Wheat Price OutlookWheat prices continued their slide in recent weeks. On 9 September, wheat traded at USD 391 cents per bushel, which was 2.3% lower than on the same day in August and marked the lowest figure in over a year. Moreover, the reading was down 7.0% on a year-to-date basis. The price was 5.8% lower than on the same day last year. Good harvests in the U.S. and Russia have more than offset disappointing, inclement weather-related production in Europe. The increased supply was accompanied by news that global stocks of wheat had increased for a fourth consecutive year, putting further downward pressure on prices. However, analysts believe prices will recover somewhat as low prices will push farmers to sow less wheat in the near future.
Wheat Price History Data (USD cents per bushel)
Price forecasts and historical data for Energy, Metals and Agricultural Commodities.
Note: Chicago Board Of Trade (CBOT) Wheat, prices in USD cents per bushel (bu). Prices are average of period (aop).
Wheat Historical Price Chart
Price forecasts and historical data for Energy, Metals and Agricultural Commodities