The potential impact of elevated atmospheric carbon dioxide concentration ([CO2]) and future climate predicted for 2050 on wheat marketing grades and grain value was evaluated for Victoria, Australia. This evaluation was based on measured grain yield and quality from the Australian Grains FACE program and commercial grain delivery data from Victoria for five seasons (2009-13). Extrapolation of relationships derived from field experimentation under elevated [CO2] to the Victorian wheat crop indicated that 34% of grain would be downgraded by one marketing grade (range 1-62% depending on season and region) because of reduced protein concentration and that proportions of high-protein wheat grades would reduce and proportions of lower protein gr...