Business & Finance: Wheat

On indications that the world supply of wheat for the coming year would be larger than previously anticipated, wheat prices in the Chicago wheat pit have slumped for some time. The fear has even been expressed that the price of a bushel of wheat might descend below $1.00 on the present movement.

Canada particularly is becoming a bigger competitor of America in the world wheat markets; India's surplus is estimated at 90,000,000 bushels, compared with only 9,000,000 last year; the European countries, even including Russia, are showing greater production. The American Farm...

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