Word: wheated
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With 5:30 remaining, Crimson guard Mike Griffin lobbed a pass into center Jeff Wheat. The big man faked outside and then muscled in a lay-up over the Newbury defender...
...Wheat exploded for eight points in the last five minutes and led the undefeated J.V. Cagers to an 81-70 victory...
Though he was born provincial, he was not born poor. The family farms ran to hundreds of acres. But wheat futures went bad just when young Harry graduated from high school in 1901, and college was out of the question...
...what commodities will actually sell for in one to nine months. Since November, the 124-year-old exchange's volume record and many of its price records have been broken as frantic traders have bid up many farm products. Early this year, for example, wheat was selling for around $1.48 a bushel for deliveries in March, but traders are now agreeing to pay $2.69 a bushel. Such sky-high prices will push the value of all commodities traded on the exchange this year to an estimated $120 billion, a 36% increase over last year's record...
Traders on La Salle Street expect a shortage of many crops, and with good reason: demand for U.S. grains is increasing faster than farmers can harvest their fields. In July the U.S. made a billion-dollar deal to supply Russia with wheat and other crops. Then China bought wheat from the U.S.; now India needs wheat to avert a potential famine. The U.S. Department of Agriculture anticipated bumper crops this year-but then the rains came. Since September, the beginning of the Midwest's harvest season, unprecedentedly heavy rains and freezing temperatures have repeatedly mired farmers' machinery...