2 Sentences With "wheat pit"

How to use wheat pit in a sentence? Find typical usage patterns (collocations)/phrases/context for "wheat pit" and check conjugation/comparative form for "wheat pit". Mastering all the usages of "wheat pit" from sentence examples published by news publications.

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The plot-line that follows Curtis Jadwin’s exploits in wheat speculation and attempt to corner the market was inspired by the true story of Bull trader Joseph Leiter. Norris learned of the Joseph Leitner Wheat corner of 1897-98 upon visiting Chicago in 1901. For a short period of time, Leitner was the largest individual holder of wheat in the history of the grain trade. Leitner lost an estimated 10 million dollars when the market crashed in 1898. The ups and downs of the Chicago wheat pit in the novel follow the pattern of Leitner’s market. Both first purchased wheat in April 1897 and both corners collapsed on Monday, June 13, 1898.
According to the June 16, 1930 issue of Time magazine, visitors carrying ripened wheat heads stared in curiosity at the six-story tall trading room directly above the lobby and behind the large windows below the clock facing LaSalle Street. At the center of the room, Time reported on the items being traded in "pits" organized based on commodities type with pits names such as the corn pit, soybean pit or wheat pit. The individual pits are raised octagonal structures where open outcry trading occurs. Steps up the outside of each octagon provide an amphitheater atmosphere, and enable a large number of traders to see each other and communicate during trading hours.