The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1928-02-17
Market Sharply Higher; Wheat
Corn M~.A RIVE and Oats Dull But
Shear!' .rii Flax Slightly Higher.

Corn Markgt ' and Oats Dull But
harley AMI Flax Shgh'ly hisher'
to,n advance in the corn prices
A Sii" zee of continued heavy re-
IN llV fatrred the grain market dur
celp..Is IL i% ~ek ending February II, ac-
ing , !he Y 70 the weekly Gram Market
GoLGn2 of the United States Bureau
hs'iC gTricultural Economics. The do
OF ~ a. wheat market was weakened
mel ,!Eitiv bv general rains in the
sHsm ,rbt areas but the world market
dIO .;s5ned firm Notwithstanding the
eo iIot;roIv large shipments Of new
1T rem wheat from the Southern Henri
cI I5ore RIVE and oats were dull with
s,Pl'ard limited for Caeee grains. An
0e .;--o demand for the light receipts
a az harley and flax advanced plILes CT
u .Lage Grains slightly ND oAerlngS
were readily taken.
V,bire SHIPMENTS of wheat tom Ar
u.,+ir9 aid Australia nave ,otaled
ssvonrd 100000 ou,Glig per week
ZINC the past few weeks, arrivals
u luunaT3entIv are being we'll absorbed at
tba European marke,. and lrices at
II-;;,.ernool are holding firm. At the
aiose Of the market february -, Liv-
srnool quotations WEI pr~c;i"3I.y the
.sne as week ago III ON the
Warcb and May deliveries rices of
fars;on wneats delivered : erpOol
we've WEI not materially ch@,'c54 from a
week ago Sixty fou. poIn; Rosa Fe
rboat 10 arrive" fron ATgeu TIA was
onofpd at S1.43 per brsncl ~ No. 1
Manitoba arrived IN prrt 1.s Idoted
atS162&. No. 3 Manitoba was quot
Cd at S1.54l4 and U. S. No. hard
winter at $1.5212. World prices of
native wheats in European markets
reflected the larger supply of foreign
wheat. Native wheat was quoted at
tbe close of the week at Hamburg at
SL51&, at Paris $1.56, at Milan
$780,, and at Copenhagen $1.31.
WHEAT: General rains over the
dry western wheat area, together with
the limited export demand weakened
the hard winter wheat markets and
caused a sharp decline in prices early
in the week. Strength in corn, how
ever. together with continued active
buving by mills caused an advance lat
er and at the close of the week prices
of good milling quality gram were
1c-9c higher than at the close Of the
previous week. II per cent protein
No. hard winter was quoted at Kan
sas City at 10c-loc over the May
price, which closed February 10 at
$1.23 3-S. 10 per cent protein brot
2Oc-2Gc over the May price. 1919 per
cent protein No. 2 hard winter was
quoted at Omaha at $1.39.
Soft winter wheat reachde new high
prices on the crop at several of the
markets, influenced by a relatively
light supply and an active demand
from Southern mills which were re-
plenishing depleted stocks. No. 2 red
winter wheat was quoted at st. Louis
at $l.51-$1.55, Cincinnati $1.491a, To-
ledO $1.4712-$14812, and Chicago
$l.5O. Trade reports indicate consid-
cradle winter injury in Ohio and In
diana which was also a strengthening
factor in tributary markets.
The demand for spring wheat was
less active and premiums for cash
grain were lower, particularly for
lightweight high protein lots. IL per
cent protein No. l Dark Northern sold
at the close of the week at Minneapo-
lis at 9c-l4c over the May price which
closed February 10 at $1.25 3-8. 10
per cent brought 28c-33c over the Nav
and IA per cent 40c-45c over. The de-
cline IN prices of high protein spring
wheat tended to narrow the difference
between the domestic and Canadian
cash prices. No. Northern Manitoba
closed February 10 at Winnipeg at
Sl'4O, which would compare in a gen
efal way with high protein types of
NO Montana hard spring, which
were quoted at Minneapolis at S1.64
o-o-Sl.O SO. Premiums on durum
wheat were about unchanged. Mills
were active buyers of good color high
PIoIeln grain. Best premiums on No.
Or AMBER and No. l mixed were about
zVe over the Duluth May, which clos
N, u"Ay ~ dI D1.ZU 90.
Inc wheat market at Portland was
weaker as result of a lighter de-
n iId Country offerings were LIGHT
sl'nOugh liberal supplies are available
Ill mat territory. Soft and western
Of ni" t "heats were quoted at the close
81 Oh Sae week in that market at S1.26-
g v, Small parcels of western red
S %meaI We're being taken by Oriental
S6 u!!t at around $1.22-$1 2219 PEI
S 6oS, mel The wet wheat is reported ia
Io mostly disposed of. High protein
tScal wheat was in active demand Al
S U%n francisco where No. l hard white
n ~l,eaG was quoted at $2.4O per 1OC
E pVuiIuS The Los Angeles market was
" %,%ker' California Baart wheat being
g gS' sacked, at $3.50 and feec
"1 T61S at S2.2212 per 100.
for I'm AZ a continued active demand
I corn the relatively large offerings Of
on V.E created a firm market for thai
Sn S5a ana prices advanced 2c-3c pei
fbo sl ell, Cash prices did not follow
m rre Iull advance in futures in som,
aEaaet but offerings were readily
% UJSSOfOed during the past two week.
Co meG the receipts have been large
ev r,olteraole corn has been taken fo1
ere PJ b out demand from foreign buy
n ,S became less active at the highe,
p p.,0eS; Ocean freights have been adj
corn ,e e. slightly and New Argentin,
beino ior ss April and May shipment i
Onot s offered at around zoe below
41O'atOnS on United States corn an