Wheat fell to 516.75 USd/Bu on August 1, 2025, down 1.24% from the previous day. Over the past month, Wheat's price has fallen 8.38%, and is down 4.13% 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 August 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.

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.

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 Producer Price Index by Commodity: Farm Products: Soft Red Winter Wheat (WPU01210104) from Jan 1947 to Jun 2025 about wheat, agriculture, commodities, PPI, inflation, price index, indexes, price, and USA.

Learn about the factors that can influence the price per bushel of winter wheat, including supply and demand, market conditions, weather patterns, and government policies. Stay informed on market trends to make informed decisions and manage risks effectively.

The producer prices of winter wheat in Sweden fluctuated from 2010 to 2022. In 2022, the producer price of winter wheat in Sweden amounted to around *** Swedish kronor per hundred kilograms.

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.

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.

Why did the Wheat Price Change in July 2025? The Price Index for Wheat in the United States saw a reversal in July 2025, declining from the June level of USD 225/MT amid shifting market fundamentals and improved supply visibility.

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.

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.

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.

Snapshot img

Wheat Market Size 2025-2029

The wheat market size is forecast to increase by USD 87.6 billion at a CAGR of 4.6% between 2024 and 2029.

The market is experiencing significant shifts driven by several key trends and challenges. The growing vegan population represents a notable trend, as an increasing number of consumers adopt plant-based diets, leading to a higher demand for wheat-based food products and supplements. Simultaneously, the expansion of retail stores offering organic wheat-based supplements caters to the health-conscious consumer segment, further fueling market growth. The market plays a significant role in the global food industry, with its production and consumption influencing various sectors such as food manufacturing, food retail, and food service. However, the market faces challenges due to climate change and unpredictable weather patterns. Extreme weather conditions, such as droughts and heavy rainfall, can negatively impact wheat production, leading to supply chain disruptions and price volatility.
These challenges necessitate strategic planning and adaptability from market players to ensure a consistent supply of high-quality wheat products and maintain competitiveness. Companies seeking to capitalize on market opportunities and navigate challenges effectively must focus on innovation, sustainability, and risk management strategies. Durum wheat, a key component in pasta and craft beer production, is also gaining attention, and will subsequently help with market expansion in the coming years. 

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

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
Request Free Sample

The market encompasses various aspects, including gluten-free wheat, grain drying, and farming practices. Farmers employ precision agriculture to optimize wheat production, while grain drying ensures optimal moisture levels before storage in silos. Flour fortification enhances nutritional value, and flour milling technology, such as roller mills and stone mills, transforms wheat into various products like pasta and bread. Grain transportation and handling are crucial components, with grain elevators facilitating efficient movement. Grain inspection ensures grain quality, and certification guarantees adherence to industry standards. Wheat-based products, including bakery items, require careful flour blending and gluten content control. Wheat industry trends lean towards organic and non-GMO production, sustainability, and innovation in flour milling technology. The market is expected to witness notable expansion due to its increasing use in various industries, including food and animal feed.
Grain cleaning and grain storage are essential for maintaining grain quality and mitigating wheat price volatility. Pastry making and bread making continue to be significant applications, with the bakery industry driving demand for high-quality wheat and flour. Flour milling technology advances, such as grain inspection and grain handling systems, contribute to improved grain quality control. The market outlook remains positive, with ongoing research and development in wheat farming practices and wheat substitutes.

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 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 significant global staple food, is renowned for its high carbohydrate content, primarily in the form of starch. Beyond its carbohydrate value, wheat offers essential nutrients, including protein, vitamins, soluble fiber, and phytochemicals. Consequently, wheat-based foods are popular worldwide, catering to both human consumption and industrial applications. These include refined wheat flour, pasta, noodles, beverages like wheat beer and malted milk, and various other processed goods. Wheat farming involves the use of fertilizers, herbicides, and water for optimal growth. Diseases and pests pose challenges to production, necessitating ongoing research and innovation. Winter and spring wheat varieties are cultivated, with spring wheat being more commonly used for food products due to its higher protein content.

Wheat proce

Explore the multifaceted factors affecting winter wheat prices, including weather, global demand, geopolitics, and economic indicators, crucial for informed agricultural investment decisions.

Canadian wheat farms have grown despite considerable economic volatility through the end of 2024. The industry is highly globalized and reliant on trade, which has improved following the dismantling of the Canadian Wheat Board in 2012; the board had restricted the marketing freedom of farms. Demand for Canadian wheat abroad has risen because of its reputation for high quality. Favourable price increases driven by world wheat prices have improved farm revenue and profitability. Improved trade ties with emerging economies have also aided growth by helping farmers tap into demand from new markets. Wheat farming revenue is expected to climb at a CAGR of 4.7% to an estimated $16.2 billion through the end of 2024, despite a decrease of 2.5% in 2024 because of waning wheat demand. Strong wheat prices have been the primary driver of revenue growth in recent years. The world price of wheat grew by a staggering 43.3% in 2021, followed by 35.5% in 2022, as global supply levels contracted. Canadian wheat prices surged the same year amid an intense drought that cut crop yields, making wheat a rare commodity. Strong revenue growth, combined with technological advancements, has enabled profit expansion for Canada's wheat farmers. Moving forward, a continued gain in the world price of wheat, counteracted some by flagging demand, will drag down revenue growth. Exports will continue to expand, albeit at a slower pace, as external competition from other grains and wheat production in other countries intensifies. Uncertainty regarding global wheat yields will also pose a threat to Canadian wheat farmers. Wheat is susceptible to various weather changes, meaning that industry performance can be drastically disrupted at any time. Revenue is expected to climb at a CAGR of 0.8% to $16.8 billion through the end of 2029.

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.

United States - Producer Price Index by Commodity: Farm Products: Hard Red Winter Wheat was 138.65100 Index 1982=100 in June 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 July of 2025.

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 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.