The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1928-01-20
REVIEW OF The GRAIN MARKET

The distribution has been reflected
in the seasons prices. At the close OF
the week No. yellow corn was quot
ed at Chicago at 8812 cents per bush
ell compared with 70 to 70 cents a
year ago. No. yellow corn was sell
ing at Kansas City at the close of
the week at 81 to 831a cents compar-
ed with 1872 to 1914 cents year ago,
while at Omaha No. 3 yellow corn was
quoted at 81 cents at the close of the
week compared with II cents at the
corresponding date last season.
The short crop in the eastern corn
belt states is causing an active de-
mand from feeders and industries III
that territory and corn from the west
ern markets is moving eastward in
much larger quantities this season.
Considerable corn is moving direct
from Nebraska to Iowa points and
from both Kansas and Nebraska to
interior points in Ohio, Indiana and
Illinois.
OATS: The oats market continued
firm with a good demand for good
quality grain. Supplies of red oats
in the southwest are becoming ex-
hausted which is creating an increas-
ed demand for oats in the central
western states. At Minneapolis heavy
weight oats are bringing unusually
high premiums. A few cars of extra
heavy grain sold during the week in
that market at IS cents per bushel.
SO pound oats were selling as high as
20 cents over the May price while or
binary No. white oats were quoted
at 81 cents to 1914 cents. This com
; pares with quotations of 50 to Sc
/ cents at Chicago and Kansas City.
! RYE: The rye market held steady
+ influenced principally by the strength
: in the wheat market. No. 2 rye solo
at Minneapolis at $1.01 to $1.02 al
J the close of the week.
BARLEY: The barley market rul
ed slightly lower at Minneapolis anC
2 Milwaukee but prices were slightly
. advanced at Chicago where there wa!
! an active demand for mailing grades
4 Mailing grades were also readily ia
4 ken at the other markets but feeding
9 qualities were rather slow sale attic
. daily offerings were generally wei
: cleaned up during the days trading
Best mailing grades were quoted a
:. the close of the week at Minneapolis
q at "a to SO cents and at Chicago a
! 80 to SO cents Special No. 2 wa
y quoted at Milwaukee at 80 to 90 an,
y at Omaha at SO cents per bushel
y - Good quality barley suitable for pearl
= ing sold at SO to 81 cents at Chicag,
= while feed grades were quoted in tina
y market at IS to 80 cents and at Min
= neapolis at rs to so cents.
FLAX: Continued light receipts
= together with an active demand fror
:, crushers and higher quotations 70
,, Argentine flax advanced the domesti
! flax market about 21a cents at Mime
= apolis. Cash flax prices were ais
= advanced, spot No. seed selling a
- Minneapolis at $2.17 to 1925 and a
~ Duluth at $2.l5 to 1928 per bushe
III Elevators at Duluth were paying goo
u premiums for ordinary quality an
III heavy dockage cars of flax. BuenC
&c Aires prices advanced 3 to cent
- seed for February shipment being {
"a $1.63A and for March shipment {
AZ $1.64 3-S. This would be equivaler
O. to about 1922 elf. New York. d.
- nestle flax based on Duluth Ma
Is could be delivered New York at abol
p $2.3O%. About 261,0OO bushels
IL Argentine flax was reported shippe
an to the United States during the wee
ne out of total shipments of 1,173,OC
r bushels. Visible stocks were increa
llg ed to 100000 bushels in Argentir
10 at the close of the week