USDA OFFICIAL SEES 7-8 BILLION DLRS CERTIFICATES

  There will be seven to eight billion
  dlrs of generic certificates on the market by the end of
  harvest, an Agriculture Department official said.
      The Commodity Credit Corp will "depend heavily" on
  certificates to relieve storage problems this year, Ralph
  Klopfenstein, Deputy Administrator for Commodity Operations,
  USDA, told participants at the National Grain and Feed
  Association's annual convention.
      Klopfenstein said that CCC will not be able to relocate
  grain in any significant amount this fall, so certificates will
  be used in various programs to relieve storage tightness.
      Klopfenstein said certificates meet the goal of allowing
  prices to go below loan levels and providing USDA with an
  inventory management tool.
  

