The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1928-09-07
REVIEW OF The GRAIN MARKET


the week August 25, which is the
on record. Export demand continues
limited but mills continue to be fairly
active BUYERS although flour demand 1
is less active following the heavy i
sales early in the season. High pro-
tein wheat is being readily taken
with 1920 protein quoted at aKnsas
CITY at &c to sc over the September
price of S1O3 3-S. 121a96 protein
was bringing to cents over and Ii
per cent to 13 cents over the Sep
TENDER price. Low protein and low
|, grade wheat sold slowly. Hard whit
err wheat prices were advanced &c to
Sc at st. Louis where No. 2 hard win
ter was quoted August 81 at $1.121S
to $1.13. No. 2 hard winted was quo
ted at Omaha at $1.011a to $1.11h, I
depending upon protein. Export bids
at the close of the week were around
S1.19 per bushel for No. hard winter
delivered gulf ports and No. 2 hard 4
: winter was quoted at Liverpool at
3 S129A compared with quotations of 4
S1281a for 60 pound Rosafe afloat, |
: S1.37 So for No. Manitoba, October
Il and November shipment and $1.35%
! for Australian afloat.
y Soft winter wheat prices were ad-
u vanced sharply in the central western
! markets as a result of limited offer
3 ings and urgent mill demand. At Gin
! cinnati No. red winter advanced "a
! bout &c and was quoted at the close
: of the week at $3.50 to $1.51. Poor
% grades were readily taken with the
> better wheat Wheat suitable for
l sed brought premiums of 10 to Is
- cents over the milling quolity. No. 2
=. red winter was quoted at st. Louis
= at $1.45 to SLAB with receipts below
"a market requirements. No. 2 red win |
" ter was quoted at Toledo at $1.51 to /
se $1.52.
q Premiums on spring wheat were ad-
{. vanced somewhat during the week at
y Minneapolis with dryness and color
~ rather than protein commanding the
III larger premiums. No. 1 dark nor
nSf them 1870 protein was quoted in that
VI market at SC to 10c over the Septem-
ny Der price of $1.O8 SIS, Aug. 81; 1870
-, protein was bringing 16c to 22c over
80 and 149o "a to 80 cents over the Sep
ee TENDER price, 1870 protein No.
~ Dark northern was quoted at Duluth
az at 17c-24c over the Minneapolis Sep
III TENDER. Durum wheat held very firm
Dry with a large percentage of the re-
&c ceipts of poor color or smutty. Good
u milling quality was in active demand
ns, with No. 1 Amber, 1870 protein quot
'Ce4 ed at Minneapolis and Duluth at 10c
lea' to 15c over the Duluth September
rom price of $1OO%.
can Red durum was being readily taker
in at Minneapolis by feed manufacturer:
bels at 95c to 96c per bushel.
RIGS Movement of wheat to the Pacifi,
Coast markets was reported igh
with farmers. not inclined to sell a
nter current quotations. Few sales wer
eted being made at Portland and consid
de- cradle wheat was said to be going in
the to storage. New business was high
heat but soft and western white were quot
a to ed in that market at SLIP to S1.1
,hels per bushel. Trading as also slow 6
San Francisco where No. 1 hard whit
was quoted at So per 100 or S1.2O pc
the bushel and No. 1 soft white at SIS
,ther per 100 or SLIT per bushel. Thel
girls was very slow demand for whe;
as at Los Angeles and $1.90 per 100
S114 per bushel was being bid fl
Nv be Ne. 1 hard winter wheat in bulk wi
D Sc So per 100 or $1.20 per bushel aske
1t in CORN
fore The corn market developed som
Ill of what firmer tone during the we
God" both in the futures and in the ca
ecent market. The new crop was report
ed as to be making generally favorat
Jniteo progress but some damage from ne
and drought was reported in Kans
ntana and Nebraska which tended
; con- strengthen the market. Light ]
United ceipts and diminishing stocks of
l be- corn caused an active cash mari
con- and prices held firm with No. y
low selling from 95 to 81 per bus
cover in the principal distributing marke
that L Market stocks have been reduced
around 100000 bushels which, W
IN the the small stocks on farms, indicate
pposl- close adjustment of supplies to m
evenue ket requirements before new corn
ak, oil available. No. 8 yellow was quo
t have at the close of the week at Chic;
million at S1O11h to S1.02; Kansas City
ut for to 81 cents; Minneapolis 99c to
,ck in Cincinnati $1.05 to $106. No. 2
home low was quoted at st. Louis at S.
and No. 2 mixed at Omaha at
vernon per bushel
he Gre OATS
, +, O wlllcn Receipts Of oats at the prime
le sao markets continues relatively light
: years a large percentage of this seas
re , .a3 crop is apparently being required
'm 100 repIenish exhausted farm sto
'er acre Since the first of August, howe
market stocks have been accuml
TAX per inc and at the close of the week
IN lSzO inc Aug % about 13 million bus
were in store at the principle mari
Tax i: : per This compared with about 10 mi
III lSzo bushels in store a year ago. Den
has been active nom shippers
70 snow elevator interests and prices adva
patneuc about 1h cents tol the week en-
rlculture n,1o,,et 81. Cash oats advanced
bout &C the the futures market and at the
you en- IF tbe week No. 2 White oats
On moted at Chicago at SO to Al c
eve that Minneapolis 95A to S7A cents al
Senator Naiis"s RARIEY
again a-,-o4 e.,
fidelity The barley n,n nord n 90 NTH.
'''"' at meg i've large supply. Large
were were made early in the season
a Scotch c ~o to trade reports and Gu
'so'0i- oeeor;pos are being readily TAX