Wheat Price OutlookPrices 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)
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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