STABILIZING THE INTERNATIONAL WHEAT MARKET WITH A U.S. BUFFER STOCK
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Recent world carryover stocks of wheat are 65 percent of their average
level during the decade of the 1960's. The precarious nature of this
position has been demonstrated by the rapid upward movement of wheat prices
in the last few years as world stock levels were depleted. The concern of
many has been evidenced by numerous proposals for a world food or grain
reserve.