GRAIN MARKETS SOAR
WORLD SHORTAGE OF WHEAT FEARED. (United Press Assn. —Telegraph Copyright.) (Rec. 8.35 p.m.) Chicago, July 29. The grain markets soared again today in the broadest buying movement which has been experienced for some time. Wheat futures gained four cents a bushel. The continued lowering of the estimates of the Canadian wheat crop have apparently created alarm in the importing countries in Europe. Between 7,000,000 and 8,000,000 bushels are said to have been taken for export at Winnipeg in the last three days. In the meantime the United States Bureau of Agricultural Economics has indicated that the world’s production of durum wheat is expected to be the smallest for years, and with much of the spring wheat in the United States burned out, the Secretary of Agriculture (Mr H. A. Wallace) indicated that about 20,000,000 bushels might be imported this year. The maize crop is, expected to be the smallest since 1881.
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Southland Times, Issue 22956, 31 July 1936, Page 7
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154GRAIN MARKETS SOAR Southland Times, Issue 22956, 31 July 1936, Page 7
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