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Suspension of additional fiscal year 1993 credit guarantees in connection 

 with sales to to Russia and Ukraine, resulting from missed payments on 

 obligations previously guaranteed under GSM-102, has reduced our share of 

 their imports. Losses in wheat market share have been offset somewhat by our 

 use of food aid. Food aid programs have been used to support U.S. corn 

 exports, but the possibilities for programming corn as food aid are more 

 limited than for wheat. 



If the United States makes no more sales on this fiscal year, our market 

 share will be 27 percent of the FSU's wheat import forecast and 38 percent of 

 coarse grain imports, reduced from earlier seasons. These estimates include 

 about 600,000 tons of wheat and 1 million tons of corn sold to Russia, with 

 respect to which guarantees were issued under the GSM-102 program and which 

 remains committed, but unshipped, because of problems with letters of credit. 



USDA has assured exporters of its continued willingness to stand by its 

 commitments with respect to these transactions, if the Russian and private 

 U.S. parties can reach agreement on restructuring them. I believe these 

 shipments will begin to move shortly. 



Looking at other exporters, the European Community has seen the largest 

 growth in its share of the FSU's wheat market. The EC share is up to 45 



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