Show WHEAT WHEAT VAlUES AT I I Good Weather cather for Corn Cuts Price Oats On Decline CHICAGO Aug 28 Weekly 28 Grain and BY Provisions Provisions By The Associated Press For Press For For at least the wheat wheat-marketis time being the wheat market is under the shadow of the crop movement Largely as a result wheat Ties val val- values I ues here according to Chicago tra trade le authorities are ara down to about the tho lowest level of o the tho av- av average average av average price during the tha last half year ear and closer to th the tha- worlds world's competitive basis than at any time anytime last season RUSSIAN RUSSI SITUATION SITUATION- Compared with a a week ago wheat morning morning- was as 4 to tofile 5 0 a a bushel lower corn 1 to 2 ic off oft oats to 2 He Ii decline and provisions varying varying- from setback to a rise riso of ot With current unofficial estimates Indi- Indi Indicating Indi Indicating cating eating that the Canadian crop now now moving moving to market will be as large as last year and with domestic Spring wheat yields exceeding re- re recent ye recent cent predictions friends of ot higher prices are beginning to watch anxiously for possible unfavorable unfavorable unfavorable able crop developments in the southern hemisphere On the theother theother theother other hand traders bearishly in- in in inclined dined cline show a I disposition to em- em emphasize em emphasize likelihood of Russia Rusala sell Bell selling sell selling Ing ing wheat more freely abroad Meanwhile available figures us as asto asto to European crop shortage com com- compared com com- compared compared pared with last year suggest a deficit for wheat and rye to- to together together to together gether of as much as IUS bushels In 11 In view of ot an outlook for tor sharp competitIon between Canada and the United States Stales In efforts to fill European breadstuff require require- requirements requirements requirements ments some some soma trade leaders attach a good deal dee of o significance to the tho fact that primary receipts ot of In this country are at pres pres- present pres- pres present ent eat down to about the same level as a year ago a o It Is also pointed out that at times these receipts are now actually less on a given day than the total outgoing ship ship- shipments shipments ments meats from the same terminals taken ken as a whole WEATHER CONDITIONS Auspicious weather condItions for the new corn crop together with evidence that much old corn cornIn cornIn In elevators ele here Is getting out ot of n have tended to put the market under a good deal of ot soil soiling sell soll- sollIng selling ing p pressure Commercial demand for oats Is minus sufficient vol- vol volume vol volume ume urne to give Independence to the oats market 1 Moderate Improvement of ot the cash lard trade trado has helped the provision market to hIghe high- high e AA |