The Chickasha daily express. (Chickasha, Indian Territory [Okla.]) 1899-current, 1920-10-26
AME ER|CAN FARM
BUREAU EXPECTS
WHEAT ADVANCES
In Letter to Grady Aggie Man Pre-
diction is That Higher Prices
viii Prevail; say Bears
Make Low Figure
STATES BIG MOVEMENT
OVERSEAS UNDER WAY
World is Short of Wheat Says Com
munication; 1926, 100000 Bushels
Shipped World Produc-
ton is Short


"The world is short Of wheat; tht
United States is oversold; ant
prices must certainly go higher"
This is statement contained in
communication just received by
A. F. Houston, county agriculture
agent, from the American Farm Bu
reau Federation, Washington, D. c.
The communication continues:
THE present low prices in the
grain markets are the result of bear
propaganda by traders who sold
heavily in foreign markets several
months ago when prices were high
and are now endeavoring to fill
these orders at low figure
Already more than one hundred
and twenty five million bushels Of
our wheat has cleared for foreign
ports, and the most optimistic fig
ures have never indicated a total
exportable surplus to exceed two
hundred millions of bushels In other
words, much more than half OF
the wheat we can spare for export
has already gone out of the country
and it is reliably reported around
the Chicago Wheat Pit that traders
have on hand today foreign contracts
for at least fifty million bushels
more than our total remaining ex-
portable surplus
The feeling prevails that traders
particularly one of the large PACK
ing interests, are in an extremely
delicate position, and once the mar
ket turns upward must make wild
scramble to get enough grain t.
cover their foreign contracts.
"There is absolutely no justiiica
tion for the present low grain
prices" says j. r. Howard, president
of the American Farm Bureau Fed
Grafton, "and if natural forces are
allowed to prevail the prices OF
wheat must rebound strongly in the
near future"
1--WE must look the facts in the |
face and realize that there is no
wheat surplus today. On the con
trary, there is real world shortage
and those who have studied the stu
alton closely freely predict three to |
three dollar and a half wheat before
another crop is harvested.
European wheat yields all drop
ped materially below their earlier
estimates, and the final crop figures |
show only twenty million bushels
more than last years crop, while the
combined wheat and rye crops show |
a total less than last years crop, |
or probably. the smallest crop on |
record in recent decades. The wheat
crop of the northern hemispheres.
exclusive of India, which is no
longer an international factor are
more than one hundred million
bushels under year ago.
The crop of the United States is
one hundred and ninety million
bushels under a year ago, and the
combined crop of the United States
and Canada is one hundred anG
twenty million under that of a year
ago. The worlds visible supply Of
wheat is two hundred million bush
els short of year ago.
I'VE do not intend to call an or
ganized strike to withhold grain .
from the market to force the price
to regain its true lsyel&. says Mr. 4
Howard but 5wH3 do feel that every
farmer should know the facts as to
the available supply and probable /
demand: and if on the strength of
these facts it seems good business
to hold, he should be granted the
necessary credit to do So We do
not believe the general consuming
public desires to see the farmer
accept the present ruinous prices of
fered. particularly when the margins
made go into the pockets Of the
speculator rather than to the man
who buys the bread"