Wheat futures fell to below the $5.8 per bushel mark, retreating from the over-two-month high of $6 touched on April 23rd as positive developments to US supply added to the strong production outlook for other major producers. A new report from the USDA indicated that domestic winter wheat headed crop booked sharp gains in eight states toward the end of April, weighing against previous concerns that dry weather in the US Wheat Belt would hamper the country’s output. This magnified strong supply globally, as April's WASDE report maintained its previous upgrade to Russian wheat production, pointing to a near-record-high 91.5 million tonnes this year, which lifts available wheat for export to an all-time high of 51 million tonnes, by far the largest in the world. Additionally, the report upwardly revised supply for the European Union, Moldova, and Pakistan.

Wheat decreased 25.59 USd/BU or 4.08% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Wheat reached an all time high of 1350 in March of 2022. Wheat - data, forecasts, historical chart - was last updated on April 26 of 2024.

Wheat decreased 25.59 USd/BU or 4.08% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Wheat is expected to trade at 534.37 USd/BU by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 489.36 in 12 months time.



Price Day Month Year Date
Soybeans 1,159.32 -0.74 -0.06% -2.78% -18.74% Apr/26
Wheat 602.66 -17.84 -2.87% 10.08% -1.97% Apr/26
Lumber 513.65 13.62 2.72% -14.24% 10.22% Apr/25
Cheese 1.84 0.0062 0.34% 18.52% 5.34% Apr/26
Palm Oil 3,913.00 39.00 1.01% -7.01% 13.26% Apr/26
Milk 15.53 -0.04 -0.26% -5.36% -16.60% Apr/25
Cocoa 10,876.91 47.35 0.44% 10.50% 243.01% Apr/26
Cotton 79.20 -1.88 -2.32% -12.75% 0.72% Apr/26
Rubber 158.50 -1.90 -1.18% -2.52% 16.20% Apr/25
Orange Juice 379.68 9.99 2.70% 1.76% 37.42% Apr/25
Coffee 227.58 -4.18 -1.80% 19.37% 18.47% Apr/26
Oat 364.76 2.7797 0.77% 2.75% 19.11% Apr/26
Wool 1,172.00 14.00 1.21% 2.63% -9.98% Apr/26
Rice 19.00 -0.1725 -0.90% 14.58% 12.71% Apr/26
Canola 618.27 -4.42 -0.71% -1.42% -15.82% Apr/26
Sugar 19.75 0.34 1.77% -10.98% -26.81% Apr/26
Corn 440.55 -11.4497 -2.53% 3.23% -29.74% Apr/26



Related Last Previous Unit Reference
United States Corn Stocks 8.35 12.17 Billion Bushels Mar 2024
United States Soybean Stocks 1.85 3.00 Billion Bushels Mar 2024
United States Wheat Stocks 1.09 1.41 Billion Bushels Mar 2024


Wheat
Wheat Futures are available for trading in The Chicago Board of Trade (CBOT), Euronext, Kansas City Board of Trade (KCBT) and the Minneapolis Grain Exchange (MGEX). The standard contract unit is 5,000 bushels. The biggest wheat producers are China, India, Russia, the US, France, Australia, and Canada. Russia is the biggest exporter of wheat followed by the United States, Canada, France, Ukraine, Australia, and Argentina. Ukraine and Russia accounted for nearly 30% of global wheat exports before the Russian invasion of Ukraine. Wheat prices displayed in Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments. Our market prices are intended to provide you with a reference only, rather than as a basis for making trading decisions. Trading Economics does not verify any data and disclaims any obligation to do so.
Actual Previous Highest Lowest Dates Unit Frequency
602.41 620.50 1350.00 212.50 1977 - 2024 USd/BU Daily