CBS Evening News for Wednesday, Oct 11, 1978
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(Studio) Agriculture Department predictions of record corn and soybean crops reported.
REPORTER: Walter Cronkite
(Belvidere, Illinois) [Grain trading expert Francis WOLFE - says corn and soybean crops will be records and notes winter wheat crop looks good now.] Some farmers' decisions to hold back grain sales in hopes of higher prices later reported Storage problem in Springfield, Minnesota, described. [Grain elevator manager Gary HELSTEDT - says farmers can't afford to sell now when they'll lose money on crop, so have to wait and hope for higher prices.] Commodity market pricing due to factors like crop predictions and negotiations for sale to USSR and other cntrys. examined. Good prospects for consumers with crop prediction stated.
REPORTER: Don Webster
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