Imports are likely to increase, especially if Canada has a large, good quality crop. But unless yields are exceptional in Canada, there should be enough offshore demand for Canadian wheat. High wheat prices are expected to have little effect on U.S. food use. Even after strong flour price increases, wheat accounts for less than 10 percent of the cost of a loaf of bread. U.S. consumers are affluent enough that small price increases do not affect purchasing patterns as much as changing tastes and preferences.
Population increases provide the basis for slow growth.