Three-month wheat futures contract closed at US$547.75 per bushel (Thursday, March 28, 2024)

Investing.com notes that the three-month wheat contract price today rose 0.05 percent to US$547.75 per bushel. This price increase is relatively high compared to the average price movement over the past week.

The three-month wheat contract price saw its highest jump this week on Wednesday, March 27, 2024, at 0.74 percent. However, trading since the beginning of the year has continuously declined, with year-to-date (YTD) growth at -9.72 percent.

The current situation completes the downward trend in the three-month wheat contract price over the past two days.

Over the past week, the three-month wheat contract price slowed by 0.86 percent, with an average daily transaction price of US$548.61 per bushel. Katadata Insight Center (KIC) calculations show that year-to-date (YTD), the three-month wheat contract price has decreased by -9.72 percent. The highest trading value for the three-month wheat contract commodity this year was recorded at US$616 per bushel on Friday, January 5, 2024.

Annually, the average trading price of the three-month wheat contract has been on a downward trend over the past five years. Meanwhile, for monthly price monitoring, 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 2022 at US$1144.59 per bushel.