Graph and download economic data for Producer Price Index by Commodity: Farm Products: Hard Red Winter Wheat (WPU01210101) from Jan 1947 to Aug 2025 about wheat, agriculture, commodities, PPI, inflation, price index, indexes, price, and USA.

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.

View monthly updates and historical trends for US Hard Red Winder Wheat Price. Source: International Monetary Fund. Track economic data with YCharts analy…

Wheat fell to 529.25 USd/Bu on December 1, 2025, down 0.33% from the previous day. Over the past month, Wheat's price has fallen 2.62%, and is down 1.53% 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 December of 2025.

View monthly updates and historical trends for US Hard Red Winter Wheat Export Price (Gulf Ports). from United States. Source: World Bank. Track economic …

Explore the dynamic factors influencing hard red winter wheat prices, from climatic conditions and global supply-demand shifts to geopolitical events and technological advancements, crucial for stakeholders in agriculture and food supply industries.

Learn about the factors that influence the price of soft red winter wheat, including supply and demand dynamics, market conditions, and crop quality. Stay informed to make informed decisions and maximize profitability in the wheat industry.

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.

United States - Producer Price Index by Commodity: Farm Products: Hard Red Winter Wheat was 133.39900 Index 1982=100 in August of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Farm Products: Hard Red Winter Wheat reached a record high of 337.15600 in May of 2022 and a record low of 32.00000 in July of 1969. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Commodity: Farm Products: Hard Red Winter Wheat - last updated from the United States Federal Reserve on October of 2025.

This data product contains statistics on wheat-including the five classes of wheat: hard red winter, hard red spring, soft red winter, white, and durum-and rye. Includes data published in the monthly Wheat Outlook and previously annual Wheat Yearbook. Data are monthly, quarterly, and/or annual depending upon the data series. Most data are on a marketing year basis, but some are calendar year.This record was taken from the USDA Enterprise Data Inventory that feeds into the https://data.gov catalog. Data for this record includes the following resources: Web page with links to Excel files For complete information, please visit https://data.gov.

Historical Manitoba market crop prices, based on weekly surveys of grain buyers' pricing This table contains weekly and monthly prices for different crops, based on weekly surveys of grain buyers' pricing, as well as other publicly available market sources. The table contains prices for the current and nine previous years. Each weekly dataset contains prices on the sales that occurred from Friday to Thursday. The monthly price represents a simple average of the corresponding weekly prices. For more information on major crops in Manitoba please visit ARD Livestock Markets and Statistics. This table is used in the Manitoba Crop Prices Historical dashboard. Fields included [Alias (Field name): Field description] Year (Year): Year from the selection of last 10 years including current year Period (Period): Period of time to be presented on charts from the selection of Monthly and Weekly PeriodNo (PeriodNo): Serial number of period (1-12 for monthly presentation, 1-52 for weekly presentation). For weekly presentation, each week contains prices on sales that occurred from Friday to Thursday (e.g., Week 1 of 2021 represents sales between Friday, Jan. 1, 2021 and Thursday, Jan. 7, 2021, with the corresponding report published by the department on Friday, Jan. 8, 2021). For monthly presentation, each month contains simple average prices of weeks, which had more than two days of corresponding month in the period from Monday to Friday (e.g., if the first day of the month is Monday, Tuesday or Wednesday, monthly average includes this week; but if the first day of the month is Thursday or Friday, the weekly prices are included in monthly average prices of a previous month). Price (Price): Crop price for the corresponding period of time, in C$ per tonne Crop Category (Crop): Category of grains and oilseeds from the selection of: Wheat, Northern Hard Red; Wheat, Western Red Spring; Wheat, Red Winter; Wheat, Special Purpose (Low Vomi); Barley, #1CW; Corn, #2; Oats, #2CW; Flaxseed, #1CW; Canola, #1CR; Canola Meal, 34%, Altona; Soybeans; Soymeal, 46%, Wpg; Peas, #2 Yellow.

This dataset contains information on planted and harvested acreage of five varieties of wheat, including hard red winter, hard red spring, soft red winter, white, and durum and rye. The estimation of the production, yields and farm prices have also been included in this dataset.

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.

This table contains weekly and monthly average prices for different Manitoba crops. Prices are based on weekly surveys of grain buyers' pricing as well as other publicly available market sources. The table contains prices for current and previous years, as well as five-year average weekly and monthly prices. Each weekly dataset contains prices on the sales that occurred from Friday to Thursday. The monthly price represents a simple average of the corresponding weekly prices. For more information on major crops in Manitoba please visit ARD Livestock Markets and Statistics website. This table is used in the Manitoba Crop Prices and Manitoba Crop Prices Current year dashboards. Fields included [Alias (Field name): Field description]

Period (Period): Period of time to be presented on charts from the selection of Monthly and Weekly. PeriodNo (PeriodNo): Serial number of period (1-12 for monthly presentation, 1-52 for weekly presentation) – For weekly presentation, each week contains prices on sales that occurred from Friday to Thursday (e.g., Week 1 of 2021 represents sales between Friday, Jan. 1, 2021 and Thursday, Jan. 7, 2021, with the corresponding report published by the department on Friday, Jan. 8, 2021). For monthly presentation, each month contain a simple average price of weeks, which had more than two days of corresponding month in the period from Monday to Frida (e.g., i.e. if the first day of month is Monday, Tuesday or Wednesday, monthly average includes this week. But if the first day of month is Thursday or Friday, the weekly prices are included in monthly average prices of a pervious month). Crop Category (Crop): Category of grains and oilseeds from the selection of:

Wheat, Northern Hard Red; Wheat, Western Red Spring; Wheat, Red Winter; Wheat, Special Purpose (Low Vomi); Barley, #1CW; Corn, #2; Oats, #2CW; Flaxseed, #1CW; Canola, #1CR; Canola Meal, 34%, Altona; Soybeans; Soymeal, 46%, Wpg; Peas, #2 Yellow; Wheat, Western Red Spring;

Previous Year Price (Previous): Crop price in corresponding period of previous year, in C$ per tonne. Current Year Price (Current): Crop price in corresponding period of current year, in C$ per tonne. 5-Year Average Price (Average5): Crop price in corresponding period averaged over last five years (excluding current year), in C$ per tonne

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Wheat Market Size 2025-2029

The wheat market size is valued to increase USD 87.6 billion, at a CAGR of 4.6% from 2024 to 2029. Growing vegan population will drive the wheat market.

Major Market Trends & Insights

APAC dominated the market and accounted for a 49% growth during the forecast period.
By Application - Human segment was valued at USD 250.00 billion in 2023
By Type - Hard red winter segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 41.69 billion
Market Future Opportunities: USD 87.60 billion
CAGR from 2024 to 2029 : 4.6%

Market Summary

The market encompasses the production, processing, and distribution of this essential agricultural commodity. Key technologies and applications, such as genetically modified wheat and biofortified wheat, are driving innovation in the sector. The retail sector is witnessing significant growth, with an increasing number of stores offering organic wheat-based supplements catering to health-conscious consumers. Regulatory frameworks, including the European Union's Common Agricultural Policy, play a crucial role in shaping market dynamics. Climate change and unpredictable weather patterns pose challenges, with the United Nations estimating that 10% of global wheat production is at risk due to extreme weather events.
Despite these challenges, the market continues to evolve, with the growing vegan population presenting a significant opportunity for plant-based food and beverage manufacturers. According to a recent report, the organic market is projected to grow at a steady rate, reaching a 5% market share by 2026.

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

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How is the Wheat Market Segmented?

The wheat industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Application

  Human
  Feed


Type

  Hard red winter
  Hard red spring
  Soft red winter
  Others


Distribution Channel

  Direct sales (B2B)
  Retail stores
  Online platforms


Geography

  North America

    US


  Europe

    France
    Germany
    Russia
    UK


  APAC

    China
    India
    Indonesia
    Pakistan
    South Korea


  Rest of World (ROW)

By Application Insights

The human segment is estimated to witness significant growth during the forecast period.

Wheat, a vital cereal grain, is a significant source of carbohydrates, primarily in the form of starch, for both human consumption and industrial applications. Beyond its carbohydrate content, wheat offers essential nutrients such as protein, vitamins, soluble fiber, and phytochemicals. Consequently, wheat-based foods are widely consumed in various countries and used in industries to produce refined wheat flour, pasta, noodles, beverages, and more. In the agricultural sector, ongoing research focuses on enhancing wheat production through various methods. For instance, plant biomass accumulation is optimized through efficient nitrogen fixation and phosphorus uptake. Fungal biocontrol agents and bacterial biofertilizers are employed to promote soil health and nutrient cycling.

Precision Farming techniques, such as root system architecture analysis and potassium availability monitoring, contribute to crop yield optimization. Additionally, researchers explore the potential of plant growth regulators, microbial inoculants, humic acid fertilizer, and other sustainable agriculture practices to improve yield and grain quality parameters. Disease resistance mechanisms, photosynthetic efficiency, and abiotic stress mitigation strategies are also crucial areas of research to ensure consistent production and maintain high-quality grains. The market is experiencing dynamic growth, with spike density increasing by 15% in recent years. The industry anticipates further expansion, with a projected 20% rise in demand for wheat-based products due to population growth and changing consumer preferences.

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The Human segment was valued at USD 250.00 billion in 2019 and showed a gradual increase during the forecast period.

Moreover, advancements in technology, such as herbicide tolerance levels and tillering capacity, are driving innovation and improving crop stress tolerance. The ongoing research and development efforts aim to address challenges such as biotic stress management, nutrient use efficiency, and grain filling duration. By focusing on these areas, the industry is working to enhance the harvest index, improve yield, and ensure a sustainable and efficient wheat production process.

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Regional Analysis

APAC is estimated to contribute 49% to the growth of the global mark

United States - Producer Price Index by Commodity: Farm Products: Soft Red Winter Wheat was 144.36200 Index 1982=100 in August of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Farm Products: Soft Red Winter Wheat reached a record high of 356.80000 in March of 2008 and a record low of 35.20000 in September of 1968. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Commodity: Farm Products: Soft Red Winter Wheat - last updated from the United States Federal Reserve on November of 2025.

Explore the factors influencing Kansas City wheat prices in 2023, including weather impacts, geopolitical tensions, and global demand shifts. Understand how these elements affect Hard Red Winter wheat futures, key for farmers, traders, and policymakers navigating this complex commodities market.

The data shows grain prices at select inland origin points and export destination ports and the price spread between them. More specifically, this dataset compares interior prices of corn in Illinois and Nebraska with the Gulf; Iowa and Gulf soybean prices; Kansas and Gulf hard red winter wheat; and North Dakota and Portland hard red spring wheat.

Manitoba market crop prices, based on weekly surveys of grain buyers' pricing This table contains weekly and monthly average prices for different Manitoba crops. Prices are based on weekly surveys of grain buyers' pricing as well as other publicly available market sources. The table contains prices for current and previous years, as well as five-year average weekly and monthly prices. Each weekly dataset contains prices on the sales that occurred from Friday to Thursday. The monthly price represents a simple average of the corresponding weekly prices. For more information on major crops in Manitoba please visit ARD Livestock Markets and Statistics website. This table is used in the Manitoba Crop Prices and Manitoba Crop Prices Current year dashboards. Fields included [Alias (Field name): Field description] Period (Period): Period of time to be presented on charts from the selection of Monthly and Weekly. PeriodNo (PeriodNo): Serial number of period (1-12 for monthly presentation, 1-52 for weekly presentation) – For weekly presentation, each week contains prices on sales that occurred from Friday to Thursday (e.g., Week 1 of 2021 represents sales between Friday, Jan. 1, 2021 and Thursday, Jan. 7, 2021, with the corresponding report published by the department on Friday, Jan. 8, 2021). For monthly presentation, each month contain a simple average price of weeks, which had more than two days of corresponding month in the period from Monday to Frida (e.g., i.e. if the first day of month is Monday, Tuesday or Wednesday, monthly average includes this week. But if the first day of month is Thursday or Friday, the weekly prices are included in monthly average prices of a pervious month). Crop Category (Crop): Category of grains and oilseeds from the selection of: Wheat, Northern Hard Red; Wheat, Western Red Spring; Wheat, Red Winter; Wheat, Special Purpose (Low Vomi); Barley, #1CW; Corn, #2; Oats, #2CW; Flaxseed, #1CW; Canola, #1CR; Canola Meal, 34%, Altona; Soybeans; Soymeal, 46%, Wpg; Peas, #2 Yellow; Wheat, Western Red Spring; Previous Year Price (Previous): Crop price in corresponding period of previous year, in C$ per tonne. Current Year Price (Current): Crop price in corresponding period of current year, in C$ per tonne. 5-Year Average Price (Average5): Crop price in corresponding period averaged over last five years (excluding current year), in C$ per tonne

This table contains weekly and monthly prices for different crops, based on weekly surveys of grain buyers' pricing, as well as other publicly available market sources. The table contains prices for the current and nine previous years. Each weekly dataset contains prices on the sales that occurred from Friday to Thursday. The monthly price represents a simple average of the corresponding weekly prices. For more information on major crops in Manitoba please visit ARD Livestock Markets and Statistics. This table is used in the Manitoba Crop Prices Historical dashboard. Fields included [Alias (Field name): Field description]

Year (Year): Year from the selection of last 10 years including current year Period (Period): Period of time to be presented on charts from the selection of Monthly and Weekly PeriodNo (PeriodNo): Serial number of period (1-12 for monthly presentation, 1-52 for weekly presentation). For weekly presentation, each week contains prices on sales that occurred from Friday to Thursday (e.g., Week 1 of 2021 represents sales between Friday, Jan. 1, 2021 and Thursday, Jan. 7, 2021, with the corresponding report published by the department on Friday, Jan. 8, 2021). For monthly presentation, each month contains simple average prices of weeks, which had more than two days of corresponding month in the period from Monday to Friday (e.g., if the first day of the month is Monday, Tuesday or Wednesday, monthly average includes this week; but if the first day of the month is Thursday or Friday, the weekly prices are included in monthly average prices of a previous month). Price (Price): Crop price for the corresponding period of time, in C$ per tonne Crop Category (Crop): Category of grains and oilseeds from the selection of:

Wheat, Northern Hard Red; Wheat, Western Red Spring; Wheat, Red Winter; Wheat, Special Purpose (Low Vomi); Barley, #1CW; Corn, #2; Oats, #2CW; Flaxseed, #1CW; Canola, #1CR; Canola Meal, 34%, Altona; Soybeans; Soymeal, 46%, Wpg; Peas, #2 Yellow.