Wheat’s Ups and Downs, devotes its first segment to a presentation given by Glen Squires, CEO of the Washington Grain Commission at Farm Forum held in Spokane last February. He looks at present and future opportunities for the Pacific Northwest’s wheat industry in the Philippines, Japan, Korea and Latin America. The second segment, from the same meeting, is an investigation of the poor wheat fundamentals farmers are facing now. Randy Fortenbery, Washington State University agricultural economist who holds the Tom Mick Endowed Chair in Small Grains Economics, delivers the bad news.