Wheat futures are trading between $5–$6 per bushel, near their lowest since 2020, pressured by ample global supplies and sluggish demand. Australian wheat inventories are expected to end the season significantly higher, as exports to China dropped sharply. Only 546,000 metric tons were shipped between October and March, down from 2.9 million tons a year earlier. Also, rising competition from Russian wheat and the upcoming Northern Hemisphere harvest are set to flood the market with cheap grain. In China, favorable harvest weather is expected this week, and authorities are pushing to speed up harvest operations ahead of rains. Meanwhile, the latest WASDE report projects global wheat production to hit a record 808.5 million tons in 2025/26, lifting total supply to 1,073.7 million. Ending stocks are forecast at 265.7 million tons, slightly up from last year.

Wheat decreased 18.25 USd/BU or 3.31% since the beginning of 2025, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Wheat reached an all time high of 1350 in March of 2022. Wheat - data, forecasts, historical chart - was last updated on May 31 of 2025.

Wheat decreased 18.25 USd/BU or 3.31% since the beginning of 2025, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Wheat is expected to trade at 532.30 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 500.07 in 12 months time.



Price Day Month Year Date
Soybeans 1,041.75 -10.00 -0.95% 0.14% -13.53% May/30
Wheat 533.25 -0.75 -0.14% 3.49% -21.41% May/30
Lumber 591.41 4.76 0.81% 7.04% 16.76% May/30
Cheese 1.84 0 0% 0.60% -5.64% May/30
Palm Oil 3,878.00 -55.00 -1.40% -0.82% -4.93% May/30
Milk 18.62 0.01 0.05% 1.20% 0.11% May/30
Cocoa 9,761.83 594.98 6.49% 11.33% 5.00% May/30
Cotton 65.08 0.071 0.11% -0.67% -14.50% May/30
Rubber 162.00 -4.20 -2.53% -3.74% -7.32% May/30
Orange Juice 285.05 10.20 3.71% 7.57% -34.80% May/30
Coffee 341.94 -6.27 -1.80% -13.12% 54.98% May/30
Oat 377.99 2.4948 0.66% 3.56% -1.89% May/30
Wool 1,204.00 0 0% -2.27% 5.89% May/30
Rice 13.51 0.1550 1.16% 5.51% -23.57% May/30
Canola 710.77 -9.97 -1.38% 4.35% 7.49% May/30
Sugar 17.11 0.07 0.44% -0.31% -6.57% May/30
Corn 443.52 -3.4846 -0.78% -4.47% -0.61% May/30

Related Last Previous Unit Reference
United States Corn Stocks 8.15 12.07 Billion Bushels Mar 2025
United States Soybean Stocks 1.91 3.10 Billion Bushels Mar 2025
United States Wheat Stocks 1.24 1.57 Billion Bushels Mar 2025

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. The biggest wheat producers are China, India, Russia, the US, France, Australia, and Canada. Russia is the biggest exporter of wheat followed by the United States, Canada, France, Ukraine, Australia, and Argentina. Ukraine and Russia accounted for nearly 30% of global wheat exports before the Russian invasion of Ukraine. 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.
Actual Previous Highest Lowest Dates Unit Frequency
533.25 534.00 1350.00 212.50 1977 - 2025 USd/BU Daily