

WEEKLY MARKET REVIEW AND FARI^I OUTLOOK 



By L, J. Norton 

 Professor, Agricultural Economics 

 University of Illinois 

 College of Agriculture .iu . :,-, 



RECEIVED 



JUN 27 1942 



(Prepared June 26) ^'^ ■' ■' - 



(Highlights of the Weekly Market Review and Farm Outlook are broadcast 

 each Friday from 12:^S to 12:55 p.m., as part of the Illinois Farm Hou 

 Station WILL, ^gO kilocycles.) 



Commodity Prices at Chicago 



* October soybeans, November butter, and October eggs 



Prices have changed but little in the past week. Cash wheat 

 appealed on the market, No» 2 soft wheat selling at about I3 cents 

 under the loan price at Chicago and at 12 cents under the loan price at 

 St. Louis. It should be borne in mind that the crop of soft (red) v/heat 

 is small in spite of the large total stock of all wheat. Cash corn 

 strengthened. A big volume is being sold. Oats were a little lower, as 

 is characteristic at this season. Soybeans were a little stronger, 

 reflecting an Improvement in the soybean-meal situation. Butter drags 

 along on the government peg, reflecting a general weakness in the dairy 

 situation on account of large stocks of manufactured products. Eggs were 



