Actual
637.70
Daily Change
-13.31 -2.04%
Monthly
5.23%
Yearly
25.47%
Q3 Forecast
648.28
Wheat - Summary

Wheat prices fell to around $6.40 per bushel, the lowest in three weeks, after Russia announced measures to strengthen the security of shipping in the Azov-Black Sea basin and develop alternative cargo routes. The move follows an escalation in maritime attacks between Russia and Ukraine, which have disrupted grain exports from two of the world's leading suppliers. Russia's transport ministry said it had formed a task force to reroute cargo and enhance navigational safety, while port operators pledged to handle additional shipments where possible. Despite these efforts, industry groups in both countries warned that continued attacks on ports, export terminals and commercial vessels could severely disrupt Black Sea grain exports during the peak harvest season, threatening global food supplies. Meanwhile, hopes for easing geopolitical tensions in the Middle East also weighed on grain prices by improving the outlook for fertilizer and energy supplies.

Wheat - Stats

Wheat fell to 638.21 USd/Bu on August 4, 2026, down 1.96% from the previous day. Over the past month, Wheat's price has risen 5.32%, and is up 25.57% compared to the same time last year, 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 August 4 of 2026.

Wheat - Forecast

Wheat fell to 638.21 USd/Bu on August 4, 2026, down 1.96% from the previous day. Over the past month, Wheat's price has risen 5.32%, and is up 25.57% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Wheat is expected to trade at 648.28 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 695.18 in 12 months time.



Price Day Month Year Date
Soybeans 1,151.64 -17.11 -1.46% -2.59% 18.85% Aug/04
Wheat 637.70 -13.31 -2.04% 5.23% 25.47% Aug/04
Lumber 591.60 -9.41 -1.56% -4.89% -13.51% Aug/04
Cheese 1.68 -0.0008 -0.05% 7.08% -5.07% Aug/04
Palm Oil 4,696.00 67.00 1.45% 3.21% 9.46% Aug/04
Milk 15.64 -0.02 -0.13% 0.39% -10.06% Aug/04
Cocoa 5,895.39 -43.61 -0.73% 3.54% -29.51% Aug/04
Cotton 81.21 -1.365 -1.65% 3.71% 23.82% Aug/04
Rubber 211.00 -13.40 -5.97% -0.28% 27.03% Aug/04
Orange Juice 157.09 -1.26 -0.79% -5.79% -33.05% Aug/04
Coffee 324.21 4.71 1.47% -7.36% 8.54% Aug/04
Oat 313.27 -2.7275 -0.86% 8.31% -4.71% Aug/04
Wool 1,873.00 0 0% -1.63% 51.17% Aug/04
Rice 14.26 0.0824 0.58% 11.39% 13.83% Aug/04
Canola 759.19 -0.78 -0.10% 0.26% 12.94% Aug/04
Sugar 15.06 0.05 0.36% -1.03% -6.38% Aug/04
Corn 442.49 -6.7620 -1.51% 0.39% 15.99% Aug/04



Related Last Previous Unit Reference
United States Corn Stocks 5.29 9.02 Billion Bushels Jun 2026
United States Soybean Stocks 1.06 2.10 Billion Bushels Jun 2026
United States Wheat Stocks 0.92 1.30 Billion Bushels Jun 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
638.21 651.00 1350.00 212.50 1977 - 2026 USd/BU Daily

News Stream
Wheat Falls to 3-Week Low
Wheat prices fell to around $6.40 per bushel, the lowest in three weeks, after Russia announced measures to strengthen the security of shipping in the Azov-Black Sea basin and develop alternative cargo routes. The move follows an escalation in maritime attacks between Russia and Ukraine, which have disrupted grain exports from two of the world's leading suppliers. Russia's transport ministry said it had formed a task force to reroute cargo and enhance navigational safety, while port operators pledged to handle additional shipments where possible. Despite these efforts, industry groups in both countries warned that continued attacks on ports, export terminals and commercial vessels could severely disrupt Black Sea grain exports during the peak harvest season, threatening global food supplies. Meanwhile, hopes for easing geopolitical tensions in the Middle East also weighed on grain prices by improving the outlook for fertilizer and energy supplies.
2026-08-03
Wheat Rises By Over 3%
Wheat prices climbed more than 3% to above $6.80 per bushel, approaching the two-year high of over $7 reached on July 22, as intensifying hostilities between Russia and Ukraine heightened concerns over grain exports from two of the world's largest wheat producers. The conflict has increasingly disrupted shipping activity in the Black Sea, prompting consultancy SovEcon to lower its Russian wheat export forecast for the current marketing season by around 4%. Russian authorities are also considering equipping grain vessels with machine guns and mobile missile systems to defend against Ukrainian drone strikes. Meanwhile, Ukraine continues to face Russian attacks on ships, ports, and other Black Sea infrastructure, with local farm groups warning of widespread bankruptcies if maritime exports remain suspended. These disruptions coincide with the regional harvest, threatening peak-season shipments and encouraging importers to source wheat elsewhere.
2026-07-30
Wheat Futures Climb Over 1%
Wheat futures hovered at around $6.6 per bushel in late July, after sharp losses on July 27 as escalating risks to Black Sea grain shipments stoked concerns over tightening global supplies. Concerns over Black Sea grain exports worsened after three major Russian grain terminals reportedly limited truck deliveries, citing heightened security risks and logistical disruptions linked to recent attacks in the Sea of Azov. Further raising fears of supply disruptions, a missile strike hit the Russian port city of Taganrog, a key grain-export hub on the Sea of Azov. The latest developments came as Russia and Ukraine continued targeting vessels and port facilities, raising concerns about the security of one of the world's most critical grain-export corridors and heightening fears of disruptions to global shipments. Meanwhile, investors watched reports that Ukraine was seeking to maintain vessel traffic through its major export ports, despite official denials.
2026-07-29