The people's voice. [volume] (Helena, Mont.) 1939-1969, 1943-07-09
GRAIN Market
CLIMBS I'm
PAST week

HV WEkn
Grain markets worked materiall
higher during the week ended Jul
2 as trade sentiment appeared influ
and buying was particularly attracte'
to those grains which remain below
parity levels. That included wheat
rye and barley. The average farm
price of wheat on June Is was SIP
against parity of S1.45. The farm
price of rye was 79.7c against part!
of s1.1S. The farm price of barle,
was S39c against parity of S1.02. Farm
prices for corn and oats were abou
at parity levels while farm price fol-
flax was considerably over parity
broader flour demand and a raise o.
1c per bushel in the loan rate foi
wheat to conform with the higher
June figure also had a strengthening
influence. An excellent demand foi
spot supplies of all grains in the face
of liberal movement to the Mime
apolis market kept the tone very firm
and cash trading basis in some cases
gained even more than the futures.
PARITY AND FARM PRICES:
Parity prices for grains as of June Is
were calculated as follows: Wheat
S1.45; corn s1O5; oats 65.4c; barley
S1.O2; rye s1.1S; and flax s2.77 Farm
prices for that same date were: wheat
1924; corn s1.O6; oats 64Sc; barley
$3.50 rye 79.7c; and flax $2.S3.
WHEAT: Harvesting of winter
wheat advanced northward to Nebra-
ska and central Ohio valley states
with heading reported from South Da-
kota and Washington The weather
was favorable except in eastern Kan
sas and western Missouri In the
spring wheat belt, thee rop made gen
orally favorable progress with con-
ditions reported good to excellent at
the end of June.
Stem rust has caused little or no
damage to winter wheat west of the
Mississippi river from central Texas
to northern Kansas where grain has
been harvested or is practically ripe.
East of the river the territory com
prising southern Illinois, Indiana, and
Ohio, wheat has been harvested with
very slight damage from stem rust.
Southwark in Virginia, West Virginia,
and North Carolina, damaging
amount of stem rust has developed
An estimated los sof at least 10 per
cent is reported in some areas in
these states. A trace of stem rust
was reported on susceptible spring
wheat as far north as Huron, S. d.,
on June 25. This is later than usual
for the initial appearance of rust in
this area but some of the wheat is
also late In general, however both
rust and grain are more advanced
than on the same date last year.
In the Canadian prairie provinces
the condition of wheat was generally
although definite drouth
area has taken shape in southern Al
berta. Moisture conditions in west
ern and northern Alberta and over
most of Saskatchewan are good and
in Manitoba good to excellent. Wheat
averages about II inches in height
with less than 20 per cent in shot
blade Stands are medium to heavy.
From April 1 to June 81 precipitation
in Alberta was 62 per cent of normal,
in Saskatchewan IA per cent, and in
Manitoba 120 per cent
CASH WHEAT: Premiums for cash
heat in Minneapolis were firm to
1ac higher. Receipts were large at
4 1924 cars but after taking out the
CCC grain which was ge-billed or
placed in local store, open market Of
ferings were not burdensome and |
we're readily absorbed. Following |
of distribution of CCC |
wheat in the alcohol program, process
sors of Alec meal entered the open |
market for supplies and this along |
with the regular mill demand placed |
4 strong inquiry for all offerings The |
announcement that the CCC would |
BUY cash wheat at the loan rate at |
Interior points where CCC bins were
AVAILABLE also had tendency to tight
IN the cash position somewhat. The
.rading basis was switched to the
September delivery at the close of
he week with ordinary protein No. 1
lark northern wheat quoted at 70 C.
~ over the September price, which
ldvsnced &c for the week, and closed
friday, July 2, at $140%. Additional
premiums based on protein were also
little stronger. Thirteen per cent
,rotein brought 1ac-1c over the basic,
ordinary, range; 14% protein, 2c-21 C
'ver; 15% protein, A u c-5c over; and
SO protein, 9c-10c over the ordinary
indicated SO cars of win
err wheat and 230 cars of durum in
he weeks receipts. The average
rotein content of the hard red spring
Wheat tested during the week was
1900 and the durum 12.42%.
Durum wheat price strengthened
nth the bread grain with cash prices
firmed by an active de-
land for the moderate offerings. Du-
nth July durum was up Az for the
yeek and closed Friday, July 2, at
141 5s. Premiums on cash durum
yere up about &c at the top of the
Killing range with best milling lots
ringing &c over the Duluth July
ompared with sc over a week ago.
filling lots of hard amber durum
raded within range of 3c-7c over the
'uluth July price. At the advance
owever semolina and durum flour
rices again scraped ceiling levels
nd mills were hesitant about book
lg additional durum business as the