Wheat Futures Prices for the Next Three Months Continue to Fall
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Investing.com notes that the price of three-month wheat contracts today fell 0.51 percent to US$564.12 per bushel. This price drop is relatively significant compared to the average price movement over the last week.
Today's price movement represents the highest weekly decline at 0.51 percent. Meanwhile, trading since the beginning of the year has continuously declined, with year-to-date growth down 7.03 percent.
The current situation is similar to the movement of three-month wheat contract prices over the past three days, which have been on an upward trend.
Over the past week, the price of three-month wheat contracts grew by 4.18 percent, with an average daily transaction price of US$564.8 per bushel. Compared to its position 30 days ago, the price of three-month wheat contracts has grown by 2.75 percent. However, from its highest price this year at US$700.25 per bushel, the price of three-month wheat contracts has fallen by 19.44 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 decrease. 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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