Three-Month Wheat Futures Price Rises to US$540.6 per Bushel (Thursday, August 8, 2024)

The three-month wheat contract price increased on Thursday, August 8, 2024. Today's trading price for the three-month wheat contract was recorded at US$ 540.6 per bushel. This is higher than the previous day's trading price of US$ 539.25 per bushel. This current condition is similar to the movement of the three-month wheat contract price in the last day, which is currently in a downward trend.

Over the past week, the three-month wheat contract price has grown by 2.53 percent, with an average daily transaction price of US$ 539.16 per bushel. As a result, throughout 2024, the three-month wheat contract price has decreased by -10.9 percent from its year-beginning position of US$ 606.75 per bushel. From its highest price this year of US$ 700.25 per bushel, the three-month wheat contract price has fallen by 22.8 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 decrease. The highest average monthly price of the three-month wheat contract commodity was recorded in September 2022 at US$ 833.91 per bushel.