The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1928-08-10
REVIEW OF The GRAIN MARKET

IL day shipment, while spot ouota-
lions ranged from PC to 80 cents
over the September price; IL per cent
protein No. dark northern UnS
quoted at 13c to tic over the Sen+o,1a
per; and IA per cent, 37c to Ale owe,
Cash Durum Wheat
Inc durum wheat market held vel
atlvely steadier than for other claSI
les OF spring wheat since racen+ 10
cllnes have brought prices more n
me with export quotations. Varv
little Old crop durum wheat was he
ing offered either at MINNEAPOLIS or
duluth and only one or two cars If
new amber durum had been received
at Minneapolis at the close of The
current week. This was con,binnd
wheat from South Dakota and was in
heating condition. Duluth Septem-
Der durum declined about 215c and
closed August 3 at S1.O9H. No.
amber up to 13 per cent protein was
quoted at 1c under to zoe over the
September price at both Minneapoiis
and Duluth. American amber durun
was quoted at Genoa at 81. "a for An
gust shipment.
RYE
While favorable weather has some
what improved prospects for rye. ac-
cordlng to trade estimates, the mar
ket had independent strength and did
not follow the decline in wheat. The
stock of old rye is very low and re-
ceipts during the week were small al
though some new crop grain began
to appear upon the market. The
Minneapolis market declined about
cent and closer August 3 at 955sc.
Chicago September rye closed at
$1.018. No 2 rye was quoted at Sc
TO &c over the September price at
Minneapolis and at the September
price to 1c over at Chicago. Small
amounts were reported sold for ex-
port with No. 2 quoted at $1.133-S
fob. New York.
CORN
The corn market weakened SLIGHTLY
as a result of continued favorable
weather following the closing out of
the July contracts, the demand for
corn for the filling of which had brot
about unusually nigh premiums for
spot grain. Receipts were somewhat
smaller than last weeks heavy move
ment which materially reduced the a.
mount available for shipment at many
interior points. Stocks are relative
ly small In the markets and are held
principally at Chicago. New crop de-
llverles were especially weak in the
future markets but seaboard interests
were reportd to b good buyers of
corn for December delivery. Export
corn for last half of December ship
ment was quoted at the close of the
week at 88Ac fob. New York and
sales estimated at around 100000
bushels were reported. Cash prices
were &c to &c lower at most of the
markets, No. 8 yellow being quoted
on August 3 at Chicago at S1.O5 to
$l.O612; Minneapolis $1O4 to S1.O5;
Kansas City CSC to 99c per bushel.
No. 2 yellow corn was quoted at st.
Louis at $1.0612 and at Omaha at 97c
to SO cents per bushel.
OATS
The movement of new oats to CEN
trial western markets increased and
prices declined somewhat but the
market shared in the strength of the
corn market and had a rather firm
! undertone.
Heavier receipts are expected as
threshing becomes more general,
since threshing reports indicate some
what larger yields than expected
earlier in the season and private es-
Inmates at the first of August were
around 100 to $50 million bushels
greater than the July 1 official esti-
mate. September oats declined 112C
during the week and No. white oats
was selling at the close of the market
on August 3, at Chicago at 401s tC
4112 cents, Minneapolis 1914 to 41%
cents and Kansas City Al to AZ cents
per bushel. No. 2 white oats were
being quoted, delivered group ore
points in Texas at 81 cents per bush
ell compared with locally grown No.
red oats at Sc to 81 cents delivered
, Texas common points.
BARLEY
r Larger offerings of barley weaken
{ ed the market for the grain but thcr