Three-Month Wheat Contract Price Falls to US$571.1 per Bushel (Friday, September 6, 2024)
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Investing.com reports that the three-month wheat contract price today fell 0.64 percent to US$571.1 per bushel. This price drop is significantly higher than the average price movement over the past week.
This week, the three-month wheat contract price saw its highest surge on Tuesday, September 3, 2024, reaching 2.77 percent. However, trading since the beginning of the year has continuously declined, with year-to-date (YTD) growth down 5.88 percent.
The current situation completes the upward trend in the three-month wheat contract price over the past two days.
Over the past week, the three-month wheat contract price grew by 6.65 percent, with an average daily transaction price of US$562.16 per bushel. Katadata Insight Center (KIC) calculations show that year-to-date (YTD), the three-month wheat contract price has decreased by -5.88 percent. The highest trading value for the three-month wheat contract commodity this year was US$700.25 per bushel, recorded on Tuesday, May 28, 2024.
Annually, the average trading price of the three-month wheat contract over the past five years has been declining. 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 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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