Three-Month Wheat Futures Contract Price Traded at US$550.6 per Bushel This Morning (Tuesday, September 3, 2024)
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Investing.com reports that the price of three-month wheat futures contracts fell 0.16% today to US$550.6 per bushel. This price drop is significantly higher than the average price movement over the past week.
Today's price movement represents the highest weekly decline at 0.16%. Year-to-date (YTD), trading has shown a continuous decline, with a YTD decrease of 9.25%.
The current situation is similar to the downward trend observed in three-month wheat futures contracts over the past day.
Over the past week, three-month wheat futures contracts grew by 4.28%, with an average daily transaction price of US$540.44 per bushel. As a result, throughout 2024, three-month wheat futures contracts have shrunk by -9.25% from their year-start position of US$606.75 per bushel. 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 in a downward trend. Meanwhile, monthly price monitoring shows a contraction in transactions over the past 12 months. 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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