Three-month wheat contract price traded at US$576.4 per bushel this morning (Thursday, September 5, 2024)
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Investing.com notes that the price of three-month wheat contracts today fell 0.71 percent to US$576.4 per bushel. This price drop is considerably higher than the average price movement over the last week.
This week, the price of three-month wheat contracts saw its highest surge on Tuesday, September 3, 2024, reaching 2.77 percent. However, trading since the beginning of the year has continuously declined, with year-to-date growth down 5 percent.
The current situation is similar to the movement of three-month wheat contract prices in the last day, which is currently in a shrinking trend.
Over the past week, the price of three-month wheat contracts grew 9.79 percent, with an average daily transaction price of US$557.27 per bushel. Compared to the price at the beginning of the year, the price of this three-month wheat contract has grown by -5 percent. The highest trading value for three-month wheat contracts this year was US$700.25 per bushel, which occurred on Tuesday, May 28, 2024.
Annually, the average trading price of three-month wheat contracts 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 shrink. 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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