# 



TOEKiy MARKET REVIEW AND FARM OUTLOOK 



By L. J. Norton 

 Professor, Agricultural Econoraics 

 University of Illincis. ^uw^.. 

 College of Agriculture 



! . C^ •■! 



(Prepared July 3) L;:,;!- .;- 



^^CEIVED 



JUL (5 1942 



^ir*'"^^ 



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

 each Friday from \Z\%^ to 12:55 p.m., as part of the Illinois Farm Hear, 

 Station WILL, ^gO kilocycles.") 



Commodity Prices At Chicago 



* October soybeans , November butter and October eggs. 



At the close on Thursday, prices of all grains were slightly 



lower than a week earlier, except September corn, which closed at the 



same figure. No. 3 yellow corn was somewhat lower. The grain markets 



were influenced during the week by the liquidation of July futures and 



the deliveries of considerable quantities of grain on contracts. The 



movement of new crop wheat is beginning to increase in the Southwest. 



Apparently yields are high. Storage difficulties continue. The country 



sells corn freely when the price of corn approaches gO cents a bushel to 



farmers in central and eastern Illinois. 



Butter and eggs V7ere both stronger. We are getting tc the 

 season when production of these commodities declines. Top hogs and 



