The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1928-05-04

The unsettled situation in the do
mestic wheat market aud the sharp
price advances were not reflected in
the general market stu alton, which
While continuing quite firm was not
changed materially from that reported
week ago. Canadian markets were
timer but wheat quotations at Win
nipeg were advanced only about SC
per bushel for the week compared with
an advance of about 10 cents per bush
el in May wheat at Chicago. Liver
pool prices for May delivery were on
! ly about 3 cents higher than a week
ago while prices Of native wheats in
the principal European markets were
practically unchanged being quoted at
Hamburg at S1.751a, Paris S1.32; Mi
Ian at $2.13 and Copenhagen $1.55.
Sixty-three Rosa Fe wheat from Ar
gentina was quoted in Liverpool for
May shipment at SLIGO; No. Mani
toba for June shipment at $1.6612, or
practically the same price as week
ago. Australian wheat afloat was
quoted at $1.73. United States wheat
was not quoted as prices are above
an export basis and it was reported
that some American red winter wheat
had been re-shipped from London to
: New York European crop conditions
: as reported to dat are also apparently |
= /, less favorable than last year with con-
i siderable winter killing in France and
y ROumania. Beneficial rains were re-
o ceived during the week in Rumania,
however, and conditions were improv-
. ed in France. The Indian wheat crop
/ is now placed at 330,624,000 bushels
{ or about three million bushels below
: las tseason's crop, from which nearly
l. 14C00 ,0O0 bushels were exported. Po
D land has abolished restrictions on i'm
l. ports of grain, effective April 80.
I WHEAT: Cash wheat prices adj
- vanced with futures and premiums for
2 protein and other quality factors were
" we'll maintained. The increasing scar
u city of soft winter wheat was reflect
- ed in the high prices being quoted for
Al a the limited offerings of this grain.
z No. 2 red was selling at 55 cents per
~ bushel above May pric eat Chicago,
- and was quoted nominally at $2.O3 per
" bushel. Milling demand was very ur-
q gent at Cincinnati where No. 2 red
y was quoted at $2.15 to $2.16 per bush
- ell. Low protein hard winter wheat
lg and soft red and white wheats from
the Pacific coast were being substi-
IN tuted for soft winter at st. Louis
ne where No. 2 red was quoted at $2.15.
n Soft Pacific Coast wheats were quoted
IN at $500 to $2.05 per bushel, delivered
at ST. Louis. A car of No. 1 soft red
am winter sold at Kansas City at $2.07,
al +bo HIGHEST nrice on the cron offer
a ings of high milling quality hard whit
er wheat were scarcely equal to trade
are requirements and protein premiums
a. LII tpi7
ro- No. 2 hard winter quoted at Kansas
Ugh Civ at Is to % cents over the MAY
IN price of $1.55 7-8, April 27. 13 pc
cent protein borught Fl to % cents
over the May price. 13 per cent pro
tein No. hard winter was quoted a
Omaha at $1.81.
lcn Cash wheat was very firm in tn
spring wheat markets. Mill deman
is was of only moderate volume as man
in mills were awaiting tn deliveries o.
di- their May contracts to determine tn
eble quantity needed. ID per cent protei
his No. / dark northern was quoted a
can Minneapolis at 80 to 80 cents over tn
: is Nav price, which advanced 9 cent
,nse and closed April 81 at $1.551a. No.
Dark Northern was quoted at Dulut
CHIT at 81 cents over the May price and
held car of this grain testing 1412 per Gel
mill. protein was sold to a mill at 81
arm for shipment to Buffalo. Premium
ign on good Canadian milling wheat we
sand advanced at Winnipeg because of Il
S of limited supply of this quality of graf
with No. l northern Manitoba being quot
lany in that market, April 27, at $1.63 Z
him which would compare in gener
way with quotations at Minneapo
of $2O4 to 5000 for No. ha
spring wheat from Montana. Duru
~ wheat prices advanced with 9th
81 classes OF spring wheat and Dulu
May closed April q at $1.44A,
light advance OF cents for the week, I
IN to 1 amber was quoted at cents unc
d in to rs cents over the May price:
les. Rye: Rye prices advanced sharp
lphia influenced by the firm wheat marx
where an increased export demand and
.dule, rapidly diminishing supply. LO
ur at buyers competed with exporters
n the the limited offerings. May rye
Sep vanced SAC at Minneapolis, clos
April 81 at S1.3OA and at Duluth
Wight s.. 345-S. No. 2 rye was quoted
2 and Minneapolis at $1.32 TO $1.33, at
6 late Iutb at 81. 80 to S1.35, and at Chic;
q .3S to S193. Export sales w
p will reported principally to Poland and
cities 2 western rye for export was quo
Yer at S1.54A fob. New York.
onnec- CORN: The corn market was
vania, unsettled but prices advanced z t
Indi- cents during the week influenced
the continued wet and cold veal
which retarded planting and gro
over most of the corn belt.
- OATS: The oats market was
IS 81 with corn and also as result
continued good demand igor the ra
IS that " decreasing supply. Unfavol
will re- Weather for the growth OF the
Michi- spring crop was also a terengthe
ocratic factor. Frost damage is feare
,dav in the northwest to early sown oats
rection considerable re-seeding may be n
locates. sary. No. white oats were 81
entions AnTil 27 at Minneapolis at Gle t.
ates to 5-8c. Chicago 65% to TIA cents
iron on Kansas City 661s to 671s cents.
to ma HARLEY: The barley marke
" York not advance as sharply as other e
ICY was hnt prices were 2 to 3 cents n
tban at the close of the previous
yester- With an excellent demand prev
Hoover for the relatively small ofterln
mber of cash grain. No export bushes
at silent reported but local masters ana
y ers were active buyers.