Three-Month Wheat Futures Price Rises to US$575.1 per Bushel (Wednesday, September 11, 2024)
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The three-month wheat contract price for transactions on Wednesday, September 11, 2024, increased. Today's trading of the three-month wheat contract was recorded at US$575.1 per bushel. This is higher than the previous day's trading, which was at US$573.5 per bushel. This current condition is similar to the movement of the three-month wheat contract price over the past three days, which has been on an upward trend.
Over the past week, the three-month wheat contract price has grown by 4.28 percent, with an average daily transaction price of US$572.34 per bushel. As a result, throughout 2024, the three-month wheat contract price has fallen by 5.22 percent from its year-beginning position of US$606.75 per bushel. The highest trading value for the three-month wheat contract commodity this year was transacted at US$700.25 per bushel, which occurred on Tuesday, May 28, 2024.
Annually, the average trading price of the three-month wheat contract over the past five years has been on 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 commodity was recorded in May 2024 at US$659.05 per bushel.
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