The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1929-08-30


week ending August "a with offer
ings generally in excess of the pre-
vailing inquiry, states the weekly
grain market review of the bureau
of agricultural economics. The
market was irregularly lower
largely as the result of a dull ex.
port demand and increased stocks
of wheat in store at the princinol
markets from the continued heavv
movement. Feed grains also declin.
ed with corn relatively stronger
due to the unfavorable crop condi-
tons, than either oats or barley
Flax holds fairly steady with mod
crate offerings meeting a good de-
mand.
Harvesting of grain crops in nor
them and central Europe is pro-
crossing rapidly under favorable
weather conditions. Production in
Denmark is reported above the av-
erage and the German harvest is
making good progress with quality
OF early offerings good. German
root and potato crops have been
benefited by recent rains and o,ood
outturns of these crops NAV influ-
ence the market demand for grains
Private advices from France con-
firm good yields of high quality
grain with fairly heavy stocks of
old crop still available. Liberal of
terlngs of native grain also bear
out the existence of plentiful sup
plies. The Russian harvest is we'll
advanced in the southern district
put the government collection for
distribution is somewhat below ex-
pectatlons. Later seedlings appear
to be filling well. The monsoon
rains in India are extending over
the important wheat areas md the I
OFFICIAL forecast for these seasonal
rains is normal or in slight defect |
IN the principal wheat growing sec
tons. India has had a series of RAJ
Their short crops and should the
monsoon rainfall be favorable the
outturn of the Indian crop NAV
provide some surplus wheat for the
world markets during the later
months of the current year. April
through July. The influence of anv
surplus in India is augmented by
the time of harvest, which is the
[irst among the northern hemis-
phere countries, thus permitting
shipments of new wheat at the
time when world supplies are sea,
sonally low.
Rainfall in important wheat pro-
iuclng areas of Australia has i'm
proved the outlook for the wheat
crop altho some reduction in the
area sown is reported. In the Ar
gentine dry weather continues and
ain is urgently needed in many
Conditions in Buenos Air
IS, the largest wheat producing
province, are fair but rain is need ;
ID soon to prevent deterioration.
n Cordoba, the next largest pro-
iucing region, and in Santa Fe
ain is urgently needed but in Pam {
"a conditions are fairly good. The y
:ritical period for the wheat crops ]
# these countries is in general
rom October through November {
md the outturn for the current ]
rop will be largely dependent up
N weather conditions during these
WHEAT
Continued heavy movement with
10 general improvement in demand I
.aused prices Of hard winter wheat t
o decline to level below those of
! week ago. Export inquiry was
lull but domestic takings were of
air volume. Shipping demand
lackened somewhat at Kansas City
,ut shipments from that market
we're about equal to those of a
7ear ago. Mills were limited pur-
,hasers at st. Louis due to the gen
raj lack of storage space, but de-
nand at Cincinnati was excellent.
Choice milling wheat was in active
'equest at Wichita but a slow de-
demand was evidenced for the
light weight and off grade wheat,
No. 2 hard winter 1870 protein was
quoted at Kansas City August %
It $1.25 to SIPS compared with
,129 to $1.33 week ago. No. 2
lard winter was quoted at st. Lou
S at 1927 and at Cincinnati at
51.32 to $1.33 per bushel.
Soft winter wheat prices declin-
ID with offerings in excess of the
demand. Receipts continued heavy.
The better grades were in active
INQUIRY at st. Louis but mill in
Iuiry was slackening somewhat. 4
Mill demand at Cincinnati was I'M
Usually active but practically no
wheat was sold for export. This
wheat wa slower at Kansas City
with hard winter wheat despite the
light receipts. No. 2 red winter was
quoted at st. Louis at the close of
the week at $1.32 to $1.33; Cincin-
natl $1.34 to $1.35 and Kansas City
at $1.247a to $1.26 per bushel.
Spring wheat was steady at the
close of the week with somewhat
less competition from the winter
wheat. Harvesting and threshing
in the principal producing sections
was nearing completion. Liberal
together with the short
age of storage space was a weak
nniy,o foo+o,. lo,,f f1o,7,. mill demand l