All across the nation's grain belt last week, farmers were bringing in the third bin-busting wheat crop in a row. Huge plantings of soybeans, corn and other grains are completed and, weather permitting, prospects for bumper yields of these crops also are as bright as spring sunshine. All this is the best of news to inflation-pinched consumers, who can now count on relatively moderate increases in food prices. Despite the big winter run-up in fruit and vegetable prices, caused by Eastern freeze and Western drought, the Government predicts that food prices this year will rise somewhere between 4% and 6%,...
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