

" '« 



WSEKLT MARKET FS\^IEW AND FARI-I OUTLOOK 



by Gr. L. Jordan 

 Professor, Agricultural Economics 

 College of Agriculture 

 University of Illinois 



( Prepared December 12) 



^P'OP 



fVrr^ 



.> ■ ' > 





ir , 



Commodity Prices at Chicago 





Items 



Cash "~ 



Thursday 

 December 11, 19^1 Week ago 



May futures 

 I close) 

 Thursday V'eek ago 



Wheat (Number 2 soft $ — 

 red winter) 



Corn (Number 3 yellow, .7^ 3/^.?^ 

 new) 



.72-, 75-1- 



Oats (Number 2 white) .56 V^.57 3A .52-. 52-^ 



(No.l) 

 Soybeans (Number 2 1.7^-1.754 1. 63^-1. 65-J- 

 yellow) (No. 3) 



Butter (92 score) 



Eggs (current receipts) 



Kogs (top price) 



Cattle (top price) 



.3^ 3 A 



•33-1 

 11.00 



li^.OO 



• 3^4 

 .32 

 10.15 



13.50 



.3375^ 



(Jan. ) 



.5235^ 

 (Jan. ) 



.3325^ 

 (Jan. ) 



.2975^ 

 (Jan. ) 



With declaration of war, first with Japan, and later with 

 Germany and Italy, prices of practically all agricultural products 

 advanced rapidly. Soybean, wheat, butter, egg and flaxseed futures 

 advanced to and closed at top permissible daily limit on Monday. Tues- 

 day they were limited to Monday's maximum figure. Wednesday, the former 

 arrangements were reestablished for all grains except soybeans. Thursday, 

 soybean futures were permitted to advance six cents, the usual daily 

 limit. Thursday's limit was retained Friday. Fats and oils, protein 

 supplements and commodities imparted from the Pacific area showed extreme 

 strength upon the declaration of war. Trading in futures was suspended 

 Tuesday in cocoa, coffee and pepper. Rubber has been under government 



