UNITED STATES DEPARTMENT OF AGRICULTURE 



^K BULLETIN No. 1083 ^K 



^^^^^u 



Washington, D. C. 



September, 1922 



FARM AND TERMINAL MARKET PRICES. 

 WHEAT, CORN, AND OATS, CROP MOVEMENT YEAR 1920-21. 



By J. W. Stkowbridge, 

 Investigator in Marketing, Bureau of Agricultural Economics. 



CONTENTS. 



Page. 



Purpose of the study 1 



Method of computing prices 1 



Price-makingfactors 2 



Grain marketing chart 3 



Review of tables 6 



Wheat tables, graphs and maps 9 



Com tables, graphs and maps 26 



Oats tables, graphs and maps 43 



Barley map 57 



Bye map 58 



PURPOSE OF THE STUDY. 



The accompanjong tables, graphs, and maps were compiled for a 

 study of the marketing of the 1920-21 wheat, corn, and oat crops, 

 with the ultimate object of ascertaining a fair estimate of the average 

 value per bushel of the entire crop rather than of a specified grade. 



The tables have been compiled in two sections, each illustrated by 

 graphs. One section gives cumulative data in 12 steps, each step 

 being a complete summary from the beginning of the crop movement 

 year to the end of the period. The other section gives monthly 

 data compiled from the same figures as were used for the cumulative 

 tables and each month is complete in itself. In reviewing the cumu- 

 lative tables it should be remembered that all changes of the market 

 during the period are averaged in the results. 



METHOD OF COMPUTING PRICES. 



That the reader may be iu a position to judge for hitnseK the worth 

 of each of the prices used in the tables, a simple explanation of the 

 methods of computation follows. The same methods were used for 

 each of the grains. 



102950— 22— Bull. 1083 1 



