Word: grained
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...Days. French and German winegrowers said that the long, hot summer was swelling grapes on the vine and would produce a vintage crop. Elsewhere, the sizzling sun brought punishing drought. The French government declared parts of Brittany and Normandy agricultural disaster areas. The grain crop was expected to be off by 10%, and there were fears as well for corn and potato harvests. Because of a lack of hay for cattle, milk production plunged...
...inflation "Public Enemy No. 1, "price increases and the prospect of more are dominating the news to a surprising extent in the early days of economic recovery. Last week brought a mixed bag of actions. The Soviets let the U.S. Government know that they want to buy additional U.S. grain in quantities that-if the sales were permitted-would be very inflationary. President Ford decided finally to permit removal of controls on oil prices, gambling that increases will be relatively modest, and General Motors announced boosts in car prices smaller than in the past two years, but still substantial. Details...
Rumors have been widespread in Washington and the nation's grain-trading centers that the Soviets, having already bought 9.8 million tons of American grain, would shortly be back for more. Last week TIME learned that the talk is only too true. In secret communications to the Ford Administration, the Soviets have indicated that they want to buy as much as 11 million additional tons. That would push total purchases this year about a third above the 15 million tons of grain* the Soviets bought during the "Great Grain Robbery" of 1972, when they secretly gobbled up enough...
...July, paced by higher farm and processed-food prices. Although the index bounces around erratically from month to month (it declined a shade in June), there is no reason to think that August figures will be much better. The latest report covers only part of the surge in grain prices that followed Russian purchases and does not include coffee boosts triggered by a frost in Brazil or a 3?-per-gal. hike in gasoline...
...Soviet trade, grain deals get all the attention, and are provoking a red-hot debate about the wisdom of allowing the U.S.S.R. untrammeled access to American food supplies (see THE NATION). But almost unnoticed amid the hullabaloo, another type of American-Soviet commerce has been expanding far more smoothly and consistently. In an effort to modernize and expand their inefficient economy, the Soviets are turning to the U.S. for machines and technology. As a result, American sales of nonagricultural goods to the Soviet Union are likely to top $550 million this year, v. $309 million in 1974 and only...