The people's voice. [volume] (Helena, Mont.) 1939-1969, 1943-07-16
CONGRESS MAKES
GRAIN Market
REACT DIzzILY

| Grain markets were violently agl
tated by trade reaction to conflicting
Legislative influences during the week
ended July 8, according to the Food
Distribution Administration, and prices
moved erratically over wide ranges.
Rye and the feed grains were still the
market leaders and prices of rye, oats,
and barley advanced to the highest
levels in Ia years with trade exceed
ingly active Brisk downward reac-
lions took place from the high points
registered during the week as liqui-
dating sales set in inspired by adj
journment of congress without defi-
mite settlement of the proposed price
| roll-back program or a solution of the
rurrent corn marketing tangle. Wheat
was strong and higher for time but
price rises were checked and minor
declines set in when flour prices
touched ceilings and current wheat
prices went above loan levels. Wealth
er conditions in the northwest were
well nigh perfect for crop develop
ment and crops made excellent prog
100 NhiSn diSO tCiuGu " ltiuDCi JUL
ish enthusiasm to some degree. Wheat
prices finished the week about &c
lower while oats, rye, and barley
gained about &C. Flax prices re-
manned at ceiling levels.
WHEAT: Harvesting of winter
wheat has advanced northward to
central Illinois and Nebraska and
threshing is in full swing northward
to Oklahoma and Tennessee. Many
sections of the main wheat belt re-
port better yields than expected and
of excellent quality. Combining is
Conditions at the first of July indi-
Gated a winter wheat crop of $4,000
600 bushels.
Spring wheat is heading and filling
nicely and prospects at the first of
July were for a crop of nearly 272,OOO,- |
900 bushels, making total prospective
wheat production this season of 791,-
100000 bushels compared with $751;
100000 in 1912.
A recent prairie-wide survey in Can
ada by the entymologists of the Board
of Grain Commissioners showed no
in piles in farmers fields last fall.
Mite infestations, however, ranged
from about IL per cent in Saskatche-
wan to so per cent in Manitoba at
about 20 per cent of the more than
1000 points covered. Half of the
urbqat do, bnafinQ |
It is expected that the damaged wheat
will be kept on farms for feed. The
first movement of feed wheat was
to go to eastern Canada by
all about the end of the present
week.
In the United States, stem rust has
;aused very little damage in the ag-
sregate to winter wheat this season.
Conditions have been favorable in
general for stem rust in the spring
wheat area, but it is still too early
o determine ultimate development.
t seems likely however that damage,
1 any occurs, will be localized in
hose areas where susceptible varie-
les of oats and wheat are grown.
CASH WHEAT: A steady trading
'asis characterized the cash wheat
market at Minneapolis, particularly
IN the ordinary protein lots Demand
n the open market for wheat to be l
recessed in the alcohol program was 9
he principal factor in bringing about t
nore strength in the ordinary quail d
tes than in the higher protein types. /
n addition to this demand, mill in c
uiry was also good although there t
yas tendency to ease up a little i
n the higher protein lots following d
eports of higher protein tests in the
ew crop winter wheat marketings. C
-eceipts of cash wheat were large v
nth arrivals at Minneapolis of all s
lasses amounting to 1881 cars while
'uluth unloaded 1,009. A large share t
these receipts however represented a
&C grain which was either being re- v
illed to fill earlier made feed com n
ailments or destined for local store. [
rading in cash wheat was based n
n the September delivery with ordi- Il
airy protein lots going at l u c-2c over a
le September wheat price, which de- b
lined IA for the week. closing Fri Il
ay, July 8, at $1.38 ". Fourteen per C
snt protein wheat went at about &c c.
femium over the ordinary base d
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