Word: grainmen
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Dates: during 1950-1959
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...estimates, the chief yardstick used by farmers and grainmen to gauge future commodity prices, were received with some skepticism. There have been too many mistakes before in the department's arithmetic. The real skeptics were the cotton farmers. Last year the board's estimate of their crop was more than 2 million bales too high. Result: U.S. cotton farmers sold their crops in a falling market, according to Congressional investigators lost $125 million by selling before the short crop came in and prices rose...