U.S. wheat ending stocks are reduced slightly

Mar 13, 2015

Projected U.S. wheat ending stocks for 2014/15 are reduced 1 million bushels with an increase in expected seed use. The seed use change is based on the 2015 planted area projection released at USDA’s February Agricultural Outlook Forum. The projected season average farm price range is narrowed 5 cents on both the high and low ends to $5.90 to $6.10 per bushel.

This month’s changes to the world wheat balance for 2014/15 are small, highlighting a slight reduction in production, consumption and ending stocks. Although world wheat tradeis also unchanged as a total, the final number incorporates a number of offsetting changes on both the export and import side. U.S. wheat export projections are left unchanged this month.

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Source: USDA

Video: Finding a Balance of Innovation and Regulation - Dr. Peter Facchini

Regulations help markets and industry exist on level playing fields, keeping consumers safe and innovation from going too far. However, incredibly strict regulations can stunt innovation and cause entire industries to wither away. Dr. Peter James Facchini brings his perspective on how existing regulations have slowed the advancement of medical developments within Canada. Given the international concern of opium poppy’s illicit potential, Health Canada must abide by this global policy. But with modern technology pushing the development of many pharmaceuticals to being grown via fermentation, is it time to reconsider the rules?

Dr. Peter James Facchini leads research into the metabolic biochemistry in opium poppy at the University of Calgary. For more than 30 years, his work has contributed to the increased availability of benzylisoquinoline alkaloid biosynthetic genes to assist in the creation of morphine for pharmaceutical use. Dr. Facchini completed his B.Sc. and Ph.D. in Biological Sciences at the University of Toronto before completing Postdoctoral Fellowships in Biochemistry at the University of Kentucky in 1992 & Université de Montréal in 1995.