Word: bu
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...drop in metals pretty well completed the deflation of last spring's commodity boom, the root of current business troubles. Cash wheat was down from $1.60 to $1.23 per bu.; corn from $1.58 to $1.21 per bu. ; cotton from 15¼? to 8½? per lb.; rubber from 27? to 17¼ per lb.; steel scrap from $23.50 to $18 per ton; cocoa from 13? to 7? per lb.; turpentine from...
With corn prices up 21? in 15 days to $1.1 6 a bu. it became apparent that shorts could not cover their obligations in time except at the longs' terms. Farmers National Grain Corp., leading U. S. grain co-operative and a leading short, formally complained to the Commodity Exchange Administration, charging "major manipulation." C.E. A. Chief J. W. T. Duvel cracked back with a stinging rebuke : "Every time there is a price rise or fall, there is an outcry from those who lose money." Two days later, however, having already tripled margins and taken the unusual step...
...similar situation occurred last July when potent Cargill Grain Co. held the long interest, and potent Farmers National Grain Corp. the short. At the last minute Farmers suddenly pulled 500,000 bu. of previously invisible corn out of the hat, gave Cargill a severe drubbing as the price fell 27?. Last week brokers suspected that Cargill was out to get even. However, there was little chance that a serious squeeze would materialize, for the Secretary of Agriculture has power to extend trading to prevent such things. Last week the Commodity Exchange Administration was visibly disturbed, uttered warnings about manipulation...
Wheat. With a crop now estimated at 885,950,000 bu., largest since 1931, and last week's price of $1.05 a bu., the U. S. wheat crop is worth about $1,000,000,000. Wheat has already been harvested, so the department estimate is pretty sure to be right. Including last year's 90,000,000-bu. carryover, wheat on hand amounts to 975,950,000 bu. of which some 775,000,000 bu. will be needed in the U. S. With 200,000,000 bu. more to dispose of, the U. S. may become an important...
...have little competition from Canada or the Danubian countries, both having small crops. Argentina and Australia expect fair crops and Russia a huge one. Last week European demand for U. S. wheat manifested itself strongly for the first time this season and on one day nearly 1,000,000 bu. were sold abroad...