Word: bushell
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Contracts for July delivery of wheat, which sold in February for as much as $5.85 a bushel, are now down to about $4.10. Corn has dropped from $3.50 a bushel to $2.55; and soybeans have fallen from $9.03 to $5.35. A dive in demand for red meat at supermarkets, reflecting consumer resistance to high prices, has hit the cattle market. Steers last week sold for $41.50 per 100 Ibs. v. more than $50 in late January...
...trickle of mail from seven readers. In subsequent months G. Gordon Liddy, L. Patrick Gray, John Dean and James McCord would all appear on TIME covers, and the response to Watergate would grow to a flood of 23,000 letters. Wrote one critic of the President, "When the whole bushel of apples is rotten, we had better find a new picker." The Administration had its defenders as well, of course, nearly 4,500 of whom raced for their pens after TIME'S editorial in the Nov. 12 issue calling for the President's resignation...
...Dollars a Bushel...
...many people are coming to buy wood that the price of a two-bushel basket of firewood which sold for $3 last year now sells for $4--a 33-per-cent increase...
...example, in the past 15 years, increasingly potent seeds, pesticides and fertilizers, along with ever more advanced methods and machinery, have almost doubled the average corn yield to 92 bu. an acre. On some experimental farms, yields have already reached 300 bu. Soybean yields have risen by half a bushel an acre per year for the past ten years, to about 30 bu. The Government figures that by 1985, soybean production will increase by more than 30%, to 2 billion bu., and that estimate seems low. Agronomists contend that they could double the soybean crop in a few years...