The people's voice. [volume] (Helena, Mont.) 1939-1969, 1942-03-20
GRAIN MARKETS
SHOW TAGGING
TENDENCY

from the weeks low point, grain mar
kets with the exception of flaxseed
again showed tagging tendency dur
ing the week ended March IS, ac-
cording to the Department of Agricul-
ture. Even though wheat at one time
showed an upward reaction of al
most &c from the weeks low point,
prices showed little net change for
the week. A stronger trend was pro-
NOTED for time when house approval
of the parity price rider to the agri-
cultural appropriation bill stimulated
demand to some extent and brought
after weeks of Indifferent interest.
However, mills already have large
volume of flour orders on their books
and are as greatly concerned at this
time in securing directions on old con-
tracts as in placing new business.
Feed grains were dull and listless as
the country seemed inclined to move
out remaining supplies while shipping
demand at terminal was but fair. Flax
prices were again sharply on the up
trend with an already active demand
stimulated further by the shipping
situation in the South Atlantic. Braz-
il withdraw her merchant ships to
home ports, which further complicated
movement of flaxseed from South
America to the United States.
The Commodity Credit Corporation
reported wheat loans through Febru-
airy at $685. 900 bushels and corn
loans totaling 88,144,000 bushels.
Loans on 17,9O5,OOO bushels of wheat
have ben repaid. The loans on corn
to date have averaged 73c per bushel.
At the close of February the CCC held
approximately 21,249, 900 bushels of
1889 and 1910 crop wheats and &c.
100000 bushels of corn from the 1888,
1889, and 1910 crops.
WHEAT: Winter wheat is begin
ming to show some growth as far
north as the central Ohio Valley in
the east and to Nebraska in the west
ern part of the belt. The general
condition of the crop remains good
although some damage from heaving
is more apparent in southern valley
are becoming progressively worse and
the condition varies greatly ranging
from poor to fairly good. In the
northwest and more western states,
the outlook continues generally favor
able. Because of wet soil, spring
grain seeding is still inactive.
In Canada precipitation at repre-
sentative stations in the prairie pro-
vinces during February was 80 inches
compared with a February normal of
81 inches. The loss of snow cover
by mid-winter thaws resulted in soil |
drifting at some points in Saskatch- |
evan and Alberta Weather continued |
variable in Europe with temperatures |
fluctuating sharply over wide areas.
Severe freezing with some snowfalls
were reported in numerous sections.
The 1912 wheat harvest has started |
in India. Rains in February improved |
prospects and an average crop is now
expected. The Argentine govern
ment estimates the exportable wheat
surplus at nearly 236,500, 900 bushels,
or about 72,500,000 bushels more than
at this time last year. Argentine ex-
ports since the first of January have
totaled only about 100000 bushels,
most of which has gone to Brazil and
Spain. The Argentine grain boards
export price of grain remained I'M
changed at 55Ac per bushel for
wheat, 80 Il for corn, "a 1s C for oats,
and $1.3SB for flaxseed.
The Canadian government has an
nounced that the payment for 1912
wheat will be 901ac per bushel, basis
No. l at Fort William and Port
Arthur. 1t is the intention of the
wheat board to accept delivery of $780,
100000 bushels or 50,000,000 bushels
more than in 1941 The minimum
price for barley will be Coo per bush
ell, Fort William, for No. Canadian
western and 45c per bushel for No.
Canadian western oats. The price
Of flaxseed will be fixed at 1925 per {
bushel for No. l Canadian western
at Fort William. The Canadian wheat I
board was authorized by an order in
to freeze stocks of flaxseed {
in all positions in Canada and all 8
'uture movements and use of existing |
laxseed stocks will be controlled by q
he board. /
CASH WHEAT: The cash wheat i
market situation at Minneapolis was a
Without special feature. Receipts con- f
niued large for this season of the L
'ear with Minneapolis arrivals of all Il