Actual
707.00
Daily Change
-16.25 -2.25%
Monthly
8.31%
Yearly
35.05%
Q3 Forecast
710.20
Wheat - Summary

Wheat fell to $7.10 a bushel, their lowest level in two weeks, as traders weighed diplomatic efforts to end Russia’s war in Ukraine against continued disruption to Black Sea exports. Profit-taking following a strong rally also contributed to the decline. Prices had reached $7.70 on August 28, marking a three-and-a-half-year high, before easing. Ukraine struck targets at the Russian port of Novorossiysk, including a naval base and an oil-loading terminal, renewing concerns over disruptions to Black Sea trade. President Volodymyr Zelenskiy said the attack targeted several facilities, while traders cited unconfirmed reports that grain infrastructure may also have been damaged. However, attention shifted back to diplomacy after the Kremlin said it hoped US-mediated talks would resume soon and identified Abu Dhabi as its preferred venue for negotiations. The prospect of renewed talks helped ease some of the market’s supply concerns.

Wheat - Stats

Wheat fell to 707 USd/Bu on September 11, 2026, down 2.25% from the previous day. Over the past month, Wheat's price has risen 8.31%, and is up 35.05% 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 September 12 of 2026.

Wheat - Forecast

Wheat fell to 707 USd/Bu on September 11, 2026, down 2.25% from the previous day. Over the past month, Wheat's price has risen 8.31%, and is up 35.05% 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 710.20 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 773.10 in 12 months time.



Price Day Month Year Date
Soybeans 1,280.25 -35.75 -2.72% 9.87% 22.37% Sep/11
Wheat 707.00 -16.25 -2.25% 8.31% 35.05% Sep/11
Lumber 578.50 0 0% 0.52% -1.36% Sep/11
Cheese 1.56 -0.0020 -0.13% -7.27% -13.75% Sep/11
Palm Oil 4,814.00 -71.00 -1.45% 2.49% 8.30% Sep/11
Milk 16.15 -0.05 -0.31% -3.00% -8.19% Sep/11
Cocoa 5,961.00 -1.00 -0.02% 4.12% -19.66% Sep/11
Cotton 86.06 -2.160 -2.45% 1.99% 32.47% Sep/11
Rubber 249.90 0.90 0.36% 14.01% 43.37% Sep/10
Orange Juice 145.25 1.50 1.04% 5.06% -41.04% Sep/11
Coffee 285.70 -2.45 -0.85% -10.70% -30.43% Sep/11
Oat 356.00 1.7500 0.49% 10.13% 11.34% Sep/11
Wool 1,878.00 -12.00 -0.63% 0.27% 45.47% Sep/11
Rice 15.60 -0.0300 -0.19% 12.11% 35.65% Sep/11
Canola 817.20 -22.10 -2.63% 2.87% 27.75% Sep/11
Sugar 18.15 -0.58 -3.10% 10.54% 14.95% Sep/11
Corn 510.25 -3.7500 -0.73% 11.65% 18.66% Sep/11



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
707.00 723.25 1350.00 212.50 1977 - 2026 USd/BU Daily

News Stream
Wheat Falls to 2-Week Low
Wheat fell to $7.10 a bushel, their lowest level in two weeks, as traders weighed diplomatic efforts to end Russia’s war in Ukraine against continued disruption to Black Sea exports. Profit-taking following a strong rally also contributed to the decline. Prices had reached $7.70 on August 28, marking a three-and-a-half-year high, before easing. Ukraine struck targets at the Russian port of Novorossiysk, including a naval base and an oil-loading terminal, renewing concerns over disruptions to Black Sea trade. President Volodymyr Zelenskiy said the attack targeted several facilities, while traders cited unconfirmed reports that grain infrastructure may also have been damaged. However, attention shifted back to diplomacy after the Kremlin said it hoped US-mediated talks would resume soon and identified Abu Dhabi as its preferred venue for negotiations. The prospect of renewed talks helped ease some of the market’s supply concerns.
2026-09-09
Wheat Futures Rise as US Peace Efforts Falter
Wheat futures rose above $7.30 per bushel, rebounding from losses on September 4, as Washington’s renewed push to end the Russia-Ukraine war failed to deliver a meaningful breakthrough toward restoring Ukrainian and Russian grain exports. Over the weekend, US representatives met with Russian President Vladimir Putin in Moscow and Ukrainian President Volodymyr Zelenskyy in Kyiv. Putin reportedly ordered a three-day pause in Russian attacks on Kyiv to coincide with the US delegation’s visit to Ukraine, but stressed that the two sides had not agreed to a broader ceasefire. President Putin is reportedly determined to bring the entire Donetsk region under Russian control within six months, while Ukraine resumed strikes on Russian oil refineries on Monday. The intensifying conflict has disrupted grain trade, as attacks on Black Sea terminals and export infrastructure hamper agricultural exports.
2026-09-08
Wheat Eases Further from 3-1/2-Year High
Wheat fell below $7.20 per bushel, extending their retreat from a 3-1/2-year high of $7.67 on August 28, as traders assessed renewed diplomatic efforts to end the Russia-Ukraine war. US envoys held talks in Russia and Ukraine over the weekend, with discussions involving Ukrainian President Volodymyr Zelenskyy and senior European officials. The meetings raised hopes that a potential ceasefire could help restore disrupted Black Sea grain shipments, putting additional pressure on wheat prices. However, significant uncertainty remains, as repeated attacks by Russia and Ukraine on ports and commercial shipping sharply restricted grain exports from the region. Although wheat supplies remain available in the Black Sea, exporters continue to face difficulties moving cargoes to international markets. The disruption prompted Asian importers to seek alternative supplies, with trade sources reporting purchases of at least 500,000 metric tons of Australian and Argentine wheat in recent deals.
2026-09-07