Three-Month Wheat Futures Price Rises to US$527.38 per Bushel (Wednesday, July 31, 2024)

The three-month wheat contract price for Wednesday, July 31, 2024, increased. Today's trading of the three-month wheat contract was recorded at US$527.38 per bushel. This figure is higher than the previous day's trading, which stood at US$527.25 per bushel. This current condition completes the movement of the three-month wheat contract price over the last two days, which has been in a shrinking trend.

Over the past week, the three-month wheat contract price movement grew by -3.59 percent, with an average daily transaction price of US$527.77 per bushel. Compared to its position 30 days ago, the three-month wheat contract price has grown by -2.56 percent. From its highest price this year at US$700.25 per bushel, the three-month wheat contract price has fallen by 24.69 percent.

Annually, the average trading price of the three-month wheat contract 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 of the three-month wheat contract was recorded in September 2022 at US$833.91 per bushel.