Wheat fell to 562.25 USd/Bu on July 3, 2025, down 0.31% from the previous day. Over the past month, Wheat's price has risen 3.50%, but it is still 4.78% lower than a year ago, 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.

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.

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

Today, the prices of US wheat have experienced some fluctuations in the market. The wheat market is influenced by a variety of factors including supply and demand, weather conditions, global economic trends, and government policies. The current market price for US wheat is $5.50 per bushel, but prices are subject to change based on various factors.

The price of US wheat is influenced by supply and demand, weather conditions, global economic trends, and government policies. Changes in global wheat production, consumption, and trade can impact the supply and demand balance and therefore influence prices. Weather events such as drought or excessive rainfall can reduce crop yields and quality, leading to supply disruptions and higher prices. Economic factors like changes in exchange rates and interest rates can impact the demand for wheat. Government poli

Prices are a fundamental component of exchange and have long been important to the functioning of agricultural markets. Grain prices are closely related to grain transportation, where the supply and demand for grain simultaneously determines both the price of grain, as well as the demand for grain transportation.

This data has corn, soybean, and wheat prices 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.

The data come from three sources: USDA-AMS Market News price reports, GeoGrain, and U.S. Wheat Associates. Links are included below. GeoGrain offers granular data for purchase. The GeoGrain data here is an average of those granular prices for a given state (and the "Southeast" region, which combines Arkansas, Mississippi, and Alabama).

This is one of three companion datasets. The other two are grain basis (https://agtransport.usda.gov/d/v85y-3hep) 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).

Explore the intricate factors influencing U.S. wheat prices in 2023, including domestic production levels, global demand, weather conditions, geopolitical tensions, and economic policies. Learn how shifts in these variables shape market trends and impact stakeholders in agriculture and beyond.

This statistic shows the ten U.S. states with the highest average price for a bushel of wheat in 2020. According to the report, Arizona had an average price of 6.55 U.S. dollars per bushel of wheat that year.

The price of US wheat per bushel is influenced by various factors, including supply and demand dynamics, weather conditions, global production, trade policies, and market speculation. This article explores the factors impacting wheat prices and highlights the role of global supply and demand, trade policies, and market speculation. It emphasizes the importance of understanding these factors for farmers, traders, and consumers to make informed decisions about wheat production, trading, and consumption.

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

Learn about the factors that influence the price of wheat per kg, including supply and demand, production levels, market conditions, and global trade dynamics. Discover the impact of domestic and international factors, such as production levels, weather conditions, trade policies, and global demand. Understand how market conditions, economic factors, and government policies contribute to price fluctuations. Get insights into the average price of wheat in the United States and the importance of referring to

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 Q1 2025, the U.S. wheat market experienced notable price fluctuations shaped by shifting global dynamics and domestic supply-demand trends. January began with a slight price decline, largely driven by weak international demand and heightened competition from alternative suppliers. A stronger dollar and volatile freight rates further discouraged exports, while rising winter wheat acreage and stable domestic production tempered market sentiment. Export activity remained limited as buyers engaged in minimal, need-based purchases.

Graph and download economic data for Producer Price Index by Commodity: Farm Products: Wheat (WPU012101) from Jul 1991 to May 2025 about wheat, agriculture, commodities, PPI, inflation, price index, indexes, price, and USA.

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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.
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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

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

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

The North America Wheat Market Report Includes Production Analysis (Volume), Consumption Analysis (Value and Volume), Import Analysis (Value and Volume), Export Analysis (Value and Volume), and Price Trend Analysis. The Market is Segmented by Country (United States, Canada, and Mexico). The Report Offers the Market Size and Forecasts Regarding Volume (Metric Tons) and Value (USD) for all the Above Segments.

For more information, please see the Import/Export Price Indexes web site at https://www.bls.gov/mxp/

Graph and download economic data for Wholesale Price of Wheat, Chicago; Six Markets for Chicago, IL (M04F1BUS16980M260NNBR) from Jan 1938 to Aug 1952 about wheat, Chicago, wholesale, IL, price, and USA.