally good and better than
'. w. the same time last year, according
a. a. the Dominion Bureau of Statistics.
T NJ condition of the wheat crop was
Ila am at 100 per cent of the aver
~, aao Weld for the past 10 years, which
- officially reported at 1873 bushels
nor acre. The trade has interpreted
tHbis official report to indicate a crop
n around 400,000,000 bushels, based
rnon an estimated increase of about
s ver cent in acreage.
European crop conditions continue
n show improvement although grain
rrops in northwestern Europe are
stli a little backward. Harvesting is
now in progress in Italy and a croI
If about 257,000,000 bushels, or about
2OOOO,OOO bushels larger than any 9th
or crop ever harvested in that coun
trv. is in prospect according to the
Italian Department of Agriculture
The first preliminary estimate of thu
1928 wheat production in Tunis is II,
100000 bushels, which is more thar
50 per cent above last years produc
ton and within a little over one PEI
cent of the record crop has been dur
UNI wheat. These favorable prospects
together with the larger Italian crop
will materially affect the demand TO
American durum and bread wheats il
Italy during the coming year. Fai
crops are now expected in Germany
but dry warm weather is needed
Warm shOwery weather improved tn
outlook in France during the wee
and prospects in Russia were also i'm
proved particularly in the southern
according to trade reports.
WHEAT: The decline in futur
prices was most reflected in the cas-
wheat markets but premiums hel
practically unchanged with deman
sufficient to absorb the current re
ceipts Mills, however, were takin
only sufficient grain for their immt
date needs and were awaiting ne,
crop grain, particularly in the Soutl
em and Southwestern markets. Sol
red winter was relatively weaker tina
other classes, especially at st. Loui
where prices were lowered about 1!
per bushel and where increased coul
try offerings. we're in excess of Gu
rent requirements. except for be
quality milling wheat. No. 2 RI
winter wheat was quoted in that ma
ket at SLIT at the close of the ma
ket, June Is. Demand at Cincinna
was also limited but offerings we
very light and prices were holdir