Wheat stalks in field next to dirt road

Wheat Price Outlook

Wheat prices jumped over the past month on spiraling supply fears due to the Russia-Ukraine war. Prices averaged USD 1,146 cents per bushel in May, which was up 7.3% from April's price, and was 63.6% higher than in the same month last year. Moreover, on 31 May, wheat traded at USD 1,088 cents per bushel, which was 4.2% higher than on the same day of the previous month. The war in Ukraine continued to hold up wheat exports from the Black Sea, a key exporting region, thus boosting prices. The U.S. Department of Agriculture’s forecasts, released in April, projected lower-than-expected ending stocks of wheat globally in 2022 and also boosted prices. Moreover, India announced a full wheat export ban in mid-May, adding further fuel to the price rally.

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  

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

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Wheat Historical Price Chart


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

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

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