In 2010, wheat was grown on nearly 217 million ha worldwide (more than any other food crop) and a total of 651 million t of grain was harvested, making it the third most-cultivated cereal after maize and rice (www.faostat.fao.org). It is one of the main staple food crops providing approximately 20 % of our daily needs of protein and calories. Wheat is traded on global commodity markets which have become accustomed to a good annual harvest and large reserves. However, global demand, estimated at 666 million metric tons (MMT) in 2010, is predicted to increase in line with population growth and reach 880 MMT (a 40 % increase) by 2050 (Weigand 2011). Significant action will be required to maintain this positive situation.Further complicating the supply/demand balance are extreme weather events, unpredictable longer-term climate patterns and changing regional preferences in crop choice/suitability. Recent localised severe weather and poor harvests have resulted in price volatility with notable spikes in 2008 and 2012 (Fig. 8.1). The volatility in the wheat market was exacerbated by the Russian export ban in 2010 resulting from an extreme heatwave in the grain producing regions of southwestern Russia. The highest July temperatures in 130 years brought severe drought, causing the annual harvest of the biggest wheat producing region (Volga) to be reduced by more than 70 % on that of the previous year (Wegren 2011; Welton 2011). The US wheat supplies for 2013/2014 are projected at 2917 million bushels, down 7 % from 2012/2013 (Vocke and Liefert 2014) and there is evidence that growers in some US states are moving away from wheat in favour of biotech soya and corn. Quoting statistics from the US Department of Agriculture, Rookhuyzen (2012) stated that wheat acreage for South Dakota declined by 1.2 million acres, or 28 %, between 1981 and 2011 and the acres planted with spring wheat in 2012 were the lowest in