The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1928-10-05
REVIEW OF The GRAIN MARKET

wheat was shipped out to the United
Kingdom during the week at $1.O5
per bushel f. o. b. Portland, white
wheat prices were reported too high
for export trade. White wheats were
quoted at that market for export and
domestic trade at $1.18-$1.20 per bu-
shell. The grain market at Los An
geles, with the exception of corn,
was very firm, No. 2 hard winter in
bulk being quoted at $1.30, an adj
vance of 7c for the week. The wheat
market at San Francisco was also
firm where No. 1 soft and western
white wheat were quoted at $1.26 per
bushel. Farmers in that area were
reported holding No. 1 hard white
wheat which was quoted at $1.29 per
bushel.
The foreign markets were sharply
higher during the week with native
wheat at Hamburg being quoted at
S1.45 per bushel or an increase of &c
for the week. French wheat at Par
is was quoted at $1.591a per bushel
compared with $1.57 last week. Ma
tive wheat in Denmark was quoted at
$1.12A per bushel. Argentine Rosafe
wheat was quoted at Liverpool at
$1.29 compared with Canadian No. 1
Manitoba for October November
shipment at $1.311a per bushel. u.
S. No. hard winter was quoted at
S1.35, an advance of about 1-8c for
the week.
RYE: The rye market showed in
dependent strength although inclined
to fluctuate with wheat. Light re-
ceipts at nearly all domestic markets
and only a small increase in the
commercial stocks held the Septem-
Der delivery situation firm. The
prospective increase of nearly 10000
900 bushels in the European crop, eX-
elusive of Russia, with the harvested
grain showing a much higher quality
than last season and an indicated in
I crease of nearly 100000 bushels in
the Canadian crop were the weaken
ing features in the foreign situation.
No. 2 rye was quoted at the close of
the market, September %, at Chi
cago at $1.081a and at Minneapolis
at 97A -$1.O1A. Rose quality rye
was quoted about SC over the Mime
apolis December, which closed at
974c.
OATS: Oats continued firm with
only moderate receipts and a good
demand particularly from the eleva-
tor interests who were interested
mainly in top grades though all good
quality offerings moved readily.
Feeding and shipping demand was
reported fair. No. 8 white oats were
quoted at the close of the week at
Chicago at Al %c-44c, at Minneapolis
SO 7-8-40 7-8c, and at Kansas City
43c-44c.
BARLEY: The barle ymarket con-
Cinued firm with good demand not
withstanding increased market offer
ings during the week. Pacific coast
markets were generally firm with
prices unchanged to higher, while
eastern markets were steady to
stronger. Barley arrivals were light
at Chicago but congestion at Duluth
directed much country movement to
Minneapolis. The market for malt
ing barley was strong at Milwaukee
with local masters especially active.
In spite of the decline in future
PNA~NSt VIC MAJ hCI IClQ ldlIlX SIGdQN
for best mailing grades at Minneapo-
lis as offerings of this type were not
large. At the close of the week,
choice to fancy mailing barley was
quoted at that market at 65c-67c,
and feeding grades 55c-59c. Mailing
barley was quoted at 65c-7Oc at Chi
cago and feeding barley at 55c-64c.
FLAX: The flax market was weak
er with considerable accumulation at
Duluth and pressure of new crop Of
ferings largely responsible for the
decline, although crushers were fair
lly liberal buyers at the lower price
levels. Futures at Duluth were S 1-S
cents lower and closed at $2.13 3-8 on
September %, and October flax de-
clined at Minneapolis 3%c for the
week, closing at $2.11 per bushel. De-
mand for cash offerings was active
and premiums were firm to strong
The Buenos Aires market was slight
ly easier for the week but the Win