The people's voice. [volume] (Helena, Mont.) 1939-1969, 1942-05-29
Market On.
CONTINUED from Page one)

|
loan value, the redemption price shall
be &c more than the 1941 loan value
Of wheat. Producers must agree
that the wheat will be fed on the farm
to livestock or poultry or will be sold
for such purpose.
| The time in which spring and win
| ter crop insurance contracts may be
written for the 1943 crop has been
extended beyond last years date.
Winter wheat insurance can be OBJ
Der Is in most of the soft winter
wheat states but the deadline of Aug
ust 81 will be continued for most Of
the hard winter wheat states. Sep
TENDER 80 will be the new date for
the Rocky mountain and Pacific coast
states. The new spring wheat dead
line after which no contracts will be
written is March Is, 1913, the Federal
Crop Insurance announced May %.
The quantity of wheat held by the
Commodity Credit Corporation from
the 1889 and 1910 crops had been re-
duced to 107,605,000 bushels as of
May 16. The quantity Of corn had
been reduced to slightly over 66,000,-
600 bushels on that date. j
The winter wheat crop continued to
make satisfactory progress generally
during the week and is beginning to
head as far north as central Ken
lucky, the southern third of Illinois
and generally in Kansas. Showers
were beneficial in the middle Atlantic
states. In the southwest wheat pros
poets continue very good in north
western Texas and were mostly good
in western and northwestern parts of
Oklahoma. Some lodging as the re-
suit of rank growth occurred in Kan
sas and fly damage is becoming more
evident in southeastern and south
central sections Warm, dry weather
is needed in the spring wheat belt.
termination has been mostly good but
growth is slow because of rain and
low temperatures.
Unseasonally cold weather has re-
tarded growth of wheat in Europe.
The season is still two or three weeks
ate and crop conditions range from
below to about average. The winter
wheat acreage in Rumania has been
about 100000 acres, accord
ng to an official report which sug-
yests only a little over 100000 acres
'eeded last fall. A late spring with
foods interfered with the spring seed
ng campaign. Information from other
)anubian countries while fragmentary
Indicate that seedlings have been dis
appointing because Of labor and
weather. difficulties. Corn is now be-
ng planted in the Danube Basin and
With favorable weather a large acre
ge appears probable.
CASH WHEAT: Tone of the cash
market was also somewhat easier
Nth receipts moderately large and de-
hand only fair. Minneapolis received
,280 cars of all classes of wheat while
duluth unloaded 581 cars. High pro-
Elm, sound wheat sold at firm premi-
ms but lots containing 14% and low
r protein were about 1c easier as
ompared with the futures. No. 1
ark northern spring wheat, ordinary
rotein, was quoted within range
&c under to 1c over the Minnea-
oils July price; No. dark northern
pring, &c to lie under; and No. 3 dark
orthern spring, SC to &c under Thir-
zen percent protein brought no addi-
onal premium. Fourteen per cent
rotein brought &c over base; 1870
rotein, over base; and 1870 pro-
in, SC over base. The occasional
ar going over 1870 protein and orig
ating in North Dakota or Montana
tched an additional premium of 1c
sr bushel. Inspections indicated So
lrs of winter wheat and ISL cars of
rum in the weeks receipts. The
yerage protein content of the hard
d spring wheat tested during the
eek was 1851 and the durum 1916
II cent. Minneapolis July wheat de-
med 25sc. for the week and closed
'iday, May %, at $1.13A.