The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1928-04-27

Grain Market W - I,.o
u G 6n, Following Sharp Advance
10 New High for Crop.
r.oir markets were very unsettled !
M wore susceptible than usual to
div luther and other market influences
s sls;ng the week ending April q, ac-
o uI5iIo TO the weekly grain market
Vo,aauo Of the U. S. bureau of agricul-
l I,nI economies. Prices of most
, nr.ins advanced to new high points
= tbp crop during the early part of
t n week. influenced by dry and unfa-
,n weather in the winter wheat
, WOO and BY continued cold weather
Nth Nth rain in the central and northern
o o,r of the United States p which
5oIavpd spring wheat seeding and
tbreatened another late season for
com and other spring grains. With
nrospects of rain in the southwest to-
ward the close of the week and the
f,dure of foreign markets to reflect
thp advance in the domestic grain
nrices the market weakened. Future
nrices of both wheat and corn made
Sharu declines and demand became
less urgent for cash grain.
WHEAT: Further damage to win
ter wheat threatened by the dry wea-
Their in western Kansas and Nebros-
ka and by continued cold weather in
the soft winter wheat area east of
the Mississippi river. Unreasonable
cold weather with snow throughout
the spring wheat area was greatly
11tarding farm work. Wheat seeding
is nearly finished in southern Mime
sofa and South Dakota with possibly
75% of the oats and barley in the
ground, according to trade reports.
Wheat seeding is about 500 com
pleted in the south central part OF
North Dakota and from so to IS PEI
cent done in the eastern part of tina
state and the Red River valley dis
tEictS of Minnesota.
A late spring is again in prospect il
western Canada according to a spcia
report from the agricultural editor o
the Manitoba Free Press who has jus
completed an inspection trip throug
that territory. Only very small q
mount Of seeding has been done an
TINS was mostly in southern ManitOb
whereas in normal years seedig in
general in the prairie provinces at thi
time. Very little blowing was don
last fall owing 10 the continued We
weather and late harvest but the {
mount Of summer following in a
Three provinces appeaIi liberal. Wit
favorable and warmer weather see Tin
might he started within the cou,ir
week but to date weather remains III
favorable, In Alberta cOnsiderab
wheat Is still unthTeshed and althOug
THIS wheat apeparS to be III fair
good condition it is terminating yel
poorly and farmers have been advis,
70 FULLY test their wheat intended f
seeding.
Wheat stocks in Canada at the fiji
OF April according to the official {
inmates tOtaled approximately 81
o.OO,OO bushels or about 43,500,0
man were exported during the ]
bushels more than a year ago. The
were about 13,250,00 bushels more
farms and about 30,5OO,OOO bush
more IN commercial channels. AbC
oV'VVOOO bushels of wheat are ,
available for export in Argentina,
SGSOrdIng to the April l Official estima
Inns Is about 100000 bushels i
Mliahder of the season last year. G,
uuOnS IN Europe appear to have
proved somewhat with the more
1 t.T weather recently but there
sun complaints of considerable de
age from winter killing. While
Liverpool market did not follow
,ua advance of the United States N
Nets the general situation contin
Very flrm. Prices of native whe
were quoted sc to 1Oc per bushel hi
t - !na1 week ago at the principal
f s.iO Of european markets. Quotat
1Or % pound Argentina Rosa Fe
npIiI Shipment were advanced to S
te' a. 09lShel; No. 8 Canadian Mani
" $l66l2, and Australian wheat
last half of May shipment to
pet oushel at Liverpool. Winn
RI eS at the close of the market
>" ~, were practically the sam
week ago and quotations at Blu
ms M We're only about lie to &c his
,vL lne scarcity of soft red w
t %neat forced prices of No. 2 red
Snth' 20 w well about $500 per bush
f fO1n chicago and st. Louis. On
c e% cars Of this wheat are beinI
St tmeu at the markets and stool
me- Tle are practically exhausted.
fro o'el1 hard winter wheat and v
snbst;t inc Pacific northwest are
tr ~JISVtuted for soft winter by the
w6oot western mills. Hard v
er t % prices were only slightly
pro Sipin week ago and premium
p gooS were irregular. There '
WIZ ~u mlIl demand at Kansas
few r Iz1a%o protein No. 2 hare
Ma,w was quoted at 15c to pc ov,
sold II Pf nee % Of SLASH. 1870 p
Mo G az zlc-28c premium over the
mof iuIh protein No. hard whit,
bn nSSeq at Omaha at S1.53 to ST.
Wheat wheat Cash wheat in the
the F a. markets advanced more
Nortbaosures' 1870 protein No. 1
at 90 being quoted at MINI,
pro ROY price of 81 461S, April 20.
'eih was selling a. . nrer,i