Three-Month Wheat Contract Price Falls to US$574 per Bushel (Wednesday, July 3, 2024)

The three-month wheat contract price for Wednesday, July 3, 2024, decreased. Today's trading price for the three-month wheat contract was recorded at US$574 per bushel. This is lower than the previous day's trading price of US$581 per bushel. This situation completes the downward trend of the three-month wheat contract price over the past two days.

Over the past week, the three-month wheat contract price increased by 0.53 percent, with an average daily transaction price of US$574.18 per bushel. Compared to the price at the beginning of the year, the three-month wheat contract price has grown by -5.4 percent. The highest trading value for the three-month wheat contract commodity this year was recorded at US$700.25 per bushel on Tuesday, May 28, 2024.

Annually, the average trading price of the three-month wheat contract has been in 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 September 2022 at US$833.91 per bushel.