Word: exporting
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Rumors of a corner in grain abound, and high prices ma)' in some degree be due to an extended short interest. Yet the basic cause for soaring grain prices is the shortage of world wheat, due to crop failures abroad, and heavy consequent export buying. Foreigners have taken off the market of late about 10,000,000 bushels of Argentine and Australian wheat. Russia, formerly a grain exporter, is reported to have entered the market as a buyer of U. S., Canadian and Argentine Hour, and of about 10, 000,000 bushels of U. S. seed wheat. To date...
...many weeks negotiations have been in progress at Paris between the French and German Governments for a new commercial treaty. Since economic conditions in Germany are daily improving, thanks to the Experts' Plan, and since Germany must import and export if she is to pay the gigantic reparations bill, it would seem to follow that a mutually agreeable trade treaty would be made by the two countries...
...permanent solution for the problems of overproduction may well become ridiculous within the course of a decade or two, for the reason that there will be no problems of overproduction. Even a bumper wheat crop, such as that of the present year, will no longer supply a surplus for export in 25 to 35 years at the present rate of population increase in this country Already per capita crop production is 5% less than in the five years before the War. Meantime, the need of Europe for imported grain will increase, unless her population growth comes to a standstill; while...
Moreover, there are in the whole world only about 415 million bushels of wheat available for export, while requirements are estimated at 350 million bushels. Thus the carry-over from this year's crop should be small when the next crop is planted; and prices are expected in consequence to remain high...
...final U. S. Government report states that the crop amounts to 873 million bushels, and the carry-over 102 million more, or 975 million bushels in all. Bread and seed requirements will take 650 million bushels of this; of the remaining 325 million bushels, 200 million have already been exported, and only 125 million remain in this country for export and carry-over until about July...