The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1928-04-06
REVIEW OF The GRAIN MARKET

limited and supplies are practically
exhausted at a number of markets.
Milling grades advanced 4c-5c per
bushle. No. red winter being quot
ed at the close of the week at st.
Louis at $1.78-$1.79, Cincinnati $1.76-
$1.78, Kansas City $1.68-$1.72, Chi
cago $1.6812, and Toledo S1.71-S1. II.
This sharp advance in soft winter
wheat strengthened the market for
hard winter wheat, particularly of
I plump yellow type low protein quality.
Other classes, however, were also ad-
vanced 2c-3c per bushel, IL per cent
protein No. 2 hard winter being quot.
ed at Kansas City at $1.43-$1.5O per
bushel, and 13 per cent protein at
Central Western markets was also re-
Elected in the markets of the Pacific
Northwest states where an active de-
mand for flour from the Southeastern
states advanced the prices of soft and
western white wheats to well above an
export basis. Good milling grades of
these wheats were quoted at the close
of the week at Portland at $1.42-$1.56
compared with export bids for western
red wheat at $1.37-$1.38 per bushel.
Spring wheat markets also tended
upward. Receipts were of moderate
volume at the principal markets and
premiums held steady, influenced BY
the advance in winter wheat and
continued demand for good milling
quality spring wheat. 13 per cent
protein No. l Dark Northern spring
was quoted at Minneapolis at $1.62-
S1.66A. Lower grades were also
firm. High protein Montana wheat
advanced about &c, being quoted at
Minneapolis at $1.77A -$1.82H, which
would compare in a general way with
quotations of No. 1 Northern Manito-
ba at Winnipeg at $3.50 The demand
for durum was steady with offerings
only moderate. Prices were advanced
about &c for the week, No. 1 Amber
durum being quoted at the close of
the market, March 80, at $1.32-$1.57
at both Minneapolis and Duluth.
RYE: The rye market continued
firm, principally as a result of the
light supply. Milling demand was
only moderately active and export
sales were not large. No. rye was
quoted at Chicago at $1211a, an adj
vance of 1c for the week. Sales al
Minneapolis were at $1.15-$1.16%.
CORN. The corn market continued
firm, influenced materially by the adj
vance in the wheat market. Receipt.
were slightly larger at the principa
markets and demand was only moder
ately active. Elevators desiring II
dispose of their stocks before the ger
minating period were finding a limited
outlet for their grain, according Il
trade reports. Feeders and industries
were the principal buyers and ship
ments from the General Western mar
kets were distributed over an unusual
ly wide area, ranging from the Allan
tic to the Pacific coast and to the gulf
At the close of the week No. 3 yellow
corn was quoted at Kansas City a
93c-95 1ac, st. Louis 991ac-$1.01, an,
at Chicago $1.01-$1.04.
OATS: The oats market was firm
with other grains and also as a resul
of good domestic inquiry at tn
principal markets. Export sales wer
very small. Stocks in the markets
however, are decreasing rapidly an
are less than half as large as at thi
time year ago.
BARLEY: Light offerings of barle
maintained firm market for thj
grain. Masters and feeders were az
tive buyers and offerings were scarce
ly equal to current requirements, e1
Ecept at Duluth where the supply wa
plentiful and prices were lowere
about 1c per bushel The high priC
of corn and oats and of mill feeds
causing a good demand for feed ba,
ley. Prices ranged from &c to q
at Duluth while best mailing grade
were quoted at Minneapolis at 91c-93
Special No. sold at Milwaukee
96c-$1.06 and good mailing grades
Chicago at 98c-$1.04. Feeding grad,
were quoted at Chicago at 9Oc.97c al
at Minneapolis at 84c-86c per busheI
FLAX: The flax market advanc,
about &c under good demand fro
crusher and light offerings of 90,
quality seed. Choice, dry flax sold
Duluth at $2.24-$2.3215. Domest
flax is now relatively higher than A
gentine flax on c. i. f. basis. Ne
York. The Argentine flax market w
also firm. Prices at Buenos Aires a
vanced about 1c per bushel. flax f
May shipment being quoted in tn
market at $1.67h and for June shi
ment at $1.68%. Shipments for t
week continued of good volume,
falling 1,689,000 bushels, of viii
about $4,000 bushels were destined
4-4a