The Soviet Union had not bought American corn, wheat or soybeans since last August.
As the receipts come in, the clearinghouse matches them with traders holding obligations to buy soybeans.
The reason was that traders who could not or would not buy soybeans or corn, both of which are traded in Chicago, bought wheat.
But the Europeans are eager to buy American soybeans, which, as a crop, has a higher percentage of modified seed.
The Thai Burma border consortium should buy soybeans and vegetables from the villagers to increase economic conditions.
Many speculators, whose risk-taking provides the vital market liquidity, seized upon the occasion once again to sell wheat and buy either corn or soybeans.
Iowa's farmers depend on foreign nations to buy their corn and soybeans.
That helps the agribusinesses that buy the corn and soybeans and the animals fed on those grains.
The market was dominated by rumors that China was buying soybeans and possibly wheat, and that Russia was in the wheat market.
Rumors of more trade with Communist nations sent futures traders scurrying to buy soybeans and corn.