Wheat Price OutlookWheat prices decreased over the past month, likely supported by the better than expected condition of the U.S. winter wheat crop. On 5 July, wheat traded at USD 513 cents per bushel, which was down 1.5% from the same day in the previous month. The price was 4.4% lower on a year-to-date basis and was down 1.9% from the same day last year. While prices rallied somewhat in early June, on a USDA report which revised down ending stocks for the 2019–20 season, they fell towards the end of the month. This was likely influenced in part by data showing the U.S. winter wheat crop is in significantly better condition than that of last year. Moreover, in late June the USDA reported a high corn acreage for 2019, forcing corn prices down and likely dragging on wheat prices.
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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