Three-Month Wheat Futures Price Rises to US$579.6 per Bushel (Wednesday, September 18, 2024)
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Investing.com notes that the price of three-month wheat contracts today rose 0.54 percent to US$579.6 per bushel. This price increase is considered relatively high compared to the average price movement over the last week.
This week, the price of three-month wheat contracts saw its highest jump on Monday, September 16, 2024, at 1.27 percent. However, trading since the beginning of the year has shown a continuous decline, with year-to-date growth down 4.47 percent.
The current situation is similar to the movement of three-month wheat contract prices in the last 24 hours, which is currently on an upward trend.
Over the past week, the price of three-month wheat contracts has grown by 4.34 percent, with an average daily transaction price of US$570.19 per bushel. Compared to its position 30 days ago, the price of three-month wheat contracts has grown by 3.13 percent. However, from its highest price this year at US$700.25 per bushel, the price of three-month wheat contracts has fallen by 17.23 percent.
Annually, the average trading price of three-month wheat contracts 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 decline. The highest average monthly price for three-month wheat contracts was recorded in May 2024 at US$659.05 per bushel.
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."
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