IDAHO WHEAT COMMISSION

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U.S. Wheat President Reflects on Dramatic Market Changes

Vince Peterson, retiring president of U.S. Wheat Associates, reflected on major global wheat market shifts during his 50-year career, including the EU and former Soviet Union moving from major importers to exporters—a 120 million-ton trade shift. With global wheat demand expected to grow significantly as the world population nears 10 billion, Peterson emphasized the need to maintain strong international partnerships. He also highlighted rising market volatility driven by financial and algorithmic trading, and called for greater investment in technology and yield improvements, while reaffirming U.S. wheat’s commitment to premium quality.