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.

Wheat rose to 534.93 USd/Bu on July 1, 2025, up 1.17% from the previous day. Over the past month, Wheat's price has fallen 0.75%, and is down 7.93% 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.

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.

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

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).

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.

This data product provides three Excel file spreadsheet models that use futures prices to forecast the U.S. season-average price received and the implied CCP for three major field crops (corn, soybeans, and wheat).

Using Futures Prices to Forecast the Season-Average Price and Counter-Cyclical Payment Rate for Corn, Soybeans, and Wheat

Farmers and policymakers are interested in the level of counter-cyclical payments (CCPs) provided by the 2008 Farm Act to producers of selected commodities. CCPs are based on the season-average price received by farmers. (For more information on CCPs, see the ERS 2008 Farm Bill Side-By-Side, Title I: Commodity Programs.)

This data product provides three Excel spreadsheet models that use futures prices to forecast the U.S. season-average price received and the implied CCP for three major field crops (corn, soybeans, and wheat). Users can view the model forecasts or create their own forecast by inserting different values for futures prices, basis values, or marketing weights. Example computations and data are provided on the Documentation page.

Spreadsheet Models

For each of the three major U.S. field crops, the Excel spreadsheet model computes a forecast for:

1. the national-level season-average price received by farmers and
2. the implied counter-cyclical payment rate.

Note: the model forecasts are not official USDA forecasts. See USDA's World Agricultural Supply and Demand Estimates for official USDA season-average price forecasts. See USDA's Farm Service Agency information for official USDA CCP rates.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: Webpage with links to Excel files For complete information, please visit https://data.gov.

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.

A "spread" can have multiple meanings, but it generally implies a difference between two comparable measures. These can be differences across space, across time, or across anything with a similar attribute. For example, in the stock market, there is a spread between the highest price a buyer is willing to pay and the lowest price a seller is willing to accept.

In this dataset, spread refers to differences in prices between two locations, an origin (e.g., Illinois, Iowa, etc.) and a destination (e.g., Louisiana Gulf, Pacific Northwest, etc.). Mathematically, it is the destination price minus the origin price.

Price spreads are closely linked to transportation. They tend to reflect the costs of moving goods from one point to another, all else constant. Fluctuations in spreads can change the flow of goods (where it may be more profitable to ship to a different location), as well as indicate changes in transportation availability (e.g., disruptions). For more information on how price spreads are linked to transportation, see the story, "Grain Prices, Basis, and Transportation" (https://agtransport.usda.gov/stories/s/sjmk-tkh6).

This is one of three companion datasets. The other two are grain prices (https://agtransport.usda.gov/d/g92w-8cn7) and grain basis (https://agtransport.usda.gov/d/v85y-3hep). 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, and there needs to be both an origin and a destination to have a price spread).

The origin and destination prices come from the grain prices dataset.

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

Table 2: Market Update: U.S. Origins to Export Position Price Spreads ($/bushel)

The Price Discovery is a web based tool that allows users to view pricing information for the following crops covered by the Common Crop Insurance and the Area Risk Protection policies: barley, canola (including rapeseed), corn, cotton, grain sorghum, rice, soybeans, sunflowers, and wheat, and coverage prices, rates and actual ending values for the Livestock Risk Protection program, and expected and actual gross margin information for the Livestock Gross Margin program.

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.

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.

The decline in revenue for industry farmers during the current period has primarily been driven by high global stocks and fierce international competition, compounded by climate volatility and challenging trade dynamics. High stocks of wheat and coarse grains are pressuring prices downward despite record domestic food use and demand for animal feed. Intense export competition from regions like the EU, Russia and Canada exacerbates this issue, making it difficult for US producers to maintain profit. Compounding the problem are climate and weather volatility, with increased instances of droughts and heat waves reducing yields and hindering production. Trade headwinds, including retaliatory tariffs and a strong US dollar, are also constraining exports, diminishing the competitiveness of US grain globally. Overall, industry revenue has dropped at a CAGR of 1.2% since 2020 to reach an expected $13.2 billion after a decrease of 6.3% in 2025. In addition to these external pressures, input costs remain a significant challenge for industry farmers. The persistently strong prices for fertilizers, pesticides and seeds, alongside increased agricultural wages and labor shortages, have elevated production expenses, straining profit as grain prices drop. Smaller and mid-sized farms are particularly affected, facing negative returns and low cash receipts. Some operations may be forced into consolidation if they are unable to absorb high costs. While some input prices, such as fuel and agrochemicals, have eased from huge spikes earlier in the current period, overall expenses continue to surpass commodity prices, eroding financial stability and forcing many producers to seek USDA program assistance to mitigate these challenges. Looking ahead, the wheat, barley, sorghum, oats and rye farming sector is expected to gradually recover as global stocks stabilize and demand grows, expanding at a CAGR of 0.9% to reach $13.8 billion in 2030. Easing supply chain disruptions and stabilizing input costs are expected to support this recovery. Future weakening of the US dollar stands to improve export competitiveness, offering some optimism for US producers. However, the recovery will vary across segments, with those benefiting from strong domestic demand or value-added products rebounding more quickly than those reliant on bulk exports.

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

This product summarizes fertilizer consumption in the United States by plant nutrient and major fertilizer products—as well as consumption of mixed fertilizers, secondary nutrients, and micronutrients—for 1960 through the latest year for which statistics are available. The share of planted crop acreage receiving fertilizer, and fertilizer applications per receiving acre (by nutrient), are presented for major producing States for corn, cotton, soybeans, and wheat (data on nutrient consumption by crop start in 1964). Fertilizer farm prices and indices of wholesale fertilizer prices are also available.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: Data file For complete information, please visit https://data.gov.

This timeline depicts the retail price of whole wheat bread in the United States from 1995 to 2024. In 2024, the U.S. price for one pound of whole wheat bread amounted to 2.8 U.S. dollars, an increase of over 33 percent compared to December 2021.

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

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