Introduction of genetically modified wheat in the U.S. still risks the loss of 25%-50% of U.S. hard red spring wheat and durum exports and up to a 33% price plunge, according to Dr. Robert Wisner, a leading grain market economist. Monsanto postponed release of genetically modified wheat in May 2004, compelled by market resistance documented by Dr. Wisner in October 2003.
These risks remain large despite some policy changes, trends and other developments since October 2003 that could affect the market risk of introducing genetically modified wheat.
Potential Market Impacts from Commercializing Round-Up Ready® Wheat updates the earlier report.