CANADA: Brimming Bins

Canadian farmers, contentedly watching another good crop of wheat ripen on the prairies, heard disquieting news. The Bureau of Statistics reported last week that the carryover from previous wheat crops stood at 614,500,000 bu. on June 1—up one-third from last year, and just about the equivalent of one full year's normal production.

The basic trouble was a change in the world market, which normally takes two-thirds of Canada's wheat. Some big importing countries, notably West Germany and Spain, produced more grain at home last year and bought less abroad. Argentina, recovering dramatically from a 1951-52 crop failure, sold aggressively to some...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

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