Salt Lake Telegram | 1940-10-18 | Page 26 | Wheat Market Drifts Lower

WHEAT MARKET DRIFTS LOWER CHICAGO Oct 18 UP The U-The The The wheat market drifted around with witha a the use air ar Friday Prices Pries eased downward fractionally fractionally frac frac- In a listless session Trade was of narrow proportions The market rallied weakly once to exactly exactly ex ex- ex- ex acty Thursdays Thursday's closing levels but soon relapsed There was no particular particular par par- reaction to an official report report report re re- re- re port that next years year's wheat acreage acre acreage acre acre- ace ace- age would be approximately the same as that seeded a year ear ago At the close wheat was 1 cent below Thursdays Thursday's finish December December De De- cember 85 May 84 3 Sc corn was down December 60 60 5 May 61 5 oats off and lard cents down RANGE OF CHICAGO CHIAGO FUTURES Open Ope SLOSh High Low Lw Close Wheat Wheat- Dec 5 86 56 S 5 8 86 5 S 5 85 Stay May 84 84 85 84 84 July c 4 80 79 79 Corn Corn- Dec g n 60 60 60 B Stay May 62 g 62 g 61 61 July uly 62 62 62 62 Oats Oats Oats- Dec 34 34 33 s 33 May 34 34 33 s 33 July 32 32 31 31 Soybeans Soybeans- Oct Soybeans 79 80 50 80 J J Jg 8 Dec 81 81 80 80 May 83 83 82 t 82 82 Kye Dec Hy 45 46 45 45 Bi J g May 49 49 49 49 July 50 SOU SOU 50 50 Lard Lard Lard- Oct 4 65 Dec cc 4 85 55 4 8 87 4 8 80 3 Jan 5 00 i 95 4 95 Mar 5 97 May 6 20 6 22 6 17 6 n 17 July ii 6 35 Bellies Bellies- Oct Oct Bele- Bele 1000 WINNIPEG Wheat Wheat- High Low C Close Oct 70 70 7 a Dec 71 71 71 7 Ma May H 76 4 75 n g 75 7 g Cash wheat wheat No 1 I northern 70 c c No 2 No 3 3 66 ic Oats No g N 2 white te J No C. C 3 c