Word: cornelis
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That was the mood in which Carter had gone on television to order an unprecedented series of retaliations against the Soviet Union, highlighted by an embargo on the sale of $2.6 billion worth of corn, wheat and soybeans. For the first time in two months the 50 American captives in Tehran faded into the background. Said one high U.S. official: "The hostages are a burning but historically insignificant issue." Instead, the world now focused its attention on the more important?and potentially far more dangerous ?confrontation between the U.S. and the Soviet Union...
...Grain exports are measured in metric tons, equal to about 2,205 Ibs. A metric ton of soybeans contains about 37 bu., of wheat about 37 bu., of corn about...
...Administration quickly found itself with some unofficial support. Acting on its own, the International Longshoremen's Association declared a boycott in ports from Maine to Texas on all cargo to or from the U.S.S.R., leaving Moscow with no way to obtain the 3.4 million metric tons* of U.S. corn that is exempt from Carter's embargo. The corn is part of the 6 million to 8 million tons that the U.S. had promised to sell to the U.S.S.R. each year under a long-term agreement signed by both governments in 1975; at least an additional 4 million to 6 million...
...under the stars; a mighty force, the strength of nations, the life of the world. There in the night, under the dome of the sky, it was growing ..." In the decades since, production has doubled and redoubled until today the U.S. grows almost half of all the world's corn, two-thirds of its soybeans and more than a tenth of its wheat. Producing food is the nation's most efficient and most productive industry...
...increasing quantities are sold overseas. US. food exports grew at a steady pace in the 1950s and 1960s, then quintupled in the 1970s, from $6 billion to $32 billion last year, thus holding down the deficit caused by $70 billion in oil imports. The U.S. now exports more wheat, corn and other coarse grains (barley, oats, sorghum) than all the rest of the world combined. About one-fourth of America's 413 million acres of crop land are planted for export, and foreign demand is expected to keep on growing for the foreseeable future...