Europe and Japan are in a funk and lamenting that orthodox macroeconomic measures have failed to provide the stimulus needed to spur growth. Now it is being suggested that exceptional times call for exceptional measures. India Wins its Way The U.S., and eventually the WTO General Council, acceded to the demands from New Delhi that the country can have open right to run a food stockpiling operation. Actually, it is a peace clause until a permanent rule can be negotiated. In this case, however, the temporary becomes the permanent. The upside is that a globally helpful Trade Facilitation Agreement can now move forward. The downside is that the WTO and efforts to negotiate a new multilateral trade agreement have likely been given another knif...

TAGS – Feed Grains, Wheat, Asia, North America