WORLD’S WHEAT CROP

Hawke's Bay Tribune, Volume XVII, Issue 215, 25 August 1927, Page 7

WORLD’S WHEAT CROP

U.S.A. DEPARTMENT’S FORECAST. RECORD EXPORTABLE SURPLUS Washington, Aug. 23. The Department of Agriculture has issued a report declaring that the world market 'situation for wheat next year may not be so favourable as hitherto, owing to large planting by the United States and certain foreign countries. The report, which is being distributed as a warning to wheat farmers, says the carry-over of

old wheat into the next season may’ be no lai-ger than this season’s carryover, but there is a tendency to continue to expand the wheat area not only in the United States, but also in Canada, the Argentina and Australia.

On the basis of the reported intentions of farmers to plant, as at August 1. and considering the tenyear average abandonment, the department estimates the winter crop at around 626,000,000 bushels and the spring wheat crop (on the basis of the past five years’ figures) at 250,000,000 bushels, providing an exportable surplus of over 250.000.000 bushels, which is the largest since 1924.

The report declares that farmers in Ohio. Illinois, and some of the western corn belts stales now plan to sow even more winter wheat than was contemplated at this time in 1926. A steady- expansion of the winter acrage is occurring in the semi-arid wheat area extending from Western Nebraska to Texas.—(A. and N.Z.)