Wheat stalks in field next to dirt road

Wheat Price Outlook

Prices for wheat fell over the last month due to uncertainty over Chinese demand prospects due to the coronavirus outbreak. On 14 February, wheat traded at USD 543 cents per bushel, which was 4.5% lower than on the same day in the previous month. Additionally, the price was down 2.9% on a year-to-date basis but was 7.1% higher than on the same day last year. Wheat prices had rallied until late January due to lower year-end stockpile projections from the USDA. Nevertheless, the coronavirus weighed on prices partly by lowering investors’ appetite for commodities, while also raising some concern over China’s ability to meet its wheat import quota outlined in the “phase one” trade deal. Moreover, the USDA in February trimmed its year-end stockpile estimates for 2019–2020 by noticeably less than what markets had expected, reducing previous supply concerns, and in turn, weighing on prices.

Wheat Price History Data (USD cents per bushel, aop)

2015  2016  2017  2018  2019  
Wheat 508.73  438.86  439.48  496.56  494.16  

Sample Report

Price forecasts and historical data for Energy, Metals and Agricultural Commodities.

Download

Wheat Historical Price Chart


Wheat historical price chart
Note: Chicago Board Of Trade (CBOT) Wheat, prices in USD cents per bushel (bu). Daily prices.

Sample Report

Price forecasts and historical data for Energy, Metals and Agricultural Commodities

Download

Request a Trial

Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.

Sign Up

Search form