Wheat stalks in field next to dirt road

Wheat Price Outlook

Prices for wheat decreased over the last month due to uncertainty over future Chinese demand prospects induced by the coronavirus outbreak. On 13 March, wheat traded at USD 506 cents per bushel, which was 7.0% lower than on the same day in the previous month. Additionally, the price was down 9.4% on a year-to-date basis but was 13.1% higher than on the same day last year. Wheat prices continued to fall in recent weeks due to weak demand and a broader fall in agriculture prices in the market. Moreover, global production levels pointed to healthy supply, while the latest USDA reports showed domestic crop quality remained robust. While export sales data was upbeat in recent weeks, pointing to still solid demand conditions, the coronavirus spreading rapidly outside of China has likely pulled prices below fundamentals.

Wheat Price History Data (USD cents per bushel, aop)

2015  2016  2017  2018  2019  
Wheat 508.73  438.86  439.48  496.56  494.16  

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Price forecasts and historical data for Energy, Metals and Agricultural Commodities.

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Wheat Historical Price Chart


Wheat historical price chart
Note: Chicago Board Of Trade (CBOT) Wheat, prices in USD cents per bushel (bu). Daily prices.

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Price forecasts and historical data for Energy, Metals and Agricultural Commodities

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