Word: soybeans
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...coking coal sold to Japanese steel mills. The actual effect would be even greater, since the yen will go up a total of 17% against the dollar. American farmers stand to reap some of the biggest gains. For example, about half the Midwest soybean crop and 85% of the winter wheat grown in Washington State is sold to foreigners. Farmers look forward to still richer sales abroad now that they can drop their foreign-currency prices...
...nation's farmers, who look increasingly to foreign markets to absorb U.S. abundance, are hard hit. A bumper soybean crop in Alabama spilled out of all available storage elevators and was kept temporarily on barges. While dock workers ignored a state court's back-to-work order, one group of farmers threatened to load the crop onto ships themselves. Barges carrying the Midwest's feed-grain harvest to port were backed up at a score of wharves along the Mississippi River and the sight of corn piled high on the ground has become common. Illinois farmers have...
...last week, farm group leaders urged an early end to the surcharge to prevent their goods from being kept out of overseas markets. In the year ending last June, the U.S. sold $2.9 billion worth of farm goods to Europe. Of the total, $1 billion was in sales of soybeans and soybean products, which are used in things like margarine and ink. This commodity would be vulnerable in any trade war; if necessary, Europeans could import soybeans from Brazil or Africa. "There can always be substitutes if it is a matter of national policy," says Clarence Palmby, an assistant secretary...
...farmers, may be unable to collect. Businessmen in small towns will suffer. The retail price of starch and corn syrup-products derived from the 15% of the corn crop not used for feed-will rise almost immediately; corn oil probably will not because it competes directly with cotton and soybean oil. The five-month supply of corn held by the Commodity Credit Corp. should also help limit price rises...
Though she had been willing to go anywhere and do anything Merilee asked of her, converting to Vegetarianism had been an uphill struggle for Girl. To learn to love withered zukini fried in soybean oil, Girl had to fight against the whole history and heritage of the German Shepherd race. But like her mistress, Girl was not long of memory and as soon as Merilee turned her back Girl would turn up her wet nose at the detestable goop. Then Merilee would have to go next door and borrow pig fat to pour over Girl's veggies. Alfred of course...