Actual
686.00
Daily Change
-18.25 -2.59%
Monthly
-6.06%
Yearly
35.24%
Q4 Forecast
698.26
Wheat - Summary

Wheat rose to around $6.9 per bushel in early October, extending its recovery from a more than one-month low reached on September 30, as renewed threats of an escalation in the Russia-Ukraine war fueled concerns over further disruptions to global grain supplies through the Black Sea. Over the weekend, the Russian government said its military would intensify strikes on Ukrainian infrastructure in a message distributed by the Defense Ministry, while President Volodymyr Zelenskyy said Ukrainian forces would continue targeting Russian energy facilities, particularly oil refineries. Wheat supplies from the Black Sea, one of the world’s key grain-trading corridors, have been severely constrained since July, with any further escalation threatening to disrupt shipments and complicate Turkey’s efforts to keep the vital trade route open.

Wheat - Stats

Wheat fell to 686 USd/Bu on October 7, 2026, down 2.59% from the previous day. Over the past month, Wheat's price has fallen 6.06%, but it is still 35.24% higher than a year ago, 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 October 7 of 2026.

Wheat - Forecast

Wheat fell to 686 USd/Bu on October 7, 2026, down 2.59% from the previous day. Over the past month, Wheat's price has fallen 6.06%, but it is still 35.24% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Wheat is expected to trade at 698.26 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 746.86 in 12 months time.



Price Day Month Year Date
Soybeans 1,295.75 -7.25 -0.56% -0.52% 25.86% Oct/07
Wheat 686.00 -18.25 -2.59% -6.06% 35.24% Oct/07
Lumber 518.00 -7.00 -1.33% -9.28% -13.88% Oct/07
Cheese 1.48 0.0141 0.96% -5.26% -16.23% Oct/07
Palm Oil 4,524.00 -36.00 -0.79% -9.08% -0.48% Oct/07
Milk 15.02 -0.03 -0.20% -6.77% -12.62% Oct/07
Cocoa 5,527.00 -173.00 -3.04% -6.53% -7.88% Oct/07
Cotton 80.04 -1.170 -1.44% -7.28% 23.31% Oct/07
Rubber 260.20 -0.20 -0.08% 4.12% 52.70% Oct/07
Orange Juice 147.25 -3.05 -2.03% -2.22% -29.68% Oct/07
Coffee 293.90 -10.55 -3.47% 0.89% -23.68% Oct/07
Oat 427.75 -3.0000 -0.70% 22.13% 48.91% Oct/07
Wool 1,819.00 0 0% -3.76% 16.23% Oct/07
Rice 16.80 0.4550 2.78% 8.53% 56.64% Oct/07
Canola 810.50 -15.30 -1.85% -3.41% 31.36% Oct/07
Sugar 20.85 0.03 0.14% 15.19% 27.99% Oct/07
Corn 502.00 -6.0000 -1.18% -1.76% 18.96% Oct/07



Related Last Previous Unit Reference
United States Corn Stocks 2.10 5.29 Billion Bushels Sep 2026
United States Soybean Stocks 0.32 1.06 Billion Bushels Sep 2026
United States Wheat Stocks 1.85 0.92 Billion Bushels Sep 2026

Wheat
Wheat is one of the most important staple crops globally, serving as a key source of food for human consumption and animal feed. Its prices are closely monitored due to their impact on food security, inflation, and global trade flows. Wheat futures are traded on major exchanges, including the Chicago Board of Trade (CBOT), Euronext, Kansas City Board of Trade (KCBT), and the Minneapolis Grain Exchange (MGEX). Standard contracts typically represent 5,000 bushels. On the supply side, China, India, Russia, the United States, France, Australia, and Canada are among the largest producers globally. Russia is the leading exporter, followed by the United States, Canada, France, Ukraine, Australia, and Argentina. Prior to the Russian invasion of Ukraine, Russia and Ukraine together accounted for a significant share of global wheat exports. Wheat prices displayed on Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments and are intended to provide a general market reference only. These prices do not represent official benchmark prices. The data is supplied by a third party and, while efforts are made to ensure its reliability, Trading Economics does not verify the data and makes no representations or warranties.
Actual Previous Highest Lowest Dates Unit Frequency
686.00 704.25 1350.00 212.50 1977 - 2026 USd/BU Daily

News Stream
Wheat Rises as Black Sea Supply Risks Mount
Wheat rose to around $6.9 per bushel in early October, extending its recovery from a more than one-month low reached on September 30, as renewed threats of an escalation in the Russia-Ukraine war fueled concerns over further disruptions to global grain supplies through the Black Sea. Over the weekend, the Russian government said its military would intensify strikes on Ukrainian infrastructure in a message distributed by the Defense Ministry, while President Volodymyr Zelenskyy said Ukrainian forces would continue targeting Russian energy facilities, particularly oil refineries. Wheat supplies from the Black Sea, one of the world’s key grain-trading corridors, have been severely constrained since July, with any further escalation threatening to disrupt shipments and complicate Turkey’s efforts to keep the vital trade route open.
2026-10-05
Wheat Falls as Black Sea Supply Hopes Grow
Wheat fell below $7 a bushel, the lowest since August 25, and more than 8% below the 3-1/2-year high of $7.67 reached on August 28, amidst diplomatic efforts to restore grain shipments from the Black Sea. Ukrainian President Volodymyr Zelenskiy said India, Turkey, Egypt and other Middle Eastern countries were involved in discussions on reopening shipping routes, while Turkey has presented Moscow with proposals on maritime security. A ceasefire could allow Russia to rapidly restore as much as 80% of its Black Sea grain-terminal capacity. Ukraine’s grain inventories stood at 24.6 million metric tons on September 1, up 10 million tons from a year earlier, although attacks on ports and vessels continue to hamper exports. Importers in Asia, the Middle East and Africa have increasingly sought alternative supplies. France recently shipped 60,000 tons of wheat to Yemen, while Argentine export commitments have reached their highest level in five years for this point in the season.
2026-09-28
Wheat Hits 1-Month Low
Wheat fell below $7 per bushel in late September, remaining near its lowest level since August 25 as traders assessed fresh details of the US-China trade agreement, including tariff reductions on agricultural products. Both countries announced plans to lower tariffs on roughly $30 billion worth of imports from each side, covering a broad range of American farm goods including wheat. The two sides also agreed to establish an agricultural working group to facilitate future negotiations and improve market access. Still, traders are awaiting tangible signs of broader Chinese purchases, as progress has been limited on a separate pledge made during the Trump-Xi summit in May to buy an additional $17 billion worth of US agricultural products. Elsewhere, traders continued to monitor Black Sea export flows after Ukrainian President Volodymyr Zelenskiy stated that India, Turkey, Egypt and other Middle Eastern countries were involved in efforts to restore safe shipping through the Black Sea.
2026-09-28