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 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.

The dataset contains daily price ranges calculated from the daily high and low prices for Chicago Wheat, Corn, and Oats futures contracts, starting in 1877. The data is manually extracted from the ``Annual Reports of the Trade and Commerce of Chicago'' (today, the Chicago Board of Trade, CBOT, which is part of the CME group).

The price range is calculated as Ranget = ln(Ht) - ln(Lt), where Ht and Lt are the highest and lowest price observed on trading day t.

Description of the dataset:

Date: The trading day, format dd-mm-yyyy

Range_W_F1: Price range Wheat futures, First expiration (nearby contract)

Range_W_F2: Price range Wheat futures, Second expiration

Range_C_F1: Price range Corn futures, First expiration (nearby contract)

Range_C_F2: Price range Corn futures, Second expiration

Range_O_F1: Price range Oats futures, First expiration (nearby contract)

Range_O_F2: Price range Oats futures, Second expiration

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.

Explore the historical trends and volatility of wheat prices on the Chicago Board of Trade (CBOT), influenced by weather, supply, demand, and geopolitical events. Learn how these factors impact global markets and provide insights for traders, investors, and policymakers.

This statistic shows the average price per tonne of wheat in the United Kingdom (UK) between 2002 and 2015 by year, according to published agricultural and commodity price figures. In 2012, the price of wheat was 179.26 British Pound Sterling (GBP) per tonne.

This statistic shows the average annual output price of wheat in the United Kingdom from 2003 to 2021. Over the period, total output prices have generally risen, reaching a peak in 2013, with a price index of 151.1. In 2022, the output price index reached a new high, amounting to 227.2 points.

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.

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.

Wholesale Price: Average: Wheat: All India data was reported at 2,228.850 INR/Quintal in Nov 2018. This records an increase from the previous number of 2,204.920 INR/Quintal for Oct 2018. Wholesale Price: Average: Wheat: All India data is updated monthly, averaging 1,897.060 INR/Quintal from Jan 2009 (Median) to Nov 2018, with 119 observations. The data reached an all-time high of 2,228.850 INR/Quintal in Nov 2018 and a record low of 1,209.330 INR/Quintal in Apr 2009. Wholesale Price: Average: Wheat: All India data remains active status in CEIC and is reported by Department of Consumer Affairs. The data is categorized under India Premium Database’s Price – Table IN.PC068: Wholesale Price: Department of Consumer Affairs: Agriculture Commodities: Monthly Average: by Cities: Wheat.

Get statistical data on weekly spot market and forward contract winter wheat prices in Ontario.

Data includes:

• old and new crop Chicago Board of Trade (CBOT) prices
• old and new crop weekly unadjusted basis
• old and new crop weekly adjusted basis
• old crop weekly cash price
• new crop cash price
• cash price spread
• CBOT price spread
• Canadian dollar value
• 5-year average for winter wheat basis
• 10-year average for winter wheat basis
• 10-year average for cash price

Statistical data are compiled to serve as a source of agriculture and food statistics for the province of Ontario. Data are prepared primarily by Statistics and Economics staff of the Ministry of Agriculture, Food and Rural Affairs, in co-operation with the Agriculture Division of Statistics Canada and various government departments and farm marketing boards.

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.

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.

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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.

Get a glance at the market report of share of various segments Request Free Sample

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

The monthly average price for normal wheat in Egypt amounted to 22.05 Egyptian pounds (0.71 U.S. dollars) per kilogram as of May 2023. During the period reviewed, the price was the highest ever recorded and increased slightly compared to the previous month, registering a growth of almost 1.9 percent. In November 2019, the average price dropped by one Egyptian pound and stayed constant until May 2020 before fluctuating and increasing in general. The previous relative stability in wheat prices was caused by the extensive involvement of the Egyptian government in all parts of the wheat value chain.   

A major crop for the Egyptians     

Grains constitute Egypt's most important crop group, with wheat as the most important grain of all. In 2021, the country produced nine million metric tons of the crop. Yet Egyptians consumed more than twice that number. The grain is fundamental to the Egyptian population's food staple. In order to meet a demand that is higher than the local production, the country imports the majority of its wheat. In fact, Egypt has held its position as the largest wheat importer globally for years.

Several shocks to the Egyptian grain market     

The increases in the crop's price since September 2021 were a result of several reasons. The increases in the global average price of cereals, as well as crops affected by weather conditions in major export nations were among the main causes. Furthermore, the Russia-Ukraine war has severe implications on the wheat supply globally and in Egypt. Both countries are leading wheat import partners of Egypt, aggregating 85 percent of the country's wheat imports in 2020. As of the same year, the volume of wheat imported from Russia stood at 14 million metric tons.

The wheat starch prices in Germany for Q2 2024 reached 750 USD/MT in June. Throughout the quarter, this country in particular had noticeable rate fluctuations. Due to the country's restricted supply and postponements from important production areas, domestic players had to increase costs in order to maintain their highest profitability ratios. In the face of rising inflation, the market showed a robust rising trend driven by strong customer confidence and expanded domestic spending activity.

Retail Price: Wheat: North Zone: Delhi data was reported at 28.000 INR/kg in Sep 2023. This stayed constant from the previous number of 28.000 INR/kg for Aug 2023. Retail Price: Wheat: North Zone: Delhi data is updated monthly, averaging 15.000 INR/kg from Jan 2000 (Median) to Sep 2023, with 269 observations. The data reached an all-time high of 30.000 INR/kg in Feb 2023 and a record low of 7.000 INR/kg in Sep 2002. Retail Price: Wheat: North Zone: Delhi data remains active status in CEIC and is reported by Department of Consumer Affairs. The data is categorized under Global Database’s India – Table IN.PC138: Retail Price: Department of Consumer Affairs: Agriculture Commodities: Month End: by Cities: Wheat (Discontinued).

Oat increased 26.05 USd/BU or 7.88% since the beginning of 2025, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Oat - values, historical data, forecasts and news - updated on March of 2025.

United States - Producer Price Index by Commodity: Farm Products: Wheat was 319.99900 Index 1982=100 in March of 2022, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Farm Products: Wheat reached a record high of 347.30000 in March of 2008 and a record low of 70.90000 in July of 1991. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Commodity: Farm Products: Wheat - last updated from the United States Federal Reserve on March of 2025.