The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1929-08-30
Wheat and Feed Grain OFFERINGS
Exceed Demand, Flax Is Steady

net loss of SIC for the past week
Inc durum market was cononora
Lively weaker than spring Wheat
put the better amber grades were
III steady demand. New crop amber
durum -f3 to Is per cent nrot tn
was quoted at Minneapolis at 81 ~
loc over the Duluth Senfauher
which closed August % at 81 % 70
inns future had decline 73-8c fou
the week. oc Aor
racine coast markets were oen-
erally quiet with prices Somewhat
lower for the week altho price de-
cnnes were not so great as in tba
eastern markets. - - Vic
RYE
Rye futures were RELATIVELY
stronger than wheat but spot rye
was easier. Receipts continued n
De large but good demand was evil
oenced for the good milling ouali-
Ties. Rosen quality rye was onotad
at the close of the week at 81 nil
and No. l at 95Ac to 81 ,OOT and
NO. z at 95A to 99A cents per
oushel. Arrivals were heavy at Chi.
cago resulting in lower cash nric-
es relative to futures. No. 9 rye
was. selling at &c to 4c under Sen
tember futures at the close of the
week compared with 11hc under
week ago. No. rye was quoted on
August % at $1.0OA per bushel
CORN
Corn futures held fairly steady |
with unfavorable crop comments |
but spot corn was relatively weak |
er as result of moderate market
movement, limited storage facili- |
ties and only a fair inquiry for |
that grain. Recent rains had bene-
fltted the crop from Ohio eastward |
put elsewhere in the principal pro-
duclng sections rains are general
ly needed. Stocks in store are nm
usually light. Premiums at Chicago
especially for the better grades,
declined sharply compared to the
futures and No. 2 mixed was QUOT
ed at the close of the week at
$101% to $1O2A.
CASH OATS
Cash oats We're influenced bv
the heavy movement and slow de-
mand and prices declined. Futures
were relatively stronger than spot
prices, rejecting the firmer under
tone of the market with the steady
corn futures and the prospective
smaller oats crop. Choice quality :
oats met fair demand at most
but interest in the lower
grades improved near the close Of I
the week. No. 8 white oats were
quoted at Minneapolis at 3Sc-3815c,
Chicago 41c-421ac, and Kansas
City 43c44c per bushel. This grade
was 3c-4c lower at Chicago and
Minneapolis than a week ago but
only about lie lower at Kansas
City where the light receipts met
a fair demand.
BARLEY
Barley markets averaged weak :
0ut were fairly steady at the close :.
If the period August 1924. Lower :
wheat prices, larger visible sup .
plies of barley, moderate receipts, =
slow export inquiry and only fair :
domestic demand were the princi- =
pal weakening factors and prices :
averaged lower than week ago. 4
Early arrivals from northern Iowa, !
southern Minnesota and southeast !
ern South Dakota were of good !
mailing quality. Testweight of q
.hese arrivals was about equal to !
hat of last year and offerings I
we're generally free from stain. Il
inquiry for feeding :.
grades at Minneapolis tended to
mold cash prices steady toward the :
close of the week and choice to :
fancy mailing barley was quoted at =
medium to good mailing
and feed grades 49c-52c !
per bushel. Mailing barley was
quoted at Chicago at 57c-62c, and :
feeding 52c-55c per bushel.
FLAX 2
The flax market held steady, re- !
flecting the prospective short crop.
Demand was moderate and altho
receipts were fairly large elevator I
were generally decreased.
Stocks of flax in store at the prin-
cipal markets showed further de-
cline and only $4,000 bushels were
in store at the first of the week
with 272,000 bushels for
the previous week and 4S9,OO0
bushels a year ago. No. 1 flax
sold at Minneapolis on August %
at the September price of $780, I
to &c over Argentine linseed was
quoted c. i. f. New York for Aug
ust delivery at 1921 and Septem-
Der shipment $2.321k per bushel
futures closed at Buen-
os Aires at $2.12 1-8 and October !
futures at $2.12 5-8 per bushel. Ar
gentine shipments increased sharp {
ly totaling nearly 100000 bush {
els, of which $4,000 were destined !
to the United States and $4,000
to Canada. Since the beginning of
the Argentine crop year January 1,
56,197(000 bushels had been ship
ped compared with 52,718,000 BUSH
els during the corresponding period
last year.