The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1929-06-28


Trade reports suggest that the
combined outturn in Roumania, Ju.
goslavia, and Hungary may be six.
ty to sixty-five million bushels be.
low that of last season. This NAV
about offset the prospective in.
crease in the United States, India
and North African countries. Idea
seeding weather prevails in west.
ern Australia and light rains i'm.
proved conditions in eastern Aus.
tralia during the week. Weather
is dry in Argentina and seeding is
being delayed in southern wheat
growing areas.
WHEAT: Cash wheat markets
generally followed the advance in
futures but at Kansas City premi-
ums decreased 1c to Sc although g
good demand prevailed for all types
of weat. Receipts at that market
were quite large with farmers and
country shippers disposing of old
grain before the new harvest. Foul
cars of new Oklahoma wheat were
received during the week. One cal
graded No. 1 hard winter, testing
62.2 pounds, with II per cent pro-
tein, and sold at the July price of
991ac on June II. One car graded
No. 1 dark hard, testing 62 pounds,
with 1910 protein, and sold on the
same date at SC over the July. One
car of No. 1 hard, testing 60 lbs,
with 13.0596 protein sold June Is
at 7c over the July price of $1.O3
"a. Old No. 2 hard winter 1870
protein was quoted June Fl at 1c ia
4c over the July price of $1.O4 7-S,
and 1870 at 7c to lie over. Mills
were the best buyers of the better
grades but elevators and shippers
also took amounts.
Soft winter wheat was in good
demand but inquiry was limited to
the current need of the mills. The
prices of soft winter were advanc-
ed sc to &c at Kansas City and the
decline at st. Louis early in the
week was fully regained toward the
close. At the latter market No. 2
soft red winter was quoted June
21, at $1.26-$1.27 per bushel. Of
ferings were almost negligible at
Cincinnati but liberal receipts were
expected with the movement of the
new crop.
Spring wheat markets were de-
cldedly firmer than the winter
wheat markets and premiums for
milling wheat were increased &c to
&c per bushel at Minneapolis in adj
dltlon to an advance of about 4Ac
in futures. All offerings of wheat
suitable for milling were readily
taken. Duluth buyers continued to
compete with Minneapolis buyers
for wheat at diversion points. No.
l Dark Northern II per cent pro-
tein was quoted at Minneapolis
June q at &c to SC over the July
price of $1.09 7-8; 1870, 11c-15c
over; and 14%6, 20c-29c over the
Minneapolis July price. Durum
wheat shared in the advance oil
other classes of spring wheat but
premiums were unchanged. No.
Amber and No. 1 mixed with 12%
protein were quoted at Minneapolis
and Duluth at the July price Of
S1.O1% to 25c over, while 1870 pro
tein of the same grade was quoteC
at Duluth at &c to zoe over tn,
July, which advanced 3%c for tn,
week.
Pacific coast wheat markets con
tinued quiet with prices mostly ou
of line for export business. Rain
during the week improved crop con
ditions in the Big Bend and cen
trail Oregon districts and anothe
good crop is in prospect. Presen
indications are that the carryove
will be unusually large but yer,
little buying of new crop wheat ha
yet taken place. Local prices ar
about &c above any export bids
White wheats were quoted nomin
ally June Fl at Portland $1.14-$1.1
per bushel. Wheat threshing
progressing slowly in central Cali
fornia. Mill demand is rather slow
Foreign wheat markets wer
mostly higher than a week ago bu
the advance was less than in tn
domestic markets. At Winnipe
cash prices advanced only as muc
as the futures and No. 1 Norther
Manitoba was quoted in that mai
ket June Fl at $1.19 3-8. Price
of native wheat in Europe hol
practically unchanged with GOO
milling wheat quoted at Hambu1
$1.48, Paris $1.61 Is, and Mia
$1.86 per bushel.
/. RYE market was firmer wit
wheat but was also influenced
less favorable crop prospects. II
stand is thin and the grain is hea
ing short in many areas, accor
ing to trade reports. A good d
mand prevailed at most marke
for good milling rye, receipts
which were light. July rye at Mi
neapolis advanced SEC for t
week, closing June Fl at SAC. N
2 rye in that market was, quot
84c-91c and Rosen quality 96c-9
| per bushel. Quotations at ChicaI
were largely nominal as only
occasional car was being offere
| Spot rye was quotable at &c to
over the July price of 86Ac. \
2 rye was quoted at Omaha at s
| per bushel,
| CORN market held steady with
good demand prevailing for
moderate offerings. Considera'
corn is yet implanted in Missor
and the crop is very irregular
Iowa. In other areas, however,
crop is making generally favora
progress and has responded rap
ly to the warm, dry weather.
ceipts at Chicago increased mat
! tally during the week but a la
. percentage of the arrivals were
fill old contracts and no great