Word: corns
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Dates: during 1980-1989
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...Georgia, state agricultural experts calculated that the total crop loss thus far is about $450 million. Corn, which does not pollinate in triple-digit heat, is hardest hit; but soybeans, hay, fruits and vegetables, tobacco and peanuts are also being badly damaged. Marshall Spray, an Augusta game-bird farmer, has lost more than 25,000 quail since the onset of the heat wave. Said he: "If somebody doesn't help me, I'm out of business...
...June. The market has also been helped by the timing of the Soviet decision to resume buying American grain on the last year of a five-year contract. It was announced last week that the Soviets will make an initial purchase of 100,000 metric tons each of corn and wheat. That, plus an influx of commercial buyers, has pushed farm prices up for almost all commodities. "I don't think you can be bearish on anything," says Howard Fisher, a Chicago Board of Trade broker...
Prices for key commodities, such as corn and soybeans, are now higher than they were before the Soviet embargo. Iowa farmers, who were getting $2.15 per bu. of corn before the embargo, were getting $2.76 at week's end, the highest price in nearly four years. Wheat in central Kansas closed the week at $3.70 per bu., nearly back to the $3.80 price in January. Beef prices, however, will start falling by November because of accelerated slaughtering due to the drought. That will result in somewhat lower beef prices then, but higher ones early next year...
Thus, while Southern farmers are downcast, many of their Midwestern counterparts are happy. The reason: their heavy stocks of wheat or corn in storage are now worth more. Said Maurice Van Nostrand, an official of the giant A.G.R.I. Industries, a cooperative of grain elevator operators: "In the last two weeks, we have been buying three times as much as we did in May. I can't imagine the market being more powerful, even if the Russians were still...
...reveal the countryside once again, rows and rows of corn and other delectable green things that, presumably, have already been sprayed for bugs...