World crop boom sinks farmer profits in 1986 87
USDA projections show abundant wheat and corn for 1986 87 with farm prices expected to fall. Wheat may average 2 25 2 50 per bushel and corn 1 80 2 05, down from recent years. Global wheat harvest seen at 510.4 million tons, US output 99.3 million tons, Soviet harvest 80 million tons, EU 77.1 million tons, with several countries rising.
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