I am not sure that is going to be too informative as some other issues might dominate. Also, I don’t think it’s correct to think of some measure of wheat supply elasticity at a global level—in that it probably masks more than it informs. Local supply elasticities would be relatively known (I would think) but the bigger problem there is transportation. Can you get the increases output in one place to the markets where supply has been diminished due to the war in Ukraine. Given the state of transportation constraints in shipping (but maybe this could be off-set by the air cargo repurposing of prior passenger planes) I suspect that will have a larger impact than the reduced output (and shipping) from Ukraine.
This paper, published 2010 so a bit dated, has a number of different estimates for elasticity so might give you some ideas.
I am not sure that is going to be too informative as some other issues might dominate. Also, I don’t think it’s correct to think of some measure of wheat supply elasticity at a global level—in that it probably masks more than it informs. Local supply elasticities would be relatively known (I would think) but the bigger problem there is transportation. Can you get the increases output in one place to the markets where supply has been diminished due to the war in Ukraine. Given the state of transportation constraints in shipping (but maybe this could be off-set by the air cargo repurposing of prior passenger planes) I suspect that will have a larger impact than the reduced output (and shipping) from Ukraine.
This paper, published 2010 so a bit dated, has a number of different estimates for elasticity so might give you some ideas.