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Economy / Grain Report #472462

NBC Evening News for Thursday, Aug 09, 1973
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(Studio) Govt. predicts record crops for wheat, soybean, and corn. Crops to be smaller than earlier predictions. More wheat may not lower food prices since United States feeds foreign cntries. also with wheat sales.
REPORTER: John Chancellor

(DC) Unless Nixon administration drastically cuts exports, shortages and higher food prices will result. Admin. believes cut exports would hurt relations with Russia, China, Japan, and worsen United States trade deficit.
REPORTER: Irving R. Levine

(Chicago, Illinois) Large whsle. bakeries face trouble getting flour. Flour prices rise with subsequent rise in bread.
REPORTER: Pat Thompson

Chancellor, John;
Levine, Irving R.;
Thompson, Pat

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