The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1928-11-30
MARKET STEADY. FEED
RHbA,IrN ms HIGHER ON LIGHT
OOrrERINGS.

GRAINS Ili0 A--
OFFERINGS
,,boat market ruled generally /
the With most milling grades in
stead! ,,,,and during the week endi
goOd, ,uu,Tnnmber "a, while feed grains
ing NSiGber. principally as result
yer. ItS offerings, according to the
Of ngi' rain market review Of the U.
Te week! of Agricultural Economics.
S bu.1j;s were higher early in the
Com P P[tt larger offerings toward the
week o~ result Of more favorable
dosff, az for marketing checked the
Fea'noa Limited offerings of oats
adydIbro r1ev we're readily taken at
and l., 70 rrices. Farmers in the north
Seau! states were reported to be
cen II:nc large amounts of these
gIlnyl"3} For feed because of the rela-
gram biob prices of mill feeds.
tyeS or 90 were no important changes
I IEa world market situation and
u ur ,C quotations for wheat for
BN.,lp,bor delivery held practically I'M
pec smeJ throughout the week. The
enans Of Canadian wheat declined,
PREF the record movement and
T enJs in that country. No. Mani
s sEo northern closed Nov. % at
t =, ,oE ~ a decline of 4Ac for the
ali. ali, New Argentine wheat was
1':ar quoted in Liverpool at $1.33 per
oeI Lol compared with quotations of
e .1 90 g for U. S. No. 2 hard winter
~ t41l2 for No. 3 Manitoba. The
T SIo estimates of European require
Il ants were increased somewhat but
I Ioats in commercial channels, as in
s aooted by the worlds visible supply
ficr estimated Nov. % at 424 ,OOO,-
an bushels, are the largest on record
gov This date with the exception of the
~, year of 1918 when these stocks
.r a- reported at 490,000,000 bushels
The 1917 stocks, however, included
i in 1S0.COO,O0O bushels in the south
sm hemisphere, principally in Aus
tralia. stocks in these countries a
Urasent total only about 10,000,0Ot
bushels, so that it appears that tn,
stocks in the northern hemisphere ar
materially larger than in any priviou
year. WITH
There was a very limited expor
demand for United States wheat dur
mo the week but domestic mill buy
irS continued fairly active and priC
ps held steady or were advance
slightly at the principal market!
Some improvement in flour deman
strengthened the hard winter whes
market and local offerings of goo
milling wheat were readily taken E
Kansas City where 1870 protein N,
hard winter was quoted at &c to
over the December price of $1.09 s.
and 121a% was quoted at SC to
over and 1870 at .7c to 13c over tt
December price. There was also
little outside buying of milling whe;
but lower grades were dull.
Prices of soft winter wheat he
steady with offerings limited. No.
soft red winter was quoted at
Louis at $1.45 to $1.49 compared Wi
$121 to $1.22 for No. hard winte
Soft blending types of hard whit
were in good demand at this markt
Soft winter wheat prices were a
vanced &c to &c at Cincinnati whe
the market was firm both for millil
and feed wheat. No. 2 red was quo
ed at Slab to $1.45 with No. 3 Sc
ing at $1.35 to $1.39. No. 2 red wiz
er was quoted at Toledo at SLAB
to S14412.
Spring wheat markets were lie
active than the winter wheat marke
and while offerings were not lars
mill buyers generally reduced thu
bids toward the close of the wee
1870 protein No. 1 dark northe
was quoted at Minneapolis at 1c
&c over the December price of ST.
SIS; 1870, 10c to lac over and Ia
1Sc to 24c over the December. No
dark northern was quoted at Dull
at &c to 23c over the Minneapolis
Cember price and No. 1 northern
1c to zoe over. Lake shipments w
being fastened on old contracts
cause Of an advance in lake freij
rates, but only a few boats w
available for loading and this reta
ed new business.
The durum wheat market held pr
tically unchanged, with satisfact
milling qualities in good dema
there was also continued active
mand for the better grades of
durum for feed purposes which W
IN somewhat smaller supply. Nc
amber durum or No. 1 mixed, v
satisfactory color for milling. test
1870 protein was quoted at Minnea
lis at &c to 18c over the Duluth
cember price of 98%. 1870 pro
was quoted at Minneapolis at 25C
4Oc over and at Duluth at 15c to
over the Duluth December.
Pacific coast markets continued
Their inactive, lSrgely as result