Wheat decreased 17.24 USd/BU or 3.13% since the beginning of 2025, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Wheat - values, historical data, forecasts and news - updated on March of 2025.

The current price of wheat per tonne is influenced by multiple factors including global supply and demand, weather conditions, government policies, and economic factors. This article explores how these factors impact wheat prices and provides insights into the average price range. Learn more about the complex interplay of global and local factors that determine the price of wheat per tonne.

The monthly price of wheat (hard red winter) in the United States reached an all time high in May 2022, at over 520 U.S. dollars per metric ton. The unprecedented price increase began in mid-2020, due to the impact of the Covid-19 pandemic, and was later exacerbated by the Russo-Ukrainian War in March 2022. Before the war, Russia and Ukraine were among the world's five largest wheat exporters, and around one third of all international wheat imports came from these two countries.

The increase of 96 dollars per ton between February and March 2022 was the single largest price hike in U.S. history, and was only the second time that prices had exceeded 400 dollars - the first time this happened was due to the financial crisis of 2008. In the five years before the Covid-19 pandemic, the price of wheat generally fluctuated between 150 and 230 dollars per ton.

This statistic depicts the average annual prices for U.S. wheat (HRW) from 2014 through 2026*. In 2023, the average price for U.S. wheat (HRW) stood at 340 nominal U.S. dollars per metric ton.

Learn about the factors that affect the fluctuation of wheat grain prices, including weather conditions, global demand and supply, economic policies, and seasonal trends. Stay informed on the current price and how it impacts traders and consumers in the market.

Wheat prices in Canada for Q1 2024 closed at 237 USD/MT. Canada's wheat market struggled with declining prices, impacted by a stronger Canadian dollar and rising shipping costs, making exports less competitive. High supply levels and reduced demand, both locally and globally, resulted in a bearish outlook and subdued market activity.

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Wheat Market Size 2024-2028

The wheat market size is forecast to increase by USD 73.16 billion at a CAGR of 4.54% between 2023 and 2028.

The market is experiencing significant growth driven by the increasing trend towards plant-based diets and the expansion of retail stores offering organic wheat-based supplements. The vegan population is on the rise, leading to a surging demand for wheat-based food and health products. This shift in consumer preferences presents a lucrative opportunity for companies operating in the market. However, climate change and unpredictable weather patterns pose a significant challenge to market growth. Extreme weather conditions, such as droughts and floods, can negatively impact wheat production and lead to supply chain disruptions. As such, companies must adapt to these conditions by implementing sustainable farming practices and exploring alternative sourcing options to mitigate risks and ensure a consistent supply of high-quality wheat. Additionally, investing in research and development to create climate-resilient wheat varieties can help companies stay competitive and capitalize on the growing demand for sustainable agricultural practices.

What will be the Size of the Wheat Market during the forecast period?

Request Free SampleThe market encompasses the production, trade, and consumption of various wheat types, including hard white and soft white wheat, primarily used in food crops for baked goods and snack foods. Wheat, scientifically known as Triticum aestivum, is rich in essential vitamins and minerals, such as Vitamin A, B6, and carotene alpha. The market's size is significant, with applications ranging from animal feed to industrial uses, biofuel production, and premium baked goods. Wheat production faces challenges such as pesticide use, mycotoxin levels, and disease resistance. Consumer preferences are shifting towards organic and clean-label products, driving innovation in the sector. Durum wheat, a key component in pasta and craft beer production, is also gaining attention. Sustainability concerns, including the environmental impact of fossil fuels and the Westernized diet's role in health issues, are influencing market dynamics. Government regulations, digital marketplaces, and e-commerce platforms are shaping the market's future direction.

How is this Wheat Industry segmented?

The wheat industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments. ApplicationHumanFeedTypeHard red winterHard red springSoft red winterOthersGeographyAPACChinaIndiaPakistanEuropeRussiaMiddle East and AfricaNorth AmericaUSSouth America

By Application Insights

The human segment is estimated to witness significant growth during the forecast period.Wheat is a significant cereal grain, serving as a primary food source for numerous populations worldwide. As a major carbohydrate provider, wheat contains essential nutrients, including protein, vitamins, soluble fiber, and phytochemicals. The versatility of wheat extends beyond human consumption, as it is also utilized in food processing industries for the production of refined wheat flour, pasta, noodles, and beverages. Wheat's nutritional benefits have led to its widespread use in various cuisines and industries. However, it's important to note that wheat contains gluten, which can trigger allergic reactions in some individuals. Additionally, sustainability is a growing concern in the wheat industry, with research focusing on innovative farming techniques, irrigation methods, soil health, and pest control to ensure efficient production and minimize environmental impact. Wheat's demand is influenced by population growth, food industry trends, and consumer preferences, leading to fluctuations in prices and challenges to food security. The market is influenced by factors such as market supply, demand, production costs, and trade policies. Wheat's importance extends to the food industry, with applications in poultry feed, food additives, and processed foods. Food safety standards, distribution networks, and agricultural technology play crucial roles in ensuring the quality and affordability of wheat and wheat products.

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The Human segment was valued at USD 117.11 billion in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

APAC is estimated to contribute 50% to the growth of the global market during the forecast period.Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

For more insights on the market size of various regions, Request Free Sample

Wheat is a significant agricultural commodi

Learn about the importance of live grain market prices and how to access up-to-date information on the current prices of different grain commodities through commodity exchanges, news and analysis platforms, and free online price tracking tools.

In the 2024/2025 marketing year, the top consumers of wheat globally were China, India, and the European Union. China consumed about 151 million metric tons of wheat that year. Wheat consumption worldwide is slowly increasing, growing by about eight percent since 2018/2019. Wheat production and trade Not only do they consume the most wheat, but China, the EU, and India are also the leading producers of wheat worldwide. Chine led global production, with about 136.6 million metric tons in 2023/24. Despite being a top producer, China also imports a great deal of wheat. In 2022, China imported about 3.8 billion U.S. dollars’ worth of wheat. Egypt has been one of the leading importer of wheat worldwide for the last several years. Wheat price Prices around the world have risen as of 2022. Many believe that the Russian invasion of Ukraine is to blame for the rising wheat prices and others believe it is the speculation of an impending food crisis that is driving up demand. The price of the most common variety of wheat grown in the U.S., hard red winter wheat, reached an all-time high in May 2022, reaching over 522 dollars per metric ton. Globally, the real household income is expected to decline by about 1.57 percent due to the increased cost of wheat and corn. Some countries will experience a decline of over five percent, showing the real impact that growing prices have on consumers across the world.

Explore the complex factors influencing global wheat prices, including weather impacts, geopolitical tensions, demand-supply dynamics, and trade policies. Recent fluctuations and market trends reveal a mixed outlook for wheat prices, with significant implications for stakeholders.

Basis reflects both local and global supply and demand forces. It is calculated as the difference between the local cash price and the futures price. It affects when and where many grain producers and shippers buy and sell grain. Many factors affect basis—such as local supplies, storage and transportation availability, and global demand—and they interact in complex ways. How changes in basis manifest in transportation is likewise complex and not always direct. For instance, an increase in current demand will drive cash prices up relative to future prices, and increase basis. At the same time, grain will enter the transportation system to fulfill that demand. However, grain supplies also affect basis, but will have the opposite effect on transportation. During harvest, the increase in the supply of grain pushes down cash prices relative to futures prices, and basis weakens, but the demand for transportation increases to move the supplies.

For more information on how basis is linked to transportation, see the story, "Grain Prices, Basis, and Transportation" (https://agtransport.usda.gov/stories/s/sjmk-tkh6), and links below for research on the topic.

This data has corn, soybean, and wheat basis for a variety of locations. These include origins—such as Iowa, Minnesota, Nebraska, and many others—and destinations, such as the Pacific Northwest, Louisiana Gulf, Texas Gulf, and Atlantic Coast.

This is one of three companion datasets. The other two are grain prices (https://agtransport.usda.gov/d/g92w-8cn7) and grain price spreads (https://agtransport.usda.gov/d/an4w-mnp7). These datasets are separate, because the coverage lengths differ and missing values are removed (e.g., there needs to be a cash price and a futures price to have a basis price).

The cash price comes from the grain prices dataset and the futures price comes from the appropriate futures market, which is Chicago Board of Trade (CME Group) for corn, soybeans, and soft red winter wheat; Kansas City Board of Trade (CME Group) for hard red winter wheat; and the Minneapolis Grain Exchange for hard red spring wheat.

Today, the prices of US wheat have experienced some fluctuations in the market. The wheat market is influenced by a variety of factors including supply and demand, weather conditions, global economic trends, and government policies. The current market price for US wheat is $5.50 per bushel, but prices are subject to change based on various factors.

830 Global import shipment records of Wheat Flour with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

The world market price of wheat is influenced by factors such as supply and demand, weather conditions, government policies, and international trade agreements. This article explores how these factors impact wheat prices and discusses other factors like currency exchange rates, energy prices, and investor speculation. It also analyzes recent fluctuations in the world market price of wheat and emphasizes the importance of monitoring and understanding these factors for market participants and consumers.

In the marketing year of 2024/2025, the global production volume of wheat amounted to almost 793 million metric tons. This was an increase compared to the previous marketing year. Wheat in the U.S. The United States produces a large amount of wheat each year, a great deal of which is subsequently exported. In 2022/23, the country imported about 122 million bushels of wheat, while exporting 758 million bushels. North Dakota, Kansas, and Montana were the leading U.S. states in terms of wheat production in 2023. Post Shredded Wheat Post Shredded Wheat is a brand of breakfast cereal, made from whole wheat, owned by the American company, known as Post Consumer Brands. The brand comes in many varieties, including Frosted Shredded Wheat, Original Big Biscuit, and Original Spoon Size. When surveyed in 2020, roughly six and a half million American consumers consumed between one and four portions of regular Post Shredded Wheat for breakfast over the last seven days.

This statistic illustrates the stocks of wheat worldwide from 2012/2013 to 2023/2024, in addition to a forecast for the 2024/2025 season. In crop year 2015/2016, the global stocks of wheat amounted to about 224 million metric tons. Wheat stocks is forecast to increase to about 265 million metric tons by 2024/2025.

15438 Global export shipment records of Wheat Straw with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

Corn decreased 3.39 USd/BU or 0.74% since the beginning of 2025, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Corn - values, historical data, forecasts and news - updated on March of 2025.

In fiscal year 2024, the procurement price of wheat across India was over 2,275 Indian rupees per quintal. This was an increase compared to the previous year's procurement price. During fiscal year 2023, the export value of wheat from the south Asian nation amounted to over 1,519 million U.S. dollars.

This statistic shows the worldwide production of grain in 2024/25, sorted by type. In that year, worldwide wheat production came to about 793.24 million metric tons. The most important grain was corn, based on a production amount of over 1.2 billion metric tons. Grain Humans have been harvesting the small, dry seeds known as grain for thousands of years. The two main categories of grains are cereals, such as wheat, rye, and corn, and legumes, such as beans, lentils, peanuts and soybeans. Many grains are capable of being stored for long periods of time, easily transported over long distances, processed into flour, oil, and gas, and consumed by animals and humans. Most grain in the U.S. is used as animal feed, while slightly less is converted into ethanol. The smallest portion is consumed by humans. There has been recent debate about the health and ethics of grain feeding animals such as cows, goats, and sheep, animals biologically better suited to consuming grass. Though more cost effective than grass feeding, some argue this practice has an adverse effect on the quality of the meat as well as on the health of the animal and the consumer. The use of grains in producing ethanol has increased significantly in recent years. Global ethanol production has tripled since the year 2000. Ethanol is a semi-renewable energy formed by the fermentation of a feedstock, often sugar cane or corn cobs. It can be mixed with gasoline and used as motor vehicle fuel. This hybrid motor fuel emits fewer pollutants than standard gasoline.