Word: wheats
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Dates: during 1970-1979
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...bought for his air force. Contractual restrictions would prevent Iran from selling the planes to the Soviet Union, but it is likely that Iran could find a customer acceptable to the U.S. One possibility: Saudi Arabia. The sale of military spare parts could begin again. The U.S. still sells wheat and rice to Iran, and in time the sale of Iranian oil to the U.S. might be also resumed...
...exports of all kinds to Iran have fallen dramatically: from $3.7 billion in 1978 to under $1 billion this year. Iran gets about 25% of its food imports from the U.S., having bought 816,000 metric tons of American wheat in the past fiscal year. In September the Khomeini government signed a contract to double wheat purchases from Australia, to 520,000 metric tons over the next six months. The price is about $20 higher than America's $185 a ton. Meat from Australia and New Zealand, eggs from Turkey and poultry from Rumania are flowing into Iran...
...years the autumn landscape in the fertile Red River valley of North Dakota and Minnesota was unchanging: acres of wheat extended to a flat skyline broken only by the lonely silhouettes of grain elevators. Now the amber waves are interrupted by broad patches of dark brown, and the horizon is punctuated by tall processing towers. These are signs of the region's hot new cash crop, which is also becoming an important export: the sunflower...
With people starving throughout the world, I fail to understand how the U.S. can afford to sell huge quantities of wheat to the Soviet Union so that the Communists can continue to skimp on their agricultural infrastructure in favor of weapons production. Napoleon said it: "An army travels on its stomach." If the Soviets are hungry, let them eat guns...
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...