The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1928-11-09
REVIEW OF The GRAIN MARKET

Market Steady-UnfavOrable
Rhellr ting Weather Strengthening
Corn Market.
COl rain market was somewhat
In1 during the week ending N2-
FINE according to the weekly
vsnlo9i Market Review of the United
Gran Bureau of Agricultural Econ
Stale large stocks and continued
OTal's' offeYings were still weakening
be2N IN the wheat market but there
fsc'O':s ~t;c2tions of some slackening
T5it ..,,ent of Canadian wheat and
u 80 revisions in the estimates
COW. .on7p areas. Snow and rain in
fToH.c srtrIa West which delayed the
ne ran movement strengthened the
Hse .,arket although premiums for
eofh .oyn were further reduced and
spy. otiors wee placed on a new crop
euo'@ ot the principal markets. Oats
oa,-s steadv with corn but barley was
Wei With offerings of feeding grades
We Of current demand. Rye was
j. hinged but the flax market de-
u a,aneI a firmer tone and prices adj
vesrIv 2OO,OOO,OOO bushels of Can
,:on wheat have already been mar
- This season and stocks in stores
- increased to about 150,000,OO0
tIaa.bels This, together with about
Jn0OO 1000 bushels in store in the
i-,;ted States has resulted in UNI
e--oTv large North American stocks
= ubeat for which demand is limit
" North American shipments, how
syer. since the first of August, ac-
riding to trade reports, have totaled
oosrlv 153.OOO,000 bushels, or only
about 100000 bushels less than was
shipped during the corresponding
roriod last season. A much larger
9orcentage of the shipments was Can
Pdian wheat with a material reduc-
fon in United States exports. South
em Hemisphere crops are reported
to be making generally favorable pro-
0ress and new Argentine wheat was
being offered c. i. f. Liverpool al
SlS3&, or about &c above No. a Man.
itO0a Northern for immediate ship.
ment Harvesting is expected to be.
gin in about two weeks. Some ocear
freight space has been reported chart.
cred at about 161ac per bushel. Al
the present time, however, European
importers are taking principally No
3 and No. Canadian Manitoba. No
3 Manitoba aflOat was quoted at thu
close of the week in Liverpool at $1.3S
and No. a Manitoba at $1.3O% com
pared with $1.30% for No. 2 har,
winter wheat from the United State
and $1.34 for Argentine Rosa Fe. 6,
pounds, October and November shin
ment. Stocks of wheat on ocean mas
sage are about 100000 bushel
smaller than a year ago at this finn
and total about 100000 bushels.
WHEAT: With offerings of goo
milling quality grain relatively Ugh
prices of cash wheat held steady. Bot
mills and elevators were active buy
ars of spring wheat and the recen
congestion at Duluth was being clear
ed. Elevators were taking principal
y the lower proteins while mills wer
taking the higher milling types. l
per cent protein No. 1 Dark Norther
was quoted at the close of the wee
at Minneapolis at the December priC
Of Sill So to &c over; 13 per Ger
lOc-l4c over; and IA per cent, 17c-21
over the December. Premiums O
dark spring wheat advanced about T
at Duluth where No. l Dark Nortl
ern spring was quoted at from &c
Zoe over the Minneapolis Decembt
for IA per cent protein wheat.
Durum premiums held about III
changed with good milling wheat
limited supply and good demand. RI
-urum on the other hand continue
Iery dull. IL per cent protein No.
amber or No. l mixed of good col
was quoted at Minneapolis at Sci
over the Duluth November quotatic
Of S10O0A. This was an advance
l-Sc for the week. per cent n
Amber durum was quoted at loci
over the November price at Dulu
and 13c-25c over at Minneapolis.
Cash wheat at Winnipeg declin
slightly compared with a week al
notwithstanding the advance in t
future quotations. No. l Northe
Manitoba was quoted November 2
Winnipeg at S1.21 7-8 while Ia +
cent protein No. 1 Dark Northern
Minneapolis closed at SIPS 5-8-$1'
SO.
The market for hard winter wht
was rather irregular. Best mill
grades were generally higher WI
the poorer uallty grain declined. MI
We're fairly active buyers at Kan'
City and some wheat was report
taken from storage. New wh'
sales, howe, pr, continue of SIN
Volume. 1870 protein No. 2 hard W
Ter was selling at the close of
week at tie December price of 81
70 &c ever; l21A%, 2c-6c over; :