The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1928-02-24

u oc+ive demand lOT corn
4 contIhuosouoJ nrices of No. ) yellow
to 500 .P5e sdf Dg7t feature in the grain ran
the outs i'lring the week ending Fe3-
market duIln assrd i to the Weekly
Grain 4 P'1reau of Agricultural Econ
states p SroaiIer shipments of wheat
onics. oiI snntbern hemisphere, to-
rom the NTH active buying by domestic TIC
gethsT -%.rIosnnrthened the wheat market
nils s.ied7 moderate advance IN
and cal I,So markets for other grains
price. IH materially changed but the
we're 1I' in corn and wheat tended 70
:Ieng, l;. q, firm for rye, oats and
barley .,r.I wheat market situation
The st1a1@5tbered somewhat by the
va, SuI ff in the movement from the
ta.I1 5s, ~ hemisphere total shipments pm 6d6
southern reek being nearly 3,OOO,O COO
for IN, NE smaller than last week. The
bushels t,@sntine shipments this sea
heavy ?.- ai 5een largely offset by small
'ol 9 9;aroe g from Australia and to-
eF 'l l;ppmonts from the Southern hem
tai ,-rp' since the first of January
.PasI55 een only about 100000 bush
'a'5 r D,t than a year ago. Based
els gre estimates of the supply
uy aob tG in those countries this sea-
a'1liq however, and trade reports OF
'9 s;,,, ,g to date the amount still
,l l?aablp for export from Argentine
sS va australia is nearly 5O,OOO,OOC
S s.g smaller than at this time last
yu a.on This situation, together WITH
%o osYt reports of less favorable croI
s soJitior in Germany and France, has
y,ou effected in an advance of about
. S' .orts per bushel in Liverpool price
:, Prices of native wheats in Eur.
' .n, advanced 2 to 3 cents per bushe
W. WI Argentine and Canadian wheatS
we're 1 quoted about &c per bushel high.
~ tban a week ago at Liverpool.
WHEAT: While the ti1mness il
as foreign markets tended tt
strengthen the domestic wheat marke
GOOD milling demand for most class
3, Of wheat was also an important
strengthening factor as practically n;
United States wheat was being take1
for export. Protein premiums ranged
from unchanged to slightly higher
Very little high protein wheat was be
ng received in the spring wheat mar
kets and only an occasional car grad
ed above 1870 protein at Minneapolis
l2c protein No. dark northern wa
quoted in that market at &c to ID,
over the May price, which closed Feb
mary II at $1.27. 1870 protein bro
&c to 32c over the May while hes
protein types of No. hard spring
from Montana wree quoted at SIG,
to $l72 Premiums for durum whea
held practically unchanged with No.
amber quoted at $1.25 to $1.51 at Min
neapOlS and Duluth.
The supply of high protein har,
winter wheat was hardly equal to cur
rent demand and premiums were ad
aMCed slightly, 1870 No. 2 hard whit
er being quoted at Kansas City at 10
to 26c over the May price of $1.251a
Interior mills were the principal buy
els Of hard winter wheat at practical
ly all markets. No. 2 hard winter /
per cent protein was quoted at Oman
at SlS1.
A continued good milling deman
iof soft winter wheat held the price
linn Tor that class of wheat. No.
Tea winter was quoted at st. Loui
a. SI'O0 to S1.57 and at Cincinnati a
sl'00' Soft winter wheats were ais
Iimer IN the Pacific northwest. Whit
y, for export were quoted 2
NEO2 at Portland with western re
S!ng at around $1.231a. Thes
preS were somewhat out of line fc
@poTt, except in limited amounts /
ne Vnent and demand was practica
" all from local mills.
COkN: Receipts of corn at Il
pl9cipal markets were only about or
/. .' ... Of those of the previous week &
result Of bad road conditions. D,
; %alIu continued active at all of Il
99lpT nt markets. At Chicago N
yellow sold February Is as high ,
m ~. per buShel while No. 2 brougl
r.s cent more. Discounts for low,
S'aueS were narrowed and all offe
T Tss we were readily taken. Industri
v vSit 'ne principal buyers at st. Lou
o r4re elevators took the bulk of Il
m.a1 at Omaha where feeding d
r msnd was less active. There was
envy MY broad SrOad demand at Kansas Cit
s,s a from that market going to wi,
es saS In the eastern and southe
SS S;ts Export buying became We
H. Yea at the higher prices and
c,tio UOSe OF the week there were inc
msS t;S OF some abatement in the d
tons ' %Suying at the higher quot
at '' ~. No. 3 yellow corn was QUOT
Il ~ C SIGse of the market Februa
Ioui%" ON SsIIicagO at 99c to S1.OO
n 20 SST So1s to 961s cents. Omaha 8
FyO O"-sG i! and Kansas City 88c to 9
S9S Sit oldS were equivalent to abe
GGlf Ports. Oeii'ereo on track
until SIt =: The rye market was d
when , S" the close of the we
ened t IU'ne export inquiry streng
sipSt me ne market and prices made
at The s S cTNc No. 2 rye was quo
lis AZ q SIC Hs Of the week at Minnea,
silk Luz to $1.O6 and at Chicago
/ ai SbalS; ,., The oats market m,
Strength alns' influenced bv
er, the .; =, corn In general, how
chaDo 1e situation was not mater;s
reached t Except in Texas where pri
asa TesI SRe highest point of the y v
Ted oat SulI OF good demand. NJ
comm r,S Were quoted delivered Te
Whit 8 red at Sc to 6S cents e "OS
CSity at 81 S"t Is were We quoted at Kan
s. cents ~ ~ 70 56 cents, Chicago &
cents. ''S and Minneapolis i 5S1ss to 8 :
,, SssI 55S:. The bsrle, market
SIand fr rmuer continued good