Three-Month Wheat Contract Price Falls to US$557.5 per Bushel (Monday, April 1, 2024)

The three-month wheat contract price for Monday, April 1, 2024, decreased. Today's trading of the three-month wheat contract was recorded at US$557.5 per bushel. This figure is lower than the previous day's trading, which was at US$561.5 per bushel. This current condition is similar to the previous movement of the three-month wheat contract, which was in an upward trend.

Over the past week, the three-month wheat contract price increased by 1.97 percent, with an average daily transaction price of US$554.29 per bushel. Compared to the price at the beginning of the year, the three-month wheat contract price has slowed by 8.12 percent. The highest trading value for the three-month wheat contract commodity this year was transacted at US$616 per bushel, which occurred on Friday, January 5, 2024.

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 decline. The highest average monthly price for the three-month wheat contract commodity was recorded in May 2022 at US$1144.59 per bushel.