The Brazilian government announced last week that they will postpone their decision on whether or not to impose trade retaliation against certain U.S. exports, possibly including wheat, in a long-running dispute over U.S. cotton subsidies until Feb. 28.

Brazilian officials stated they wanted to give the U.S. more time to act to either make the necessary payments or to pass a new farm bill that would comply with the World Trade Organization’s (WTO) rules on subsidies. This past fall, the U.S. Government ceased monthly payments of $12.25 million it had agreed to pay Brazil not to retaliate.