The writing is on the wall that wheat export opportunities to Asian countries are likely to rise, especially for any global producer of a consistent product. The increases in global demand for corn and soybeans that have occurred in the past decade are somewhat reminiscent of events in the 1970s when the Soviet Union entered the global wheat market. In the case of wheat, corn and soybeans, a relatively sudden rise in demand resulted in sufficiently high prices to incentivize various nations to boost their production and enter the global export market. In each case, the expanding production eventually exceeded demand and there was a setback in price. However, the prior decline in global wheat prices did not result in the elimination of the n...

TAGS – Feed Grains, Soy & Oilseeds, Wheat, Asia, North America