The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1928-06-08
511FV OF The GRAIN MARKET

/ ~ :. Develops Weaker Tone one .
'~P[ p. More Favorable ~
wv ,.o7tet turned weaker
s-ag the e. T more favorable weather
s5y harvest .na II takings of bread
] .,trsly r 5li,1'r buyers, according
,ars by ~, tui GPysin Market Review OF
be Ee .5 States Bureau Of Agric III
Il United mics mics Wheat prices de-
"a Eco I3a iowest point since early
nd to the e. !o"s also were sharply
april. ..fGnne '1 by generally fav-
-s3Fsd' meets nerts for the new crop.
r.5s pros ipS{esnrendently firm with the
E5ng casi ;ofinence Of favorable crop
,s5isD.rs Rye and barley were
/ .s..oPn5s d~sr. i Flax declined about
lightly y! lo with seeding making better
' GEM a. a result Of increased molS-
r.ar IT. Prospects for winter
VIII waved during May according
q1sal lhlPlV .;o,e+ps and an early har-
] o rade nIosnect Cutting is eX-
Is ) J.. IL begin in the Southwest
pie, u ,5s tenth or fifteenth Of June
G1na 'lT indications are that the
% 2 ,l1 h. Of good quality. June l
57 VIA astioates of the winter wheat
] r7ax 20 increased about $4,000, 600
e59 S' We the official May estimate
l,a.is so I'D, tbe crop this season with
/ % pl%t' 100000 bushels Of last
a,0J barvest. Early private estl-
s If the spring wheat crop are are
a:' u n1rodnction about G5,OOO,OOO
f .,l. below last season, making the
SUITED States crop from O,OOO,-
' : iO5OOO,0OO bushels smaller
v " r.s harvested last season. The
-rr Of spring wheat, however, Is
'. N -orv uncertain and will depend
]. ., 5sii upon weather conditions
/ s,- now until harvest.
w. rn,onpan crop conditions have
.l rr"T material Improvement during
...' MAST week and while heavy aban-
Y -,p s in some sections may offset
\. increased acreage reported, fav-
In conditions from now through
" harvest period may produce a
l \, supply of good milling wheat
ssr last season in Europe. The Ger
\ y, rroD is above average according
\ btRe latest condition report but aban-
IrneDt was one per cent greater
/ S,r last season. The French acre
4 90 Of both spring and winter wheat
4 dven as 12,774,000 acres. No off
n Al estimate of production has been
h MAZE but trade estimates are for q
4 gOD Of around 257,000,000 bushels
i Tbch would indicate about an aver
~ Weld Conditions in Italy are
q Ic6 better than last season and i'm
rrement has been particularly no,
"a tceabe in the principal importing
u cmtries. Demand from European
Il hyers has been rather dull recently
U SHIPMENTS of wheat and flour from
4 lie principal exporting countries dur
q hg May were about 100000 bush
a Gs below exports for the correspond
4 Ing period last year. About $4,000,
4 900 bushels more wheat was appar
! emily available for export in thes
countries June l than a year ago
I Continental port stocks, however, ar
low and it is generally believed tina
European requirements will be fairl,
heavy during the remainder Of tn
season. Country marketings in Can
ada were unusually heavy during tn
week which resulted in some cOnges
ton in Canadian markets and lowe
plceS at Winnipeg.
Demand for cash wheat in the dc
nestle markets was slow and prem+
ms for high protein were lowered
he lowered protein tynes were i
h1ly active demand and premium
10y these held fairly steady. No.
laId winter 12fc protein was quote
a Kansas City June 1 at around II,
u; over the Kansas City July priC
winch closed at $1.27%. 1870 pr,
,en was bringing 20c-25c premium
NO. hard winter 1012-11% protet
'aS quoted at Omaha at $1.4412 -$1.4
Win ordinary No. 2 hard winter sci
ing at Chicago at $1.4912. Premium
SOFT red winter wheat were al!
iI'Ier reduced with very little inte
y oemg shown by mills because
U Slow demand for flour. No. 2 r,
,l'er was quoted at st. Louis
1so, Cincinnati $1.78-$1.8O, Tole,
AsS's-Sl79 and Chicago $1.671a.
spring wheat prices declined 4c-
. -1 minneapolis. Low protein types
s-lng wheat were readily taken b
~'ie was little demand for the hi
q s~yln wheat and premiums we
6n .p reduced. 1870 protein No.
s ! Northern held steady at Gel
q ". me July price, which closed Ju
a. VA rs. 1870 protein prer
B -s s were reduced to about 24c-3Oc
ue July while 14G5 was selling
S4' over. Durum wheat declir
Srs ~, No. amber was quoted
,, ,m minneapolis and Duluth
INV unG The July price to 2Oc-25c ov
q 9. uulum closed June l at 81.
3 SD DIs export business was repor
8 j1eii ng the week. Prices at Winnil
B beiuni gu about &c. No. / North
! ns ,S quoted at $1.5Ol4. Canad
3 6ra~oa.lln have been heavy and
q b, SVes We're reported placed by r
q prS against shipments to L
u d, 5aclfic coast markets were dull v
vss @ onat slow No. hard white wi
ii Der yI So a San Francisco at s.
w. oi 9l.SS per bushel. G