The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1928-04-20
RFVIEV OF THE GRAIN MARKET

west Of the Mississippi river and in
most OF the western states. These
poor crop conditions together with tbo
continued active export demand snJ
rapidly diminishing stocks of domeStic
4ye, advanced rye prices to the bigbo
est point Tor the season to date Ev-
port sales wer ereported to NorwaI,
FINLAND, Denmark and Germany ~
p0lt bids for No. 2 western rive We
Al around $1.40 3-8 per busheI fob
/ New York at the close of the week
NO. rye was quoted at MinneanoIic
at Sl.21 to S1.21q and at Chicago Of
STA per bushel. "
COkN: There were no important
changes in the corn market sitnatio,'
out the high prices Of bread grains
gave q finn tone &c the maYlzei and
prices advanced 1c to &c per husbeI
Receipts at the principal markets
were fairly large but there was . con-
-irued good demand from feeders, in
custrles, and shippers and shipments
nom me markets were reported only
signify smaller than CURRENT recent
Cash prices advanced with futures
NO. yellow was quoted at the close
of the week at Chicago at S1.OO to
9l.O2, Kansas City 941a to SO cents
Minneapolis 9412c to 9612c At ST.
Louis No. z yellow was quoted at
$lCC 2 and No. 2. white at 99c per
bushel.
OATS: The oats market continues
IN a firm position, particularly for old
crop grain. The prospective increase
in acreage and generally favorable
weather conditions have prevented anv
material increase in new crop future
prices. Cash prices were about lie
higher but demand was of only mod
crate volume. There has been an ex-
celient demand for seed oats at Min
neapolls where elevator stocks have
been decreasing rapidly. Stocks of
oats IN the principal markets are be-
coming unusually small and are less
than half as large as a year ago. No,
white oats were quoted at the close
OF the week at Minneapolis at 55% to
81 Hc; Chicago 58c to 631a and Kan
saS City 59c to 6Oc per bushel.
BARLEY: The barley market held
steady with prices slightly higher. in
tlueenced by the advance in other
grams. Masters were active buyers
OF good quality barley but very little
OF this was available at the principal
markets. Feeding grades were also
wei! taken. Barley of good mailing
quality was quoted at the close of the
week at Duluth at 85c to Gle; Mime
apolis soc to 94gc; Chicago Csc to
Sl.O3 and Milwaukee 95 to $1.O4. Feed
barley sold at Minneapolis at So to SO
cents and at Chicago at 9Oc to 94c. AT
the latter market feeding grades were
selling about &c lower than a week
ago.
FLAX: The domestic flax market
was dull in spite of the higher wheat
market. Foreign flax markets were
reported only moderately firm which
tended to check any material advance
IN domestic prices. May flax at Min
neapolis advanced about &c. closing
April 13 at $2.22A. Duluth Nav Flax
closed at $2.26A On the basis of the
Duluth May price domestic flax is now
quotable elf. New York at about &c
over Argentine flax based on the Nav
price at Buenos Aires. There was a
fair demand for cash flax at Mime
apoHs but bids were lowered on the
top quality seed, No. 1 seed selling at
1922 to So BOZ. Premiums for choice
ard No. l seed were lowered obuut Sc
at Duluth as result of less active
demand from crushers. Seed for MAY
shipment advanced about l 5-8c for
the week at Buenos Aires and was
quoted at $1.68 So compared with
S1.67 week ago. Seed for June
shipment was quoted at $1.70%. Ar.
. gentine shipment for the week total.
ed 100000 of which 654, 1000 were re.
ported to the United States. Ship
ments to the United States since the
,, first Of January now total about s.,
100000 bushels. This compares will
] about 100000 bushels for the same
period last season. Continental Eur
opean countries have been the larges
: buyers of Argentine flax this season
! shipments to the continent from Janu
= airy 1 to date being reported at abou
100000 bushels compared witt
: about 100000 bushels for the sam
, period last season.