A long time ago, we spent quite a few years involved in merchandising U.S. wheat for export to markets scattered around the globe from the former Soviet Union to China and the rest of Asia. Wheat dominated world grain trade, and U.S. wheat dominated world wheat trade.  Those were exciting times for wheat traders, and we still look back on those years with fond memories. It is probably natural that we still carry a certain small bias toward markets for physical wheat supplies and for wheat futures markets. To say that wheat trade has changed in the last 50 years is an understatement. In 1969 and many years prior, both the U.S. and the EU were operating farm programs with high support prices for grains. This was especially true for whe...