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This paper examines the negotiation, implementation and impact of the four-year contract for delivery of Canadian wheat to Britain (July 1946). The notion of such an agreement was controversial within government and industry, not only in Canada and the United Kingdom but also in the United States. This assessment concludes that, in spite of its negative reputation, especially in Canada, the wheat contract met the principal aims of both sides. For the Canadian government especially this episode interwove many of its anxieties and ambitions in an uncertain financial, commercial and political situation after the Second World War. [ABSTRACT FROM AUTHOR]