Business & Finance: $1.50 Wheat

In the days when farmers were demanding that wheat prices be pegged, not even the farm bloc would have ventured to set the official price at $1.50 a bushel. What the economic vagaries of the farm politicians did not dare, the forces of supply and demand have accomplished, and wheat futures touched that price recently in the open Chicago market.

This year, according to the Department of Agriculture, only five countries are expected to have important amounts of wheat for export: Canada, 200 to 180 million bushels; the U. S., 180 to 165 million...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!