Chicago wheat futures rose above $9.3 per bushel, rebounding slightly from the four-month low of $9 touched on June 27, supported by signs of increased demand from importers. Following a period of muted demand, state tenders from Jordan, Bangladesh, and signs of future tenders from Egypt lifted buying expectations. Still, wheat futures are on track to close June 15% lower, amid expectations of record-high supplies available for export from Russia and a strong harvest in North America. Investors continue to monitor the possibility of seaborne exports from Ukraine, after Italian PM Draghi signaled trade corridors may open soon. Ukrainian grain exports in the first 22 days of June were 44% lower year-on-year, shipped solely through rail and smaller Danube river ports. 24 million tonnes of Ukrainian grain were estimated to be stuck in port silos since shipments were halted on February 24. .

Historically, Wheat reached an all time high of 1350 in March of 2022. Wheat - data, forecasts, historical chart - was last updated on June of 2022.

Wheat is expected to trade at 954.33 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 1052.24 in 12 months time.

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Wheat



Price Day Month Year
Soybeans 1,670.25 -4.00 -0.24% -0.77% 15.45%
Wheat 909.75 -5.75 -0.63% -16.34% 38.15%
Lumber 633.60 16.00 2.59% -3.05% -11.51%
Cheese 2.23 -0.1180 -5.03% -7.55% 36.47%
Palm Oil 4,909.00 6.00 0.12% -22.13% 32.32%
Milk 22.80 -1.53 -6.29% -9.52% 34.83%
Cocoa 2,317.00 -36.00 -1.53% -7.17% -1.82%
Cotton 104.28 1.28 1.24% -24.97% 22.39%
Rubber 259.60 -0.80 -0.31% 3.43% 16.15%
Orange Juice 179.50 1.70 0.96% 1.21% 51.41%
Coffee 232.65 10.75 4.84% 0.61% 47.01%
Oat 677.00 13.0000 1.96% 1.08% 72.05%
Wool 1,456.00 0 0% 2.54% 2.32%
Rice 16.45 0.2400 1.48% -6.24% 25.05%
Canola 899.10 2.80 0.31% -24.20% 7.10%
Sugar 18.55 0.02 0.11% -4.38% 5.52%
Tea 2.76 -0.01 -0.36% 3.37% 3.76%
Corn 764.75 -5.5000 -0.71% 1.49% 6.25%


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
909.50 915.50 1350.00 212.50 1977 - 2022 USd/BU Daily