COMMODITY CREDIT CORPORATION-Continued

Commodities offered for export sale on a competitive bid basis during calendar years 1953, 1954, and 1955-Continued

COMMODITY CREDIT CORPORATION-Continued

Commodities offered for export sale on a competitive bid basis during calendar years 1953, 1954, and 1955—Continued

Pounds.

26,749, 752

June 1953. January 1954.

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.
3 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.

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