Word: bu
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...grain's Black Monday. Wheat in Chicago wilted down to 44?¢ per bu., an all-time low. Then began the steady slow climb out of the depths. October closed with an average gain of 33% in all grain prices. December wheat went to about 61¢ per bu. adding $67,000,000 to the crop's value in less than four weeks. In the same period corn bounded up 10¢ per bu. with an increased value of $216,000,000. Oats ($40,000,000) and rye ($5.000,000) brought the total increase of grain values to $328,000,000 above...
...exist. While Soviet officials scrambled to buy back their contracts, France, Germany, Italy turned to the U. S. and Canada for their supply. The Australian and Argentine crops would not come in until January. Meanwhile Europe was reported to have a scant four weeks supply (65,000,000 bu.) of wheat on hand fit for milling...
...Farm Board's sales began to exceed the 5.000,000 bu. per month which it had pledged as its maximum. In order to keep its pledge and not outsell farmers and cooperatives, it re-entered the futures market and bought back enough to average its books down to the 5,000,000 bu. limit...
...wheat the Farm Board will ship Brazil is worth about 50? per bu. at current prices, a total of $12,500,000. With 132 lb. to the bag, Brazil's coffee weighs 138,600,000 Ib. and at a trading price of 8½? per Ib. is worth $11,781,000. It amounts to 8% of U. S. coffee consumption. (Last year's imports...
China Too? Earlier last week the Farm Board got a nibble at some 15,000.000 bu. or more of its wheat. The Nationalist Government of China inquired through diplomatic channels if the U. S. would consider negotiations whereby Nanking would buy on long-term credit some wheat to relieve Yangtze flood victims (see p. 18). In less than three days the Farm Board responded that it would be delighted to sell to China. Then it waited for the Nationalist Government to make a bid, discuss price and credit terms, show what it would use for money...