The people's voice. [volume] (Helena, Mont.) 1939-1969, 1943-05-14
WINTER wheat
OUTLOOK IS
LOWERED

~ - - - -
Grain prices with the exception o
oats sought somewhat higher levell
during the week ended May 7, accord
ing to the department of agriculture
Commercial demand for spot supplies
was excellent and the rather large
movement of cash grain for this sea
son of the year sold readily as con
sumption went on at an active rate
Wheat supplies especially diminished
noticeably under heavy consumption
for feed purposes and indications now
point to wheat disappearance in the
United States for the 1942-43 season
comments from the winter wheat area
were not of the best Lack of ade-
quate moisture and insect damage was
reported as causing further deteriora-
ton in some areas. Scattered rainfall
was received in the southwest at the
close of the week which eased the sit
uation at that time. Spring wheat
seeding though late has now been COM
pleted under generally favorable
moisture and soil conditions.
WHEAT: The winter wheat crop
still needed warmth and sunshine in
eastern portions of the main belt at
the middle of the week rains in west
ern sections. The crop in the Ohio
valley showed slight improvement in
some sections but growth continued
generally slow and conditions ranged
from rather poor to good. Conditions
are very good in Missouri where some
of the wheat is jointed. From Ne
braska to Texas. however, rain is gen.
orally needed with warm windy
weather drying the top soil rather
badly. Greenburk damage continues
severe in Oklahoma and Texas and
wheat deteriorated or made only a
small advance in that area.
Spring wheat seeding has been
largely completed in the Red River of
the North valley and about 500 has
been sown in North Dakota. Seeding
is well along in Montana with early
planted grain up to fair to good stands.
In western Europe warm weather
has been favorable to crops and pros
poets are reported generally favorable
with moisture supplies generally ade
quate for current needs. The wheat
acreage in Turkey is estimated by the
trade at 20 to 25 per cent over a year
ago as the result of high wheat prices.
In Rumania crops were reported back |
ward and preparations continue for |
increase in corn afreage. |
In the other Balkan states wheat pros
poets are reported still satisfactory. |
In Argentina, preparations for wheat
seeding was active with operations
expected to become general this
month. Corn prospects are very poor
with losses calculated at 60 per cent.
Yields were officially reported rang
ng from Az to 1871 bushels per acre.
Demand for corn for feed has de-
creased as a result of improved pas
.urage but the use of corn for fuel
continues heavy.
CASH WHEAT: In addition to the
advance in the basic futures, pre-
NUNS on cash wheat were also in
,lined to edge somewhat higher. Ar
'ivals were moderately large for this
season of the year and amounted to
-,S44 cars at Minneapolis, while Du
nth unloaded 529 cars. The broad
all for feed wheat continued to be
he principal Strengthening factor in
the trading basis on the
ow grades while milling demand was
lctive enough to absorb the milling
nd high protein qualities at firm to
amewhat stronger premiums. Ordi-
larry protein No. 1 dark northern
wheat was still called &c to &c over
he July price, which advanced %c ,
or the week and closed Friday, May ,
at S1.375s. Most of the offerings J
raded at the top of the range. Thir- :
cen per cent protein which has been !
uoted for sometime at no additional 9
remium brought " to 1c over the j
rdinary; 148o protein, 2hc to &c
yer; 15B protein, 41ac to SC over;
nd 16% protein, s. nc to Sc over the
rdinary base ranges. Wheat from
restern North Daokta and Montana
round the 1910 protein bracket
rought 1c additional and &c additional
going 16% protein or better. In
pections indicated that n cars of
inter wheat and ITO cars of durum
ere included in the weeks receipts. =
he average protein content of the
ard red spring wheat tested during s
lie week was 1880 and the durum &
,.4O%. 3