Business & Finance: Wheat Forecast

The wheat forecast made on June 1 each year by the Department of Agriculture is of course an estimate only, and sometimes a quite faulty one at that. Nevertheless, it usually indicates clearly enough prevailing tendencies relating to the new crops. The Government's guess as to the size of the total current crop is only 693 million bushels — less than any other year's back to 1916 and 1917 when the crop was very disappointing. It is evident that the low wheat prices have led to considerable curtailment of the farmers' plantings. This...

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