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Replay of 1972 Could Boost U.S. Grain Prices

When Soviet Union bought enormous amounts of grain in '72, weak prices ended

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U.S. agricultural markets could be about to get a boost, reports Forbes.

The matter hinges in part with the on-going, and acrimonious, trade negotiations between the Trump administration and China.

At least one commentator thinks that this part of the trade deal could be solved in a repeat of an event in the 1970s.

Back in 1972 America's then arch enemy, the Soviet Union, decided to buy up an enormous amount of U.S. wheat and other grains, explains a recent report from agriculture-focused financial firm Hackett Financial Advisors. It ended a years-long period of weak grain prices in the U.S., the report states.

Read the report at Forbes.

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