The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1928-08-03
Wheat Sharply LOwer-Marketings
of New Winter Crop Heavy-COrn
Steady-Other Grains Declining.


of New Winter Crop Heavy@COrn
Steady-Other Grains Declining.
Heavy marketings of new winter
wheat generally satisfactory progress
of spring wheat in the American
northwest and unusually favorable
prospects for the Canadian crop, to-
gether with large world stocks, were
the weakening factors in the wheat
market during the week ending July
%, and prices declined to the lowest
point for the crop to date, according
to the weekly grain market review of
the U. S. Bureau of Agricultural Eco
Monies. Rye was lower with wheat
but the corn market held steady, in
fluenced by continued active demand
for the rapidly decreasing supply of
old crop grain. Oats and barley de-
clined sharply with receipts of new
grain increasing.
u. S. SPRING WHEAT
Reports indicated generally salts
factory progress in the spring wheat
areas of the United States. No seri-
Gus rust damage has occurred to date.
Spring wheat is maturing rapidly and
much is beyond the danger stage ex-
cept in the more northern areas. Only
the later maturing fields are likely to
be damaged according to reports to
the U. S. Bureau of Plant Industry.
| There is general trace of stem rust
in the northern part of the Red River
valley where wheat is in the milk to
soft dough stage. There is a sprink-
ling of rust but no severe infection
in the southern Red River valley of
Minnesota and North Dakota where
wheat is further advanced. There
may be some small damage in the
Minnesota River valley where infec-
ton is rather severe.
CANADA
The Canadian crop continues to
make excellent progress with large
percentage of wheat now in head
Moisture is sufficient for maturing
the crop in most areas and no seri-
Gus damage from hail or rust is re-
ported.
EUROPE
European crop conditions continue
favorable although some damage tt
grain has recently been reported as {
result of excessive heat in countries
of southern Europe. The Italian croI
is now placed at 235,000,000 bushels
compared with 1877 million producet
last year. While import statistics arr
. yet incomplete, imports of wheat int
Italy from August 1 through Ma!
were only about 100000 bushels
: larger than for the corresponding
/ period of the preceding year not
! withstanding reduction of some 2
million bushels in last seasons GRO
1 Threshing returns from the lowe
: Danubian countries are irregular bu
: the Hungarian crop forecast has bee
f revised upward during the past wee
and is now placed at 88,600,000 bush
r els which should provide some 20
! 900, to 25,000,000 bushels for export
1 Conditions in northwestern Europ
are generally favorable with crops
little late.
: WORLDS VISIBLE
The worlds visible supply of whes
n and flour at the first of July tOtale
: PA. $4,000 bushels, about 100000
a bushels more than at the first of Jul
:, last year and was the largest amour
I on record for that date with the e.
ception of the war years, 1916, l91
Il and 1919. A large percentage of tt
o increase may be accounted for in tt
s. larger supplies in Canada.
CASH WHEAT
The cash wheat market general
declined with the futures and mo
classes of wheat were being quoted
to SC lower than week ago.
CASH HARD WINTER
20 The movement of new hard whit
d wheat was heavy, receipts at Kans
pa CITY which totaled more than 8,Ol
,K cars. being the largest on record. M
Q, storage is being rapidly filled accor
A. ing to trade reports and demand fro
70 this source is abating. Export i
d ouiry was also limited and bids we
We around 15c per bushel lower than
~ year ago. Exporters were biddil
nj n $1.291s-$130h at close of the we
% for No. / hard winter, delivered Tex
Oh gulf ports, while No. 2 hard wint
ny for August shipment was quoted L
nV erpool at $1.39 per bushel. This CO.
- pares with $1.32 for No. 8 Mantle
Ia for August and September shipme
iy' and S1.48 for No. / Manitoba Octoh
and November shipment. Many of
vL receipts of hard winter wheat at K;
~ sas City were arriving in a heat
- condition and were in slow demal
n Drv wheat of all protiens was re;
iIv taken with 1870 protein No. 2 h;
A. winter selling at &c to SC over
~ Kansas City September price of 81.
12159o protein was bringing &c to