Word: bu
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Dates: during 1930-1939
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...Soviet Union, which did not sign the World Wheat Pact clause to raise prices by limiting exports next year (TIME, Sept. 4), must accept and abide by a reasonable quota. The Pact was signed on the assumption that Russia could not possibly export more than 50,000,000 bu. The signatories limited themselves as follows: Canada 200,000,000 bu.; Australia 110,000,000; Argentina 105,000,000; U. S. 45,000,000, the Danube countries...
...delegates, frail, pallid Ambassador to the Court of St. James's Robert W. Bingham and smart, sharp-nosed John Van Antwerp MacMurray, newly appointed Minister to Latvia, Estonia & Lithuania, promptly tried to save the Wheat Pact by proposing to offer Russia a quota 8,000,000 bu. greater than her hypothetical allotment...
September wheat last week was selling around 88? per bu. (last year's price : 54?) after touching $1.17 in July. Farmers were receiving about a $100.000,000 A. A. A. bonus on their 1933 crop in return for a promise to reduce their 1934 crop by 15%. Last week A. A. A. planned to export to Japan and China 35,000,000 bu. of wheat from the Pacific Northwest, take a $7,000,000 loss by selling it below the domestic price...
...free market, realistic grain traders had withdrawn from the market; with the peg removed traders had gone in again. Contributory cause that certainly helped to steady the market was that, as the peg was removed, Secretary Wallace began to talk of subsidizing the export of 50,000,000 bu. of wheat from the Pacific Northwest, and of raising the wheat processing tax to pay for the subsidy. The Secretary of Agriculture has power to fix processing taxes at an amount equal to the difference between current prices and the average price (88?) for 1909-14. The present...
...long position in grains included 13,000,000 bu. of corn, 16,000,000 bu. of wheat, 18,200,000 bu. of rye. His operations in rye were referred to as virtually a "corner...