Chicago wheat futures were at the $9.6 level in late June, remaining close to prices not seen since the start of the Russian invasion of Ukraine, as an improved outlook pointed to a record-high production forecast of Russian wheat. Higher supply from the world’s top exporter further eased shortage concerns amid harvesting season in North America and Europe. Also, India’s food ministry said it may reintroduce wheat exports to major importer Indonesia depending on availability, partially backtracking the decision to ban shipments that supported prices to near record-highs in May. Still, expectations for the resumption of exports from Ukraine remain muted as economic ties between the West and Moscow deteriorate, suggesting Russia will not open safe trade corridors out of Ukrainian ports. Before a missile attack on the Ukrainian Mykolayiv port, 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 1,610.75 17.50 1.10% -4.18% 21.13%
Wheat 923.75 -13.50 -1.44% -19.55% 45.02%
Lumber 608.60 -8.40 -1.36% -6.63% -21.90%
Cheese 2.35 0.0010 0.04% -2.74% 42.61%
Palm Oil 4,664.00 -80.00 -1.69% -26.93% 32.50%
Milk 24.33 0.04 0.16% -3.11% 41.62%
Cocoa 2,397.00 18.00 0.76% -0.42% 1.96%
Cotton 103.76 -32.56 -23.89% -28.52% 20.05%
Rubber 270.00 0 0% 7.70% 12.64%
Orange Juice 164.15 -2.05 -1.23% -5.88% 37.83%
Coffee 226.60 -5.85 -2.52% 4.40% 44.10%
Oat 597.00 -1.2500 -0.21% -12.30% 58.15%
Wool 1,474.00 0 0% 3.80% 0.41%
Rice 16.06 -0.0600 -0.37% -5.97% 22.09%
Canola 882.50 2.30 0.26% -23.50% 10.46%
Sugar 18.37 -0.01 -0.05% -6.66% 8.70%
Tea 2.77 0 0% 3.75% 4.14%
Corn 750.25 3.5000 0.47% -2.85% 17.87%


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
923.75 937.25 1350.00 212.50 1977 - 2022 USd/BU Daily