Actual
599.00
Daily Change
-11.25 -1.84%
Monthly
-13.53%
Yearly
12.54%
Q4 Forecast
635.81
Wheat - Summary

Wheat fell below $6.00 a bushel, the lowest level since early July, as US-led diplomatic efforts to end the Russia-Ukraine war raised hopes of a resumption in Black Sea grain trade. Russian President Vladimir Putin signalled readiness to resume trilateral peace negotiations with the US and Ukraine in early November, easing some of the market’s geopolitical risk premium. Also, Russia increased shipments through alternative routes, including Baltic ports. However, Black Sea disruptions persist, with attacks continuing in the region. Ukraine’s agriculture minister forecast an 18% decline in winter-wheat planting as farmers prepare for next year’s harvest. Meanwhile, demand for major exporters remains subdued, with US wheat sales below expectations in the week ended October 15. Increasing harvests in Australia and Argentina are adding to near-term supply. Global wheat production is expected to reach its second-highest level on record, further easing concerns over availability.

Wheat - Stats

Wheat fell to 599.50 USd/Bu on October 28, 2026, down 1.76% from the previous day. Over the past month, Wheat's price has fallen 13.46%, but it is still 12.64% 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 28 of 2026.

Wheat - Forecast

Wheat fell to 599.50 USd/Bu on October 28, 2026, down 1.76% from the previous day. Over the past month, Wheat's price has fallen 13.46%, but it is still 12.64% 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 635.81 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 684.25 in 12 months time.



Price Day Month Year Date
Soybeans 1,221.85 -4.75 -0.39% -5.85% 13.11% Oct/28
Wheat 599.00 -11.25 -1.84% -13.53% 12.54% Oct/28
Lumber 515.50 8.00 1.58% -4.09% -6.36% Oct/28
Cheese 1.70 -0.0091 -0.53% 17.26% -2.31% Oct/28
Palm Oil 4,667.00 -34.00 -0.72% 0.93% 9.76% Oct/28
Milk 15.20 -0.04 -0.26% -5.59% -10.11% Oct/28
Cocoa 5,461.65 -115.35 -2.07% 0.99% -9.64% Oct/28
Cotton 78.14 0.084 0.11% -0.91% 18.38% Oct/28
Rubber 255.00 -1.80 -0.70% 1.03% 46.55% Oct/28
Orange Juice 143.56 0.56 0.39% -6.54% -21.14% Oct/28
Coffee 286.36 -7.39 -2.51% -1.07% -26.71% Oct/28
Oat 347.50 -6.5000 -1.84% -17.75% 20.03% Oct/28
Wool 1,785.00 0 0% -3.25% 25.09% Oct/28
Rice 17.39 0.0950 0.55% 5.88% 73.64% Oct/28
Canola 786.03 -1.27 -0.16% -4.57% 25.36% Oct/28
Sugar 19.35 0.15 0.78% 2.71% 34.19% Oct/28
Corn 451.75 3.0000 0.67% -13.46% 4.09% Oct/28



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
599.50 610.25 1350.00 212.50 1977 - 2026 USd/BU Daily

News Stream
Wheat Falls to 15-Week Low
Wheat fell below $6.00 a bushel, the lowest level since early July, as US-led diplomatic efforts to end the Russia-Ukraine war raised hopes of a resumption in Black Sea grain trade. Russian President Vladimir Putin signalled readiness to resume trilateral peace negotiations with the US and Ukraine in early November, easing some of the market’s geopolitical risk premium. Also, Russia increased shipments through alternative routes, including Baltic ports. However, Black Sea disruptions persist, with attacks continuing in the region. Ukraine’s agriculture minister forecast an 18% decline in winter-wheat planting as farmers prepare for next year’s harvest. Meanwhile, demand for major exporters remains subdued, with US wheat sales below expectations in the week ended October 15. Increasing harvests in Australia and Argentina are adding to near-term supply. Global wheat production is expected to reach its second-highest level on record, further easing concerns over availability.
2026-10-26
Wheat Hits 15-week Low
Wheat decreased to 620.50 USd/Bu, the lowest since July 2026. Over the past 4 weeks, Wheat lost 9.61%, and in the last 12 months, it increased 18.36%.
2026-10-26
Wheat Extends Decline to Over 3-Month Low
Wheat fell for a fifth consecutive session to below $6.3 per bushel, its lowest level since July 9, as renewed hopes for a Russia-Ukraine peace deal weighed on prices following US President Donald Trump’s push for an agreement. Trump said Washington had received nothing back for its support of Ukraine and that it was time to make a deal. US special envoy Steve Witkoff is set to meet Russian President Vladimir Putin on Wednesday to discuss proposals to end the war, following talks with Ukrainian President Volodymyr Zelenskyy. Escalating attacks in the Black Sea since July have damaged shipping infrastructure and disrupted wheat exports from two of the world’s largest producers. Traders are now watching for progress toward a ceasefire, which could ease supply disruptions and bring more Russian and Ukrainian wheat to global markets.
2026-10-21