This statistic depicts the average annual prices for U.S. wheat (HRW) from 2014 through 2026*. In 2024, the average price for U.S. wheat (HRW) stood at 269 nominal U.S. dollars per metric ton.

Wheat fell to 519.22 USd/Bu on July 31, 2025, down 0.86% from the previous day. Over the past month, Wheat's price has fallen 5.42%, and is down 2.40% compared to the same time last year, 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 July of 2025.

The monthly price of wheat (hard red winter) in the United States reached an all time high in May 2022, at over *** 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.

Interactive chart of historical daily wheat prices back to 1975. The price shown is in U.S. Dollars per bushel.

Graph and download economic data for Global price of Wheat (PWHEAMTUSDM) from Jan 1990 to Jun 2025 about wheat, World, and price.

In June 2022, the wheat price per ton stood at $449 per ton in June 2022, surging by 4.4% against the previous month.

In July 2022, the durum wheat price per ton stood at $483, which is down by -11.8% against the previous month.

In August 2022, the wheat price per ton stood at $409.0 (FOB, US), reducing by -4.5% against the previous month.

The price of US wheat per ton is influenced by factors such as supply and demand, weather conditions, government policies, global market trends, and currency exchange rates. Monitoring these factors is crucial for farmers, traders, and consumers to make informed decisions and adapt to market changes.

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.

Graph and download economic data for Global price of Wheat (PWHEAMTUSDQ) from Q1 1990 to Q2 2025 about wheat, World, and price.

In February 2025, the average wheat export price amounted to $266 per ton, picking up by 2% against the previous month.

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.

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.

In Apr 2022, the wheat price per ton stood at $265 (FOB, US), increasing by 31% against the previous month.

Corn rose to 394.77 USd/BU on August 1, 2025, up 0.19% from the previous day. Over the past month, Corn's price has fallen 8.03%, and is down 2.10% compared to the same time last year, 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 August of 2025.

In 2017, domestically produced wheat in Oman had a price of *** U.S. dollars per metric ton, compared to 1130 U.S. dollars per metric tons in 2015. Within the Middle East and North Africa region, animal products, dairy, beverages and tobacco have higher tariffs than other products. Tariffs increase prices for domestic consumers and producers reducing competitiveness.

All white, all-purpose flour regardless of package size. Includes self-rising, non self-rising, organic, non-organic, bleached, and unbleached."

In September 2022, the grain price per ton stood at $355.6 (FOB, US), reducing by -3.5% against the previous month.

The U.S. wheat harvested area was about 37.1 million acres in 2021/2022. For the crop year of 2032/2033, area harvested with wheat was projected to be some 36.9 million acres.

Leading wheat producers North Dakota had the largest harvested area of wheat, followed by Kansas and Montana as of 2018. Kansas topped the list of the leading U.S. states based on their wheat area planted. In 2018, the total area of wheat planted in Kansa amounted to 7.7 million acres. In that year, around 47.8 million acres of wheat were planted and around 40 million acres of wheat were harvested in the United States.

Global market Per capita food use of wheat has decreased worldwide over the past few years. According to the World Bank, in 2017, the average price for wheat (hard red winter) was about 174 nominal U.S. dollars per metric ton. It was forecast to rise to about 227 nominal U.S. dollars per metric ton by 2025.