Three-Month Wheat Contract Price Traded at US$569.62 per Bushel This Morning (Tuesday, September 10, 2024)
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Investing.com notes that the price of three-month wheat contracts today rose 0.2 percent to US$569.62 per bushel. This price increase is relatively high compared to the average price movement over the last week.
This week, the price of three-month wheat contracts saw its highest jump on Monday, September 9, 2024, at 0.26 percent. However, trading since the beginning of the year has shown a continuous decline, with year-to-date growth down 6.12 percent.
The current situation confirms the upward trend in the price of three-month wheat contracts over the past two days.
Over the past week, the price of three-month wheat contracts has grown by 3.8 percent, with an average daily transaction price of US$568.41 per bushel. Compared to the price at the beginning of the year, the price of this three-month wheat contract has increased by -6.12 percent. The highest trading value for three-month wheat contracts this year was recorded at US$700.25 per bushel on Tuesday, May 28, 2024.
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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