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Trading Basics

Food and drinks

Wheat

The grain behind bread, pasta and biscuits. US hard red winter wheat, export price at US Gulf ports, monthly average.

US$ per tonne, monthly average

10020030040050060020182020202220242026Wheat 347
Show the numbers
Wheat: latest 12 figures
Sep 2026US$347
Aug 2026US$330
Jul 2026US$310
Jun 2026US$286
May 2026US$303
Apr 2026US$282
Mar 2026US$276
Feb 2026US$258
Jan 2026US$250
Dec 2025US$243
Nov 2025US$246
Oct 2025US$231

Each figure is the average over a whole month, published weeks or months after the month ends. It shows the trend, not the price on any one day, and it is never a live price.

What it is

Wheat is the world's most traded food grain. This is the price of a common type, US hard red winter wheat (used for bread flour), when loaded onto ships at US ports on the Gulf of Mexico.

The units

US dollars per tonne (1,000 kg). A price of $250 a tonne is 25 US cents a kilo of grain.

What moves the price

Harvests in the big exporters (the US, Canada, the EU, Russia, Ukraine, Australia, Argentina), weather, export restrictions and wars, stock levels, fuel and fertiliser costs, and the dollar.

Why it matters for everyday prices

The grain itself is a small part of the price of a loaf, so bread prices move far less than wheat. Wheat matters more for countries that import most of their food, and for animal feed and so meat prices.

Where the numbers come from

Source: World Bank, Commodity Price Data (The Pink Sheet), 2 Oct 2026 edition (CC BY 4.0). Original source: US Department of Agriculture.

All sources and terms.