Spring wheat acres expected to increase in 2023

Jan 10, 2023

When it comes to supply and demand for wheat, demand has outstripped supply for the past couple of years.

Chuck Penner with LeftField Commodity Research says with the strength in demand, we've seen an increase in prices.

The price rally was accelerated by the drought and most recently by the war in Ukraine.

In terms of major exporters, he says, Canada bounced back while there was a drop from other key exporters.

"If you look at just the stocks themselves, it's the lowest since 2016/17, and if you look at it as the days of use, it's the lowest since 2014/15. Now, as you may know, China accounts for over half of those global wheat stocks. China's really not a player in terms of an exporter. The other thing is, we really don't know if those stocks exist, how large they are, or what quality they are, all of those types of things. So if you strip China's stocks out of that, the picture looks even more friendly, if you want to call it that. "

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Video: Democratizing Gene Editing - Pairwise’s Vision for the Future of Agriculture

Pairwise has built its business around an idea that runs counter to how many companies approach innovation: make transformative technology easier to access.

In this Seed World interview, CEO Tom Adams discusses why broader access to gene editing could speed crop improvement, expand innovation opportunities and help agriculture address emerging challenges. He explains why Pairwise believes no single company can solve all of agriculture's problems alone—and why making advanced breeding technologies available to more organizations could accelerate progress across the industry.

The conversation explores how consumer trust influences technology adoption, why innovations like pitless cherries and seedless blackberries matter beyond convenience, and how future crop improvements could help address labor shortages, automation, harvest efficiency and other production challenges. Adams also shares his perspective on what the industry may be underestimating about the next wave of gene editing innovation.

Watch the full interview to hear why Pairwise believes agriculture is approaching an important inflection point for gene editing, and why the pace of innovation over the next decade could surprise the industry.

Topics Covered:

o Democratizing agricultural innovation

o Consumer trust and technology adoption

o The business case for sharing innovation

o Expanding innovation beyond major crops

o Next-generation breeding technologies