The Washington herald., 1921-07-18
us. WHEAT EXPORT
IN FISCAL YEAR Il
"A RECORD BREAKER
Both Quantity and Value
of Foodstuffs Reaches
Best Marks.
CORN EXPORTS HIGH
Yeaf,s Wheat Expectations
Total 365, ,OO0,0O0 Bushels;
Corn, Over 60,000,000 Blu.

The United States made its high
est record in supplying breadstuffs
to the world in the fiscal year~just
ended. Of wheat. which the world
must have, and will find some way
of buying irrespective of otheer
conditions. the exports were the
biggest ever" totaling in round
terms 3s5,000.0oo bushels, an aver
age of 100000 bushels a day for
the full year, as against a former
high record Of 332,ooo.ooo in the fis-
cal year 1915. OF corn the export
record Of the year was far above
the average of the past decade, and
in rye, which we no longer use for
distillation purposes, and of which
the worlds chief producing area in
Russia, Poland and Germany have
been cut off from world markets,
our exports in 1921 far exceeded
that Of any earlier year.
United States Stages Surprise.
The United States has surprised
says a statement by the National
City Bank of New York. by supply
ing to the outside world more bread
spite the current belief that with
the growth of our own consuming
population the quantity we should
be able to spare for other parts |of
the world would decline. Wheat
exports for the fiscal year 1921, in
cluding flodr in terms of wheat. to-
tai approximately 365. 900. 600 bush
els; corn over 10000. 900: rye nearly
: II -.
were until recent years very small
producers and large importers. the
exports of the year total over 40O.-
900 900 pounds. and are larger than
those of any earlier year except
1920. OF course this large distri-
button of wheat by the United
States has been due in some degree
to the fact that the wheat imports
Of the year have been larger than
ever, aggregating nearly 10000. 900
bushels as against the forSer high
record Of about 30.o00,000 bushels
in 1918, but nevertheless the uuan-
tity of genuine United States wheat
passing to the outside world Is far
In excess OF any earlier year, and
the promotion OF the 1890 crop
which we have sent abroad in the
hscal year 1921 is probably larger
than in any earlier year. despite
the considerable "carry-oyer" from
the 1918 crop.
Europe Takes Bulk.
Europe, OF course, took the bulk
OF this high record total of our
wheat exports in the fiscal year just
ended. The quantity sent to the
United Kingdom alone was slightly
more than 100. 200. 900 bushels. as
against about 60,0O0,000 in the i'm
mediately preceding year. these fg-
ures also including the -four stated
in terms of wheat. italy ranked
next to Great Britain, the wheat
sent to Italy in the fiscal year 1921
aggregatinE nearly $4,000. 900 bush
els, as against approximately 80
100000 I'm the immediately preceJ-
ing year: Germany. $4,000. 900 bush
els; France 25.000,o00 buhels and
Belgium. 25.o0O.0O0 bushels. or the
365.000. 900 bushels exported in the
fiscal year 1920, Europe took slight
ly more than SOC. 0.00O. 900 bushels
the remainder going to Canada
Latin America. Asia, Africa and the
Pacific islands, but chiefly in the
form Of flour. The percentage of
the wheat exports which. went in
the form OF -four in 1921 is excep-
tionally low. as is usually the case
when very large quantities of
wheat are heing exported. the pro-
portion of the total exports which
our millers turn into -four before its
distribution. being smaller in wears
OF heavy expectation than in those
in which tie total quantity of wheat
exported is small. The proportion
of this high record of wheat exports
which went in the form of flour is
little more than 20 per, cent. as
against over 40 per cent in the i'm
mediately preceding year, when the
total exports Of wheat Gncluding
fourl were only 220.0o0.o00 bushels,
as against 365 zoo. 900 bushels in the
fiscal year just ended.
Total value of Product.
While the price per bushel at
which the exports of 1921 went
abroad averaged less than in 1920.
the total value of our wheat .ex-
ports in the year just ended far ex-
ceeds that Of any earlier year, to-
taling about sS40. 100000 Qncluding
flour in terms. of wheat), against
S6S3,OOU,OOO IN 1873, the FORMER nigh
record year. During the actual op-
erations of the war. the value of
wheat and flour exports never pass
ed the s400.000,000 line except in
1915, when it stood at $429.oo0, 00o
The price at which United States
wheat has been exported in recent
years averaged s5 cents a bushel in
1914; $1.25 in 1915 and 1916: 6:A;1.so
in 1917; S2.37 in 1918 and 1919: $3.50
in 1920, and in the fiscal yeear 1921
ranged downward from sass per
bushel in July, 1920. to s2.13 in jan
uary. 1921: 81 per bushel in Febru-
airy; sl:s2 in March; si.e7 in April.