Agriculture -- United States -- Statistics -- Periodicals; Farm produce -- Marketing -- Statistics -- Periodicals
Closing prices of the September futures were: Chicago September wheat
$1.16¹⁄₈, September corn 47¢; Minneapolis September wheat $1.41¹⁄₄;
Kansas City September wheat $1.10. At Minneapolis, September wheat
closed at 7¢ over December on the last day of September, owing to a
strong milling demand for choice wheat.
The declines recorded in the December futures in the different markets
during the week were: Chicago December wheat 6¹⁄₄¢ and December corn 2¢;
Minneapolis December wheat 10¹⁄₂¢, Kansas City 6¢, and Winnipeg 8³⁄₄¢.
The May futures recorded the following declines: Chicago May wheat 5¢,
May corn 1¢; Minneapolis May wheat 8¢; Kansas City 5¹⁄₄¢; and Winnipeg
8¹⁄₂¢.
Closing prices on Oct. 3 were: Chicago December wheat $1.18³⁄₈, December
corn 49⁵⁄₈¢; Minneapolis December wheat $1.28¹⁄₂; Kansas City $1.10¹⁄₄;
and Winnipeg $1.22¹⁄₄. The May futures closed as follows: Chicago May
wheat $1.23³⁄₈, May corn 55¹⁄₄¢; Minneapolis May wheat $1.29¹⁄₂; Kansas
City $1.15; and Winnipeg $1.27.
FLOUR IMPORTS FROM CANADA.
There were several important developments in the general situation. One
of these was a report from New York that 20,000 bbls. of Canadian flour
had been bought to come to that market. This, of course, had a
depressing influence on wheat prices. During August 3,700 bbls. of flour
and 239,000 bus. of wheat were imported from Canada. This was for
domestic consumption and not for re-export at American ports. Another
bearish development of the week was a report that Hard Winter wheat on
passage for Europe had been sold at 11¢ under the price at which it
could be replaced. It was also reported that Hard Winter wheat was being
resold in London at 5¢ under the replacement cost.
All of the news was not bearish, however. A message from the Pacific
coast early in the week reported that 12,000,000 to 15,000,000 bus. of
Pacific coast wheat were under contract for shipment to the Orient.
Also, on Oct. 3 a message reported an additional 1,250,000 bus. of wheat
sold to Japan. The impression appears to be growing in the grain trade
that the United States has probably already sold for export all the
wheat that can be spared and that there will be a scarcity later in the
season unless there are liberal importations from Canada.
Public-domain text, read in full here on John Shaqi.
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