Weekly Farm Price

Weekly Farm Price

(Outlook

( This i<■ the li'n ’ tiros peels for . I irginin farrp price looked to the Virginia Ortiortment of Agriculture on Fridi y Ti e Department offers it to farmers with the uttrnira that no ope cap predict prices end he right til the time.)

SOYBEANS

If you ha\e anr roved storage, or can fix it it lift e cost, it tnav pay von tQ ho d beans long enough to See what Happen* after the export market trend ijt set.

Support is $2.04; ($2.08 for dry beans.). Price; to farmers at Northern Nevfk markets last week was $2.05, st Baltimore, $2.19.. So you might profit bv holding that long, tl)en exercising your option of going under loan or not. November futures ire $2.30-3/4; January futures, $3.35-3/4.

Prospect fer at least a small rise is fairly good.' even with a bumper crop - Vh above last year. Demand is |good. Export outlook is as good; as last year.

And cotton-seed wijl be fird below last year.

Farm stock; are pearly 4 mil. lion bushels against J2 million last year, and there’s been a record disappearance since July 1. Commerical carryover isp’t know vet but if"s probably abput the same as last year.

Western growers pave .shown •’ tendency toward holding, which sho'dd help boo<t oujr prices some.

Virginia oreductitjln is off eh-'--* . ..pr S'i he ow last vear. at pearlv 5-1/2 million bushels. Acreage is up 2 percent. £

Discounts ade shaping up about! l ie this- M >istur<f over 14V» . sy a bushel fob every Vs . Purrde mottling, 3t a bushel; foreign material weigit dockage for all

s charge of IP a

urib for nronon-grading,

rth of vouf

flow sane purplinC

g di counts take

of th

at

a fo over 1 lh plus bushel. A rule ducers selling s*at-ons • abou1 be-us should S’ before mottlir effect.

CPRN

Don't sell ■ your dorn on one ountntion. Fvdn though U. supply, is adequate, the Virgnia