Three-month wheat contract closes at US$667.6 per bushel (Tuesday, June 4, 2024)

Investing.com reports that the three-month wheat contract price today fell 0.77 percent to US$667.6 per bushel. This price drop is considerably higher than the average price movement over the last week.

Yesterday, the three-month wheat contract price saw its highest surge on Monday, June 3, 2024, at 0.73 percent. It has strengthened by 10.03 percent compared to its year-to-date position.

The current situation is similar to the previous three-month wheat contract price movements, which were in an upward trend.

Over the past week, the three-month wheat contract price movement slowed by 4.25 percent, with an average daily transaction price of US$680.1 per bushel. According to Katadata Insight Center (KIC) calculations, year-to-date (YTD), the three-month wheat contract price has increased by 10.03 percent. Even from its highest price this year at US$700.25 per bushel, the three-month wheat contract price has fallen by 4.66 percent.

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 decrease. The highest average monthly price for the three-month wheat contract commodity was recorded in September 2022 at US$833.91 per bushel.