2006 OUTLOOK OF THE U.S. AND WORLD WHEAT INDUSTRIES, 2005-2015

Won W. Koo and Richard D. Taylor

No 23574, Agribusiness & Applied Economics Report from North Dakota State University, Department of Agribusiness and Applied Economics

Abstract: This report evaluates the U.S. and world wheat markets for the 2005-2015 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 improve for the next nine years. World demand for both common and durum wheat are expected to grow faster than world production, resulting in gradual increases in prices of the wheat varieties. However, the current higher price levels in 2006 are due to weather conditions and will not be maintained, as production is expected to return to normal levels in 2007. World trade volumes of both classes of wheat are expected to expand, but trade volume of durum wheat may grow faster than that of common wheat.

Keywords: Crop; Production/Industries (search for similar items in EconPapers)
Pages: 46
Date: 2006
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://ageconsearch.umn.edu/record/23574/files/aer586.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:nddaae:23574

DOI: 10.22004/ag.econ.23574

Access Statistics for this paper

More papers in Agribusiness & Applied Economics Report from North Dakota State University, Department of Agribusiness and Applied Economics Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().