In a stuffy annex of the State Department last week, tired delegates of 42 nations pushed back their yellow leather chairs, faced each other around a horseshoe-shaped conference table, and cheered. After eight perspiring weeks of negotiations, they had reached a world agreement to "stabilize" the price and export market of wheat.

The agreement was full of ifs & buts, and it still had to be approved by the U.S. Congress and the other nations. But, in principle, it would provide a steady, four-year market for a maximum of 456 million bushels...

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