Word: bu
(lookup in dictionary)
(lookup stats)
Dates: during 1930-1939
Sort By: most recent first
(reverse)
Wheat. In 1915 U. S. farmers harvested 1,008,637,000 bu. of wheat, dumped their surplus into warring Europe, wound up the year with handsome profits. Never before or since has the annual yield topped a billion bushels. Last week's estimates, however, placed the 1938 yield between 1,020,623,000 and 1,045,623,000 bu., on top of a 200,000,000-bu. carryover. Annual U. S. consumption is about half this stupendous total. With light crops in England, Italy and North Africa, there is a slim chance the U. S. may export a sizable...
Corn. After last year's huge corn harvest (2,644,995,000 bu.), mid-western farmers were asked to plant 18% fewer acres. Many ignored the request. It is estimated that by fall, last year's surplus will total 300,000,000 bu., 30% above normal. This fact plus prospects of an average 1938 crop last week dropped futures prices on the Chicago Exchange to 57? a bu., 60? below last year, and prompted Administrator Howard Ross Tolley to predict that a Federal corn loan will be necessary this fall...
When the Department of Agriculture two months ago published its estimates of a huge 1938 winter wheat crop, longs in the wheat market saw they were in for a lacing. Private estimates have been even larger: 800,000,000 bu., second largest winter crop in U. S. history (largest was in 1931). Spring wheat will bring the year's total well above a billion. Last week wheat prices on the Chicago Board of Trade hit new lows since 1933. At the end of the week May wheat had fallen 10? to 69? a bu...
...Italian peasants had finally increased their wheat yield in 15 years from an average of under ten quintals (36.7 bu.) per hectare (2.47 acres) to somewhat over 16. Thus, without much increasing Italy's total wheat acreage, which was impossible, total yearly production was increased from 45 million quintals to 80 million. Since the Italian people continue to eat about 75 million quintals, this meant that Premier Mussolini had won the "battle of the grain" (TIME, Oct. 24, 1927), made Italy-self-sufficient in wheat for the first time in modern history...
Last July Cargill and Farmers National had a brisk little fight between themselves. Cargill then held the long interest in corn and Farmers the short, but at the last minute Farmers dumped 500,000 bu. of previously invisible corn on the market, gave Cargill a real trimming as the price fell 27?. Last September Cargill got even. With only a small carryover from the previous year, corn was scarce anyway and Cargill bought almost twice as much (6,000,000 bu.) as there was available for delivery that month. There followed a mad forage for corn by shorts, of whom...