Grain market sees waves in 1980 as embargo shifts supply demand
Grain markets react to President Carter's January embargo on wheat and corn to the Soviet Union. Prices swing wildy through spring dry spells, with wheat harvest set to be the largest in history while corn and soybeans face losses. China and Mexico emerge as buyers, and government actions shift contracts and stocks as the year progresses.
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Unavoidable or a word game at Agriculture Dept
AP says a delay in a meat import announcement reflected bureaucratic snarl and backbiting. The controversy centers on whether the department kept doors open to 1981 imports, with a clash between Undersecretary Dale Hathaway and Chief Economist Howard Hjort over wording and timing.
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