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Newspaper
Vindicator And Republican
Location
Estherville, Iowa, United States of America
Date
Dec 22, 1920
Page
3
The December 1 outlook shows 67 000 acres planned for fall sowing and 94 percent of normal growing conditions. Land plowing and daily wages are noted with figures around 4.46 dollars last year and 6.74 for certain tasks, versus 5.20 the prior year. Agricultural notes summarize yields and labor costs.
The market letter argues that government estimates raise wheat supplies while demand remains weak, depressing prices by about 1 25 and showing Europe absorbing U S exportable surplus. It notes shrinking flour stocks, rising domestic consumption, and uncertain export capacity as May wheat trading begins. Corn, oats, and hogs are also discussed amid large crops, weak selling, and demoralization, with signs of pressure to hold prices.
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