The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1928-05-11
5FvIFV OF THE GRAIN MARKET
W.

Jerv Unsettled With
s. Hp FEhnetuetions T Taqsu %sS with Tfi
Iere. Prices mass Than Than Offsetting Early
ADVANCE ~ low.
The gram ammo meth the week ending May
lseoatnusd to be dom 5nd tbe 5ntg In
+ By weather ne the winter wheat crop
fpeice upon ooding of spring grain, ac+
d, ; u, to the weekly S Gafels bureau
Review. ol, Of Sn9 Economics. The fluc-
q Agrlcu;ls,uttSS the wheat market were
r1qsla; a. tbe week brought about u; by y, a
ary ~ iDr of dry weather IN Inc ne
OltinuaattttOaa and generally unfavora6 abe
SouthTeS' an a,D winter wheat being off
additions o1 b w a rapid decline when
g. l"' became more IdNoIdoI0 az"
esatleI n,sTkets failed to follow the
toregnl 4 Lr@l of the domestic market.
l?raTd I'd. 'F maket followed closely the
The rye II nI tbe wheat market but feed
ealges ,r q, less affected by the fluc-
galils "f n the wheat market. Gener-
t1ail22l .lSSo re- weather for planting
ally l .,owtb of the new corn crop to-
Gd gt lSo close of the week, together
FaIa . .nT falling off in demand and
With 5OlDI iorgpr offerings brought
slgnufi y recent high prices, weakened
s a. market n for that grain.
tie MATED mate statistics by trade repre-
L 1ti1ss of the winter wheat acre
aotbnondoned this spring averaged
age aG SG ner cent Of the acreage sown
'o9u. .o nj the generally accepted
anl CU'l If heavy winter killing. These
I.2o lto reports together with the poor
Pn iition at the first of May indicated
Eon a.no from 14O,0O0,000 to 17O,OOO,OOO
ss oVg below last years harvest, &C
o .,jng to these private reports. The
o sso;ai estimate of abandonment, con-
9 s.ioD and probable yield will be avail
u iIo newt week. Weather conditions
a't tho Northwest became more fav-
!. ..Hs as the week progressed and
g .riing wheat seeding was reported
,sr, srtfi completed in South Dako-
and southern Minnesota. About Is
10, cent to 80 per cent of the seeding
:. bpen done in North Dakota and
from 50 per cent to Is per cent in
Montana.
The severe fluctuations in wheat
rrees were confined principally to the
fomestic market. Liverpool prices adj
v,rced only about &c per bushel early
IN tbe week and this was followed by
decline of about 4c. Winniueg anC
BuenOs Aires prices fluctuated about
t5e same amount as Liverpool prices
QuOtatiOns on natice wheats in Eur
one we're advanced about &c in Den.
mark 6 in Italy and 10c in Germany
and France, good milling quality be
ing quoted, May 3, in Hamburg at ST.
S, Paris $1.92, Milan $2.19%, anC
Copenhagen S1.58. Quotations on Ar
ga1tne wheats in Liverpool wer,
practically unchanged, 631a pounC
Rosa Fe for May shipment being quot
ed at $780,, delivered Liverpool. No
Manitoba for June shipment wa
quoted at $1.5612, Australian and In
dian wheat for May and June ship
ment at S1.67. More favorable wealth
g conditions were reported in tn
principal European countries at clos
Of the week but semi-official report
Of Wnter-killing and abandonment O
wheat and rye in important areas O
Cemany show the largest abandon
rHt Of these grains since the 1872
cop Winter-killing of wheat range
1n S12 per cent to 7 per cent an
GEe per cent to 9 per cent, az
coFdng to these estimates.
WHEAT: The rapid fluctuation
NE future markets during the wee
restricted trading in cash grain E
9uyerS hesitated to following rapid
changing prices. Demand, howeve
Was fairly active, particularly fl
gCOd qualities of winter wheat. So.
WINTER Wheat prices advanced to a ne
agl point on the crop and held rel
lively tlrmer than other classes
N wheat at the decline. At st. Lou
Az No. red was quoted at the close
we week at 1921 per bushel, while
was only &c below quotations earli
ID lae week. At Toledo. however, so
y. su'er wheat prices declined 24c fro
we highest point reached and w
Huo.ed at the close of the market nj;
: al $2'O5-$2.O6 per bushel. Nonin
$SSS5 o; 10 at Chicago were aroul
I Isv+SZO5 per bushel. Low prote
Id, nSlu winter wheat and soft viii
Saeat lion the Pacific coast are /
nv nv used extensively in the Cent?
"esI as substitute for soft red w
XIV VI wheat Soft white wheat W
S SoJuI ~ cents cheaper than the S,
E ISu winter at s.. Louis, premiums /
1s .Sn proten nard winter wheat VIZ
t ,,uuT TI lc to &c In the principal C,
S@ western markets and at the clt
Sa. 'I'e week u per cent protein No
C Ca'c winter was quoted at Kan!
y" al SlGC-%l.66 per buShel VIII
r "aS Sc-loc over the May price.
T p% zen. vent FROZEN sold at zoe Csc oy
S1T,c,T 80 q w. t4t olent to alb
c, .'i,OL" per L4>h el. Some r
-, E Theat was reported contrac
81 ' o SHIPMENT by July 5 on the bs
Jn,' oAc to &c over the Kansas {
SIi7 price, which closed MAY a
ono 70. One cent premium for e
was [ i oIh per cent protein over 1
M SlSo provided for in tn econtr
fem hard winter 12A per cent 7
Osr h was quoted at Omaha at S.
p H. OuShel with 1917 to 111a per {
SCH Sn,i selling at $1.52 to S1.57.
L. S stag Wheat markets held gene
9a S'dSady' Receipts were small but
wSoo u was not active. High pro
Orer ~s sold at practically unchar
dsrI ewnat lower. 1870 protein N
Ninno northern spring was quoted
o. uheapOllS at 81 q - e. OF -. e