1 The estimated purchase price, including loan collateral forfeited, is a rough approxi-
mation only, since inventory records of most commodities acquired from various crop
years at various prices are maintained on a comingled basis. Since commodities in the
Corporation's inventory are generally disposed of on a "first-in, first-out" basis, it has
been assumed for the purposes of this statement that the purchase price of commodities
sold related predominantly to the oldest commodities in inventory.
2 Offered in monthly sales list but no inventories became available.
Offerings were for entire inventory available of broken rice only.

Offerings were for light-test weight and soft red wheat only. Other wheat was sold for
export under the International Wheat Agreement and outside the agreement at less than
domestic prices but not on a competitive bid basis.

Offer intended to include entire inventory available.

All bids originally received were rejected. A later bid for the purchase of grade A
butter at 41 cents per pound was accepted. Subsequently, offer was made to sell at not
less than 41 cents per pound for grade A and not less than 39 cents for grade B butter.
On the basis of these prices, CCC sold 1,414,351 pounds of butter at estimated purchase
price of $806,000 for $557,662.

8 Available either for export or domestic sale. Presumably export sales would be negligible and CCC records would not reflect whether any was actually exported.