The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1928-07-13

were heavy at Wichita with general
buying not yet under way. New crop
grain was expected during the coming
week at Omaha was being bought to
arrive at &c under the Chicago july
price.
Harvesting of soft red winter wheat
was also getting under way and No.
2 led winter for July shipment was
being contracted for at st. Louis at
S1.54-S1.54A. Old No. 2 red was sell
ing at the close of the week at S1.72
and No. 2 red from Texas and Okla
homa was being offered inthat mar
ket at S1.6S on July 6. The market
was dull at other soft winter wheat
markets where receipts of old grain
were light and no new wheat was vet
being offered. No. 2 red was quoted
at Cincinnati and Toledo at S1.7O.
CASH WHEAT: Cash grain in the
spring wheat markets did not follow
the decline in the winter wheat mar
kets but held generally firm with
premiums for medium and high pro
teln slightly increased at Minneapo-
lis. Il per cent protein No. l Dark
Northern was quoted in that market
at 12c-1oc over the July price OF
Sl.34 "A. IL per cent protein was
selling at 27c-34c over and Ia pel
cent protein at 39c-46c over the july
Fancy Montana wheat was quoted al
! S1.74 e $1.S012. Mills were active
buyers at both Minneapolis and Dull
nth and elevators were also takino
part OF the offerings at the latter
market.
DURUM: The market for durun
wheat continued dull, although prices
were not materially changed during
the week. No. 1 Amber was quoted
at Minneapolis at from lie under the
Duluth July price of $122 to 25c over
Top premiums for Amber and mixed
at Duluth were about zoe over witt
NO. l red durum quoted about 1c un
der the July price.
PACIFIC COAST: Pacific coas
markets were firm with a good de
/ mand from mills for good QUALITY
grain. No. hard wheat was quoted
at SanFrancisco at $3.50 per 100. OF
Sl.2o per bushel, while fair qualit,
feed wheat was bringing the same
price at Los Angeles. The Orienta
demand for wheat from the Pacifi,
Northwest will probably be material,
reduced during the next two or three
months since the largest crop in ;
number of years is reported to hav,
been harvested and in the lowe,
Yangtse Valley in China. Marketing.
of this wheat have been heavy anc
prices at milling centers have drop
ped to the lowest level since 1924. Lo
cal wheat for immediate delivery wa
quoted at Shanghai, July 2, at S1.OS
compared with American No. 2 west
ern red at $1.59 elf Shanghai an,
S1.46 for No. 8 Canadian. Local mill
were said to be running at full ca
pacity and stocks of flour were ac
cumulating.
RYE: The rye market DEVELOPED
weaker tone and prices tended down
ward. Prospects for the new GRO
are still unusually low, according t.
trade reports, but demand has bee,
rather inactive recently although mar
ket receipts have been light. TIL
stand is rather thin over most of tn
important producing area and the GRO
is beginning to ripen in this southe1-
districts. No. 2 rye was selling a
Minneapolis at the close o. the wee
/. at the July price to &c oier, whic
would be equivalent to about S1.l4
, S1.15% per bushel.
CORN: A continued active deman
, for the relatively small arrivals O
corn at the principal markets advanC
ed cash prices % cents per bushe
} Prospects for the new crop Wer
. above the average at the first of Jul
according to private trade estimate
and crop around 275,000,00O bushel
| over the average of the precedin
r five years is in prospect, according t
: these estimates. The rapidly d
t minishing supplies of old grain, how
t ever, is apparently offsetting the fay
: Orable crop prospects and the markt
! continues in a firm position. No.
. yellow was quoted at Chicago, July
. at $1.06-$1.071a and at Kansas Cit
at $1.O3-S1.04. No. 2 yellow wa
. quoted at Omaha at $1.01 and at S
/ Louis at $1.09-$1O97a. There was a
increased demand for sacked lots Z
/ Cincinnati where No. 2 yellow We
quoted at $1.12-$113 and No. 8 yello
at $1.11-$1.12.
OATS: The oats market also col
tinued independently firm althoug
the cool, wet weather during June M
terially improved the prospects fl
{ the new crop. An outturn well abo7
( the average is forecast in priva
: trade reports on an increased acr
ii