Milling & Baking News breaks global news about the Soviet purchase of US wheat. The Russian Wheat Deal is the biggest story in modern trade history due to the deal’s scale and secretive nature. The sale of American wheat to its Cold War adversary signals the failure of one of the world’s major grain growers to feed its own people. The deal changes the price relationships in nearly all commodities Milling & Baking News readers use.
“There had never been a scoop like this one, not only of great importance to our industry, but of even greater importance in global economics and politics,” said Morton Sosland. “While I don’t know all the reasons, our centrality to the global grain industry at that time — few other magazines or competitive publishers were so well positioned — made us the ‘natural’ place to break this news.”