Wheat Price OutlookPrices for wheat increased in recent weeks, hitting an over five-year high in late October, due to strong U.S. export data and supply concerns across the Black Sea region and in Europe. On 6 November, wheat traded at USD 602 cents per bushel, which was 1.6% higher than on the same day in the previous month. Moreover, the price was 16.5% higher than on the same day last year, and it was up 7.7% on a year-to-date basis. Wheat prices continued to increase over the past month as U.S. exports were well above the weekly pace needed to reach the USDA’s export projections. Moreover, ongoing dry conditions in the Black Sea region and poor weather across Europe weighed on global supply prospects, which should have supported prices further. Meanwhile, a slightly weaker USD in early November should have also pushed prices higher over the past month.
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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