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Inside Report (1)

Grain speculators won't like it. But governments are getting into the business of stabilizing long-range food prices. More and more, US officials are following the pattern in other countryes to ensure both adequate food supplies and steady prices. This week's four-year US grain contract with China was one result.

Next, look for new rules to emerge from a Nov. 10-15 meeting in Australia among major grain exporting countries. Their goal: a new agreement to help hold down wheat prices in poor crop years.

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If successful, the deal could help third world countries that now get slammed with hefty food bills every time there's a poor crop year.m