Wheat Price OutlookPrices for wheat jumped in the second half of August amid a weaker U.S. dollar, strong U.S. exports and supply concerns in South America. On 11 September, wheat traded at USD 542 cents per bushel, which was 9.5% higher than on the same day in the previous month. Moreover, the price was 13.5% higher than on the same day last year, although it was down 3.0% on a year-to-date basis. Wheat prices rose notably from mid-August to the start of September. Ongoing weakness in the U.S. dollar continued to support prices, while healthy U.S. export figures in the last two weeks of August pointed to upbeat demand conditions. Furthermore, heavy rains in South America reportedly damaged crops in recent weeks, which, coupled with downbeat supply projections for Europe and the Black Sea region, likely provided an additional boost to prices 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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