Three-Month Wheat Contract Price Rises to US$573.8 per Bushel (Monday, September 23, 2024)
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Investing.com reports that the price of three-month wheat futures contracts rose 0.69 percent today, reaching US$573.8 per bushel. This price increase is significantly higher than the average price movement over the past week.
Today's price movement represents the highest weekly increase at 0.69 percent. However, trading since the beginning of the year has shown a decline, with year-to-date growth down 5.43 percent.
The current situation is similar to the three-month wheat futures price movement over the past three days, which has been on an upward trend.
Over the past week, the price of three-month wheat futures contracts grew by 0.45 percent, with an average daily transaction price of US$572.53 per bushel. Compared to its position 30 days ago, the price of three-month wheat futures contracts has grown by four percent. 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 on 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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