Word: bu
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Dates: during 1930-1939
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...year that AAA has already made plans for a crop reduction program. Despite floods and a cold, wet spring in the Central States, the corn crop was running 50% better than last year. Whereas on April i the Govern-ment had estimated a winter wheat crop 435,499,000 bu., this figure by last week had been boosted to 458,000,000. For winter and spring wheat combined the Government predicted the biggest yield since 1931-731,045,000 bu., against 707,000,000 reported last fortnight by five private forecasters (TIME, July...
...Agriculture never grows tired of guessing. Nor do dozens of private wheat experts who devote their days & nights to the delicate and exacting business of crop forecasts. Last week five reliable independent forecasters reported that as of June 25 the U. S. wheat crop was 707,000,000 bu., 80,000,000 bu. more than domestic consumption. Their estimates of winter wheat averaged 451,000,000 bu. against the Department of Agriculture's 441,000,000 bu. June 1. But every grain trader knows that the guesses of good private forecasters are just as apt to be accurate...
...continuous sale" of wheat. The Board is specifically forbidden to hoard grain or conduct stabilization operations. It must pour its holdings, old and new, into the export market as speedily and profitably as possible, "at any price" it can get. Since the pool's holdings are 226,000,000 bu. and since another 250,000,000 bu. surplus will be coming in from this year's crop, the worst fears of grain exporters appeared to be justified last week...
Prime result of Canada's new policy will be to put the Dominion on a sounder competitive basis with Argentina, Australia, Russia and the Balkans in supplying the world wheat market. Its effect on the U. S., where the tariff is 42¢ a bu., will be negligible, unless the U. S. has enough surplus to go after the world market...
...stalks grow tough before the blight appears. But tender spring wheat is particularly susceptible this year because of late seeding. Rust reports flowed into Chicago from all important spring wheat districts last fortnight, giving a fillip to the wheat futures market. Some estimated a loss of 20,000,000 bu., nearly 10% of the spring crop. Last week the Department of Agriculture declared reports were greatly exaggerated but admitted that rust damage was "difficult to measure...