Wheat Commodity Update for the Week Ending May 12, 2023

The week of May 08, 2023 ended with wheat’s price at 635. Compared to last week’s price of 660.25, wheat is down by 3.8%.

Wheat’s toughest day on the market for the week was May 11, 2023 as the price sat at 627.25.

When comparing May 12, 2023 to Apr 12, 2023, wheat has fallen by 7.6%. At this time in Apr 12, 2023, wheat was at 687 and is now at 635.

Compared to 2022, wheat is also down. At this time last year, wheat was at 1106.25 and is now sitting at 635. That’s a drop of 42.6%.

Wheat's worst performance of 2022 happened on Jan 03, 2022 when it was at 712.75.

The week of May 08, 2023 saw wheat’s total volume at 306567. The lowest daily volume happened on May 11, 2023 and was 53457.

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