Three-month wheat futures contract traded at US$523.5 per bushel this morning (Friday, July 26, 2024)

The three-month wheat contract price for Friday, July 26, 2024, decreased. Today's trading of the three-month wheat contract was recorded at US$523.5 per bushel. This figure is lower than the previous day's trading, which was at US$537.75 per bushel. This situation confirms the shrinking trend in the three-month wheat contract price over the past two days.

Over the past week, the three-month wheat contract price moved down by -2.92 percent, with an average daily transaction price of US$539.57 per bushel. As a result, throughout 2024, the three-month wheat contract price has decreased by -13.72 percent from its year-start position of US$606.75 per bushel. The highest trading value for the three-month wheat contract commodity this year was US$700.25 per bushel, which occurred on Tuesday, May 28, 2024.

Annually, the average trading price of the three-month wheat contract has been on a downward trend over the past five years. Meanwhile, for monthly price monitoring, transactions in the last 12 months have tended to decline. The highest average monthly price for the three-month wheat contract commodity was recorded in September 2022 at US$833.91 per bushel.