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Newspaper
Cambridge Tribune
Location
Cambridge, Maryland, United States of America
Date
Jan 29, 1943
Page
3
The government released its 235 million bushel wheat stock to prevent price rises above parity. Prices were set at parity plus storage adjustments, with parity around 1.37 dollars per bushel nationally on December 15. Sales prices add 23 cents to the 1942 loan rate, with Chicago traders noting several cents above the current open.
Government actions keep wheat prices near parity as market buyers refuse higher offers. Officials say bread grain rises paused by government stocks and potential ceilings to prevent a new price squeeze for millers. Wheat liquidation funds and feed sales continue under wartime measures with a 125 million bushel yearly limit.
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