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USSR Wheat Purchase #483802

NBC Evening News for Thursday, Jul 17, 1975
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(Studio) Agriculture Department reports USSR contract to buy 3 million-plus tons of wheat from two United States exporters, Cook Industries, Incorporated and Cargill, Incorporated Canadian wheat also sold to USSR . Agriculture Secretary Earl Butz believes USSR will buy 10 million tons of grain this year Rise of United States food prices considered.
REPORTER: John Chancellor

(Chicago, Illinois) Activity brisk at Chicago Bd. of Trade. Wheat prices drop, though have risen overall. Impact of USSR grain sale possibly already felt. Bread price, expected bumper wheat crop considered. [Commodities expert Conrad LESLIE - notes far-reaching impact of farmers' good fortune; include oil situation.] USSR purchase within 80 military ton figure estimated by Agriculture Department as safe export level.
REPORTER: Bob Jamieson

(Studio) Mike Mansfield quoted with regard to grain sale. 1972 sale and resulting United States price incr. noted.
REPORTER: John Chancellor

Reporter(s):
Chancellor, John;
Jamieson, Bob
Duration:
00:02:40

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