TRADE: Avoiding a Grain Drain

For the past three years, Washington's policy toward U.S. grain sales to the Soviet Union has been flawed in one important way. The only real policy has been to let the Soviet government play the free U.S. market by negotiating with private grain exporters: the Soviets had no obligation to say how much they wanted to buy, and Washington, though informed of the deals, might or might not choose to impose any limits. Soviet demands have bounded erratically from as little as 1.8 million metric tons last year to 10.2 million tons so far this year. The Soviets would...

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