The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1929-08-16

ing used in harvesting which will
probably save a large portion of
that grain, which might otherwise
be lost. The influence of the proba-
BILE shortage in the Canadian crop
this year, however, will be partial
ly offset by a record carryover of
old crop grain. Complete statistics
of the carryover Of old wheat are
not yet available bIt commercial
stocks in Canada are over 25,00O,-
900 bushels above the stocks in
the corresponding position a year
ago, when the carryover was
placed at rs million bushels. Avail
able statistics OF the grades of
grain in store indicate that approx
imately one-third is No. 8 or bet
ter with about two-thirds falling in
the lower grades.
The condition of the northwest
ern European crop showed some
deterioration recently and rains
were delaying harvesting in
France. French native wheat, how
ever, was being offered freely al
though local millers were reported
to have made further purchases OF
Yugoslavian wheat. Southeastern
European countries were offering
wheat literally and trade estimates
were placing the exportable surplus
from this area at 40 million bush
els, Notwithstanding the reduction
indicated in the preliminary har-
vest forecasts. Preliminary esti.
mates of the German winter wheat
crop indicates a production of III
million bushels compared with 12T
million bushels harvested in 1928
This represents roughly four-fifths
of the total German wheat crop.
Conditions in the southern hem
isphere continue dry, altho consid
cradle late seeding is indicated il
Argentina, which may tend to par
TALLY offset earlier indications o.
reduced acreage. The new crop out
look of eastern Australia CONTINUES
poor but is good in the western
areas.
WHEAT
The heavy movement of neV
crop wheat, together with the larg
stocks of old grain in store, wa
a weakening factor In the har,
winter wheat market, especially
during the first half of the week
However ,as prices declined tn
pressure of offerings of cash whea
subsidized and the market becam
steady. Domestic flour demand i'm
proved and mill buying agains
flour sales tended to offset some
what the influence of the othe
weakening factors. The protei
content of winter wneas appear
to be above that of last year. Kan
sas state protein laboratory repor
ed an average of 11.949o protei
content in July on wheat receipt
compared with lisp in receipts r,
ceived during the same month la
year.
Premiums on cash wheat I
vanced near the close of the wee
at Wichita, but the cash mark
was about SC lower than a wee
ago. Demand was more active Wi
large export and flour trade at Il
! lower price level. Market congo
f ton at Omaha Was diminishing al
the cash basis improved sonewh
: with a better demand from mil
: exporters and elevators. No. 2 ha
O winter 1870 protein was quoted
: August 9 at Kansas City $1.25
S1.27 compared with $1.31 to 81.
i a week ago. No. nard winter W
: quoted at Chicago at $1.27
$1.281a anu No ! harl IL to
per cent sproteil at Omaha at 81.
. to $1.2173. NJ 2 hard winter W
: quoted at st. Louis at $1.27
E $1.28 or about &c under No. 2 81
red wheat.
Production of winter wheat
indicated by the preliminary es
II mates of yield August 1 was Sc
> 233, 900 bushels, a reduction of
1 bout 14,259,000 bushels from
o July forecast. The production
+ hard red winter is placed at alb
" 33O,167,0 900 bushels or around
100000 bushels less than the j
forecast and around 81 mill
bushels less than was available
past season.
Prices of soft winter wheat W
also lower than week ago. l.
of storage space and the emba'
by several railroads against inct
ing shipments were largely resp
NJ sible for the quiet market at {
~, cinnati and under the Influence
" ~ the weaker options, prices decli
a. al below thase of week ago. H
e ever the demand was ex :ellant
- some sales were reported for
us p>l.. LEGAL inquiry was g,ri
* S.. Louis and outsid mills v
ItIy moderate buyers. No. 2 red VIII
.ei Yves nosad Il st. L .u,e st 81 81
. &C. $1.31, at Cincinnati $1.27 to 81
,i i and at Kansas City $1.22h to
ho' 25. A soft red winter wheat