In the world struggle for power, grain can be for the United States what oil is for the Arab states.
In countries where inadequate crops make imports a matter of life or death for millions, grain can shatter national alliances. In countries that have grain to sell, market fluctuations in that commodity can dangerously affect the balance of trade. In America, where 90 percent of the market is controlled by six firms, grain is a financial powerhouse. If international money moves in to manipulate that market, or governments step in to use grain for political control, the consequences, for good or bad, are world-shaking.
When details of the Russian grain deals came to light, Americans became acutely aware of the grain trade as a major financial and political force in the world. In this factual and easy-to-understand book, John Freivalds shows exactly how the grain trade works from the moment a bushel of grain leaves the farmer's field until it reaches the consumer. There are sometimes as many as tweny-five separate steps; some lots are bought and sold thirteen times before leaving the storage elevators.
Grain Trade sketches in the past, examines the present, predicts the future, and gives the reader all the facts needed to understand this newly recognized lever in the world power struggle.
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