Word: corne
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...because the Drought came later in the season, crop prospects as a whole are brighter than in 1934. Pastures are in worse condition in many sections, but the livestock situation is not nearly so desperate,as two years ago, because there are fewer beasts to feed and water. Spot corn last week sold at $1.37 a bushel in Chicago, a 16-year high, and was actually above the price of wheat (see p. 42). Over 1,000 of the 3,000 counties in the U. S. were now listed as drought emergency areas, including every county in the Dakotas, Kansas...
...Corn, a humble U. S. crop that usually stays on the farm to feed hogs, cattle and chickens, had its day last week. What had been expected to be one of the greatest corn yields in history had shriveled under Drought...
...normal: 2,500,000,000), smallest since 1881. Buyers scouring the country for corn were finding that farmers were not selling, needed far more feed than they had grown. Husking bees had been postponed for want of ears to husk. And in the Chicago grain pit, traders suddenly realized that outstanding sales of corn for September delivery were double the supply in terminal grain elevators. Suddenly corn bounced up 3⅞? per bu., nearly the full 4? limit allowed by the Chicago Board of Trade...
...great corn states of Iowa and Illinois, the temperature rose to 115° and in the grain pit corn kept pace, next day mounting a full 4? to $1.16 a bu. This put democratic corn ahead of aristocratic wheat ($1.14 a bushel) for the first time in six years. Next day September-delivery corn rose 3!^ to $1.igf, a price unequaled since the great days when War-starved Europe bought all the U. S. grain it could get. and cash corn sold...
Meanwhile corn truckers were paying farmers better than $1 a bushel at the farm and spot corn in Chicago was bringing as much...