Salt Lake Telegram | 1940-03-25 | Page 16 | Wheat Prices Swing Higher

WHEAT PRICES SWINGHIGHER CHICAGO. March 25 WV-An advance of at much as 2 cents a bushel Monday carried wheat prices to their best level since Feb. ruary 23 and to within leas than 3 cents of the mid-December peak which stands as the market's high, est In more than two years. Cold weather and pessimistic crop reports, as well ss European war news, were Jactors behind the upturn. Wheat closed 1H to 1 cents higher than Saturday, May Jl.06 1.06H. July sl.05Wl.05; corn to H up. Msy 56 057, July 58c; oats, to tt higher. Buying was offset at times by selling in connection with increased marketings. Including loan whest comlrtg Into commercial trade. The 12 primary markets received 1,028,-000 1,028,-000 bushels, almost 300.000 more than a week ago and 400,000 more than a year ago. At noon prices were 1V( to 14 cents higher compared with Saturday's Sat-urday's close, Msy 11.06V Uuly gl.04. and corn wss k to H up. May-5aW-July-. Sealing of about 12,000,000 buahels-ot corn during the week ending March 20 brought the total amount of 1939 grain under loan to slightly more than 250.000.000 bushels. BANCS OF CmrAOO ri'TCBES Opes Uico Low Cloeo MeTsVoS t 0T St. OS 81 08 July .1 035 1.05 1 03 1 0514 Sept 1 03 1 04 1 03H 1.04 Vi May . .118 .57 .58 .57 July . .57 .58 .57 .58 Sept .58 . 58 .SS .58 MayTT41 .41 . 41I .41 July . .38 .38 .38 .38 Sept . 33 .33 .33 .33 Soybeano May .1.12 1.11 1 11 1 12 Jul 1 08 1 10 1 08 1 08 MayT88 . 88 .87 .88 July . .88 .70 .8 .80 Sept . 88 .TO .88 .TO MaVT S T2 May, 8 TT I IS 5.77 8 82 July. 8 00 8.05 8 00 Ml Sept. S 20 8 27 8 20 8 22 Oct I IT S 33 8 37 S 82 Bollhoa May. .... .... .... S.5S Juljr. S 2T