Wheat Price OutlookWheat prices generally trended upwards in recent weeks, recovering from the previous month’s slump. In early August, wheat prices skyrocketed but then lost gains from the sudden jump. On 3 August, wheat traded at USD 562 cents per bushel, which was 11.4% higher than on the same day last month. The price was up 30.0% on a year-to-date basis and was 22.1% higher than on the same day last year. Conflicting statements out of Ukraine, the world’s fifth-largest wheat exporter, sent the market into a frenzy on 2 August, as hot weather across Europe and Asia threatened supply levels; the confusion resulted from a Facebook post by an official that was interpreted as a prelude to a partial export ban. This was later dismissed by the government, easing market jitters. Prices should come down from recent highs as the extreme weather conditions fade and U.S. production picks up—this should partially offset lower Russian and European production output levels, keeping the market well supplied.
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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