How You Gonna Keep It?
Winter wheat is ripening in Texas and Oklahoma. In a few weeks it will ripen in Kansas, later in the Dakotas. Farmers, oiling their combines, are about to confront the U.S. with the most colossal wheat surplus problem in its history.
The carryover from 1941 is 650,000,000 bushels, nearly twice the previous record. The spring and winter crop is likely to be a healthy 793,000,000 bushels at least. U.S. elevator and storage space is already 80% full. There is not enough room for this year's wheat. Question throughout the...
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