The people's voice. [volume] (Helena, Mont.) 1939-1969, 1943-08-06
CCC BUYING
STEADIES MARKET
ON GRAINS

wheat prices Qr11teu 1rregularly
lower during the early part OF the
week ended July 30 but CCC buying
for feed purposes firmed both the
cash and futures, according to the
War Food Administration, and the
Minneapolis September option partial
ly recovered from the low of $1.35 81
made on Tuesday. War news was
also an unsettling influence but the
advance of lie in the parity prices of
wheat and corn was a Strengthening
factor While rye was independently
weak in the futures on disappointing
absorption of this grain, oats and
especially barley futures turned firm
and higher with a broad, active de-
mand in the cash market and some
unfavorable crop comments. Cash
flax continued very firm at ceiling
levels for larger offerings while a
prospective bumper new crop made
generally good to excellent progress
toward maturity.
PARITY AND FARM PRICES: AS
of July Is, parity prices were calcu-
lated as follows: wheat 146; corn LOG;
oats 65S; barley 1920; rye 119; rice
1874; grain sorghums 200; flaxseed
279, all in cents per bushel Farm
prices, in cents per bushel, on the
same date; wheat 1885, corn 1903; oats
$685. barley 90; rye 900; flaxseed
$685. soybeans ITO; rice lit; grain
sorghums 213
WHEAT: Spring wheat is reported
filling and ripening nicely with the
condition of the crop good to excel
lent. There is a trace of rust on
spring wheat virtually throughout the
spring wheat area but it is not men
acing at present. Wheat is rapidly
obtaining a sufficient degree of ma
turity. in much of the area to preclude
the possibility of extensive rust dam
age except to late fields of suscepti-
BILE varieties. In eastern Colorado
and the more northern areas of North
Dakota, Minnesota, and Wisconsin
late fields of susceptible varieties may
suffer some damage.
Harvesting of winter wheat has adj
vanced northward to the upper plains
and the lower lake region. Cutting
has made very rapid advance through
out most central sections of the coun-
try. Threshing has been practically |
completed in the lower great plains |
area and is progressing in central |
portions of the belt. Harvesting is |
oIo w. ~, Do al
west.
In the Canadian Prairie provinces
spring wheat prospects were we'll |
maintained in Manitoba despite light
rainfall but further deterioration took
place in Saskatchewan and Alberta.
Heavy rains are now needed to revive
willing crops and assist filling
The 1943 wheat acreage in the Ca
madam prairie provinces is officially
estimated by the Dominion Bureau of
Statistics at 16,729,000 acres, or 81
percent of the 1912 acreage. The oats
acreage is placed at 11,789,500 acres,
and barley at 100000 acres, repre-
senting gains of % and 23 per cent,
over last season. Flax
seed was increased more than SO per-
cent over 1912 with a total of 2,76S-
300 acres.
CASH WHEAT: Movement of cash
wheat continued large although small
Ter than a week ago at 4,065 cars of
all classes received at Minneapolis
and 1904 at Duluth. AS heretofore,
orna mont Of tba NTippoopo1;o ,ooo;o+o |
CCC grain which was not
offered upon the market as well as
other grain which was being moved
% make room for the oncoming har-
vest. With mill demand only moder-
ate, the principal development of the
week was buying by the CCC of wheat
or feed at the Minneapolis market
Is well as at other points where it
could be had at not over the loan
yalue. The CCC apparently intends
% sell for feed, if necessary, all the
wheat with the exception of the high ,
protein stuff which it owns. The high
lrotein wheat will be exchanged for :
he less desirable milling qualities
With this added competition, ordinary
)rotein wheat was advanced about
1sc at the end of the period in rela-
ion to the future and No. / dark
lorthern, ordinary protein, was
uoted at 1 - c-2c over the September
rice, which made a net decline of
Is C TO rthe week and closed Friday, c
uly 30, at $1.37. Protein premiums G
we're steady and unchanged with 14% c
rotein bringing 1c over the ordinary b
rotein wheat; 1870 protein, &c over; 2
nd 16% protein, SC over Bids for +
version point wheat were unchanged D
ut perhaps little firmer than those o
Or local unloading with 14% protein C
pring wheat being quoted at 1ac adj D
itional premium 15% protein, lie adj t,
itional premium; and 1870 protein, L
C additional. Inspections indicated
cars of winter wheat and 264 cars n
durum in the weeks receipts. The q
verage protein content of the hard a
ed spring wheat tested during the q
eek was 13.45% and the durum I,
2.619o. h
The durum market was dull and v
asy with only the better qualities RI
milling durum moving fairly we'll
rade reports however indicated that +;
plan was being considered to fur a
ish durum flour and semolina to u
icily. The good milling hard amber r.
urum including the Nos. 1, 2, and n
rades continued to be quoted within d