Three-Month Wheat Futures Price Rises to US$592.5 per Bushel (Monday, September 16, 2024)
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Investing.com reports that the three-month wheat contract price today rose 3.72 percent to US$592.5 per bushel. This price increase is significantly higher than the average price movement over the past week.
Today's price movement represents the highest weekly increase at 3.72 percent. However, trading since the beginning of the year has shown a decline, with year-to-date growth down 2.35 percent.
The current situation confirms the upward trend in the three-month wheat contract price over the past two days.
Over the past week, the three-month wheat contract price increased by 5.61 percent, with an average daily transaction price of US$565.43 per bushel. Compared to its position 30 days ago, the three-month wheat contract price has grown by 5.19 percent. The highest trading value for the three-month wheat contract commodity this year was US$700.25 per bushel, recorded on Tuesday, May 28, 2024.
Annually, the average trading price of the three-month wheat contract has been in a downward trend over the past five years. Meanwhile, monthly price monitoring shows that 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.
"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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