Wheat Price OutlookWheat prices continued to fall from late November’s near-decade highs over the past few weeks, likely due to expectations of higher U.S. output. On 14 January, wheat traded at USD 742 cents per bushel, which was 5.8% lower than on the same day in the previous month. Meanwhile, the price was 10.7% higher than on the same day last year but was down 3.8% on a year-to-date basis. The recent decline in prices for wheat was likely the result of the USDA raising its projections for domestic supply, while also bumping up global stockpiles in its latest report. The January World Agricultural Supply and Demand Estimates (WASDE) report projected U.S. winter wheat planting acreage to be higher than previously anticipated, which consequently weighed on prices. Moreover, the WASDE report also pointed to lower exports, which weighed on demand prospects and pushed prices lower.
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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