The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1928-12-07
REVIEW OF The GRAIN MARKET

Grain Markets LOwer-Larger Re-
ceipts and Slow Demand Weaken
ing Factors.
The grain market generally devel-
eped weaker tone during the week
ending November 80 and prices of
most grains declined &c to &c per
bushel, according TO the weekly grain
market review of the u. S. Bureau of
Agricultu1 al Economics. Increased
offerings of new Argentine wheat,
lower foreign markets, together VITA
sorle slowing up In mill demand low
cred the domestic wheat market al
though good milling grades continued
to bring fairly steady premiums over
the future quotations. Larger receipts
Of corn and some slowing UP in ex-
port inquiry caused a further decline
in corn prices. Oats were steady I'M
der good inquiry for light receipts
but rye was weaker with wheat and
barley declined with corn. The flax
market weakened toward the close of
the week under less active demand,
influenced also by lower foreign mar
kets.
There were no important changes
in the foreign wheat market situation.
Increased offerings of new Argen-
tine wheat at prices below quotations
on both Canadian and United States
wheat in European markets was per-
a2pS the most important feature dur
ing the week. Argentine shippers
were reported to be pressing sales OF
Lev wheat at about $1.30% per bush
el elf England. This compares with
gR1tatiOns of $1.37 7-8 for No. 3 Man
iteba for December shipment anC
around $1.33 for U. S. No. 2 hare
winner. Increased shipments of Ger
man wheat to England was reporte'
while Russian millers were ordered II
increase flour extraction to 900
Native wheat, was said to be scarc'
in Spain but prices of native wheat
IN most European countries were no
materially changed from last week.
Prices have tended upward in Ger
many since the first of November an
at the close of the month good millln
quality was quoted at Hamburg a
Sl.4SA. Milling wheat was sellin
at Paris at S1.59%, or practically tn
same as at the first of the month
Italian wheat at Genoa was unchane
ed at S1.88% and native wheat
Copenhagen at S1.201s per bushel.
WHEAT
The domestic cash wheat mark'
was weaker. The failure of easter
flour buyers to order out earlier pu
chases If flour was said to be r
Stlictin9 the mill demand for hal
winter wheat The large stocks
grain winch mills have accumulate
however may also be contributing
the relatively slow demand at preser
Extremely high protein wheat is ge
ting scarce but the average quail
Of The receipts is better, so that bu
eTs are having no difficulty in o
tanning desired amount of mediu
pFc.ein good milling wheat. Prote
FHeCiuns are rather irregular but
the close of the week 1870 prote
go. Lard winter was selling
Kansas City at about &c to &c ov
Che December price of SLOT D.
I2l2%, SC to &c over; and 1870, &c
12e over. Export demand contlnu
4t5i-lcO ana safes DIRE pLAuSAPOAy
The lower grades which are being s.
eT type sample.
Soft winter wheat continues re
lively flrmer than other classes
premiums which have prevalleH
Gently were mostly well maintain
Nc. 2 soft red winter was quoted
St Louis at STAG to $1.49 compa
with S1.171s to $1.19 for No. z nj
winter. The Cincinnati market
slightly lower with trading dull.
soft led winter was quoted IN I
market at SLAP to $1.44 and No
at $1.33 to S1.38.
The movement of spring wheat
creased during the week, receipts
Minneapolis being about 700 {
larger than for the previous we
Demand was only moderately ac
and was principally from northw
ern mills, since the nearness OF
close of navigation was restrict
demand from eastern mills for
shipmert. The December future p
declined about 5-8c during the v
at Minneapolis and closed Nov. q
$l.10. Cash premiums for high
TEN wheat held fairly steady witt
per cent protein No. l Dark mort
quoted at Minneapolis at &c .