The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1928-05-18

conditions, e It'f Heayy-Limitei Sup
Aban S.aan lgthening Factor In Oats
and Rye
-, market continued rather
The gram mri ing, the week ending May
unsettled cum in the drought areas OF
z but rams ran west together with more
the central inreather for the planting
taToT aaroTth Of spring grains orGug gne
and grow" ypaker situation toward tne
about a t Te" week and prices OF both
close Oh I'D w corn declined sharply, &C,
wheat anu the weekly grain market
cOrding ~ The United States Buerau OF
review 5,m,,l1tI III al Economics. The rapidly
AgIlcu Iina : supply of rye and oats held
0ecfeasr rte+ relatively firm for these
the nl1iNB arley and flax were also
grains ,nJpr a continued good de-
m9nGq' An unusually heavy aban-
"l VIC Of wheat has occurred this
dohllT"s according to the May l estl-
season Inch indicated that the acre
nla'' remaining for harvest this sea-
age Isl per cent less than the
son ,o q nlanted last autumn and to-
acLS@ mont 35.858,OO0 acres compared
Tan :t1 "3SS72OOO acres harvested last
WIN WIN The condition of the crop on
sea-; ;5aSO-I was also unusually low, being
9 MSi nor cent of normal which on the
'1 ~oo P rpported for harvest would in
S Haota PRODUCTION of about 486,478,-
G GlISi bushels or about 65,OO0,OOO bush
Wv los sthan was harvested last sea-
en- san The heaviest abandonment oc-
s sorrod in Ohio, Indiana, Illinois and
Tantnckv where approximately two
binds Of the crop has been abandon
VI - On the basis of the May estimate
t t5o nroduction of soft red winter
Wheat uS would amount to around 49,
nm nm bushels and of hard winter
USsst about 3O5,OOO,OOO bushels. The
,omainder or about GO million bushels
would be accounted for in the white
winter wheats.
The weather during the week was
more favorable in both the soft and
hard winter wheat areas. More favor
obIp weather was also reported in the
sDring wheat areas where seeding has
now ben mostly completed and in Can
ada where an increased acreage OF
sDring wheat is in prospect. Moisture
i plentiful in the spring wheat areas
Of both Canada and the United States
and only warm weather is needed to
give the crop a good start.
Weather conditions in Europe also
became more favorable, according tC
trade reports. Heavy rain and snow
was reported in Russia. Conditions
in Italy were generally satisfactory
with rainfall plentiful. The stand Of
wheat in France is rather thin with
weather unsettled. Some districts Of
Germany reported poor prospects but
conditions generally were about aver
age. Abandonment of wheat acreage
in Prussia is estimated at 3.5 and rye
at 2.9 per cent. The Indian harves
is completed and the movement of thu
grain from that country is increasing
Very favorable conditions were report
ed in North Africa. Prices of nativ
wheats in Europe fluctuated NOR
than usual, being about 3 cents highe
than a week ago at Hamburg, "a
lower in Paris and &c lower at Milan
American amber durum wheat wa
quoted at Genoa at S2.18 compare,
with quotations of native wheat a
Milan of $2.15%.
Soft red winter was quoted 15c t
Zoe lower than a week ago, No. 2 re,
selling at $1.95 to S1.97. The substi
tuition of low protein hard winter ha
also become a weakening factor in tn
soft winter wheat market.
Demand from southern mills wa
the dullest for some time particular
at cincinnati where No. 2 red wa
quoted May II at $1.98 to $500 pc
buShel. No. red was quoted at Tt
ledO at S1.98 to $1.99 and nOminally Z
Chicago at 1921 per bushel.
An easier tone prevailed in tn
spring wheat markets with milling d.
mand slow. Cash prices declined MOI
than futures with No. 1 dark nOrthe1
quoted May II at Minneapolis ;
a.5S12 to $1.6312 for 1870 protei
This quotation is 9 to IA cents owe
the May delivery price. 1870 prote.
OF the same grade was quoted at q
10 sc over the May and 14%o prote
at 10 to so cents over. Winnipeg ca.
wheat declined with the futures, No.
northern Manitoba being quoted
winnipeg at SLIGO which would cor
pare IN a general way with Montal
no. hard spring quoted at Minnea
GhS at Sl.93 to $685.. The demal
iOr durum wheat was also dull but G
IefingS were small and premiums I
NAMED man practically unchanged. No.
S 3, ce duIum was quoted at $1.41
SS11o0 at Minneapolis, which was 2
80 cents over the Duluth MAY viii
advanced 1-8 cent for the week.
racltlc coast markets were al
weaker weaker, influenced by the favoraI
ns; crop prospects and the low
1StobCln IldIhGlS. EdSI6
SSemand has taken most of the wht
m .u the Pacific northwest recen
anu 9ade estimates are that Detwe
5o ana 8 million bushels of soft whei
save nave been sold to the midwest t
II "S sui Exporters have been una
IT. compete with the eastern buye
r rne IifSt cargo of new crop wheat v
c rpOr tS sold during the week. N
on Us %heat for eastern shipment v
poy tgu at around $1.49 per bushel
tba 'u land. Weather is favorable /;
eSiiOwlng crop is in good conditi
at SS. aa Of old crop grain were Ii
Wbs can Francisco where good mill
ponnS s was quoted at $2.7O per
on pt s contracted for in the conn
ed u. ~ eSasis of $2.25 per 100 deliv
wbe ~ San Francisco. Good mill
S2 r7s' at Los Angeles was ouotec
VaIIev 70 S2'85. New crop Impe
practio.TTlhe Wheat of good quality
that nly no dockage was offere,
s"' market d11ripo. a.