Wheat Price OutlookPrices for wheat increased over the past month, likely due to still-strong demand. On 7 October, wheat traded at USD 741 cents per bushel, which was 3.0% higher than on the same day in the previous month. Moreover, the price was 22.0% higher than on the same day last year and was up 15.7% on a year-to-date basis. Wheat prices were hovering around seven-year highs in early October due to robust global demand. Moreover, the easing of some supply chain disruptions caused by Hurricane Ida back in August should have exerted some upward pressure on prices in recent weeks due to higher U.S. export capacity. That being said, expectations of strong global production seemingly limited the overall rise. In addition, prices have likely been running ahead of fundamentals over the past couple of months, giving way to some investor profit-taking.
Wheat Price History Data (USD cents per bushel, aop)
Price forecasts and historical data for Energy, Metals and Agricultural Commodities.
Wheat Historical Price Chart
Price forecasts and historical data for Energy, Metals and Agricultural Commodities
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