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2010 Outlook of the U.S. and World Wheat Industries, 2009-2019

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  • Taylor, Richard D.
  • Koo, Won W.

Abstract

This report evaluates the U.S. and world wheat markets for the 2009-2019 time period using the Global Wheat Policy Simulation Model. This analysis is based on a series of assumptions about general economic conditions, agricultural policies, weather conditions, and technological change. Both the U.S. and world wheat economies are predicted to remain relatively healthy for the next ten years. World demand for both common and durum wheat are expected to remain strong. The price levels in 2007, 2008 and 2009 might not be maintained in 2010 and the future because increased wheat and corn production in 2008 and 2009 and reduced demand for corn for ethanol production which pressures all commodity prices. World trade volumes of both classes of wheat are expected to expand, but trade volume of common wheat may grow faster than that of durum wheat.

Suggested Citation

  • Taylor, Richard D. & Koo, Won W., 2010. "2010 Outlook of the U.S. and World Wheat Industries, 2009-2019," Agribusiness & Applied Economics Report 91843, North Dakota State University, Department of Agribusiness and Applied Economics.
    • Handle: RePEc:ags:nddaae:91843
    DOI: 10.22004/ag.econ.91843
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    References listed on IDEAS

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    1. Beghin, John C. & Dong, Fengxia & Elobeid, Amani E. & Fabiosa, Jacinto F. & Fuller, Frank H. & Hart, Chad E. & Kovacik, Karen & Matthey, Holger & Saak, Alexander E. & Tokgoz, Simla & Chavez, Eddie C. , 2004. "FAPRI 2004 U.S. and World Agricultural Outlook," FAPRI Staff Reports 32046, Food and Agricultural Policy Research Institute (FAPRI).
    2. Benirschka, Martin & Koo, Won W., 1995. "World Wheat Policy Simulation Model: Description and Computer Program Documentation," Agricultural Economics Reports 23333, North Dakota State University, Department of Agribusiness and Applied Economics.
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