The people's voice. [volume] (Helena, Mont.) 1939-1969, 1942-01-30
For


(Continued from Page One)
No sales of cracked wheat will be
made at price delivered of less than
90c per bushel except wheat produced
and stored in those counties where
the 1941 wheat loan value is below
90c
The snow cover DISAPPEARED from
most of the winter wheat belt during
the week as result of high tempera-
lures. In Kansas uncovered wheat
shows little evidence Of injury al
though some heaving is reported in
eastern sections. In Oklahoma the
crop shows some effects of the re-
cent hard freeze but damage does not
appear serious and the general condi-
ton is good. In central and eastern
sections of the belt, warmer weather
caused some growth as far north as
Tennessee and Maryland. In the
more western states, the generally
| favorable outlook was maintained.
Unreasonable spring-like weather
melted the thin snow cover in the
Canadian Prairie provinces. Temper
atures ranged well above freezing
with as high as 81 degrees reported
at Calgary. No precipitation occurred
during the period. In Europe the
severe cold was unabated but a good
snow cover prevails in some sections
including Bulgaria and parts of Tur-
key.
The third official estimate placed
the 1941 Canadian wheat crop at $685.
401 900 bushels; oats at 367,789,000;
and barley at 116,659,0O0 The sec
ond official estimate for Argentine
places this seasons crop at 227, $685.
900 bushels compared with 299, 458,000
crop was placed at 65,744,O0O bushels.
CASH WHEAT: The impact of lib
eral offerings weakened the premium
range on cash wheat lie to &c for
the week. Minneapolis arrivals dur
ing the week amounted to 1,784 cars
of all classes of wheat, while Duluth
unloaded 1888 cars. Toward the close
of the week the basis was about 1c
firmer than the low range established
early in the week. Mills gave the
market fairly good support, especially
for the good, sound milling wheat.
No. 1 Dark Northern spring wheat,
1870 protein, was quoted within an
entire range of &c to &c under the
Minneapolis May price; No. 2 Dark
Northern, &c to &c under; and No.
Dark Northern, lac to sc under. Adj
ditional premiums based on protein
ran about the same as previously with
1870 protein bringing &c premium over
these base ranges; 1870 protein &c
over base; 1870 protein &c over base;
and 1870 protein lie over base. In
spections indicated 164 cars of winter
wheat and 225 cars of durum wheat
in the weeks receipts. The average
protein content of the hard red spring
wheat tested during the week was
1850 compared with 1438% year
ago. The average protein content Of
the durum tested during the week was
13.74%. Minneapolis May wheat adj
vanced &c for the week and closed
January 23 at $1.27.
Receipts of wheat at Kansas City
increased to 767 cars, the largest since
the second week of last September.
Fairly liberal redemptions Of wheat
from Federal loans, together with sell
ing ahead of tax assessment time and
to obtain income tax funds, contrib
uted to the larger marketings. Mar
kite values lowered around the levels
quoted on C.C.C. wheat as the week
closed although little or none OF this
grain had moved into consuming
channels. Demand for open market
offerings of both hard and soft winter
wheat lacked aggressiveness and pre-
miums were barely steady to easier.
The average protein content of the
wheat tested at Kansas City during
the week was 12.43%. At the close
of the week, No. 2 hard winter wheat,
1870 protein, was quoted at $1.25 "
S1.271a, and 1870 protein at $1.29-
$1.311a.
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