Three-Month Wheat Contract Price Traded at US$537.4 per Bushel This Morning (Monday, August 5, 2024)

Investing.com reports that the three-month wheat contract price today fell 0.57 percent to US$537.4 per bushel. This price drop is significantly higher than the average price movement over the last week.

The three-month wheat contract price experienced its highest weekly drop on Monday, August 5, 2024, falling 0.57 percent. Year-to-date (YTD), however, trading has shown a continuous decline, with a YTD decrease of 11.43 percent.

The current situation mirrors the three-month wheat contract price movement over the last day, which is in a downward trend.

Over the past week, the three-month wheat contract price grew by 2.66 percent, with an average daily transaction price of US$533.02 per bushel. Compared to its position 30 days ago, the three-month wheat contract price has grown by -5.6 percent. Furthermore, from its yearly high of US$700.25 per bushel, the three-month wheat contract price has fallen by 23.26 percent.

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