The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1928-03-30
REVIEW OF The GRAIN MARKET

from Ohio and Indiana indicate that
considerably more wheat than usual IS
DeIng plowed up and the ground seed
ed to oats and barley. A choice car
OF No. l red winter sold as high as
$3.50 per bushel at st. Louis during
the week. No. red was quoted Of
chicago at S1.62, Cincinnati S1.69 to
S1.lO and Toledo at $1.66 to S1.67.
Soft winter wheat mills are having
difficulty in meeting the competitions
OF hard winter wheat mills in sales
OF flour because of the high prices of
soft red wheat and are limiting their
purchases to immediate needs.
Protein premiums for hard winter
wheat remained firm and mills were
taking readily the offerings of good
milling wheat. Considerable low pro-
TEN wheat was going from Omaha
ana Kansas City to CHICAGO to fill
March contracts, according to trade
reports. IL pc cent potein No. 2 had
Wlnte was selling at aKnsas City at
the close of the market, March %. at
about S1.4O-S1.45 per bushel and 13
per cent protein at $1.5O to S1.56 or
~ to 70 cents over the Nav price.
Practically no had winter wheat is 90
ing TO export at this time. There was
no outstanding feature in the cash
market for spring wheat and premi-
ums were held steady. No. 1 dark
northern II per cent protein was quot
ed at Minneapolis at S141% to $1.45
"A and Upper cent protein at S1.59 to
Sl.o3%. The durum wheat market
weakened toward the close of the
week and demand, particularly for the
lower grades, was slow. No. Am
Der sold at $1.30 to $1.38 at the close
of the week at Minneapolis and S1.3O
to S1.55 at Duluth.
The Pacific coast markets continued
very firm with demand active both
from feeders and mills. No. 1 hard
white wheat in bulk was quoted at
San Francisco at $3.50 per 100 pounds
but some sales of sacked wheat were
made at slightly higher prices. Good
quality milling wheat sacked sold at
Los Angeles at $2.65 and feed wheat
sacked at about $2.45 per 100 pounds.
RYE: The rye market advanced
sharply early in the week but demand
fell off at the higher prices which
brought about decline to about the
same price as a week ago. With for
elgn requirements for rye still large
and relatively small supplies in other
exporting countries, prospects for a
continued good export demand for u.
S. rye have not been lessened, Re-
ceipts of rye at most markets and
stocks in commercial channels total
only little over Az million bushels.
No. rye was quoted at the close of
the week at Chicago at $1.201s and
at Minneapolis at $1.13 to $1.15 1-8
pc rbushel. Export bids for No. 2
western rye were around $1.34 5-8 fob
New York.
CORN: With milder weather thru
. out the country generally and pros.
poets of early pasturage in some sec.
tions, the demand for corn became less
> urgent toward the close of the weel
! and the sharp upward trend which ha:
prevailed in the corn market durins
q the past ten days has apparentl!
checked. The press of farm work ha!
curtailed marketings but the suppl!
/; at the markets is relatively large be
ing but little smaller than a year a~o
Planting of the new crop has advance
W
: The advance in prices which too
e place early in tn eweek was about of
7 set by the decline toward the close an
Il the better grades were being quote
e about tn esame as a week ago. Light
y er receipts at Chicago, however, re
y duced the discounts on the lowe
q grades. No. 3 yellow was selling i
8 that market, March %, at 99Ac t
% $1,000, No. yellow at 95c to 9S1s
e and No. 6 yellow at Ole to &c. No.
y mixed was quoted at SO cents pc
~ bushel. Shipping demand at Kansa
Is City was less active, partly becaus
u of the recent advance in prices but a
&c so because buyers immediate require
1t ments had been filled. Eporxt bid
were also reduced, being around $40
ID fob. track at gulf ports. The dc
in mand for sacked corn at Cincinna
g continues unusually large but earl
If pastures are epectxed to cutrail thi
re buying in the near future.
er OATS: The oats market fluctuate
1885, aeseu. -. - akssssaas sssassk 80