Show Drop Seen in 64 Wheat Price Prospects for record wheat exports from the United Stat es this year should not be mis taken for a range long solution tion to the wheat problem in inthe 1 the United States Secretary i o of Agriculture Orville L Free Free- Freeman Freeman man has cautioned Although no sales of I wheat have been made to the USSR or eastern European countries as a result of the change in export policy an an- an announced by the President on Oct 9 the Secretary said there continues to be every prospect that wheat exports will be extremely per large haps as high as 1 billion bush els I AS A RESULT wheat car I car car- carryover next June 30 may be between and million bushels This Is only million bushels greater than the amount of wheat which the United States ought to carry for stabilization and security reserves There is no reason to be be- be believe i lIeve that this is anything but buta I Ia a shot one deal we should base our plans on the I tion of more normal harvests in the rest of the world and a amore amore more normal run long level of wheat exports I HOPE farmers do not mistake good prices and high exports this year as an indication tion that wheat prices price next year will be equally good No Noone one can accurately predict the level of wheat prices next year but current prices in the indicate wheat futures market that cash wheat next summer will be selling far below cur cur- current current rent values The Department will con to do everything ill to its power to strengthen wheat prices for lor the 1964 1064 crop but expected overproduction coupled with the support price next year very vey likely wilt will substantially weaken prices Secretary Freeman said |