The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1928-12-21

ton of about 4.6 per cent above the
1927 harvet, which would be equiva-
lent to an increase of about 165,0O0,-
COO bushels. The European crop is
about 108,500,000 bushels larger than
last season. Harvesting is not yet
completed in the southern hemisphere
but present conditions indicate an out
turn about Z per cent above that of
last season.
Canadian marketings continue of
good volume. Nearly 350,000,000 bu-
shells have already been marketed, |
which, after allowing for seed re-
quirements, would leave not much ov-
er 100,000,000 bushels yet to be mar
keted, based upon this seasons esti- !
mate of 500,0O0,000 bushels. Cana
dian stocks have accumulated to the
amount of 200,340,000 bushels, with
the greatest increase over last season
shown in terminal and eastern elevat-
ors.
WHEAT: The domestic wheat mar
kets held generally steady. The re-
vised estimates of the domestic wheat
crop as of December 1 increased the
preliminary estimates of durum wheat
nearly 100000 bushels but reduced
the eralier estimates of other spring
wheat about 100000 bushels. The
total wheat crop this season is now
placed at 902, $4,000 bushels, of which
231,015,000 bushels is spring wheat
other than durum, 92,770,OO0 durum
and 578, 1854 600 winter wheat. The to-
tai production is about 24,365,000 bu-
81, II 41,o,, 1,-+
was a slight improvement in the de-
mand for cash wheat during the week
and premiums for best milling grades,
particularly of high protein, were
slightly increased. The bulk of the
offerings of hard winter wheat were
medium or low protein, for which
there is only a limited demand. Much
of the hard winter wheat being mar
keted also contains an unusually large
amount of damaged grains, which has
increased the premiums for the high
er grade in which only small per-
centage of damage is allowed. At
the close of the week 1870 protein No.
! 2 hard winter was quoted at Kansas
City at 3c-7c over the Kansas City
December price of $1.08 3-8; 1870 was
springing 8c-15c over. No. 2 hard
winter 12159o protein was quoted at
Omaha at S1.14 and at st. Louis at
S1.1715-S1.181a. Soft winter wheat
declined about &c at st. Louis because
of the less active mill demand and
competition from the blending types
of hard winter. At Cincinnati and
other soft winter wheat markets
however, prices held steady, No.
red winter being quoted at Cincinnati
at S1.43-$1.4 As and at Toledo at $1.427a
to $1.4312.
Receipts of spring wheat at the
principal markets were slightly small
er than last week and demand was
somewhat improved, particularly fol
the high protein wheat. Premiums
for 1870 protein were increased about
&c and No. Dark Northern of this
quality was quoted at Minneapolis al
4 9c-13c over the December price Of
S1.1O 3-8 with 1870 protein bringing
! 17c-22c over. No. 1 Dark Northern
at Duluth was bringing up to Zoe ov
er the Minneapolis December price
Demand has slackened somewhat II
that market since the close of navl
cation. Prices of the better grades
were also firmer at Winnipeg wher'
No. 1 Northern Manitoba was quotes
at S118 1-8, an advance of about 2
for the week. Durum premiums re
NAMED practically unchanged. altho
: the demand was principally for hes
milling types. Wheat unsuitable TO
7 milling continued to sell at rattle
wide discounts No. / Amber, o
e mixed, with 1870 protein was bringing
e Sc-2Oc at Minneapolis over the Dulut
/ December price of 981sc.
t Pacific coast markets were ais
e SLIGHTLY firmed with trading more az
t tive. The volume of business cor
i tinued small, however, because OF tn
smaller export demand. About 5OS
; of the wheat in the Portland territOr
e is estimated by the trade to be sti
e in the country, since receipts at til
Y terminals account for only about 40
) O0O. 900 bushels out of about $4,000
, 600 bushels in tributary areas. Som
d wheat was sold for export during I'll
l. week but millers were the princip'
buvers, since the export demand f
elour was better than for wheat. Son
Montana spring wheat was being o
Z fered at lower prices than westel
red. which was quoted at Portland
4 SLIP per bushel. Western white w;
/ Quoted at Sligo, soft white at Sill
S1.1a and Big Bend blue steam
4 s1.59 per bushel. Offerings of whe
4 at San Francisco were somewh
! heavier. No. / hard white and No.
! soft western white being quoted
4 that market at $2.10 per. 100, or 81.
( ner bushel. No. 2 hard winter
] bulk was quoted at Los Angeles
4 50 10 per 100, or S1.26 per bushel. {
| mand was not active but the mark
! held steady.
I RYE: The rye market continu
1 practically unchanged with mills Z
/ sorbing most of the offerings T
! mort demand was slow and no expo
1 sales were reported during the WEI
4 No. 2 I'VE was quoted rominally
I axnort 1. o. b.. New York at SLIT a
was selling at Chicago around 81
and at Minneapolis at 9Sc-$1.O5 ]
- bushel.