Three-Month Wheat Contract Price Rises to US$542 per Bushel (Friday, August 9, 2024)

The three-month wheat contract price for transactions on Friday, August 9, 2024, increased. Today's trading of the three-month wheat contract was recorded at US$542 per bushel. This is higher than the previous day's trading, which was at US$537.5 per bushel. This current situation is similar to the movement of the three-month wheat contract in the last day, which is in a shrinking trend.

Over the past week, the three-month wheat contract price increased by 1.88 percent, with an average daily transaction price of US$540 per bushel. As a result, throughout 2024, the three-month wheat contract price has decreased by -10.67 percent from its year-beginning position of US$606.75 per bushel. The highest trading value for the three-month wheat contract commodity this year was transacted at US$700.25 per bushel, which occurred on Tuesday, May 28, 2024.

Annually, the average trading price of the three-month wheat contract 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 the three-month wheat contract commodity was recorded in September 2022 at US$833.91 per bushel.