WHEAT MARKETS
IN UNITED STATES AND CANADA EFFECTS OF SHRINKAGE IN ORDERS ■ (Rec. November 29, 7.45 p.m.) New York, November 29. Chicago wheat commission houses are beginning to feel the effects of the shrinkage in orders from the general public and professional operators, due to the continued bear market. Chicago is unlikely to increase its stock unless prices advance to a level where it is profitable to move wheat from the Missouri River markets. Rains in Argentina interfered with the harvest, and also possibly damaged the crop in the northern section. The Canadian situation is regarded as most bearish. With 27,000,000 bushels of grain, which is largely wheat, loaded on the railways and seeking storage facilities, Canadian farmers are selling freely. Interior deliveries are a million ( bushels a day behind those of last year.
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Dominion, Volume 20, Issue 56, 30 November 1926, Page 9
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134WHEAT MARKETS Dominion, Volume 20, Issue 56, 30 November 1926, Page 9
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