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.

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.

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.

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.

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.

Graph and download economic data for Producer Price Index by Commodity: Processed Foods and Feeds: Wheat Mill Products, Corn Mill Products, and Other Grain Mill Products Except Flour (WPU02140908) from Jun 1998 to Feb 2025 about flour, grains, corn, wheat, mills, processed, food, commodities, PPI, inflation, price index, indexes, price, and USA.

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.

Graph and download economic data for Producer Price Index by Commodity: Farm Products: Grains (WPU012) from Jan 1926 to Feb 2025 about grains, agriculture, commodities, PPI, inflation, price index, indexes, price, and USA.

United States Exports of grain sorghum to Uruguay was US$70.3 Thousand during 2024, according to the United Nations COMTRADE database on international trade. United States Exports of grain sorghum to Uruguay - data, historical chart and statistics - was last updated on March of 2025.

GrainCorp stock price, live market quote, shares value, historical data, intraday chart, earnings per share and news.

Oman Imports from China of Rye in the grain was US$15.36 Thousand during 2016, according to the United Nations COMTRADE database on international trade. Oman Imports from China of Rye in the grain - data, historical chart and statistics - was last updated on March of 2025.

United States Exports of grain sorghum to Faroe Islands was US$12.48 Thousand during 2024, according to the United Nations COMTRADE database on international trade. United States Exports of grain sorghum to Faroe Islands - data, historical chart and statistics - was last updated on March of 2025.

Finland - Grain maize and corn-cob-mix: Area (cultivation/harvested/production) was 0.00 thousand ha in December of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Finland - Grain maize and corn-cob-mix: Area (cultivation/harvested/production) - last updated from the EUROSTAT on March of 2025. Historically, Finland - Grain maize and corn-cob-mix: Area (cultivation/harvested/production) reached a record high of 0.00 thousand ha in December of 2024 and a record low of 0.00 thousand ha in December of 2024.

India Exports of rye in the grain to United States was US$2.6 Thousand during 2023, according to the United Nations COMTRADE database on international trade. India Exports of rye in the grain to United States - data, historical chart and statistics - was last updated on March of 2025.

United States Imports from Argentina of Grain sorghum was US$446.03 Thousand during 2024, according to the United Nations COMTRADE database on international trade. United States Imports from Argentina of Grain sorghum - data, historical chart and statistics - was last updated on March of 2025.

Finland Imports of grain sorghum from United Kingdom was US$53 during 2020, according to the United Nations COMTRADE database on international trade. Finland Imports of grain sorghum from United Kingdom - data, historical chart and statistics - was last updated on March of 2025.

Kenya Imports from United States of Rye in the grain was US$252 during 2010, according to the United Nations COMTRADE database on international trade. Kenya Imports from United States of Rye in the grain - data, historical chart and statistics - was last updated on March of 2025.

New Zealand Imports from United States of Grain sorghum was US$5.4 Thousand during 2022, according to the United Nations COMTRADE database on international trade. New Zealand Imports from United States of Grain sorghum - data, historical chart and statistics - was last updated on March of 2025.

Venezuela Imports from Mexico of Grain sorghum was US$10.82 Thousand during 2012, according to the United Nations COMTRADE database on international trade. Venezuela Imports from Mexico of Grain sorghum - data, historical chart and statistics - was last updated on March of 2025.

Slovakia Imports of grain sorghum from Poland was US$296 during 2023, according to the United Nations COMTRADE database on international trade. Slovakia Imports of grain sorghum from Poland - data, historical chart and statistics - was last updated on March of 2025.