Three-month Wheat Futures Contract Price Traded at US$538.9 per Bushel (Friday, August 9, 2024)

Investing.com notes that the price of three-month wheat contracts today rose 0.45 percent to US$538.9 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 Tuesday, August 6, 2024, at 0.7 percent. However, trading since the beginning of the year has been consistently declining, with year-to-date growth down 11.18 percent.

The current situation is similar to the movement of three-month wheat contract prices in the last 24 hours, which is currently in a downward trend.

Over the past week, the price of three-month wheat contracts grew by 1.3 percent, with an average daily transaction price of US$539.41 per bushel. Compared to its position 30 days ago, the price of three-month wheat contracts has grown by -5.83 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 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 three-month wheat contracts was recorded in September 2022 at US$833.91 per bushel.