Chicago wheat futures remained above $7.5 per bushel in the first week of May, a level not seen since early 2013, on the back of robust demand from the livestock sector and unfavourable weather in North America. The latest data showed China’s imports of grains like corn and wheat jumped in the first quarter amid a surge in demand for livestock products. Meanwhile, harsh weather in the Upper Midwest has raised concerns about the supply. Still, it was reported that US farmers plan to sow 46.358 million acres with wheat this year, beating market expectations of 44.971 million.

Historically, Wheat reached an all time high of 1334.50 in February of 2008. Wheat - data, forecasts, historical chart - was last updated on May of 2021.

Wheat is expected to trade at 729.44 USd/BU by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 631.15 in 12 months time.

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Wheat


Wheat
Wheat Futures are available for trading in The Chicago Board of Trade (CBOT), Euronext, Kansas City Board of Trade (KCBT) and the Minneapolis Grain Exchange (MGEX). The standard contract unit is 5,000 bushels. United States is the biggest exporter of wheat followed by the European Union, Australia and Canada. Wheat prices displayed in Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments. Our market prices are intended to provide you with a reference only, rather than as a basis for making trading decisions. Trading Economics does not verify any data and disclaims any obligation to do so.
Energy Price Day Weekly Monthly YTD Date
Crude Oil
USD/Bbl
65.4000 0.50 0.77% 1.41% 9.55% 34.79% May/10
Brent
USD/Bbl
68.8900 0.61 0.89% 1.97% 8.87% 32.99% May/10
Natural gas
USD/MMBtu
2.9390 0.02 -0.64% -0.91% 14.76% 15.75% May/10
Gasoline
USD/Gal
2.1611 0.03 1.61% 2.84% 9.70% 53.26% May/10
Heating oil
USD/Gal
2.0336 0.02 1.14% 4.19% 12.48% 37.04% May/10
Ethanol
USD/Gal
2.3400 0.00 0.00% 0.43% 22.83% 63.29% May/07
Naphtha
USD/T
591.36 0.69 0.12% 5.99% 8.74% 36.67% May/07
Propane
USD/Gal
0.80 0.01 -0.66% -2.23% -7.99% 23.80% May/07
Uranium
USD/Lbs
30.5000 0.05 -0.16% 4.63% -0.81% -0.65% May/07

Metals Price Day Weekly Monthly YTD Date
Gold
USD/t.oz
1,838.09 7.61 0.42% 2.55% 6.09% -3.08% May/10
Silver
USD/t.oz
27.701 0.27 0.99% 3.09% 11.49% 5.09% May/10
Platinum
USD/t.oz
1,268.52 19.52 1.56% 3.13% 8.42% 19.00% May/10

Agricultural Price Day Weekly Monthly YTD Date
Soybeans
USd/Bu
1,612.0000 9.00 -0.56% 3.32% 16.64% 23.36% May/10
Wheat
USd/Bu
755.7500 17.50 -2.26% 4.03% 20.34% 17.99% May/10
Lumber
USD/1000 board feet
1,686.00 41.00 2.49% 12.36% 52.39% 93.11% May/07
Palm Oil
MYR/T
4,350.00 77.00 -1.74% 7.12% 19.18% 20.83% May/10
Cheese
USD/Lbs
1.8070 0.02 -0.82% 5.98% 5.61% 9.78% May/07
Milk
USD/CWT
18.82 0.08 -0.42% 6.69% 6.75% 19.11% May/07
Orange Juice
USd/Lbs
110.30 3.70 -3.25% 0.68% 0.91% -10.51% May/07
Wool
AUD/100Kg
1,319.00 0.00 0.00% -1.71% 1.46% 12.64% May/07
Rice
USD/cwt
14.1050 0.05 -0.32% 5.38% 7.59% 15.24% May/07
Canola
CAD/T
1,045.30 42.20 4.21% 17.45% 28.51% 66.05% May/07
Tea
USD/Kgs
2.91 0.00 0.00% 5.05% 9.81% 1.39% May/07
Coffee
USd/Lbs
150.95 1.95 1.31% 4.90% 18.07% 17.70% May/07
Oat
USd/Bu
400.0000 5.50 -1.36% 0.19% 7.45% 10.88% May/10
Cotton
USd/Lbs
89.17 0.49 -0.55% 2.25% 11.27% 14.14% May/10
Sugar
USd/Lbs
17.60 0.11 0.63% 5.20% 14.66% 13.62% May/10
Rubber
JPY/Kg
262.80 4.80 1.86% 2.26% 17.85% -2.23% May/10
Cocoa
USD/T
2,422.00 50.00 2.11% 3.42% 2.85% -6.95% May/07
Corn
USd/BU
758.7500 14.00 -1.81% 3.62% 33.35% 56.77% May/10

Livestock Price Day Weekly Monthly YTD Date
Beef
BRL/Kg
20.38 0.02 0.10% -0.05% 0.30% 12.35% May/07
Poultry
BRL/Kgs
7.17 0.02 0.28% 7.34% 15.46% 19.30% May/07
Feeder Cattle
USd/Lbs
131.7250 1.25 0.96% -1.40% -10.47% -5.20% May/07
Lean Hogs
USd/Lbs
111.9750 0.58 0.52% 1.68% 8.21% 59.34% May/07
Live Cattle
USd/Lbs
116.0250 0.55 0.48% -0.47% -6.54% 0.87% May/07

Industrial Price Day Weekly Monthly YTD Date
Copper
USD/Lbs
4.8945 0.13 2.70% 7.74% 21.45% 39.09% May/10
Coal
USD/T
94.00 2.25 2.45% 2.31% 6.52% 15.74% May/10
Steel
CNY/T
5,474.00 51.00 0.94% 2.09% 7.06% 29.72% May/07
Iron Ore
USD/T
207.00 10.00 5.08% 10.70% 22.12% 30.60% May/07
Lithium
CNY/T
90,000.00 0.00 0.00% 0.00% 0.00% 93.55% May/10
Bitumen
CNY/T
3,078.00 28.00 -0.90% 0.65% 12.34% 29.22% May/10
Palladium
USD/t.oz
2,979.67 53.16 1.82% 0.30% 11.36% 21.74% May/10
Aluminum
USD/T
2,583.50 48.75 1.92% 6.75% 13.01% 30.43% May/10
Tin
USD/T
29,927.50 140.00 0.47% 2.44% 16.63% 47.32% May/10
Zinc
USD/T
3,042.75 17.50 0.58% 3.04% 10.33% 10.61% May/10
Cobalt
USD/T
45,165.00 0.00 0.00% 0.00% -9.22% 40.31% May/07
Lead
USD/T
2,220.20 16.80 0.76% 3.89% 13.23% 12.37% May/07
Nickel
USD/T
18,052.50 140.25 0.78% 2.26% 7.57% 9.06% May/07
Molybdenum
USD/Kg
27.00 0.00 0.00% 0.00% -3.74% 14.89% May/07
Neodymium
CNY/T
695,000.00 0.00 0.00% 0.00% -9.15% 11.65% May/07
Iron Ore 62% fe
USD/T
204.35 6.67 3.37% 13.76% 19.89% 31.13% May/07
Rhodium
USD/t oz.
28,900.00 400.00 -1.37% -2.03% -0.69% 70.00% May/07
Soda Ash
CNY/T
1,762.00 0.00 0.00% 0.57% 0.57% 31.49% May/10
Manganese
CNY/T
31.50 0.75 2.44% 2.44% 5.00% 0.80% May/07

Index Price Day Weekly Monthly YTD Date
CRB Index
Index Points
219.94 1.82 0.83% 3.61% 10.46% 23.36% May/07
LME Index
Index Points
4,399.90 102.30 2.38% 5.31% 13.31% 28.86% May/07
S&P GSCI
Index Points
2,511.61 19.54 0.78% 3.38% 10.62% 27.04% May/07