Word: graining
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Dates: during 1970-1979
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...hopes of U.S. farmers are as high as an elephant's eye. After several years of bumper crops that left growers dissatisfied with their incomes, they face the unusual and happy prospect of enjoying both substantial grain harvests and rising prices. The key reason for the price surge: widespread expectations in the commodity markets that the Soviet Union may go on another grain-buying binge, in part to make up for an expectedly poor crop this year. That could cause worldwide demand to outstrip production and lead to shortages. Such speculation has driven up prices for corn, wheat...
...first time in four years, contracts for future delivery of wheat traded on the Chicago Board of Trade have exceeded $4 per bu.-a psychological mark that is as important to grain traders as the $300-an-ounce level is to dealers in gold. Though prices dipped somewhat last week, contracts for wheat and some grains to be delivered in July rose to yearly highs during June. At their peak, contracts for wheat were up to $4.86 per bu., vs. $3.23 for the same period last year. Corn, the major livestock feed, jumped to $3.17 per bu., up from...
...Evans says. In Gallipolis, a town 13 miles away on the stately Ohio, young Evans haunted the piers where poultry was loaded aboard packet boats for Pittsburgh. If a chicken escaped, kids were allowed to track and keep it. "You could get a small white leghorn, feed it on grain for two weeks and then sell it for a dollar. That was big money when people were making ten cents an hour." For play, kids tossed their chickens out of barn lofts to see how far they could fly. From that recollection came the great flying chicken contest...
...Sagan (The Dragons of Eden) again balances technical expertise with humanistic thinking. The astronomer is not always successful, as when he tries to relate the psychology of the Big Bang to the experience of birth. But he is unassailable on subjects of pure science: the awesome structure of a grain of salt; the strange, hospitable atmosphere of Titan, a moon of Saturn. Sagan is at his wittiest when he attacks his bêtes noires: the ideas of Catastrophist Immanuel Velikovsky. Scientists usually lapse into tantrums when they discuss Velikovsky's belief in Venus as the cause...
...this year through the first quarter of 1980. The slowdown, in Evans' view, will cause inflation to drop from its present 13% rate to about 8% by 1979's end. Chances of a leveling off of retail food prices are particularly bright because of the huge grain stockpiles and the possibility of another bin-busting crop this fall...