Word: wheated
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Through other trades, he swelled his market stake to six figures. ''But the stock market was a little slow for me. Man, I thought I could do better in commodities. In commodities you make a profit, then you buy more, you pyramid. I was shorting wheat like crazy when Eisenhower landed Marines in Lebanon. Everybody bought wheat, and it soared. I lost all my $100,000.'' Canizaro...
...Force should drop rice, grain, wheat, and other food held in storage by the U.S. government, he added...
...other markets, there were similar cries of pain as huge price gyrations roiled trading in everything from metals and corporate bonds to livestock and even futures contracts for wheat and soybeans. In his office just off Chicago's LaSalle Street, the heart of the Windy City's financial district, Bond Trader Colin MacDonald paused long enough from juggling the phones on his Government securities desk to complain to a reporter that "the market's in a shambles. Before this is over, there'll be enough resignations from wiped-out traders to fill the Yellow Pages...
American strength rests on this miracle of food. Without it Carter might be hoeing peanut plants for the Queen and Kennedy might be a barkeep in Ireland. While we falter in other global competition, this season the U.S. harvest of corn, soybeans, wheat and other grains will humble even mythology. The Soviets know. With tensions high over the troops in Cuba, Secretary of Agriculture Bob Bergland was not sure Moscow's grain negotiators would even show up a few days ago to review purchases. They did, and signaled that they would buy 25 million metric tons of grain...
...CHEMICAL INDUSTRY continues to reap profits from the fumigant carbon tetrachloride--used on corn, wheat, rice, barley, oats, rye, sorghum and even popcorn--even though it is toxic to embryos, livers and kidneys, and may cause mutations, birth defects and cancer...