Three-Month Wheat Contract Price Falls to US$571.38 per Bushel (Thursday, September 19, 2024)
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Investing.com notes that the price of three-month wheat contracts fell 0.8 percent today to US$571.38 per bushel. This price drop is considerably higher than the average price movement over the past week.
The three-month wheat contract price saw its highest surge this week on Monday, September 16, 2024, at 1.27 percent. However, trading since the beginning of the year has continuously declined, with year-to-date growth down 5.83 percent.
The current situation is similar to the movement of three-month wheat contract prices in the last 24 hours, which are currently on an upward trend.
Over the past week, the price of three-month wheat contracts grew by 2.26 percent, with an average daily transaction price of US$571.38 per bushel. As a result, throughout 2024, the price of three-month wheat contracts has shrunk by -5.83 percent from its year-start position of US$606.75 per bushel. From its highest price this year at US$700.25 per bushel, the price of three-month wheat contracts has fallen by 18.4 percent.
Annually, the average trading price of three-month wheat contracts over the past five years has been on 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 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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