Excerpt from Foreign Crops and Markets, Vol. 18: January 14, 1929
The general tone of the European grain.markets during the week ended January 8 was much.improved over the preceding week and an important turn over was reported, according to a cable from Agricultural Commissioner Steere. Trade on the Danubian markets was more active, with Hungary selling wheat to Italy and Turkey, and Yugoslavia selling to Greece and Bessarabia, The fact that Bessarabia is buying wheat tends to confirm Mr. Steere's opinion that the Rumanian crop has been overestimated. The price of wheat at Hamburg rose from per bushel on January 2 to $l.u5 on January 10, but this increase was confined to the Hamburg markets and was probably due to the difficulty in covering export. Sales because of the frozen river. The price of rye at Berlin rose one cent per bushel during the week to per bushel on January 10.
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