Word: harvests
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Faced with a bitter harvest for the fourth year out of the last five, the Soviets have been shopping for wheat in every major Western market. Two weeks ago they ordered about $500 million's worth from Canada, and last week $100 million's worth from Australia. They also dropped broad hints that they wanted to buy from the U.S. With that, top U.S. wheat dealers formed a negotiating team whose spokesman was Burton Joseph, president of Minneapolis' big I. S. Joseph Co., Inc. The team went to Ottawa, got a bid from the same Soviet traders...
...harvest time, the Soviet press is usually full of propaganda hoopla about the bumper grain crops brought in by happy teams of Communist pioneers...
Communist officialdom blamed disastrous droughts and freezes for the poor harvest. But Nikita Khrushchev angrily blamed sloppy management for chronic agricultural crises. U.S. farmers, said Nikita, protect their fertilizer in plastic bags, but in Russia the piles of mineral fertilizer shipped out from factories are allowed to lie around in heaps, exposed to the weather. In winter, snorted Nikita, kids slide down the piles on their sleds. Making another of his Utopian promises to catch up with U.S. production, Khrushchev also said that by 1965 Russia hoped to turn out 35 million tons of fertilizer. Though this would equal...
Pravda, meanwhile, prepared the Soviet populace for possible shortages next year. The newspaper complained that farmers were "lagging intolerably" in their autumn plowing for the 1964 spring harvest. "They are carrying it out much worse than last year...
...amateurs lose, but the tales of what might have been keep them coming back like horserace fans after a daily-double killing. They were also betting last week that the troubles in Malaysia would send rubber futures climbing, that rain and winds in the Midwest would hurt the soybean harvest, and that the world shortages that sent sugar soaring earlier this year would do it again...