A bill to amend the Commodity Credit Corporation Charter Act to create within the Commodity Credit Corporation a National Grain Board, to provide the highest possible prices in foreign markets for American agricultural producers, to provide price and supply stability in domestic markets, and for other purposes.

[AI summary unavailable — showing source text] Amends the Commodity Credit Corporation Act to designate the Commodity Credit Corporation as the seller or marketing agent for all export sales of wheat, feed grains, rice, and soybeans. Allows an exporter to enter into a sale for export of any such commodity only if it is purchased from the Corporation and such sale is approved by the Corporation. Prohibits any contract for sale of a commodity at less than its established price. Establishes a civil penalty for violations of this Act. Authorizes the Board of Directors of the Corporation, acting as the National Grain Board, to negotiate such export sales, to barter such commodities for other goods, to accept purchase bids from foreign purchasers, and to offer selling bids in the world market. Permits the Corporation to acquire commodities on the domestic market to meet the objectives of this Act, and to establish reserves to meet future export sales. Establishes in the Treasury of the United States a revolving Export Sales Fund to receive revenues made by the Corporation in such sales in excess of costs. Allocates the moneys in such Fund for the making of deficiency payments under the Agricultural Act of 1949 with respect to the agr…