Three-Month Wheat Contract Price Falls to US$535.5 per Bushel (Tuesday, August 13, 2024)

The three-month wheat contract price for Tuesday, August 13, 2024, decreased. Today's trading price for the three-month wheat contract was recorded at US$535.5 per bushel. This figure is lower than the previous day's trading price of US$536.25 per bushel. This current condition completes the three-month wheat contract price movement over the past two days, which has been in a downward trend.

Over the past week, the three-month wheat contract price movement grew by -0.93 percent, with an average daily transaction price of US$538.96 per bushel. Compared to the price at the beginning of the year, the three-month wheat contract price has grown by -11.74 percent. The highest trading value for the three-month wheat contract commodity this year was transacted at US$700.25 per bushel, which occurred on Tuesday, May 28, 2024.

Annually, the average trading price of the three-month wheat contract over the past five years has been in a downward trend. Meanwhile, for monthly price monitoring, transactions in the last 12 months have tended to decrease. The highest average monthly price for the three-month wheat contract commodity was recorded in September 2022 at US$833.91 per bushel.