Three-Month Wheat Futures Price Rises to US$542.75 per Bushel (Friday, July 19, 2024)

On July 19, 2024, the three-month wheat contract price increased by 1.4 percent to US$ 542.75 per bushel. This increase is significantly higher than the average price movement over the past week.

This week, the three-month wheat contract price saw its highest jump on Wednesday, July 17, 2024, at 1.6 percent. Year-to-date (YTD), it has weakened by 10.55 percent compared to its beginning-of-year position.

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

Over the past week, the three-month wheat contract price grew by -0.14 percent, with an average daily transaction price of US$ 538.96 per bushel. According to Katadata Insight Center (KIC) calculations, year-to-date (YTD), the three-month wheat contract price has fallen by 10.55 percent. From its highest price this year at US$ 700.25 per bushel, the three-month wheat contract price has fallen by 22.49 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 for the three-month wheat contract was recorded in September 2022 at US$ 833.91 per bushel.