after be adjusted from time to time as CCC determines appropriate to reflect changes in market conditions. Producers may obtain schedules of such factors and discounts and adjustments thereof at county ASCS offices approximately 1 month prior to the loan maturity date or as soon thereafter as practicable.

Subpart-1970 and Subsequent Crops Soybean Loan and Purchase Program

AUTHORITY: The provisions of this subpart issued under sec. 4, 62 Stat. 1070, as amended; 15 U.S.C. 714b. Interpret or apply sec. 5, 62 Stat. 1072, secs. 203, 301, 401, 63 Stat. 1054; 7 U.S.C. 1446(d), 1447, 1421.

SOURCE: The provisions of this subpart appear at 35 F.R. 13971, Sept. 3, 1970; 35 F.R. 14501, Sept. 16, 1970, unless otherwise noted. § 1421.365

Purpose.

This subpart contains program provisions which, together with the annual soybean crop supplement, the provisions of the General Regulations Governing Price Support for the 1970 and Subsequent Crops and any amendments thereto or revisions thereof (such regulations are referred to in this subpart as "General Regulations"), and the Cooperative Marketing Association Eligibility Requirements for Price Support in Part 1425 of this chapter and any amendments thereto, apply to loans and purchases for the 1970 and subsequent crops of soybeans.

§ 1421.366 Availability.

Producers desiring price support for soybeans must obtain a loan or notify the county ASCS office of intentions to sell to CCC no later than the dates set forth in the applicable annual soybean crop supplement to the regulations in this subpart.

§ 1421.367 Eligible soybeans.

(a) General. To be eligible for a loan or a purchase, the soybeans may be of any class but must be merchantable for food, feed, or other uses, as determined by CCC, and must not contain mercurial compounds or other substances poisonous to man or animals.

(b) Warehouse stored loan grade requirements. To be eligible for a warehouse-storage loan, the soybeans must also meet the following requirements:

(1) The soybeans must grade U.S. No. 4 or better.

(2) If the soybeans grade "Weevily", the warehouse receipt issued for such soybeans must be accompanied by a sup