But the Europeans had offered only an 18 percent cut in subsidized grain exports.
That cost American farmers $400 million a year in grain exports, according to Washington's calculations.
The Commonwealth's grain exports reached again the high levels of the early 17th century.
No one dared tell Mao of the failure; grain exports continued.
With the harvest in most areas still ahead, estimates of the effect on Canada's grain exports vary.
In 1925 grain exports comprised 88% and lumber the remainder.
In 2005, however, there were no Russian grain export to the North again.
After the loss of the grain exports, the old granaries were converted to houses.
China's grain exports were down slightly this past year due to poor weather.
Commodity prices are climbing, as is demand for American grain exports.