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

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.

Wheat fell to 539.78 USd/Bu on July 24, 2025, down 0.13% from the previous day. Over the past month, Wheat's price has risen 2.18%, and is up 0.38% 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.

This statistic shows the average price per tonne of wheat in the United Kingdom (UK) between 2002 and 2015 by year, according to published agricultural and commodity price figures. In 2012, the price of wheat was 179.26 British Pound Sterling (GBP) per tonne.

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.

The FAO Food Price Index (FFPI) averaged 124.9 points in January 2025, down 2.1 points from December 2024. The highest value for the index in the past 23 years was reached in March 2022. However, the rate of food price increases has been decreasing since.

Food prices worldwide The annual FAO Food Price Index (FFPI) by category shows that the price of vegetable oils grew by a particularly large margin. One of the factors that influenced the spike in oil prices worldwide during 2020 and 2021 were the supply-chain disruptions during the COVID-19 pandemic. Moreover, after the war in Ukraine, shipping costs and grain prices also had a noticeable impact on global food prices. Global food prices are calculated to have increased by 3.68 percent, due to changes in shipping costs and grain prices. The European Union (EU) has experienced a particularly high increase in the annual consumer prices for food and non-alcoholic beverages, as compared to other selected countries worldwide. Inflation in Europe

The inflation rate for food in the EU grew from 0.2 percent in May 2021 to 19.2 percent in March 2023, as compared to the same month in the previous year. In the following months, the food inflation started decreasing again, reaching 1.86 percent in April 2024. The overall inflation rate in the Euro area reached its peak in December 2022 at 9.2 percent. The rate has since fallen to 2.4 percent in December 2024. As measured by the Harmonized Index of Consumer Prices (HICP), inflation rates in Europe were highest in Turkey, North Macedonia, and Romania as of December 2024.

Indonesia Average Rural Consumer Price: Wheat Flour: Bali data was reported at 9,656.000 IDR/kg in Dec 2018. This stayed constant from the previous number of 9,656.000 IDR/kg for Nov 2018. Indonesia Average Rural Consumer Price: Wheat Flour: Bali data is updated monthly, averaging 8,225.500 IDR/kg from Jan 2008 (Median) to Dec 2018, with 132 observations. The data reached an all-time high of 9,760.000 IDR/kg in Nov 2016 and a record low of 6,478.000 IDR/kg in Jan 2008. Indonesia Average Rural Consumer Price: Wheat Flour: Bali data remains active status in CEIC and is reported by Central Bureau of Statistics. The data is categorized under Indonesia Premium Database’s Prices – Table ID.PE006: Average Rural Consumer Price: By Province: Prepared Food Product: Wheat Flour.

United States - Producer Price Index by Commodity: Farm Products: Wheat was 147.54800 Index 1982=100 in May 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 July of 2025.

Indonesia Average Rural Consumer Price: Wheat Flour data was reported at 9,364.000 IDR/kg in Dec 2018. This records an increase from the previous number of 9,289.000 IDR/kg for Nov 2018. Indonesia Average Rural Consumer Price: Wheat Flour data is updated monthly, averaging 8,753.500 IDR/kg from Jan 2008 (Median) to Dec 2018, with 132 observations. The data reached an all-time high of 9,466.000 IDR/kg in Dec 2016 and a record low of 7,328.000 IDR/kg in Jan 2008. Indonesia Average Rural Consumer Price: Wheat Flour data remains active status in CEIC and is reported by Central Bureau of Statistics. The data is categorized under Indonesia Premium Database’s Prices – Table ID.PE002: Average Rural Consumer Price: Prepared Food Product.

In fiscal year 2024, the procurement price of wheat across India was over 2,275 Indian rupees per quintal. This was an increase compared to the previous year's procurement price. During fiscal year 2023, the export value of wheat from the south Asian nation amounted to over 1,519 million U.S. dollars.

The revenue of the wheat market in Albania amounted to $X in 2018, rising by X% against the previous year. Over the period under review, wheat consumption, however, continues to indicate a drastic descent. The pace of growth was the most pronounced in 2015 when the market value increased by X% against the previous year. Wheat consumption peaked at $X in 2008; however, from 2009 to 2018, consumption remained at a lower figure.

The revenue of the wheat market in Cyprus amounted to $X in 2018, dropping by -X% against the previous year. Overall, wheat consumption, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 when the market value increased by X% year-to-year. Wheat consumption peaked at $X in 2017, and then declined slightly in the following year.

The revenue of the wheat market in Chad amounted to $X in 2018, falling by -X% against the previous year. Over the period under review, wheat consumption continues to indicate an abrupt decline. The most prominent rate of growth was recorded in 2016 with an increase of X% y-o-y. Chad wheat consumption peaked at $X in 2008; however, from 2009 to 2018, consumption remained at a lower figure.

Indonesia Average Rural Consumer Price: Wheat Flour: Central Java data was reported at 7,987.000 IDR/kg in Dec 2018. This records an increase from the previous number of 7,962.000 IDR/kg for Nov 2018. Indonesia Average Rural Consumer Price: Wheat Flour: Central Java data is updated monthly, averaging 7,497.500 IDR/kg from Jan 2008 (Median) to Dec 2018, with 132 observations. The data reached an all-time high of 8,002.000 IDR/kg in Nov 2015 and a record low of 6,789.000 IDR/kg in Jan 2008. Indonesia Average Rural Consumer Price: Wheat Flour: Central Java data remains active status in CEIC and is reported by Central Bureau of Statistics. The data is categorized under Indonesia Premium Database’s Prices – Table ID.PE006: Average Rural Consumer Price: By Province: Prepared Food Product: Wheat Flour.

The revenue of the wheat market in Swaziland amounted to $X in 2018, shrinking by -X% against the previous year. Over the period under review, wheat consumption continues to indicate an abrupt drop. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Wheat consumption peaked at $X in 2007; however, from 2008 to 2018, consumption remained at a lower figure.

United States - Producer Price Index by Commodity: Farm Products: Hard Red Spring Wheat was 186.19300 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 Spring Wheat reached a record high of 477.60000 in February of 2008 and a record low of 35.30000 in August 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: Hard Red Spring Wheat - last updated from the United States Federal Reserve on July of 2025.

United States - Export Price Index (NAICS): Wheat Farming was 157.20000 Index 2005=100 in June of 2025, according to the United States Federal Reserve. Historically, United States - Export Price Index (NAICS): Wheat Farming reached a record high of 309.40000 in March of 2008 and a record low of 100.00000 in December of 2005. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Export Price Index (NAICS): Wheat Farming - last updated from the United States Federal Reserve on July of 2025.

United States - Producer Price Index by Commodity: Farm Products: Soft White Wheat was 143.04900 Index 1982=100 in May of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Farm Products: Soft White Wheat reached a record high of 352.30000 in January of 2008 and a record low of 32.70000 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: Soft White Wheat - last updated from the United States Federal Reserve on July of 2025.

Indonesia Average Rural Consumer Price: Wheat Flour: DI Yogyakarta data was reported at 8,285.000 IDR/kg in Dec 2018. This records a decrease from the previous number of 8,314.000 IDR/kg for Nov 2018. Indonesia Average Rural Consumer Price: Wheat Flour: DI Yogyakarta data is updated monthly, averaging 7,671.000 IDR/kg from Jan 2008 (Median) to Dec 2018, with 132 observations. The data reached an all-time high of 8,386.000 IDR/kg in Nov 2015 and a record low of 6,775.000 IDR/kg in Jan 2008. Indonesia Average Rural Consumer Price: Wheat Flour: DI Yogyakarta data remains active status in CEIC and is reported by Central Bureau of Statistics. The data is categorized under Indonesia Premium Database’s Prices – Table ID.PE006: Average Rural Consumer Price: By Province: Prepared Food Product: Wheat Flour.

United States - Producer Price Index by Commodity: Farm Products: Soft Red Winter Wheat was 153.27000 Index 1982=100 in May 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 July of 2025.