The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1929-06-21
Grain Market Unsettled;
Weather Is a Big Factor

The g 4ba week ending June TO-
during .ts tl' largely by weather f CON con,
dominate. ard varying reports OF crop
ditiOns anu o1+ ,' in important prOdiuc-
DEVELOPMENTS According or in to the weekly
ing ar9 Tsrket Review of the , INIT
Gran 9to4 as' Bureau of Agricultural
ed states " Winter wheat cOntin-
Ec G make generally. fa a STtae
ued .r 10 both both in the United States e:
progress ' D Spring wheat IN
T a9a h America made good grown ,1'oi -
A No. ratber limited sub-soll moist
but i %"s,ir-ticuIarly in Canada, EN-
uTe' pa tbe need of favorable
pn narinr weather with adequate
grown airing June and July for con
RAM RAM favorable progress OF the
c Il,lT The com crop continues PACK
cIopi hit made some Improvement
T S;nr - The week. Prices were not
d Llngad materially from a week
c.a"S At the close Of the market
4 1Uo "a, wheat was about a cent
i yuns corn . cents higher, oats
l ,o0"oFS.anged. rye 2 cents lower and
E st, afout 2 cents higher than a
week ago.
domestic winter wheat crop OF
e2o 1lSCCO bushels was indicated
49,, - limo condition of 1916 pc
W oot This was an increase of about
S SS-GoOGOO bushels over the indi-
o .oted production May and if real
;1e5 will give an outtum about 49,
mn mo- bushels larger than last
s S The improvement during
Nov Nov was mostly in hard winter
y ~beat. the outturn of which now
n n, to be about 372,0OO,OOC
bushels smaller than last year
The soft red winter wheat crop
will total 198,OO0,O00 bushels, OF
sbout 100000 bushels more thar
last season. The crop of white
winter wheats which are grown
nrincipally on the Pacific coast is
ppvppcted to total about 100000
bushels, which is nearly 100000
bushels below last years outturn
harvesting of new winter wheat
crop is getting underway in Texas
and Oklahoma and the first cal
Of new wheat from Oklahoma was
received at Wichita during the
week. which was practically the
same time as that at which thu
first car arrived in that market las
season. Harvesting in Kansas il
expected to begin in about ter
days.
The condition of spring wheat il
the United States June 1 was 84.S
Der cent of normal, compared will
70 per cent a year ago. Cool wealth
er has delayed growth but tn,
plans are reported strong and wei
rooted, except in western district
Of North Dakota, where the stant
is thin, due to poor termination
as well as deficient moisture il
May.
The condition of wheat in Can
ada was officially reported June
at 100 per cent of the 10 year av
eIsge yield, compared with 100 pc
cent of the previous 10 year aver
age year ago. Because of tn
different years included in thos
averages last season, however, tn
condition of 100 per cent June
this year indicates an average yiel
Of about III bushels per acr
whereas the same percentage las
season indicated a yield of onl
l5.S bushels. The final averag
yield of wheat in Canada last yea
was o. bushels per acre. TIL
weather during the first part G
May throughout the prairie prov
nces was generally cold and DIR
out toward the last of the montl
me weather was warmer and COZ
GltOns were materially improve
oy generous rains in most area
SuO-soll moisture, however, is r,
ported deficient and continued fa7
OraOle weather with adequate rair
yields.
Crop conditions in Europe al
also generally favorable althoue
somewhat backward. Wheat ha
yeStmg in Germany is expected
Ie ABOUT three weeks later thu
last season. The Italian crop
maturing well and an average crc
Is expected. The condition of Il
french crop June l was slight
1eSS favorable than a year ago b
mas SHOWN some improvement sin
MAI time in some areas. T
Nort1 African harvest is nearil
completion with a material
crease in Outurn over last seas
u prospect. The combined whe
nary tarves t of Algerios and Toroc
W vU.dl toV4O6,OOO bushels compar
C C''n to:z'495,OOO bushels last We;
rou1 in Tunis and Egypt q
reported favorable.
s WHEAT: Cash wheat mark,
-.uctuated with futures during 1
r JeeA and there were no mater
vuanges in premiums. Cash VIII,
K KaS signify firmer than futures
tio "riSaS as City where a good prop
On Yn OIL 81 the arrivals was on pre-
fs;,, contracts to arrive. Mills W,
of ~ active buyers and took m
U \, tne offerings of medium to h
o orTSel IN wheat. Shipments were
sto : moderate volume and mar
l95 mo were reduced only alb
500 NOO bushels, leaving nearly
U m0, bushels in store in I
seasoe '' which is a record for |
Il o' ~ Of the year and threat
ma u weakening factor in t
cr rorAet If the movement Of J
? NV wheat is unusually heavy.
n,d nard winter wheat p ne1 ,
! yr0'el3 was quoted at Kansas K gaf
prico - - at &c to sc over the j..
to :. OF $l.OO S-S; 1914 per cent
i2c &c GOV, over; and 10 per F cent te 8,
w wiz over the July. No. ? soft .
er the was Vas quoted at &c to 1Oc
wheat from Omaha were Srip par