Wheat prices are up 34 percent in the last month.
In 1925 wheat prices rose to $2.17 then dropped down to $1.36.
The agency could allow sales based on internal European wheat prices.
As wheat prices recovered the late 1920s were golden years.
A massive population explosion in Europe brought wheat prices up.
The price was to be adjusted during the following two years, "having regard to" world wheat prices.
For farmers, there has been one beneficial effect: wheat prices are running at levels higher than a year ago.
Wheat prices fell from a 14-year high set on Monday after no new sales for export were announced.
Wheat price fell from $2.50 to under a dollar a bushel by late 1921.
He'd be discussing blue mold and whether to take risks on wheat prices.