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plemental certificate which provides for the delivery by the warehouseman of soybeans which do not grade "Weevily" and which are otherwise of an eligible grade and quality. The grade, grading factors, and the quantity shown on the supplemental certificate must be as specified in § 1421.370(c).

(3) If the soybeans contain in excess of 14 percent moisture, the warehouse receipt issued for such soybeans must be accompanied by a supplemental certificate which provides for the delivery by the warehouseman of soybeans containing not over 14 percent moisture and which are otherwise of an eligible grade and quality. The grade, grading factors, and the quantity shown on the supplemental certificate must be as specified in 1421.370 (c).

(4) Soybeans must not grade "Garlicky."

§ 1421.368 Determination of quality.

The class, grade, grading factors, and all other quality factors shall be based on the Official Grain Standards of the United States for Soybeans, whether or not determinations are made on the basis of an official inspection.

§ 1421.369 Determination of quantity. When the quantity of soybeans is determined by weight, a bushel shall be 60 pounds of soybeans free of foreign material in excess of 1 percent; the weight of foreign material in excess of 1 percent shall be deducted from the gross weight in the determination of the net number of bushels of soybeans.

(a) In warehouse. The quantity of soybeans stored in an approved warehouse and on which a warehouse storage loan may be made, and the quantity of soybeans delivered to or acquired by CCC in an approved warehouse, shall be the net weight specified on the warehouse receipt, or on the supplemental certificate, if applicable. If the soybeans have been dried or blended to reduce the moisture content, the quantity specified on the warehouse receipt or the supplemental certificate, if applicable, shall be the quantity after drying or blending, and such quantity shall reflect a minimum shrink in the receiving weight of 1.2 times the percentage difference between the moisture content of the soybeans when received, and 14 percent.

(b) On farm. The quantity of soybeans eligible to be placed under a farm storage loan shall be determined in ac

cordance with § 1421.18 of the general regulations. The quantity acquired by CCC from farm storage shall be determined by weight.

§ 1421.370 Warehouse receipts.

Warehouse receipts tendered to CCC in connection with a loan or purchase must meet the requirements of this section.

(a) Separate receipt. A separate warehouse receipt must be submitted for each grade and class of soybeans. In the case of approved cooperative marketing associations, a separate warehouse receipt also must be submitted for each county support rate at which price support is obtained.

(b) Entries. Each warehouse receipt or the warehouseman's supplemental certificate (in duplicate), properly identified with the warehouse receipt, must show all of the following: (1) Gross weight and net bushels, (2) class, (3) grade, (4) test weight, (5) moisture, (6) percentage of foreign material, (7) any other grading factor(s) when such factor(s), and not test weight or moisture, determine the grade, (8) for soybeans grading No. 2, 3, or 4, the percentage of total damage, (9) for soybeans grading No. 3 or No. 4, the percentage of splits, and heat damage, (10) whether the soybeans were received by rail, truck, or barge, and (11) the date the soybeans were received or deposited in the warehouse.

(c) Where warehouse receipt shows "Weevily", or moisture over 14 percent, or both. If a warehouse receipt tendered for a loan shows that the soybeans grade "Weevily" or contained over 14 percent moisture, or both, the warehouse receipt must be accompanied by a supplemental certificate as provided in § 1421.367(b) (2) and (3) in order for the soybeans to be eligible for price support. The grade, grading factors, quantity to be delivered, and other information must be shown on the supplemental certificate as follows: (1) When the warehouse receipt shows "Weevily" and the soybeans have been conditioned to correct the "Weevily" condition, the supplemental certificate must show the same grade without the "Weevily" designation and the same grading factors and quantity as shown on the warehouse receipt; (2) when the warehouse receipt shows moisture content over 14 percent and the soybeans have been dried or blended, the supplemental certificate must show the grade, grading factors, and quantity

after drying or blending the soybeans to a moisture content of not over 14 percent. The quantity shown on the supplemental certificate shall reflect a drying or blending shrink specified in § 1421.369(a); (3) the supplemental certificate must state that no lien for processing will be claimed by the warehouseman from Commodity Credit Corporation or any subsequent holder of the warehouse receipt; (4) in the case of conditions specified in subparagraphs (1) and (2) of this paragraph, the grade, grading factors, and the quantity shown on the supplemental certificate shall supersede the entries for such items on the warehouse receipt.

(d) Liens. The warehouse receipts may be subject to liens for warehouse charges only to the extent indicated in § 1421,372. § 1421.371 Fees and charges.

The producer shall pay a loan service fee and delivery charge as specified in § 1421.11 of the general regulations. § 1421.372 Warehouse charges.

(a) Handling and storage liens. Warehouse receipts and the soybeans represented thereby stored in approved warehouses operating under the Uniform Grain Storage Agreement may be subject to liens for warehouse handling and storage charges at not to exceed the Uniform Grain Storage Agreement rates from the date the soybeans are deposited in the warehouse for storage. Warehouse receipts and the soybeans represented thereby stored in approved warehouses operated by Eastern common carriers may be subject to liens for warehouse elevation (receiving and delivering) and storage charges from the date of deposit at rates approved by the Interstate Commerce Commission. In no event shall a warehouseman be entitled to satisfy the lien by sale of the soybeans when CCC is holder of the warehouse receipt.

(b) Deduction of storage charges— UGSA warehouses. The table set forth in the annual soybean crop supplement will provide the deduction for storage charges to be made from the amount of the loan or purchase price in the case of soybeans stored in approved warehouses operated under the Uniform Grain Storage Agreement. Such deduc

tion shall be based on entries shown on the warehouse receipts. If written evidence is submitted with the warehouse receipt that all warehouse charges except receiving and loading out charges have been prepaid through the loan maturity date, no storage deduction shall be made. If such written evidence is not submitted, the beginning date to be used for computing the storage deduction on soybeans stored in warehouses operating under the Uniform Grain Storage Agreement shall be the latest of the following: (1) The date the soybeans were received or deposited in the warehouse, (2) the date storage charges start, or (3) the day following the date through which storage charges have been paid,

(c) Deduction of storage chargesEastern common carriers. The table set forth in the annual crop year supplement will provide the deduction for storage charges to be made from the amount of the loan or purchase price in the case of soybeans stored in an approved warehouse operated by an Eastern common carrier. Such deduction shall be based on entries shown on the warehouseman's supplemental certificate and delivery order. If written evidence is submitted with the supplemental certificate and delivery order that all warehouse charges except elevation charges have been prepaid through the applicable loan maturity date, no storage deduction shall be made. Where the producer presents evidence showing that the elevation charges have been prepaid, the amount of the storage charges to be deducted shall be reduced by the amount of the elevation charges set forth in the table in the annual crop year supplement.

§ 1421.373 Maturity of loans.

Loans will mature on demand but not later than the date specified in the annual soybean crop supplement to the regulations in this part.

§ 1421.374 Support rates.

The basic county support rates and the schedule of premiums and discounts for use in making loans and for use in settling loans and for purchases shall be as set forth in the annual soybean crop supplement to the regulations in this part.

Subpart-1970 Crop 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. 12829, Aug. 13, 1970, unless otherwise noted.

§ 1421:390 Availability.

A producer desiring a price support loan must request a loan on his eligible 1970 crop soybeans on or before May 31, 1971. To obtain price support through sales, a producer must execute and deliver to the appropriate county ASCS office, on or before June 30, 1971, a Purchase Agreement (Form CCC-614) indicating the approximate quantity of 1970 crop soybeans he may sell to CCC. § 1421.391 Warehouse charges.

Subject to the provisions of § 1421.372, the schedules of deductions set forth in this section shall apply to soybeans stored in an approved warehouse operating under the Uniform Grain Storage Agreement, or operated by an eastern common carrier.

(a) Warehouses approved under the Uniform Grain Storage Agreement.

SCHEDULE OF DEDUCTIONS FOR STORAGE CHARGES FOR MATURITY DATE OF JUNE 30, 1971

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Loans mature on demand but not later than June 30, 1971.

$1421.393 Support rates, premiums and discounts.

Farm-stored soybean loans shall be made at the basic county support rate for the county in which the soybeans were produced, adjusted only for the Weed Control discount where applicable. The support rate for warehouse-storage loans and for soybeans acquired under a loan or by purchase shall be the basic support rate for the county in which the soybeans were produced adjusted by the applicable premiums and discounts prescribed in paragraphs (b) and (c) of this section. Settlement of loans and purchases shall be made as provided in § 1421.23 of the general regulations.

(a) Basic county support rates. Basic county support rates for the classes Green Soybeans and Yellow Soybeans containing 12.8 to 13.0 percent moisture and grading not lower than No. 2 on the factors of test weight, splits, and heat

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