WORLD'S WHEAT PROSPECTS

Dominion, Volume 14, Issue 81, 30 December 1920, Page 8

WORLD'S WHEAT PROSPECTS

The world's wheat prospects in November wore investigated by a writer of the bulletin of the National City Bank of New York, and he brought together a number of statistics to prove that there was little likelihood of a scarciiV during the year ending June 30 next. Ho points out that Bioomliall's estimate of wheat importations into Europe in that year is 5:20,000,000 bushels, N a,nd other importing countries 40,000,000 bushels—iu all, 560,000,000 bushels. "Bradstroefs" estimates that the United S r .iates can eparo 250,000,000, that Canada has a surplus of at least 160,000,000 bushels. The writer quotes tho woll-known house of John Paxton and Co., of Sydney, as estimating tho Australian crop nt 140,000,000 bushels, and, taking Australian requirements at 30,000,000 bushels, that would leave a surplus of 110,000,000 bushels. The lowest ostimate of \lho exportable surplus of Argentina is 100,000,000 bushels. Hence tho United States, Canada, Australia, and Argentina will have an exportable surplus of 620,000,000 bushels. Then there is tho Indian crop, .which is harvested in March. I-J looks as though thero will bo somo wheat left to carry over.