The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1928-05-25
GRAIN MARKET NEWS

Generally favorable weather for
winter wheat and the sprlng sown
grains during the week ending May
! 10 weakened the grain market and
prices tened downward, declines
ranging from 2c-5c per b1Shel for the
principal brains, according to the
weekly Grain Market Review of the
United Stctes Bureau of Agricultural
Economics. Relatively fir foreign
markets and light offerings of feed
grains in the domestic markets tend
ed to check the downward movement
of the market and gave u relatively
firmer tone to the cash gran4 markets
toward the close of Tie week.
Generous rains in The soar western
and western portions of the winter
wheat belt were very beneficial and
soil moisture is now generally ample
over the entire western section of the
belt. Weather was also favorable In
the spring wheat areas and seeding
is now practically completed. About
90 per cent of the Canadian spring
wheat acreage has been seeded &C
cording to the first crop report of thu
Manitoba Free Press with 65-70 pc
! cent of the seeding completed by Ma.
10. An increase of around 10 pc
cent is indicated in the seeding of tn
prairie provinces which would sugges
a total acreage slightly above the rec
= ord area of 23,261,0 900 acres in 1922
>, The amount sown on summer falloN
: in the prairie provinces varies fro1
D. As per cent in Alberta to go per Ger
in Manitoba. Seedlings on newly brow
en- land amounted to per cent {
- the area in Manitoba, 5 per cent
- Saskatchewan and 10 per cent in A
berta. Subsoil moisture is abundal
!!g and the condition of the seed bed
IN excellent.
ne Prospects in European countri
. are not so favorable. Crops have be-
~ adversely affected either by the S
- we're winter or by the late cold spril
oy in France, Jugoslavia, Hungary, Ro
IA mania, Austria, Czecho Slovakia,
" land and Germany. This has result
=, in much heavier abandonment tn
cd usual. The condition of the crops
al below average and warm rains a
warm growing weather are baC
a. needed in all areas, with the except
III of Italy where grain crop prospe
VI VI are good.
. .,.1 WHEAT: Domestic wheat pri
i nf declined about SC per bushel, N
IL wheat at Chicago closing May 10
laJ STAT 5-8, reflecting the improved
~ nestle crop conditions. Foreign m
:. kets, however, were relatively fir
80 with Liverpool prices showing a
- cline of only about &c per bushel
~ the week. Native wheat was sligl
L. - a. A.
W Italy, Germany and Denmark.
90 tive wheat of good milling qua
+Sat was quoted at Hamburg at $1.85, I
-l &c, is $190, Milan $2.13, and Copenha
S $1.55. American Amber durum
, ,plo Quoted at Genoa at $2.15 per bus
49,, 49,, No. 8 Canadian Manitoba for
Ny shipment was being offered at Lii
DE- da pool at $1.58, 63 pound Rosafe af
~ at $1.53, and Australian wheat af
La La at $1.65 per bushel.
neen Prices of cash wheat in dome
oun- markets declined with the futures
protein premium for hard winter
seed spring wheat held fairly steady.
and per cent protein No. 2 hard wi
this vas quoted at Kansas City at ST..
to $1.55% at the close of the maj
May Is. This was 9c-15c over
July price. Recent high premium
f the soft winter wheat was lowered
ming ticularly at St. Louis where soft
winter declined 15c-20c per bl
during the week as a result of
substitution. of low protein hard
tiers and the accumulation of !
wheats from the Pacific coast. ]
red winter was quoted at S1.7O-
in that market at the close OF
week. Declines in soft winter '
prices were less marked in other
kets, No. 2 red winter being a
at Cincinnati at $191-$1.93, I
S1.941s- 1861, and Chicago 81.
$2.01.
Premiums on spring wheats
lowered 1c-2c per bushel as a
- of the slow milling demand. 1
49, cent protein No. Dark Norther
$ quoted at Minneapolis at 9c-13c
the May price, which declined
m and closed May Is at S1.45 per
ell. Ia per Ger cent protein of the
grade was quoted at 43c-48c ov
80 Nav price. No. l Northern Ma
;:sS-S5ss was quoted at Winnipeg, Nav /
!, Writ S1.55 So. The durum market
: .eIect- quiet with premiums fairly stea
!, con,- cause of the light offerings.
: ooeT- Nav declined 1-8c and close,
Z o Srr 18 at S1.34 7-S. No. 1 Amber
quoted from &c under to 25c ov