Three-Month Wheat Contract Price Falls to US$537.4 per Bushel (Monday, August 5, 2024)

Investing.com reports that the price of three-month wheat contracts fell 0.57% today to US$537.4 per bushel. This decrease is significantly higher than the average price movement over the past week.

The price of three-month wheat contracts saw its highest increase this week on Monday, August 5, 2024, before falling 0.57%. Year-to-date (YTD), trading has shown a continuous decline, with a YTD decrease of 11.43%.

The current situation mirrors the recent trend of shrinking prices for three-month wheat contracts over the past day.

Over the past week, the price of three-month wheat contracts grew by 2.66%, with an average daily transaction price of US$533.02 per bushel. Compared to the price 30 days ago, the price of three-month wheat contracts has grown by -5.6%. The highest trading value for three-month wheat contracts this year was US$700.25 per bushel, recorded on Tuesday, May 28, 2024.

Annually, the average trading price of three-month wheat contracts over the past five years has been declining. Monthly price monitoring shows a shrinking trend in transactions over the past 12 months. The highest average monthly price for three-month wheat contracts was recorded in September 2022 at US$833.91 per bushel.