Three-Month Wheat Contract Price Falls to US$566.5 per Bushel (Thursday, September 19, 2024)
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Investing.com notes that the price of three-month wheat futures contracts fell 1.61% today to US$566.5 per bushel. This price drop is significantly higher than the average price movement over the past week.
The three-month wheat futures contract reached its highest point this week on Monday, September 16, 2024, rising 1.27%. However, trading since the beginning of the year has shown a continuous decline, with year-to-date growth down 6.63%.
The current situation is similar to the movement of three-month wheat futures prices in the last 24 hours, which are currently trending upwards.
Over the past week, the price of three-month wheat futures contracts grew by 1.39%, with an average daily transaction price of US$570.64 per bushel. As a result, throughout 2024, the price of three-month wheat futures has fallen 6.63% from its year-start position of US$606.75 per bushel. Compared to its highest price this year of US$700.25 per bushel, the price of three-month wheat futures has fallen 19.1%.
Annually, the average trading price of three-month wheat futures contracts 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 decline. The highest average monthly price for three-month wheat futures contracts was recorded in May 2024 at US$659.05 per bushel.
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."
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