Chicago, July 2.
Prices boomed on a flood of rust reports from the United States winter wheat and spring wheat territories. sensational damage reports from Canada unfavourable European crop news.
Private.estimates are construed as somewhat bearish, although it is ems phasized that there is a possibility that rust damage has not been taken into full account.
Estimates for the three western Canadian provinces average 216,- 000,000 bushels, as compared with the average production for 1931-35 of 303,000,000 bushels.
Meanwhile, the belief is current that the culmination of crop deterioration has not yet been seen, and a further advance is anticipated. Reuter,
Text read from the printed page and cleaned; old type leaves the occasional error.