Wheat rose to 514.98 USd/Bu on October 3, 2025, up 0.05% from the previous day. Over the past month, Wheat's price has risen 2.53%, but it is still 12.68% 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 October of 2025.

The dataset contains daily price ranges calculated from the daily high and low prices for Chicago Wheat, Corn, and Oats futures contracts, starting in 1877. The data is manually extracted from the ``Annual Reports of the Trade and Commerce of Chicago'' (today, the Chicago Board of Trade, CBOT, which is part of the CME group).

The price range is calculated as Range_t = ln(H_t) - ln(L_t), where H_t and L_t are the highest and lowest price observed on trading day t.

Description of the dataset:

• Date: The trading day, format dd-mm-yyyy
• Range_W_F1: Price range Wheat futures, First expiration (nearby contract)
• Range_W_F2: Price range Wheat futures, Second expiration
• Range_C_F1: Price range Corn futures, First expiration (nearby contract)
• Range_C_F2: Price range Corn futures, Second expiration
• Range_O_F1: Price range Oats futures, First expiration (nearby contract)
• Range_O_F2: Price range Oats futures, Second expiration

Wheat futures rebounded early Friday, supported by USDA export sales data and strong global demand, with key wheat contracts showing gains.

Analysis of the recent surge in wheat futures, driven by speculative short-covering and strong export sales data, with a look ahead at influential weather patterns.

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

Winter wheat futures declined as markets reacted to mixed performance and anticipated USDA data. Global demand remains volatile amid shifting trade dynamics.

United States Turnover: CBOT: Agricultural Futures: Wheat data was reported at 3,415,945.000 Contract in Oct 2018. This records an increase from the previous number of 2,831,916.000 Contract for Sep 2018. United States Turnover: CBOT: Agricultural Futures: Wheat data is updated monthly, averaging 594,842.500 Contract from Jan 1985 (Median) to Oct 2018, with 406 observations. The data reached an all-time high of 5,870,011.000 Contract in Aug 2018 and a record low of 103,067.000 Contract in Dec 1986. United States Turnover: CBOT: Agricultural Futures: Wheat data remains active status in CEIC and is reported by CME Group. The data is categorized under Global Database’s United States – Table US.Z021: CBOT: Futures: Turnover.

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.

China Settlement Price: ZCE: Common Wheat: 4th Month data was reported at 3,122.000 RMB/Ton in 13 May 2025. This stayed constant from the previous number of 3,122.000 RMB/Ton for 12 May 2025. China Settlement Price: ZCE: Common Wheat: 4th Month data is updated daily, averaging 2,480.000 RMB/Ton from Sep 2003 (Median) to 13 May 2025, with 5269 observations. The data reached an all-time high of 3,145.000 RMB/Ton in 10 Jun 2022 and a record low of 1,986.000 RMB/Ton in 10 May 2010. China Settlement Price: ZCE: Common Wheat: 4th Month data remains active status in CEIC and is reported by Zhengzhou Commodity Exchange. The data is categorized under High Frequency Database’s Commodity Prices and Futures – Table CN.ZB: Zhengzhou Commodity Exchange: Commodity Futures: Settlement Price: Daily.

United States Open Interest: CBOT: Agricultural Futures: Wheat data was reported at 728,552.000 Contract in Nov 2018. This records a decrease from the previous number of 898,278.000 Contract for Oct 2018. United States Open Interest: CBOT: Agricultural Futures: Wheat data is updated monthly, averaging 349,250.000 Contract from Jan 1996 (Median) to Nov 2018, with 275 observations. The data reached an all-time high of 898,278.000 Contract in Oct 2018 and a record low of 56,932.000 Contract in Nov 1996. United States Open Interest: CBOT: Agricultural Futures: Wheat data remains active status in CEIC and is reported by CME Group. The data is categorized under Global Database’s United States – Table US.Z022: CBOT: Futures: Open Interest.

China Settlement Price: ZCE: Common Wheat: 1st Month data was reported at 3,122.000 RMB/Ton in 13 May 2025. This stayed constant from the previous number of 3,122.000 RMB/Ton for 12 May 2025. China Settlement Price: ZCE: Common Wheat: 1st Month data is updated daily, averaging 2,412.000 RMB/Ton from Sep 2003 (Median) to 13 May 2025, with 5269 observations. The data reached an all-time high of 3,199.000 RMB/Ton in 26 May 2022 and a record low of 1,814.000 RMB/Ton in 11 Jun 2010. China Settlement Price: ZCE: Common Wheat: 1st Month data remains active status in CEIC and is reported by Zhengzhou Commodity Exchange. The data is categorized under High Frequency Database’s Commodity Prices and Futures – Table CN.ZB: Zhengzhou Commodity Exchange: Commodity Futures: Settlement Price: Daily.

Analysis of the sharp decline in wheat futures trading volume to 16,282 contracts, contrasting with rising open interest and ongoing global supply concerns.

Corn rose to 422.35 USd/BU on October 3, 2025, up 0.14% from the previous day. Over the past month, Corn's price has risen 5.65%, but it is still 0.56% lower than a year ago, 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 October of 2025.

Retail Sales Nowcast: YoY: Contribution: Agriculture Price: Wheat Futures: Strong: China: Zhengzhou Commodity Exchange: Closing Price: 1st Month data was reported at 0.000 % in 12 May 2025. This stayed constant from the previous number of 0.000 % for 05 May 2025. Retail Sales Nowcast: YoY: Contribution: Agriculture Price: Wheat Futures: Strong: China: Zhengzhou Commodity Exchange: Closing Price: 1st Month data is updated weekly, averaging 0.084 % from Feb 2021 (Median) to 12 May 2025, with 224 observations. The data reached an all-time high of 8.428 % in 01 Apr 2024 and a record low of 0.000 % in 12 May 2025. Retail Sales Nowcast: YoY: Contribution: Agriculture Price: Wheat Futures: Strong: China: Zhengzhou Commodity Exchange: Closing Price: 1st Month data remains active status in CEIC and is reported by CEIC Data. The data is categorized under Global Database’s China – Table CN.CEIC.NC: CEIC Nowcast: Retail Sales.

Replication data for "Trade policy announcements can increase price volatility in global food commodity markets":

• Original dataset on trade policy announcements from 2005 to 2017 for wheat and maize (corn) (details in codebook)
• Daily price ranges based on the highest and lowest price recorded for wheat and corn futures (traded at the Chicago Board of Trade, CBOT)
• Stocks-to-use data for the United States, which is compiled by the United States Department for Agriculture (USDA) and available at monthly frequency from their World Supply and Demand Estimates report

This data set contains Ontario wheat grain prices collected by University of Guelph, Ridgetown Campus. The dataset includes daily prices of agricultural commodities at individual elevators in Ontario. Daily highs and lows are given for each commodity, as well as, daily Bank of Canada exchange rates.This dataset includes data from January 1, 2024 to December 31, 2024.

China Open Position: ZCE: Wheat: Common data was reported at 0.000 Lot in 13 May 2025. This stayed constant from the previous number of 0.000 Lot for 12 May 2025. China Open Position: ZCE: Wheat: Common data is updated daily, averaging 14.000 Lot from Sep 2003 (Median) to 13 May 2025, with 5269 observations. The data reached an all-time high of 12,470.000 Lot in 02 Aug 2011 and a record low of 0.000 Lot in 13 May 2025. China Open Position: ZCE: Wheat: Common data remains active status in CEIC and is reported by Zhengzhou Commodity Exchange. The data is categorized under High Frequency Database’s Commodity Prices and Futures – Table CN.ZB: Zhengzhou Commodity Exchange: Commodity Futures: Open Position: Daily.

Analysis of Tuesday's mixed close for wheat futures, including USDA harvest progress and global export estimates from Russia and the EU.

United States - Producer Price Index by Commodity: Farm Products: Wheat was 147.99300 Index 1982=100 in July of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Farm Products: Wheat reached a record high of 347.30000 in March of 2008 and a record low of 34.10000 in August 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: Wheat - last updated from the United States Federal Reserve on September of 2025.

Wheat futures extended losses on major US exchanges, with spring wheat leading the decline. The bearish sentiment is driven by anticipation of export data and revised harvest forecasts from Ukraine and Canada, impacting global supply dynamics.