Falling U.S. corn prices have contributed to the recovery of U.S. market share in 2014. The price drop has led to a decrease in the ratio of wheat in feed. Last year’s two-month trade disruption caused by the discovery of GE wheat volunteers in an Oregon field doesn’t appear to have had a significant impact on the overall import of food quality wheat. However, Japan imported a large volume of feed wheat from Eastern Europe in fall 2013 (prior to the arrival in Japan of the new U.S. corn crop), ostensibly to substitute for short corn supplies.
