Three-Month Wheat Contract Price Falls to US$567.5 per Bushel (Friday, July 12, 2024)

The three-month wheat contract price for Friday, July 12, 2024, decreased. Today's trading price for the three-month wheat contract was recorded at US$567.5 per bushel. This figure is lower than the previous day's trading price of US$571.25 per bushel. This current condition is similar to the downward trend observed in the three-month wheat contract price over the past day.

Over the past week, the three-month wheat contract price moved down by -2.32 percent, with an average daily transaction price of US$572.46 per bushel. As a result, throughout 2024, the three-month wheat contract price has fallen by 6.47 percent from its year-start position of US$606.75 per bushel. Compared to its highest price this year of US$700.25 per bushel, the three-month wheat contract price has decreased by 18.96 percent.

Year-on-year, the average trading price of the three-month wheat contract has shown a downward trend over the past five years. Meanwhile, for monthly price monitoring, transactions over the past 12 months have tended to decline. The highest average monthly price for the three-month wheat contract commodity was recorded in September 2022 at US$833.91 per bushel.