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Drought / Heat Wave / Grain Inventories #116420

ABC Evening News for Sunday, Jun 26, 1988
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(Studio: Sam Donaldson) Breaking of heat wave in Midwest reported Impact of drought on farmers noted. Report introduced.

(Chicago, Illinois: Ron Claiborne) Buying of grain from government inventories in case drought persists reported [Iowa State Univ. economy Neil HARL - says fed. stks. have decrease] [Grain company mkting. manager Thomas FELDMAN - says buyers seek to hold now and get higher price later.] Soaring commodity prices outlined on screen. [HARL - says holding of commodities will affect prices.] [On "Face the Nation", Senator Patrick LEAHY - opposes speculation on grain prices.] Stmt. from Agriculture Secretary Richard Lyng on government grain sales quoted.

Claiborne, Ron;
Donaldson, Sam

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