Wheat Price OutlookWheat prices lost further steam over the last month, after the U.S. Department of Agriculture (USDA) raised its production forecasts for the country’s spring wheat crop, despite dry conditions. In addition, weather in Black Sea countries has been favorable, which should lead to more ample global supply. Russia in particular has enjoyed highly beneficial climatic conditions, which should boost crop yields and its share of the global wheat market. On 6 October, wheat traded at USD 414 cents per bushel, which was down 3.3% from the same day in September. The price was 4.0% higher on a year-to-date basis and was up 14.7% from the same day last year.
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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