Recent wide fluctuations in wheat prices are believed to be without parallel in the history of the Chicago grain trade, even during War times. May futures broke from $2.05 a bushel on Mar. 3 to $1.51 on Mar. 17. Other futures were almost proportionately wild. Rye declined from a high price of $1.82 in January to $1.10an even more drastic liquidation.
Secretary Jardine of the Department of Agriculture has ordered an extensive inquiry into the causes of this huge break. Meanwhile, gossip in the trade persists in ascribing it to a bearish assault...
To continue reading:
or
Log-In
