Wheat demand continues to increase

Jan 23, 2023

The global appetite for wheat has been on a steady upward trend for the past two decades or so.

That, combined with the war in Ukraine and dry conditions affecting production in some major wheat exporting nations, should set the table for continued support of global wheat prices.

“We’ve had this situation where (global) production has been outstripped by usage for the last several years,” said Chuck Penner, market analyst with LeftField Commodity Research.

“When that happens, you have global wheat stocks declining.”

In a recent wheat market outlook presentation at CropWeek in Saskatoon, Penner painted a generally favourable supply and demand picture that should have Canadian wheat sellers feeling confident about the direction of wheat prices in the months ahead.

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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