Three-Month Wheat Contract Price Falls to US$567 per Bushel (Friday, September 6, 2024)
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Investing.com reports that the price of three-month wheat futures contracts fell 1.35% today to US$567 per bushel. This price drop is significantly higher than the average price movement over the past week.
This week, the price of three-month wheat futures contracts saw its highest surge on Tuesday, September 3, 2024, reaching 2.77%. However, trading since the beginning of the year has shown a continuous decline, with year-to-date growth down 6.55%.
The current situation follows a two-day upward trend in the price of three-month wheat futures contracts.
Over the past week, the price of three-month wheat futures contracts grew by 5.88%, with an average daily transaction price of US$561.57 per bushel. Compared to the price at the beginning of the year, the price of three-month wheat futures contracts has grown by -6.55%. The highest trading value for three-month wheat futures contracts this year was US$700.25 per bushel, recorded on Tuesday, May 28, 2024.
Annually, the average trading price of three-month wheat futures contracts over the past five years has been in a downward trend. Meanwhile, monthly price monitoring shows that transactions over the past 12 months have tended to decrease. 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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