The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1928-08-17

Market Sharply LOWer-PrOs-
Gram Increased Supply as Re-
pee'ift Favorable Weather Weak
eniag Factor
Grain market made further
Inc 55acIines during the week end
shan, ,' " ii influenced principally
ing ~ I've nrospect OF a materially IN
b! ~ supply of wheat and iced
cree cree This season, according to the
gran gram. oIain market review of the
We[MiR 1Tfau of Agricultural EGonOm-
I. . Nth crop of winter wheat
lGS' - 100000 bushels larger than
ao2 . .o9son now practically assured
l"'5 ,,,itb the largest crop of durum
aLu IN prospect since 1922 and a
W. VIM If ,pIing wheat other than dur
clop oIn7ost as Large as last season in
u 1il.t ed by the August l report, the
u u MAJ ket declined around SC per
W., WI Prospects of a Canadian crop
wi abevp last season and generally
sH.,ar9bIe reports from European pro-
I,,.;ro, counties were also weakening
49, eo1+o}s and tended to limit the de-
90 90 far United States wheat. I'm
.-,oIrr favorable weather during Ju-
=. ;n,nraved prospects for feed grains
ar5 . supplv of about POO above last
saason Is now in prospect. Around
250 million bushels more corn, $50
-,,iIlion bushels more oats and so mil
lion r,oes barley were in prospect at
+be first Of August than a year ago.
CANADA
Trade reports nom the Canadian
northwest indicate an outlurn of
snring wheat well above last season,
The condition Of the spring wheat
CROP was officially estimated, August
1 al 1919 Of the ten year average
Weld compared with a condition OF
i05cl AUGUST /, 1927. Weather in
Canada during the past month has
bpen favorable for the maturing OF
the crop according to the Manitoba
Free Press and very little damage has
occurred to date. Some foss damage
was reported in northwest SaSkatch
evan and hail has done considerable
injury in some sections. Rus is t.
he found in many districts 0f southern
Manitoba and Saskatchewan but bar
vest is SO near at hand that 10 dam
ace from this source Is exp -cted.
The wheat harvest has commenced
but it is not expected to be genera
in Manitoba until August 1920 anc
in Alberta and Saskatche van unit
August % to &c.
EUROPE
Weather conditions were more ia
vorable in Europe during the week &C
cordng to trade repOts. Rye harvest
inc has progressed in Germany an
wheat harvesting was we'll under wa
in France. Production in II Europe
an countries representing about 500
of last years European crop, exclu
sive of Russia, is estimated to be g.
100000 bushels larger than las tsea
son. Early samples of new whea
from France. Hungary and Yugoslav
ia are showing good quality. Thes
favorable conditions in Europe hav
been reflected in declining prices
native wheats. At the close of tn
week native wheat was quoted g
Hamburg at S160h. Paris S1.64a
and at Milan S170%.
CASH WHEAT
Cash wheat markets generally fO
lowed the decline in future prices an
were &c to 10c lower Of the close {
the week compared with a year ago.
CASH HARD WINTER WHEAT
The heavy movement in the soutl
western markets has fallen off som
what, however, except at Omaha az
trade reports indicate that sprir
wheat growers are not offering FIRE
ly at the lower quotations. Ordina1
No 2 hard winter declined to a poi
below a dollar per bushel at Kans
CITY for the first time in five Veal
Mill demand was less urgent IN til
market aid outside inquiry was al
rather slow. A considerable amou
of the offerings are of damp a.
bleached wheat which is selling
heavy discounts and is being tax
principally for storage. No. 2 ha
winter, 12T protein. was quoted
&c to &c over the Kansas City Sc
TENDER price, which closed August