Word: wheats
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...deepen it. "We are in a transition period and we have serious problems," says Sayed Marei, President of the Egyptian Parliament and one of Sadat's top advisers. "But I predict that by 1978 our economy will be strong again. If the U.S. could provide us with food-wheat, corn and vegetable oils-during this three-year transition period, we could pour our foreign exchange into economic development...
Inflation Hedge. Under the new grain pact, the Soviets pledged to buy at least 6 million metric tons of U.S. wheat and corn in each of the next five crop years starting in October 1976-whether they need it or not (any surplus presumably would be stored against future Soviet food shortages). They will be permitted to buy as much as 2 million tons more in any year, unless U.S. grain supplies fall below 225 million tons. That has not happened in 15 years; current supplies are 263 million tons. But if the Soviets want to buy more than...
Once the agreement was signed, President Ford lifted the two-month moratorium on new sales to the Soviets from this year's crop; he had imposed it at about the time longshoremen began refusing to load ships with wheat bound for Russia. The Soviets, who face a disastrous harvest, as much as 56 million tons below the planners' target of 215 million tons, are now free to buy from this year's record U.S. crop. The U.S.S.R. had signed contracts to buy 10 million tons before the embargo; it probably will buy about 7 million tons more...
...Board of Economists, figures that food prices next July will be 10% higher than last July, and that 3% to 4% of that will be the result of grain sales to the Soviets. But most of that rise is over; "the market already has discounted" additional sales, says Eckstein. Wheat and corn futures fell last week on the Chicago Board of Trade, wheat by 18? per bu. to $3.95; corn...
Editing, the late, Adlai Stevenson once observed, consists of separating the wheat from the chaff-and printing the chaff. Something like that, only worse, seems to have happened at TV Guide when it received a program listing for a now defunct local talk show on San Francisco-Oakland's KTVU. The notice said that guests for the show on Sept. 20,1968, would include Pat Montandon, a well-known Bay Area hostess who had written a book about giving imaginative parties on lean budgets, and an unnamed masked prostitute. TV Guide's condensed version: "From party girl...