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of Agriculture recently announced that CCC has sold or earmarked for special use all of its corn and wheat and has only small stocks of barley, rye, and sorghums. The only grain being held in sizeable qlantity in CCC’s uncommitted inventory is oats.
ORDERLY movement of government - held grain stock into commercial channels has been progressing since early January when USDA announced plans to expand sales of C C C grain, the chairman said. The department pointed out then that it has a legal obligation to supplement short supplies of private grain, and since then over 250 million bushels of CCC grain have entered the market.
“This means that anyone who wants to buy grain or soybeans bids for these commodities on the open market. “Supply and demand now dominate prices which are no longer depressed by huge governsurpluses.”
Looking ahead, this condition can be expected to continue as U.S. farmers continue to produce for markets at home and abroad. Therefore, farmers everywhere can be looking ahead now to newer mar
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