Chicago wheat futures traded around $7.3 per bushel, not far from an over eight-year high of $7.8 hit in early May, helped by a surge in demand in livestock feed in China, which has recently driven imports of grains. At the same time, commodity traders weighed reports of rainfalls across the American Great Plains and Europe, which has supported crop expectations for this year. According to the USDA, American farmers planted 70% of the planned wheat acres, ahead of both the average estimates of 69% and the 5-year average of 51%. The Department added that winter wheat was rated 49% good-to-excellent, up 1% from prior estimates. On top of that, wheat stocks were seen falling to 774 million bushels by June 2022, down 11.2% from a year earlier and the lowest since 752 million bushels in 2015.

Historically, Wheat reached an all time high of 1334.50 in February of 2008. Wheat - data, forecasts, historical chart - was last updated on May of 2021.

Wheat is expected to trade at 667.03 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 577.15 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
65.3000 0.07 -0.11% 0.59% 2.95% 34.58% May/17
Brent
USD/Bbl
68.5300 0.18 -0.26% 0.31% 2.21% 32.30% May/17
Natural gas
USD/MMBtu
3.0330 0.07 2.47% 3.44% 10.33% 19.46% May/17
Gasoline
USD/Gal
2.1302 0.00 0.17% -0.15% 4.19% 51.07% May/17
Heating oil
USD/Gal
2.0385 0.00 0.11% 1.09% 7.71% 37.37% May/17
Ethanol
USD/Gal
2.3400 0.00 0.00% 0.00% 16.42% 63.29% May/14
Naphtha
USD/T
590.22 6.36 1.09% -0.19% 5.71% 36.40% May/14
Propane
USD/Gal
0.81 0.01 1.06% 1.39% -0.84% 25.52% May/14
Uranium
USD/Lbs
30.9500 0.00 0.00% 1.48% 4.21% 0.81% May/14

Metals Price Day Weekly Monthly YTD Date
Gold
USD/t.oz
1,852.98 10.79 0.59% 0.96% 4.73% -2.29% May/17
Silver
USD/t.oz
27.697 0.28 1.03% 1.42% 7.31% 5.08% May/17
Platinum
USD/t.oz
1,226.80 1.80 0.15% -1.61% 1.70% 15.09% May/17

Agricultural Price Day Weekly Monthly YTD Date
Soybeans
USd/Bu
1,590.7500 4.50 0.28% -1.81% 9.73% 21.73% May/17
Wheat
USd/Bu
699.2500 8.00 -1.13% -5.41% 7.21% 9.17% May/17
Lumber
USD/1000 board feet
1,560.00 70.00 -4.29% -7.47% 23.74% 78.67% May/14
Cheese
USD/Lbs
1.8070 0.02 -0.82% 0.00% 6.36% 9.78% May/14
Palm Oil
MYR/T
4,233.00 273.00 -6.06% -3.09% 14.10% 17.58% May/17
Milk
USD/CWT
18.87 0.01 -0.05% 0.05% 6.79% 19.43% May/17
Rice
USD/cwt
13.6450 0.32 2.36% -3.26% 4.56% 11.48% May/17
Rubber
JPY/Kg
259.00 6.00 2.37% -0.92% 17.78% -3.65% May/17
Canola
CAD/T
872.50 51.80 -5.60% -14.06% 4.83% 38.60% May/17
Oat
USd/Bu
369.5000 1.50 0.41% -8.31% -2.95% 2.43% May/17
Cotton
USd/Lbs
83.46 1.03 1.25% -5.66% 0.24% 6.84% May/17
Coffee
USd/Lbs
144.25 1.40 -0.96% -4.44% 8.70% 12.48% May/14
Wool
AUD/100Kg
1,306.00 0.00 0.00% -0.99% 1.16% 11.53% May/14
Tea
USD/Kgs
3.02 0.00 0.00% 3.78% 11.85% 5.23% May/14
Sugar
USd/Lbs
16.96 0.15 -0.88% -3.03% 3.54% 9.49% May/14
Cocoa
USD/T
2,474.00 13.00 0.53% 2.15% 2.53% -4.96% May/14
Orange Juice
USd/Lbs
116.30 1.30 1.13% 5.44% 2.11% -5.64% May/14
Corn
USd/BU
643.7500 0.25 0.04% -13.94% 8.74% 33.01% May/17

Livestock Price Day Weekly Monthly YTD Date
Beef
BRL/Kg
20.04 0.00 0.00% -1.67% -2.20% 10.47% May/14
Poultry
BRL/Kgs
7.22 0.00 0.00% 0.70% 15.15% 20.13% May/14
Feeder Cattle
USd/Lbs
137.5500 0.10 0.07% 4.42% -1.79% -1.01% May/14
Lean Hogs
USd/Lbs
108.7250 1.38 -1.25% -2.90% 4.97% 54.71% May/14
Live Cattle
USd/Lbs
115.3000 0.30 -0.26% -0.62% -5.18% 0.24% May/14

Industrial Price Day Weekly Monthly YTD Date
Copper
USD/Lbs
4.6705 0.01 0.14% -1.33% 9.89% 32.72% May/17
Coal
USD/T
97.20 3.97 -3.92% 5.94% 6.70% 19.68% May/14
Steel
CNY/T
5,584.00 213.00 -3.67% 2.01% 8.74% 32.32% May/14
Iron Ore
USD/T
205.50 12.00 -5.52% -0.72% 17.09% 29.65% May/14
Lithium
CNY/T
89,000.00 0.00 0.00% -1.11% -1.11% 91.40% May/17
Bitumen
CNY/T
2,964.00 96.00 -3.14% -4.57% 0.34% 24.43% May/14
Cobalt
USD/T
44,095.00 540.00 -1.21% -2.37% -11.37% 36.98% May/14
Lead
USD/T
2,137.80 7.05 0.33% -3.71% 6.98% 8.20% May/14
Aluminum
USD/T
2,446.25 8.25 -0.34% -3.49% 4.70% 23.50% May/14
Tin
USD/T
29,512.50 342.50 1.17% -0.92% 11.55% 45.27% May/14
Zinc
USD/T
2,940.00 23.25 0.80% -2.82% 2.50% 6.87% May/14
Nickel
USD/T
17,516.00 224.00 1.30% -2.97% 7.32% 5.81% May/14
Molybdenum
USD/Kg
29.00 0.00 0.00% 7.41% 3.39% 23.40% May/14
Palladium
USD/t.oz
2,895.22 2.72 0.09% -2.19% 2.97% 18.29% May/17
Manganese
CNY/T
32.00 0.00 0.00% 1.59% 5.79% 2.40% May/14
Rhodium
USD/t oz.
28,400.00 0.00 0.00% -1.73% -0.70% 67.06% May/14
Soda Ash
CNY/T
1,760.00 0.00 0.00% -0.11% 0.46% 31.34% May/14
Neodymium
CNY/T
637,500.00 17,500.00 -2.67% -8.27% -13.85% 2.41% May/14
Iron Ore 62% fe
USD/T
210.08 1.97 -0.93% 2.80% 21.43% 34.80% May/14

Index Price Day Weekly Monthly YTD Date
CRB Index
Index Points
216.04 0.37 0.17% -1.77% 4.87% 21.17% May/14
LME Index
Index Points
4,299.40 13.00 -0.30% -2.28% 8.39% 25.92% May/14
S&P GSCI
Index Points
2,470.55 16.66 0.68% -1.63% 4.94% 24.97% May/14