Wheat Price OutlookPrices for wheat rebounded over the last month on planting woes as poor weather delayed operations. On 7 June, wheat traded at USD 535 cents per bushel, which was 14.2% higher than on the same day in the previous month. The price was down 0.3% on a year-to-date basis and was 0.6% lower than on the same day last year. Mid-May’s surge was driven largely by recent floods in the Midwest which hit planting operations. The USDA reported that 22% of spring wheat was planted in early May compared to the five-year average of 49%. Nevertheless, by 26 May sowing stood at 84%, down from last year’s 89%, and prices retreated in early June. Moreover, winter wheat quality was up notably from last year which likely supported prices.
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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