Three-Month Wheat Futures Price Traded at US$539 per Bushel This Morning (Thursday, August 1, 2024)

The three-month wheat contract price for Thursday, August 1, 2024, increased. Today's trading of the three-month wheat contract was recorded at US$539 per bushel. This figure is higher than the previous day's trading, which was at US$532 per bushel. The current situation is similar to the movement of the three-month wheat contract price over the past three days, which has been in a downward trend.

Over the past week, the three-month wheat contract price movement grew by 0.23 percent, with an average daily transaction price of US$528.61 per bushel. Compared to the price at the beginning of the year, the three-month wheat contract price has grown by -11.17 percent. From its highest price this year at US$700.25 per bushel, the three-month wheat contract price has fallen by 23.03 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.