FALL IN GRAIN STOCKS
The recent notable rise in wheat prices during the current season has excited public interest. The Imperial Economic Committee's review of grain' crops, just issued, shows how three successive years of small crops in North America and the small 1935-36 crop in Argentina have facilitated liquidation of stocks, which for years had overhung the wheat market. World stocks fell from 31,000.000 tons on August 1. 1934, to 19,000,000 tons at the same date last year. By August 1 this year they are expected to total less than 14,000,000 tons. The fall in stocks expected this season follows on drought in North America and poor crops in most countries of Western Europe, which have consequently been buying- larger quantities from overseas. The United States, normally an exporter of wheat, has been a net importer during the past two years.
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Evening Post, Volume CXXIII, Issue 133, 7 June 1937, Page 12
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142FALL IN GRAIN STOCKS Evening Post, Volume CXXIII, Issue 133, 7 June 1937, Page 12
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