Bowl filled with wheat beans on a rustic wooden table. Bowl is on right side and on left side there are a couple wheat ears.

Wheat Prices

Wheat prices averaged USD 589 cents per bushel in September, which was down 4.0% from August’s price and 31.6% lower year on year. Additionally, on 29 September, wheat traded at USD 542 cents per bushel, 5.5% lower month on month. Encouraging supply developments likely drove the decline.

In the last few weeks, cargo ships have begun sailing to and from Ukraine via a “humanitarian corridor”, with 12 vessels reportedly ready to enter the corridor in early October. This comes despite the collapse of the Black Sea grain deal in July and bodes well for wheat supply, given Ukraine is a key global producer. Moreover, in October, Ukraine reached a deal with Poland and Lithuania to expedite Ukrainian grain exports via a Lithuanian port, further supporting the supply picture. In addition, the U.S. Department of Agriculture recently put the size of the U.S. wheat harvest above market expectations.

This chart displays Wheat (US¢/bu) from 2021 to 2023.

Wheat CBOT (prices in US¢/bu, aop)

Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q3 2022 Q4 2022
Wheat CBOT - - - 782 903 1,075 819 813

Free sample report

Price forecasts and historical data for Wheat.

Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest