The people's voice. [volume] (Helena, Mont.) 1939-1969, 1943-06-18
CROP REPORTS
STEADIES The
wheat MARKET

UnEA1 mAnnEI
s Demand for feed grains was yer
< active during the week ended Jun
D IL, according to the Department {
) Agriculture, and following release {
! the official crop report after the clos
of trading on Thursday, trading wa
even more aggressive. Wheat, rye
oats, and barley out-turns were. fort
casted smaller than those of the las
two recent years, while rains, flood!
and unseasonably low temperature
have delayed corn planting. Whea
was irregular with an easy tone an
declined slightly following the an
nouncement of the 1943 loan rates
but steadied after the release of tn
new crop estimates. Rye hesitatet
early in the period following recen
rapid advances but support continued
active and new highs were made
! With corn becoming even more scarce
in commercial channels, barley an(
oats, upon which ceilings have no
been placed, were very strong an(
made good advances. With flax firm
ly at ceiling level, trade interest cen
tered mainly on the new crop outlook
| 1943 WHEAT LOANS: A loan pro
gram for the 1913 wheat crop averag
ing nationally $1.22 per bushel at the
farm was announced by the War Food
Administration, June g. Wheat pro-
duced in 1943 grading U. S. No. 3 or
better, or u. S. No. 4, and U. S. No.
because of test weight only will be
eligible for loan. Loan values at Sc
lected terminal markets are as fol-
lows: For No. winter wheat, Kan
sas City $136; Galveston SLAB; Chi
cago and st. Louis $1.41; No. soft
white, excluding Rex, at Portland
Chicago and st. Louis, and $1.52 at
Philadelphia and Baltimore; No. /
dark northern spring $1.41 per bushel
at Minneapolis.
WHEAT: Winter wheat made fair
to good progress during the week in
the Ohio Valley with general improve
ment noted in the more eastern Sec
tionss In the Central West the crop
has begun to head northward to south
ern Wisconsin. While ripening is
rather slow in Kansas, harvesting is
expected to start during the third
week in June. Harvesting has be-
gun in southwestern Oklahoma and
in the low plains area of Texas.
Spring wheat is making good growth
in most localities with general rains
adequate moisture.
While winter wheat has ripened
slowly and temperatures have been
uniform, stem rust has not developed
rapidly. Such varieties as Tenmarq
and Kanred apparently will escape in
Jury, according to reports to the Blu
'eau of Entomology and Plant Quar-
antine but some injury may occur to
varieties. Wheat in Texas
md southern Oklahoma has advanced |
to preclude serious dam |
lge from stem rust. There is much |
ate wheat in northern Oklahoma and
Kansas and with considerable mois-
ure in the soil rust still has an OPP
to develop. Leaf rust has |
pread rapidly and has become preva-
ent on the varieties Turkey and
Jhiefkan in the winter wheat area
lorth of Texas. Considerable damage
nay be done to late varieties before
he grain natures.
Dry weather in western Kansas
nd flood damage which was particu-
arly severe in Missouri, eastern Kan
as, Illinois and Indiana, lowered pros
ects of wheat during May and the
ondition June 1 indicated a probable
ield of ISL bushels compared with
81 bushels last year and a 10-year
verage of 143. The indicated yield
rould give a winter wheat production
f approximately 502,000,000 bushels,
r about 20 per cent less than last
ears crop Of 7O3,OO0,OOO bushels A 2
pring wheat crop of 229, 100000 bush
Is, or about 10 per cent below last
ears production of 27S,000,000 bush {
Is was indicated by June l condi-
ons.
CASH WHEAT: The cash wheat s
arket at Minneapolis was easy most '
the period but steadied toward the '
ose with a little improvement in L
our business. Total arrivals of all t
asses of wheat at Minneapolis for O
lie week amounted to 1881 cars, C
hich included Al cars of winter a
heat and 157 cars of durum. Duluth c
lloaded 1913 cars. Premiums based
| protein remained about unchanged. s
rdinary No. 1 dark northern wheat t
as quoted at about &c over the Min a
'apolis July price, which advanced \
C, net, for the week, and closed p
'iday, June IL, at s1.391s Fourteen l
r cent protein wheat brought 1 ~ C b
emium over the ordinary; 1870 pro- v
in, Az over; and 16% protein, &c
er. Diversion point bids ran about c.
C higher than those for local I'M a.
iding for wheat of 1496 and $50 CT
otein, and &c over was bid for pro- W
ms of 1870 or higher The average m
otein content of the hard red spring "
leat tested during the week was u
60% and the durum 12.25%. ID
The durum market drifted with the re
cad wheats and after slight pi
closed Friday, June IL, W
$1.41 IS for the Duluth July option, ID
net gain of u C for the week. Top i
alities of milling durum were in
I'd demand, the intermediates about Ell
ady, and the lower classes were
W. Fancy hard amber durum is in
Irce supply and would bring 1c to