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Newspaper
Ottawa Herald
Location
Ottawa, Kansas, United States of America
Date
Mar 09, 1981
Page
4
The Agriculture Department warns 23 million acres across 17 western states face possible grasshopper infestations this summer based on August and September surveys. Colorado New Mexico and Nebraska account for most of the threatened area.
Roderick Turnbull of the Kansas City Board of Trade analyzes why China cancels large wheat contracts. He notes Chinese traders hedge with futures, sometimes taking profits by selling back cash wheat, while exporters hedge too. Cancellations may mislead about actual demand.
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