Wheat Price OutlookWheat prices jumped over the past month on spiraling supply fears due to the Russia-Ukraine war. Prices averaged USD 1,146 cents per bushel in May, which was up 7.3% from April's price, and was 63.6% higher than in the same month last year. Moreover, on 31 May, wheat traded at USD 1,088 cents per bushel, which was 4.2% higher than on the same day of the previous month. The war in Ukraine continued to hold up wheat exports from the Black Sea, a key exporting region, thus boosting prices. The U.S. Department of Agriculture’s forecasts, released in April, projected lower-than-expected ending stocks of wheat globally in 2022 and also boosted prices. Moreover, India announced a full wheat export ban in mid-May, adding further fuel to the price rally.
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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