Actual
639.75
Daily Change
8.50 1.35%
Monthly
6.71%
Yearly
24.34%
Q3 Forecast
648.28
Wheat - Summary

Wheat prices fell to around $6.30 per bushel in early August, hitting their lowest level since July 9, as falling oil prices weighed on broader agricultural markets. Oil prices, which often influence agricultural commodities such as the wheat, dropped sharply amid growing optimism over a potential US-Iran agreement after Qatar said mediation efforts between the two sides had entered an advanced stage. Adding to the bearish sentiment, improving US crop conditions reinforced expectations of ample wheat supplies, with USDA data showing the spring wheat crop’s good-to-excellent rating rising to 55% from 53% a week earlier. Meanwhile, Ukraine’s agriculture minister said alternative export routes would remain constrained until at least the end of August, with capacity limited to about half of typical Black Sea shipment volumes. While the restrictions kept supply risks in focus, continued exports helped ease concerns over a major disruption.

Wheat - Stats

Wheat rose to 638.25 USd/Bu on August 7, 2026, up 1.11% from the previous day. Over the past month, Wheat's price has risen 6.46%, and is up 24.05% 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 1350.00 in March of 2022. Wheat - data, forecasts, historical chart - was last updated on August 8 of 2026.

Wheat - Forecast

Wheat rose to 638.25 USd/Bu on August 7, 2026, up 1.11% from the previous day. Over the past month, Wheat's price has risen 6.46%, and is up 24.05% 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 648.28 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 695.18 in 12 months time.



Price Day Month Year Date
Soybeans 1,156.50 -0.75 -0.06% -3.22% 19.63% Aug/07
Wheat 639.75 8.50 1.35% 6.71% 24.34% Aug/07
Lumber 579.00 1.00 0.17% -7.73% -11.26% Aug/07
Cheese 1.66 0.0020 0.12% 4.46% -6.05% Aug/07
Palm Oil 4,677.00 -9.00 -0.19% 1.48% 9.94% Aug/07
Milk 16.78 0.08 0.48% 7.84% -3.40% Aug/07
Cocoa 5,782.00 6.00 0.10% -10.43% -34.13% Aug/08
Cotton 84.40 1.240 1.49% 4.68% 29.02% Aug/08
Rubber 218.80 1.20 0.55% 0.92% 30.47% Aug/07
Orange Juice 142.55 -8.85 -5.85% -1.38% -42.80% Aug/08
Coffee 315.90 9.80 3.20% 1.97% 2.12% Aug/07
Oat 310.75 1.0000 0.32% 4.02% -6.68% Aug/07
Wool 1,873.00 0 0% -1.63% 51.17% Aug/07
Rice 14.23 0.0450 0.32% 8.30% 11.87% Aug/07
Canola 779.80 10.90 1.42% 0.75% 14.54% Aug/08
Sugar 16.45 0.88 5.65% 8.80% -0.24% Aug/08
Corn 439.00 0 0% 0.98% 14.70% Aug/07



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
638.25 631.25 1350.00 212.50 1977 - 2026 USd/BU Daily

News Stream
Wheat Hits 4-week Low
Wheat decreased to 631.00 USd/Bu, the lowest since July 2026. Over the past 4 weeks, Wheat gained 3.6%, and in the last 12 months, it increased 21.79%.
2026-08-06
Wheat Futures Hit 4-Week Low
Wheat prices fell to around $6.30 per bushel in early August, hitting their lowest level since July 9, as falling oil prices weighed on broader agricultural markets. Oil prices, which often influence agricultural commodities such as the wheat, dropped sharply amid growing optimism over a potential US-Iran agreement after Qatar said mediation efforts between the two sides had entered an advanced stage. Adding to the bearish sentiment, improving US crop conditions reinforced expectations of ample wheat supplies, with USDA data showing the spring wheat crop’s good-to-excellent rating rising to 55% from 53% a week earlier. Meanwhile, Ukraine’s agriculture minister said alternative export routes would remain constrained until at least the end of August, with capacity limited to about half of typical Black Sea shipment volumes. While the restrictions kept supply risks in focus, continued exports helped ease concerns over a major disruption.
2026-08-05
Wheat Falls to 3-Week Low
Wheat prices fell to around $6.40 per bushel, the lowest in three weeks, after Russia announced measures to strengthen the security of shipping in the Azov-Black Sea basin and develop alternative cargo routes. The move follows an escalation in maritime attacks between Russia and Ukraine, which have disrupted grain exports from two of the world's leading suppliers. Russia's transport ministry said it had formed a task force to reroute cargo and enhance navigational safety, while port operators pledged to handle additional shipments where possible. Despite these efforts, industry groups in both countries warned that continued attacks on ports, export terminals and commercial vessels could severely disrupt Black Sea grain exports during the peak harvest season, threatening global food supplies. Meanwhile, hopes for easing geopolitical tensions in the Middle East also weighed on grain prices by improving the outlook for fertilizer and energy supplies.
2026-08-03