Abstract
Alaouze, Watson, and Sturgess (AWS) have recently revived the argument that the world wheat market is oligopolistic. McCalla described the market as a United States-Canadian duopoly, and the innovation of AWS is to convert the club into a triopoly by adding Australia. We are generally skeptical about the ability of oligopoly models to explain the behavior of world wheat prices, and oligopoly appears especially inappropriate in view of events since 1971. We offer two comments con-
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