The people's voice. [volume] (Helena, Mont.) 1939-1969, 1943-08-27
weekly GRAIN
Market review

Market REVIEW
Only moderate new crop pressure
and good commercial demand KEEP
grain markets firm during the weeI
ended August 20, according to the
War Food Administration, and prices
edged higher. A shortage of box cars
held grain movement in check and
total receipts at Minneapolis during
the coming weeks are expected to re
main at about the same levels which
have recently prevailed. The move
ment now is practically at maximum
based on railroad equipment presently
available and the more limited ability
of the market to unload grain in view
of the tight labor situation. Flour
trade was only fair as buyers con-
tinued to hold off and await further
developments concerning price cell
ings and other impending regulations.
1t was not necessary for mills to abb
sorb much wheat however since buy
ers for the CCC took the surplus off
the market from day to day. Rye
and the feed grains went into good
upward reaction Rye was given con-
siderable attention because of its cur
rent discount under parity levels and
probability of greater use for distilla-
ton purposes. Feeding demand for
oats and barley was broad while malt
sters paid steadily advancing prices
for top mailing grades. Flax prices
underwent adjustment during the
week as new crop movement broad
ened and prices dropped below cell
ings.
WHEAT: Harvesting of spring
wheat and oats was well advanced at
the middle of the week in northwest
ern Minnesota and North Dakota and
eastern portions of Montana. Yields
were reported unusually good. The
harvesting of winter wheat was COM
pleted in most districts except in the
far northwest. Threshing of wheat
and oats was practically completed
northward to Missouri. The flax crop
was reported in generally good con-
dition in the north central states with
combining under way.
Harvesting of spring wheat COM
menced in the Canadian prairie pro-
vinces and will soon be general
was well maintained during the week
in Manitoba but some deterioration
took place in southeastern and south
western Saskatchewan. The outlook
in Argentina showed little change
with the drouth in southeastern por-
lions during the last six months caus-
ing premature ripening of the crops.
Cash Wheat: About the only new
development in the cash market sit
uation at Minneapolis during the week
was an easing of the higher protein
lots. Buying by the CCC kept the
ordinary qualities firm but mill de-
mand was not brisk enough to main
tain premiums on the higher protein
lots. CCC buyers paid up to $1.39 ~
for No. 1 dark northern wheat, which
figured about q u csc over the Sep
TENDER price during most of the week. |
protein No / dark northern |
wheat, $3.50 lb. weight, was generally
quoted at 3c-3 " over. Protein pre- |
miums eased about 1c with 14% pro-
tein bringing lie over base; 1871 pro-
tein, &c over base; and 16% protein, |
&c over base. Minneapolis September |
wheat advanced IL for the week and |
closed Friday, August 20, at $I36A.
The above quoted ranges represented |
bids for local unloading. Diversion
point wheat brought 1 nc additional
premium if showing protein of around
1870 and &c additional premium for
1879 protein. Minneapolis receipts
to 2,762 cars while Duluth
lnloaded 521. Inspections indicated
leapolis arrivals and 1877 cars of du-
'um. The average protein content of
he hard red spring wheat tested dur
ng the week was 1880 and the
iurum 1880.
Durum wheat prices advanced
slightly in the futures with selling
United and demand about equal to
he offerings. The Duluth September
option advanced &c for the week
md closed Friday August 20, at
;I3S1s Trade in the cash market
vas narrow but premiums held steady.
Good milling durum is now bringing
iuch limited premiums over the ordi-
larry contract grades that users ap
year willing to take on supplies at
present levels compared with the fu-
ures up to their capacity to handle
he grain. Little or no new crop du-
UNI has made its appearance at the
market as yet but sam