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.

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.

Agriculture Output Value: 1999-00p: Cereal: Wheat: Haryana data was reported at 50,736.400 INR mn in 2006. This records a decrease from the previous number of 52,017.500 INR mn for 2005. Agriculture Output Value: 1999-00p: Cereal: Wheat: Haryana data is updated yearly, averaging 52,901.300 INR mn from Mar 2000 (Median) to 2006, with 7 observations. The data reached an all-time high of 55,768.100 INR mn in 2001 and a record low of 50,736.400 INR mn in 2006. Agriculture Output Value: 1999-00p: Cereal: Wheat: Haryana data remains active status in CEIC and is reported by Ministry of Statistics and Programme Implementation. The data is categorized under Global Database’s India – Table IN.RIG225: Agricultural Output Value: 1999-2000p: Constant Price: by States: Foodgrains: Cereals: Wheat.

Agri Output Value: 1993-94p: Cereal: Wheat: Punjab data was reported at 49,653.600 INR mn in 2003. This records a decrease from the previous number of 54,293.800 INR mn for 2002. Agri Output Value: 1993-94p: Cereal: Wheat: Punjab data is updated yearly, averaging 47,456.900 INR mn from Mar 1991 (Median) to 2003, with 13 observations. The data reached an all-time high of 55,747.300 INR mn in 2000 and a record low of 42,568.600 INR mn in 1991. Agri Output Value: 1993-94p: Cereal: Wheat: Punjab data remains active status in CEIC and is reported by Ministry of Statistics and Programme Implementation. The data is categorized under Global Database’s India – Table IN.RIG298: Agricultural Output Value: 1993-1994p: Constant Price: by States: Foodgrains: Cereals: Wheat.

Agri Output Value: 2004-05p: Cereal: Wheat: Haryana data was reported at 74,613.700 INR mn in 2011. This records an increase from the previous number of 67,581.400 INR mn for 2010. Agri Output Value: 2004-05p: Cereal: Wheat: Haryana data is updated yearly, averaging 66,038.849 INR mn from Mar 2005 (Median) to 2011, with 7 observations. The data reached an all-time high of 74,613.700 INR mn in 2011 and a record low of 57,392.212 INR mn in 2006. Agri Output Value: 2004-05p: Cereal: Wheat: Haryana data remains active status in CEIC and is reported by Ministry of Statistics and Programme Implementation. The data is categorized under Global Database’s India – Table IN.RIG152: Agriculture Output Value: 2004-2005p: Constant Price: by States: Foodgrains: Cereals: Wheat.

Weekly barge rates (percent of tariff) for downbound grain freight originate from six locations along the Mississippi River System (MRS), which includes the Mississippi River and its tributaries (e.g., Upper Mississippi River, Illinois River, Ohio River, etc.).

The Mississippi River System uses a percent of tariff system to establish barge freight rates. The tariffs were originally from the Bulk Grain and Grain Products Freight Tariff No. 7, which were issued by the Waterways Freight Bureau (WFB) of the Interstate Commerce Commission (ICC). In 1976, the U.S. Department of Justice entered into an agreement with ICC that made Tariff No. 7 no longer applicable. Today, WFB no longer exists, and ICC has become the Surface Transportation Board of the U.S. Department of Transportation. However, the barge industry continues to use the tariffs as benchmarks as rate units.

Here are the six MRS locations where the percent of tariff is collected each week: (1) Twin Cities, from Minneapolis, MN, to La Crosse, WI, on the Upper Mississippi River (2) Mid-Mississippi, from Genoa, WI, to Winfield, MO, on the Upper Mississippi River (3) Illinois River, from Chicago, IL, to Hardin, IL, on the Illinois River (4) St. Louis, from Grafton, IL, to Cape Girardeau, MO, on the Upper Mississippi River (5) Ohio River, from Silver Grove, KY, to Paducah, KY, on the Ohio River (6) Cairo-Memphis, from Buffalo Island, MO, to Memphis, TN, on the Lower Mississippi River

Within these locations (except for Twin Cities), multiple benchmark rates apply, depending on the exact origin location and the distance to the Gulf. (Please see the Rate Data by Segment" Excel file below for specific locations.)

To calculate the rate in dollars per ton, multiply the percent of tariff rate by the benchmark rate. A few examples: (1) A 300-percent tariff for grain barge at Minneapolis, MN, would equal 3.00 times the benchmark rate of $6.19, or $18.57 per ton. (2) A 250-percent tariff for a grain barge at Dubuque, IA, would equal 2.50 times the benchmark rate of $6.00 or $15 per ton. (3) A 225-percent tariff for a grain barge at Peoria, IL, would be 2.25 times the benchmark rate of $4.84 or $10.83 per ton. (4) A 215-percent tariff for a grain barge at St. Louis, MO, would be 2.15 times the benchmark rate of $3.99 or $8.58 per ton. (5) A 200-percent tariff for a grain barge at Cincinnati, OH, would be 2.00 times the benchmark rate of $4.69, or $9.38 per ton. (6) A 150-percent tariff for a grain barge at Hales Point, TN, would be 1.50 times the benchmark rate of $3.51, or $5.27 per ton.

Agriculture Output Value: Cereal: Wheat: Haryana data was reported at 57,884.400 INR mn in 2003. This records a decrease from the previous number of 58,368.900 INR mn for 2002. Agriculture Output Value: Cereal: Wheat: Haryana data is updated yearly, averaging 37,477.100 INR mn from Mar 1991 (Median) to 2003, with 13 observations. The data reached an all-time high of 58,772.400 INR mn in 2001 and a record low of 15,468.100 INR mn in 1991. Agriculture Output Value: Cereal: Wheat: Haryana data remains active status in CEIC and is reported by Ministry of Statistics and Programme Implementation. The data is categorized under Global Database’s India – Table IN.RIF298: Agriculture Output Value: 1993-1994p: Current Price: by States: Foodgrains: Cereals: Wheat. Rebased from 1993-1994 base to 1999-2000 base. Replacement series ID: 252696301.

Agriculture Output Value: 1999-00p: Cereal: Wheat: Sikkim data was reported at 48.600 INR mn in 2006. This records an increase from the previous number of 44.800 INR mn for 2005. Agriculture Output Value: 1999-00p: Cereal: Wheat: Sikkim data is updated yearly, averaging 48.100 INR mn from Mar 2000 (Median) to 2006, with 7 observations. The data reached an all-time high of 54.500 INR mn in 2001 and a record low of 6.900 INR mn in 2000. Agriculture Output Value: 1999-00p: Cereal: Wheat: Sikkim data remains active status in CEIC and is reported by Ministry of Statistics and Programme Implementation. The data is categorized under Global Database’s India – Table IN.RIG225: Agricultural Output Value: 1999-2000p: Constant Price: by States: Foodgrains: Cereals: Wheat.

Argi Output Value: Cereal: Wheat: Meghalaya data was reported at 8.898 INR mn in 2023. This records a decrease from the previous number of 15.781 INR mn for 2022. Argi Output Value: Cereal: Wheat: Meghalaya data is updated yearly, averaging 10.206 INR mn from Mar 2012 (Median) to 2023, with 12 observations. The data reached an all-time high of 15.781 INR mn in 2022 and a record low of 7.321 INR mn in 2013. Argi Output Value: Cereal: Wheat: Meghalaya data remains active status in CEIC and is reported by Ministry of Statistics and Programme Implementation. The data is categorized under Global Database’s India – Table IN.RIF005: Agriculture Output Value: 2011-2012p: Current Price: by States: Foodgrains: Cereals: Wheat.

Agriculture Output Value: Cereal: Wheat: Gujarat data was reported at 6,805.700 INR mn in 2003. This records a decrease from the previous number of 8,716.900 INR mn for 2002. Agriculture Output Value: Cereal: Wheat: Gujarat data is updated yearly, averaging 6,805.700 INR mn from Mar 1991 (Median) to 2003, with 13 observations. The data reached an all-time high of 11,468.200 INR mn in 1999 and a record low of 4,320.200 INR mn in 1992. Agriculture Output Value: Cereal: Wheat: Gujarat data remains active status in CEIC and is reported by Ministry of Statistics and Programme Implementation. The data is categorized under Global Database’s India – Table IN.RIF298: Agriculture Output Value: 1993-1994p: Current Price: by States: Foodgrains: Cereals: Wheat. Rebased from 1993-1994 base to 1999-2000 base. Replacement series ID: 252696201.

Agri Output Value: 2004-05p: Cereal: Wheat: Maharashtra data was reported at 19,151.900 INR mn in 2011. This records an increase from the previous number of 14,483.800 INR mn for 2010. Agri Output Value: 2004-05p: Cereal: Wheat: Maharashtra data is updated yearly, averaging 14,483.800 INR mn from Mar 2005 (Median) to 2011, with 7 observations. The data reached an all-time high of 19,717.796 INR mn in 2008 and a record low of 8,457.184 INR mn in 2005. Agri Output Value: 2004-05p: Cereal: Wheat: Maharashtra data remains active status in CEIC and is reported by Ministry of Statistics and Programme Implementation. The data is categorized under Global Database’s India – Table IN.RIG152: Agriculture Output Value: 2004-2005p: Constant Price: by States: Foodgrains: Cereals: Wheat.

Agriculture Output Value: Cereal: Wheat: Mizoram data was reported at 0.000 INR mn in 2003. This stayed constant from the previous number of 0.000 INR mn for 2002. Agriculture Output Value: Cereal: Wheat: Mizoram data is updated yearly, averaging 0.000 INR mn from Mar 1991 (Median) to 2003, with 13 observations. The data reached an all-time high of 0.000 INR mn in 2003 and a record low of 0.000 INR mn in 2003. Agriculture Output Value: Cereal: Wheat: Mizoram data remains active status in CEIC and is reported by Ministry of Statistics and Programme Implementation. The data is categorized under Global Database’s India – Table IN.RIF298: Agriculture Output Value: 1993-1994p: Current Price: by States: Foodgrains: Cereals: Wheat.

Agriculture Output Value: Cereal: Wheat: Tamil Nadu data was reported at 0.000 INR mn in 2003. This stayed constant from the previous number of 0.000 INR mn for 2002. Agriculture Output Value: Cereal: Wheat: Tamil Nadu data is updated yearly, averaging 0.300 INR mn from Mar 1991 (Median) to 2003, with 13 observations. The data reached an all-time high of 0.700 INR mn in 1992 and a record low of 0.000 INR mn in 2003. Agriculture Output Value: Cereal: Wheat: Tamil Nadu data remains active status in CEIC and is reported by Ministry of Statistics and Programme Implementation. The data is categorized under Global Database’s India – Table IN.RIF298: Agriculture Output Value: 1993-1994p: Current Price: by States: Foodgrains: Cereals: Wheat.

Agri Output Value: 2004-05p: Cereal: Wheat: Jammu & Kashmir data was reported at 3,182.100 INR mn in 2011. This records an increase from the previous number of 2,067.000 INR mn for 2010. Agri Output Value: 2004-05p: Cereal: Wheat: Jammu & Kashmir data is updated yearly, averaging 3,410.279 INR mn from Mar 2005 (Median) to 2011, with 7 observations. The data reached an all-time high of 3,552.879 INR mn in 2007 and a record low of 2,067.000 INR mn in 2010. Agri Output Value: 2004-05p: Cereal: Wheat: Jammu & Kashmir data remains active status in CEIC and is reported by Ministry of Statistics and Programme Implementation. The data is categorized under Global Database’s India – Table IN.RIG152: Agriculture Output Value: 2004-2005p: Constant Price: by States: Foodgrains: Cereals: Wheat.

Agri Output Value: 2004-05p: Cereal: Wheat: Jharkhand data was reported at 1,267.200 INR mn in 2011. This records a decrease from the previous number of 1,385.700 INR mn for 2010. Agri Output Value: 2004-05p: Cereal: Wheat: Jharkhand data is updated yearly, averaging 1,116.000 INR mn from Mar 2005 (Median) to 2011, with 7 observations. The data reached an all-time high of 1,385.700 INR mn in 2010 and a record low of 621.600 INR mn in 2006. Agri Output Value: 2004-05p: Cereal: Wheat: Jharkhand data remains active status in CEIC and is reported by Ministry of Statistics and Programme Implementation. The data is categorized under Global Database’s India – Table IN.RIG152: Agriculture Output Value: 2004-2005p: Constant Price: by States: Foodgrains: Cereals: Wheat.

Agri Output Value: 2004-05p: Cereal: Wheat: Punjab data was reported at 105,584.400 INR mn in 2011. This records an increase from the previous number of 97,408.100 INR mn for 2010. Agri Output Value: 2004-05p: Cereal: Wheat: Punjab data is updated yearly, averaging 97,408.100 INR mn from Mar 2005 (Median) to 2011, with 7 observations. The data reached an all-time high of 105,584.400 INR mn in 2011 and a record low of 92,910.769 INR mn in 2006. Agri Output Value: 2004-05p: Cereal: Wheat: Punjab data remains active status in CEIC and is reported by Ministry of Statistics and Programme Implementation. The data is categorized under Global Database’s India – Table IN.RIG152: Agriculture Output Value: 2004-2005p: Constant Price: by States: Foodgrains: Cereals: Wheat.

Agriculture Output Value: 1999-00p: Cereal: Wheat: Rajasthan data was reported at 38,835.100 INR mn in 2006. This records an increase from the previous number of 37,655.300 INR mn for 2005. Agriculture Output Value: 1999-00p: Cereal: Wheat: Rajasthan data is updated yearly, averaging 38,677.100 INR mn from Mar 2000 (Median) to 2006, with 7 observations. The data reached an all-time high of 44,132.400 INR mn in 2000 and a record low of 32,086.600 INR mn in 2003. Agriculture Output Value: 1999-00p: Cereal: Wheat: Rajasthan data remains active status in CEIC and is reported by Ministry of Statistics and Programme Implementation. The data is categorized under Global Database’s India – Table IN.RIG225: Agricultural Output Value: 1999-2000p: Constant Price: by States: Foodgrains: Cereals: Wheat.

Agriculture Output Value: Cereal: Wheat: Assam data was reported at 550.600 INR mn in 2003. This records an increase from the previous number of 528.900 INR mn for 2002. Agriculture Output Value: Cereal: Wheat: Assam data is updated yearly, averaging 528.900 INR mn from Mar 1991 (Median) to 2003, with 13 observations. The data reached an all-time high of 931.000 INR mn in 2000 and a record low of 287.200 INR mn in 1991. Agriculture Output Value: Cereal: Wheat: Assam data remains active status in CEIC and is reported by Ministry of Statistics and Programme Implementation. The data is categorized under Global Database’s India – Table IN.RIF298: Agriculture Output Value: 1993-1994p: Current Price: by States: Foodgrains: Cereals: Wheat. Rebased from 1993-1994 base to 1999-2000 base. Replacement series ID: 252695901.

Agri Output Value: 1993-94p: Cereal: Wheat: Tripura data was reported at 6.200 INR mn in 2003. This records a decrease from the previous number of 8.600 INR mn for 2002. Agri Output Value: 1993-94p: Cereal: Wheat: Tripura data is updated yearly, averaging 15.200 INR mn from Mar 1991 (Median) to 2003, with 13 observations. The data reached an all-time high of 31.000 INR mn in 1993 and a record low of 6.200 INR mn in 2003. Agri Output Value: 1993-94p: Cereal: Wheat: Tripura data remains active status in CEIC and is reported by Ministry of Statistics and Programme Implementation. The data is categorized under Global Database’s India – Table IN.RIG298: Agricultural Output Value: 1993-1994p: Constant Price: by States: Foodgrains: Cereals: Wheat.

Agriculture Output Value: Cereal: Wheat: Madhya Pradesh data was reported at 35,707.700 INR mn in 2003. This records a decrease from the previous number of 40,801.700 INR mn for 2002. Agriculture Output Value: Cereal: Wheat: Madhya Pradesh data is updated yearly, averaging 32,114.600 INR mn from Mar 1991 (Median) to 2003, with 13 observations. The data reached an all-time high of 54,420.400 INR mn in 2000 and a record low of 17,394.100 INR mn in 1991. Agriculture Output Value: Cereal: Wheat: Madhya Pradesh data remains active status in CEIC and is reported by Ministry of Statistics and Programme Implementation. The data is categorized under Global Database’s India – Table IN.RIF298: Agriculture Output Value: 1993-1994p: Current Price: by States: Foodgrains: Cereals: Wheat. Rebased from 1993-1994 base to 1999-2000 base. Replacement series ID: 252696801.