The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1928-08-03
REVIEW OF The GRAIN MARKET

over; and 1870, 16c to Zoe over. 1870
protein No. l hard winter was quoted
at Omaha at S120 and 1196 protein
No. 2 hard winter at $112h-S1.1
Much of the lower protein wheat was
being shipped to soft winter wheat
mills to supplement the supply of soft
WEeat.
CASH SOFT WINTER
The soft winter wheat market did
not follow the uecline of hard winter
wheat because Of In. tel supply but
quotations were 4c to SC lower at st.
l. .lIis where no 2 red winter was
quoted at $1.47-$1.48. There was an
urgent demand at Cincinnati where re-
ceipts of new wheat were very small.
Prices were advanced 2c-3c with new
Early arrivals showed considerable
moisture, garlic and smut. New No.
2 red winter was quoted at Toledo ST.
IA to $1.45 with old wheat selling
about 10c premium over these prices.
A large percentage of the receipts
at Chicago were consigned direct to
mills and elevators but No. 2 red win
ter was quoted nominally $1.40; No.
at $1.331a; while No. hard winter
was quoted $1.221A-$1.2412 and No.
8 $1.22.
CASH SPRING WHEAT
There was active competition for
the light receipts of old crop spring
wheat at Minneapolis, particularly for
the better protein types. 1870 pro-
ten No. 1 Dark Northern was quoted
in the market at Belle over the
Minneapolis September price at $1.28-
3-8 1870 was selling at 27c-32c ov-
er;and 14%o, 37c-41c over, a decline
of about &c for the week. Prices al
Winnipeg declined 4c-5c with No.
Manitoba quoted $123 and No. 8 Man.
itoba $1.13 per bushel. Large guam.
titles of low grade wheat were being
offered and export sales indicated {
fairly large taking of those grades Of
wheat.
PACIFIC COAST MARKETS
Pacific coast makets were alst
weak although export demand a
Portland was more active and sale
of about $4,000 tons were reporte,
sold to the United Kingdom Receipt
at terminal markets were larger AM
about double those of a year age
White wheat quoted at Portland $1.2
S1.26 per bushel. Demand was yer,
dull at San Francisco both for mill
pressing sales. No. 2 hard whit
ives quoted at 1920 per 100 pounds o
S1.32 per bushel at San francisco
, Idaho No. 2 hard white in bulk wa
: being quoted S2.05 per 100 or S1.2
per bushel. Receipts totalled 2,3O
tons. Trading was very slow at Lo
Angeles where No. California Sc
) nora wheat, sacked, was quoted $2.2
} per 100, or $1.35 per bushel. No,
I hard winter wheat from Idaho in bull
was quoted $205 per 100, or S1.21 pc
/ bushel.
= There were no new developments
: the rye market but demand was du
!. and prices declined with wheat. Ry
e harvesting is making favorable PR
a gress in Germany and while no statl
tics of acreage or production are ;
valuable the unusually heavy wint'
t killing and poor condition reporte
early in the season an outrun belo
0 that of last year. If harvestln
V weather is favorable, however, al
t the crop is secured in good conditiC
: the affective milling supply may NJ
8 be less than last season when lars
e part of the crop was unfit for millin
e No. 2 rye Yves quoted at the close
the week at Minneapolis S1.O1-S1.'
7-8 and at Chicago $1.04 per bush'
v No. 2 rye for export quoted at 81.
st 7-8 f. o. b. New York.
Sc CORN
The corn market continued firm a.
showed but little change from we
er ago. The crop made good grow
IS practically everywhere in the ms
10 producing areas and condition i
m proved in sections where it has be
4 too wet for cultivation recently. I
m crop is now tasseling generally w
n some silking we'll toward the mort
re ern sections of the country. The {
a tive demand for the rapidly deere;
lg ing supply of old corn, however, "
tx sufficient to offset the weakening
as fluence CT the favorable crop pr,
er poets and the market held steady.
" 3 yellow was quoted at the close
n the market, July 81, at Chicago
ba S1.O8 to S1.O91a and No. 2 yellow
MT S1.1OA to S1.11%. No. 3 yellow "
er Quoted at Kansas City at 99c to
he No. 2 and No. 8 yellow at Omaha
IN 99c and No. 2 yellow at st. Louis
ng $1.O5 to $1.051A.
nd. OATS
i'd The oats market tended shar
lrd downward with recent high premiu
:he on old crop grain greatly reduC
Ia; Harvesting of the. new crop is p
ISc crossing but offerings OF new gra