Wheat futures rose to above 600USD/BU getting closer to a 6-1/2-year high of 632.75USD/BU hit on October 23rd, on expectations of stronger demand for US crops after Russia announced a 25€/tonne tax on its exports from February 15th until June 30th to stabilize domestic food prices. Wheat has been supported this year by reduced production amid dry weather in key exporting nations in particular the US, Russia and Ukraine, along with strong demand for basic foodstuff in the wake of the coronavirus pandemic. Meanwhile, wheat demand from China is expected to remain strong, adding pressure to prices.

Historically, Wheat reached an all time high of 1334.50 in February of 2008. Wheat - data, forecasts, historical chart - was last updated on December of 2020.

Wheat is expected to trade at 578.41 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 500.47 in 12 months time.

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Wheat


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. United States is the biggest exporter of wheat followed by the European Union, Australia and Canada. 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.
Energy Price Day Weekly Monthly YTD Date
Crude Oil
USD/Bbl
49.0700 0.71 1.47% 5.37% 17.56% -19.81% Dec/18
Brent
USD/Bbl
52.2800 0.78 1.51% 4.62% 18.28% -21.26% Dec/18
Natural gas
USD/MMBtu
2.7090 0.07 2.77% 4.55% 4.51% 26.10% Dec/18
Gasoline
USD/Gal
1.3962 0.01 0.58% 6.77% 20.10% -18.67% Dec/18
Heating oil
USD/Gal
1.5087 0.01 0.90% 5.00% 18.73% -25.54% Dec/18
Ethanol
USD/Gal
1.3200 0.00 0.00% 0.00% -5.04% -5.52% Dec/18
Naphtha
USD/T
435.64 2.42 0.56% 2.53% 19.07% -18.74% Dec/18
Propane
USD/Gal
0.64 0.01 2.22% 9.05% 18.23% 45.29% Dec/18
Uranium
USD/Lbs
30.1000 0.00 0.00% 1.18% 3.97% 21.13% Dec/18

Metals Price Day Weekly Monthly YTD Date
Gold
USD/t.oz
1,881.04 4.83 -0.26% 2.28% 0.73% 23.08% Dec/18
Silver
USD/t.oz
25.770 0.28 -1.07% 7.77% 6.98% 43.01% Dec/18
Platinum
USD/t.oz
1,036.20 8.02 -0.77% 2.71% 8.92% 7.60% Dec/18

Agricultural Price Day Weekly Monthly YTD Date
Soybeans
USd/Bu
1,217.7500 18.75 1.56% 5.09% 3.66% 27.24% Dec/18
Wheat
USd/Bu
607.0000 1.75 -0.29% -0.21% 2.58% 8.13% Dec/18
Cheese
USD/Lbs
1.6270 0.00 -0.12% -1.21% -32.99% -9.81% Dec/18
Palm Oil
MYR/T
2,639.00 13.00 0.50% 0.73% -8.05% -4.59% Dec/18
Milk
USD/CWT
15.64 0.01 0.06% -0.95% -32.35% -8.32% Dec/18
Coffee
USd/Lbs
123.70 1.35 -1.08% 4.12% 2.53% -2.68% Dec/18
Wool
AUD/100Kg
1,171.00 0.00 0.00% -2.25% 1.04% -24.84% Dec/18
Lumber
USD/1000 board feet
850.30 10.20 1.21% 6.96% 37.83% 109.07% Dec/18
Cotton
USd/Lbs
77.04 0.15 -0.19% 4.00% 11.14% 11.22% Dec/18
Canola
CAD/T
624.00 8.80 1.43% 5.12% 9.03% 32.34% Dec/18
Rice
USD/cwt
12.5550 0.03 -0.24% 0.68% 0.92% -2.94% Dec/18
Tea
USD/Kgs
2.95 0.00 0.00% 1.72% 8.86% 18.00% Dec/18
Rubber
JPY/Kg
274.00 4.00 1.48% 17.60% 11.79% 55.51% Dec/18
Oat
USd/Bu
337.7500 1.00 0.30% -2.03% 13.62% 13.34% Dec/18
Sugar
USd/Lbs
14.43 0.25 -1.70% 0.00% -5.56% 9.90% Dec/18
Cocoa
USD/T
2,506.00 35.00 -1.38% -8.77% -14.03% -1.03% Dec/18
Orange Juice
USd/Lbs
117.80 2.15 1.86% 1.51% -7.90% 24.20% Dec/18
Corn
USd/BU
437.0000 4.75 1.10% 3.01% 3.43% 12.85% Dec/18

Livestock Price Day Weekly Monthly YTD Date
Beef
BRL/Kg
17.11 0.08 -0.47% -0.81% -10.14% 18.98% Dec/18
Poultry
BRL/Kgs
5.71 0.00 0.00% -4.67% -12.42% 6.73% Dec/18
Feeder Cattle
USd/Lbs
140.4500 0.53 -0.37% 0.52% 2.69% -2.90% Dec/18
Lean Hogs
USd/Lbs
65.8000 0.38 0.57% 1.74% 3.30% -8.04% Dec/18
Live Cattle
USd/Lbs
110.4000 1.05 0.96% 1.52% 1.99% -12.08% Dec/18

Industrial Price Day Weekly Monthly YTD Date
Copper
USD/Lbs
3.6285 0.03 0.79% 2.86% 12.79% 28.80% Dec/18
Lithium
CNY/T
39,000.00 0.00 0.00% 0.00% 0.00% -21.21% Dec/18
Steel
CNY/T
4,263.00 33.00 0.78% 3.45% 4.13% 13.92% Dec/17
Bitumen
CNY/T
2,562.00 26.00 -1.00% 5.09% 13.66% -16.66% Dec/18
Coal
USD/T
83.25 0.50 0.60% 2.59% 29.57% 19.47% Dec/18
Palladium
USD/t.oz
2,360.76 20.34 0.87% 1.82% 1.53% 21.72% Dec/18
Cobalt
USD/T
32,200.00 0.00 0.00% 0.63% -0.60% -1.68% Dec/18
Lead
USD/T
2,031.25 10.75 -0.53% -1.20% 3.49% 6.15% Dec/18
Aluminum
USD/T
2,057.00 10.00 -0.48% 1.28% 3.48% 13.99% Dec/18
Tin
USD/T
20,060.00 162.50 0.82% 2.75% 7.10% 16.70% Dec/18
Zinc
USD/T
2,860.50 9.00 0.32% 2.67% 3.86% 23.83% Dec/18
Nickel
USD/T
17,428.00 32.00 -0.18% 1.14% 10.35% 24.93% Dec/18
Molybdenum
USD/Kg
23.50 0.00 0.00% 0.00% 0.00% 6.58% Dec/18
Iron Ore
USD/T
161.50 6.00 3.86% 3.19% 27.17% 75.54% Dec/18
Soda Ash
CNY/T
1,400.00 0.00 0.00% -4.50% -22.94% -10.64% Dec/18
Neodymium
CNY/T
595,000.00 0.00 0.00% -2.46% 18.41% 64.36% Dec/18
Iron Ore 62% fe
USD/T
152.4900 1.12 0.74% 0.31% 24.14% 64.71% Dec/18
Rhodium
USD/t oz.
16,500.00 0.00 0.00% 1.23% 6.80% 172.73% Dec/18
Manganese
CNY/T
28.00 0.00 0.00% 0.00% 0.00% -11.11% Dec/18

Index Price Day Weekly Monthly YTD Date
Baltic Dry
Index Points
1,325.00 24.00 1.84% 9.41% 16.84% 35.76% Dec/18
CRB Index
Index Points
176.86 1.02 0.58% 3.23% 7.37% -10.06% Dec/18
LME Index
Index Points
3,502.30 0.00 0.00% 1.73% 8.38% 23.18% Dec/18
S&P GSCI
Index Points
1,969.94 16.93 0.87% 3.63% 9.99% -24.00% Dec/18