The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1928-04-13
REVIEW OF THE GRAIN MARKET

ding. White wheat was quoted 4,
Portland at around $l.44 to 81 Ak nor
bushel on April 5. No. 2 red winter
was quoted at st. Louis at 1882 Kan
sas City $l.75, Cincinnati 81 1881 90
Toledo $l.74 e -$l.751a and Chicago AT
$1.70. ~
Cash grain continued very firm in
the spring wheatmarkets. OFFERINGS
OF good milling quality were limited
About half the receipts at Minneapolis
consisted of durum or low grades of
red spring wheat. Premiums for bet-
ter grades were slightly advanced IL
per cent protein bringing zoe to 35c
over the May price of $l.355-8. 14eo
protein sold from SOC to SOC over MAY
The durum market held steady for
good milling durum, but weakened for
the medium quality grain, of which
receipts were liberal. No. / amber
was quoted April at Minneapolis at
$l.3O to $l.57 per bushel and Duluth
at practically the same price. The Du.
lulh harbor was reported to be omen
ing and boats were being shifted to
elevators for early loading.
RYE: The rye market was indie
pendently firm, influenced by a reviv-
al OF export demand principally from
J Germany and unfavorable European
crop reports. Rye for export was
/ quoted at the close of the week at
| New York at $l36 7-8. No. 2 rye sold
! April at Minneapolis at Sl.14-SI15
and at Chicago at $1.20h. Demand
at Minneapolis was weaker than at
other markets with less competition
between mill buyers and others than
recently.
CORN: The corn market weakened
mateli tally during the week and ntices
declined &c to dc per bushel. Less ac-
1--WE demand ftom domestic buyers, to-
gether with practically no export in
curry was a weakening factor in the
market. Stocks in the markets are
talrly large and efforts of elevator in
tetests to dispose of supplies We're re-
ported to be meeting with indifferent
demand. Planting has become gener-
al as far north as southern Oklahoma
and central Georgia In the western
Gull area stands of early corn are
Veiy good but the weather has beet
rather unfavorable for growth. Re.
celpts have become smaller with the
increase In spring work on farms but
oIIeflng at the principal markets were
easily adequate for current demand
NO. yellow corn was quoted at Chi
cago at 961s -$l.O0, st. Louis 96h &c
% 1sc, Kansas City 81 lac to 93c. Ship
ments from the principal market,
were reported to be largely on ole
! contracts and current sales were of !
limited volume. The harvesting o.
! new crop alfalfa, together with th,
approaching barley harvest in south
' ern California lowered prices of fee,
! grains in the Pacific coast market,
} and restricted the demand for corn il
JnaE area.
OATS: Oats were weaker witt
t corn, influenced also by generally ia
= vorable growing conditions for the re
n Gently seeded crop. Stocks in stor
2 are much lower than a year ago bu
s cash demand was of only moderat
volume. Quotations were lie to 2
e lower than a week ago, No. whit
S selling at Chicago at SIC to 6Ohe
n Minneapolis sac to sec and Kansa
e City SOC to Coo.
j. BARLEY: The barley market de
r clined lc to &c, influenced by lowe
> corn prices ard some slowing up /
It the demand for both mailing and fee
o barley. Prospects Of a material In
e crease in acreage in barley, particu
e larly where wheat is being plowed vi
Is were also a weakening factor, Spt
l. cial No, 2 barley was quoted at Mi