Wheat Price Forecast & Prediction for 2025, 2026, and 2027–2030

Wheat is a pivotal agricultural commodity that impacts the global economy and food security. WHEAT is a popular investment for traders and investors alike. Wheat’s price movements are cyclical, but the value of wheat can be affected by natural and geopolitical events.

This article provides an in-depth analysis of the analytical forecasts for WHEAT until 2050, complemented by technical and fundamental analysis. Our analysis will reveal which factors influence the value of wheat and whether this asset represents a lucrative investment vehicle.

The article covers the following subjects:

Major Takeaways

• The current price of wheat is $557.88 as of 15.04.2025.

• Wheat reached its all-time high of $1340 on 04.03.2022. Wheat’s all-time low of $225 was recorded on 13.12.1999.

• The forecast for 2025: StockScan – $631, WalletInvestor – $696, GovCapital – $562.

• The wheat price exhibits elevated volatility in the summer due to weather risks. As a rule, volatility is lower in the winter.

• The average price over the past 10 years ranges from $450 to $700, reflecting high volatility in the agricultural sector.

• Wheat is a crucial food commodity and a common inflation hedge.

• In periods of geopolitical unrest or global crises, wheat prices can rise sharply, making it a defensive asset.

Wheat Real-Time Market Status

Wheat is trading at $557.88 as of 15.04.2025.

It is crucial to monitor the following key indicators to assess agricultural commodities, including wheat:

• Market sentiment reflects investment expectations, which influence demand and quotes.

• Price change over the year indicates the stability of the asset and the current trend.

• Stocks are a balance between global supply and demand.

• Export volumes show a country’s competitiveness in the global market.

• Supply helps predict price trends.

Indicator	Value
Price change over the year	-2.88%
Global wheat ending stocks growth	260.1 million metric tons
Consumption	806.7 million metric tons
Supply	1,066.7 million metric tons
Trading volume	208.1 million metric tons

Wheat Price Forecast for 2025 Based on Technical Analysis

On the chart, the wheat price has exceeded the exponential moving average EMA 21, generating a bullish reversal signal. The EMA 21 is trending upward, pointing to a recovery in the short-term bullish momentum. As long as the price remains above this MA, it is better to consider opening long positions.

The Commodity Channel Index (CCI) with a default period of 20 has crossed the moving average SMA 50 from below and is trending upwards, signaling the growth phase is unfolding following a period of an oversold market condition. If the CCI surpasses +100, growth will likely accelerate.

The key resistance levels are located at $566, $580, and $621. The support level is at $534. Given the seasonal factor, as wheat typically grows in the spring and early summer, the trend will remain bullish until at least mid-summer.

The following table presents a detailed forecast of wheat prices for the remainder of the year.

Month	Minimum, $	Maximum, $
April	545	595
May	555	615
June	562	630
July	570	640
August	560	620
September	540	600
October	535	585
November	530	575
December	525	570

Long-Term Trading Plan for WHEAT for 2025

The price is increasing above EMA 21, and the CCI signals a bullish trend; long positions are relevant in the coming months.

Purchases can be made at the support level of $534 with price targets at $566, $580, and $621.

If the price settles above $580, the uptrend will likely continue.

Stop-loss orders can be placed near $526. This trading strategy takes into account the current trend and seasonal factors in the agricultural crops market.

Analysts’ Wheat Price Projections for 2025

Wheat forecasts for 2025 are subject to variation due to weather conditions, demand, and exports. Analysts assess the impact of stocks and yields, offering different scenarios for traders.

StockScan

Price range in 2025: $565.75–$697.60 (as of 11.04.2025).

Strong demand in Asia will propel prices higher by December, according to StockScan‘s forecast. Possible weather risks and seasonal factors may trigger wide fluctuations in mid-2025.

Month	Minimum, $	Average, $	Maximum, $
May	620.31	639.33	660.20
June	591.50	595.50	624.37
July	577.43	581.71	625.62
August	565.75	620.88	622.88
September	585.05	590.05	632.92
October	583.10	633.76	648.26
November	617.34	652.43	660.43
December	640.47	662.64	697.60

WalletInvestor

Price range in 2025: $682.86–$709.96 (as of 11.04.2025).

WalletInvestor forecasts stable WHEAT prices with minimal fluctuations throughout the year against moderate demand and sufficient global wheat stocks.

Month	Minimum, $	Average, $	Maximum, $
May	698.94	703.80	709.96
June	683.76	696.40	708.33
July	683.08	688.92	695.08
August	694.77	696.23	699.12
September	682.86	690.52	697.87
October	684.12	687.97	692.99
November	691.38	692.53	693.32
December	692.49	699.27	706.11

GovCapital

Price range in 2025: $442.23–$668.99 (as of 11.04.2025).

GovCapital analysts expect the wheat price to surge by mid-year as favorable weather conditions may have an impact on the price.

Month	Minimum, $	Average, $	Maximum, $
April	475.47	540.36	604.72
May	444.51	519.84	590.03
June	442.23	519.19	587.64
July	443.42	522.10	599.57
August	483.23	557.76	641.71
September	484.24	550.54	624.49
October	502.93	582.30	664.29
November	499.73	569.76	635.21
December	485.60	563.06	668.99

Analysts’ Wheat Price Projections for 2026

WHEAT prices in 2026 will depend on harvest, demand, and weather conditions. Forecasts indicate growth with varying degrees of volatility.

StockScan

Price range in 2026: $635.94–$836.50 (as of 11.04.2025).

According to StockScan, WHEAT will show a sustainable uptrend. By November, the price could reach $836.50.

Year	Minimum, $	Average, $	Maximum, $
2026	635.94	736.22	836.50

WalletInvestor

Price range in 2026: $700.28–$769.69 (as of 11.04.2025).

WalletInvestor expects that the wheat price will grow in 2026. Low volatility is predicted, with the highest yearly price of $769.69 in May.

Year	Minimum, $	Average, $	Maximum, $
2026	700.28	751.96	769.69

GovCapital

Price range in 2026: $454.84–$764.46 (as of 11.04.2025).

According to GovCapital experts, WHEAT prices are projected to post significant gains throughout the year. The price will likely peak at $764.46 in September, sliding to $656.27 in December.

Year	Minimum, $	Average, $	Maximum, $
2026	454.84	588.31	764.46

Analysts’ Wheat Price Projections for 2027

In 2027, the price of wheat may either rise or fall. According to analysts, the price may reach an all-time high amid recovering demand. Other analysts point to a decline due to seasonal volatility and geopolitical risks.

StockScan

Price range in 2027: $784–$1,360 (as of 11.04.2025).

StockScan analysts expect a bullish trend for WHEAT in 2027. The highest yearly price is expected in the third quarter around the $1,360 level.

Year	Minimum, $	Average, $	Maximum, $
2027	784	1,072	1,360

WalletInvestor

Price range in 2027: $760–$826 (as of 11.04.2025).

WalletInvestor projects a relatively stable trend. According to analysts, fluctuations will be insignificant, with moderate growth in the first half of the year. The average price will hover around $814.

Year	Minimum, $	Average, $	Maximum, $
2027	760	814	826

GovCapital

Price range in 2027: $318–$645 (as of 11.04.2025).

According to GovCapital, the price of wheat in 2027 will range between $318 and $645. Analysts expect a decline in the second half of the year. The average yearly price will be around $503, reflecting moderate expectations amid a volatile macroeconomic situation and seasonal factors.

Year	Minimum, $	Average, $	Maximum, $
2027	318	503	645

Analysts’ Wheat Price Projections for 2028

Experts differed in their forecasts of wheat prices for 2028. Some analysts expect stable growth on the back of stable global demand, while others expect a decline due to the volatility of global markets and macroeconomic factors.

StockScan

Price range in 2028: $676–$1,036 (as of 11.04.2025).

StockScan‘s forecast suggests that wheat quotes will surge in 2028. The average price is expected to trade near $856. Despite fluctuations during the year, analysts remain optimistic due to stable demand for agricultural crops.

Year	Minimum, $	Average, $	Maximum, $
2028	676	856	1036

WalletInvestor

Price range in 2028: $820–$886 (as of 11.04.2025).

WalletInvestor assumes a moderate increase in wheat prices in 2028. According to the forecast, WHEAT will trade in a narrow range, with an average rate of about $870. The highest price is expected at the end of the year amid rising export demand.

Year	Minimum, $	Average, $	Maximum, $
2028	820	870	886

GovCapital

Price range in 2028: $297–$470 (as of 11.04.2025).

GovCapital anticipates a decline in the average price of wheat. The maximum price is projected to reach $470. According to industry experts, the price of WHEAT will be influenced by macroeconomic factors and global fluctuations in agricultural production.

Year	Minimum, $	Average, $	Maximum, $
2028	297	384	470

Analysts’ Wheat Price Projections for 2029

Analysts’ forecasts for the 2029 wheat price show a moderate wheat price outlook. Following significant growth in previous years, a correction is anticipated due to global supplies and seasonal fluctuations in demand.

StockScan

Price range in 2029: $592–$829 (as of 11.04.2025).

According to StockScan, a moderate decline in the value of wheat is expected in 2029. The maximum price will be $829.

Year	Minimum, $	Average, $	Maximum, $
2029	592	711	829

GovCapital

Price range in 2029: $291–$470 (as of 11.04.2025).

GovCapital forecasts a moderate recovery in wheat prices. The average price will stand at $364. The forecast reflects cautious optimism amid global economic instability and volatile demand.

Year	Minimum, $	Average, $	Maximum, $
2029	291	364	470

Analysts’ Wheat Price Projections for 2030

This section presents wheat price forecasts for 2030 from independent analytical platforms. The data includes the expected price range for the year, the average estimated value, and possible minimum and maximum levels.

StockScan

Price range in 2030: $639–$768 (as of 11.04.2025).

StockScan analysts expect the price of wheat to stabilize in 2030 after a moderate decline in 2029. Wheat could reach a maximum price of $768. Such bullish estimates are associated with stable demand for agricultural products and favorable commodities market conditions.

Year	Minimum, $	Average, $	Maximum, $
2030	639	704	768

GovCapital

Price range in 2030: $332–$487 (as of 11.04.2025).

According to GovCapital, the average price of wheat will be around $418. Experts project moderate growth amid stabilization of global trade and supply chains.

Year	Minimum, $	Average, $	Maximum, $
2030	332	418	487

Analysts’ Wheat Price Projections until 2050

Long-term forecasts for wheat prices are not available until 2050. Predicting the value of an agricultural asset over 25 years is challenging due to the potential for significant changes, including climate change, technological advancements in the agricultural sector, and geopolitical shifts. The price of WHEAT is influenced by weather conditions, supply concerns and demand trends, and political factors, all of which are challenging to predict over such a long time frame. By 2050, the wheat market may face significant shifts thanks to new crops or alternative food sources.

Market Sentiment for Wheat on Social Media

Social media sentiment reflects the views of market participants. On various platforms, traders, analysts, and farmers share their insights on the future price of wheat, which can help anticipate market movements. For instance, optimistic posts can indicate heightened demand, while negative sentiment can signal pressure on the WHEAT price. However, it is essential to use this data in conjunction with fundamental and technical analysis of wheat prices to ensure a comprehensive and informed assessment of market trends.

The post by @sizov_andre reflects a moderately bullish wheat market outlook. The market has broken the downtrend line and is trading above the 20DMA for the first time since February, suggesting upside potential. However, caution should be maintained due to weakness in MATIF (French international futures market).

A recent post by @FarmPolicy indicates a neutral-bearish sentiment. According to the April WASDE report, production, consumption, and exports are expected to decline in the 2024/25 season, while ending stocks are projected to rise. This suggests a potential limitation on WHEAT’s upside potential in the medium term.

Overall sentiment in the global wheat market is moderately positive. From a technical standpoint, the downtrend has reversed, and the price is consolidating above the 20-day moving average. However, a thorough examination of the WASDE report reveals a mix of positive and negative signals. While stock levels are rising, exports and production are declining, which could constrain the upside potential of WHEAT in the medium term. Investors are maintaining a cautiously optimistic stance in light of these developments.

Wheat Price History

Wheat reached its all-time high of $1340 on 04.03.2022.

The lowest price of wheat was recorded on 13.12.1999 and reached $225.

Below is a chart showing the performance of wheat quotes over the last ten years. In this connection, it is important to evaluate historical price data to make predictions as accurate as possible.

In July 2020, the price was $520 as the COVID-19 pandemic caused panic in the food market, spurring the WHEAT price on increased demand.

In May 2022, wheat soared to $1,300 amid armed conflict in Eastern Europe, which restricted exports from the Black Sea. The shortage caused futures to spike in price.

In March 2023, wheat quotes tumbled to $700 as the Black Sea Grain Initiative resumed shipments and the wheat market stabilized.

In June 2024, the wheat rate was at $723 as US drought damaged the crop, sharply increasing the value of WHEAT on global exchanges.

In April 2025, wheat declined to $550 due to rising world stocks and rebounding exports.

Wheat Price Fundamental Analysis

The price of WHEAT is determined by the balance of natural, economic, and political factors.

What Factors Affect the WHEAT Rate?

The price of wheat depends on the following factors:

• Weather conditions. Droughts, floods, or frosts can significantly reduce harvest volumes, directly affect the supply, and drive the price of wheat.

• Supply and demand. Population growth and food consumption, including bread and fodder, push the WHEAT exchange rate higher.

• Geopolitical factors. Wars, trade sanctions, or export duties (e.g. in the Black Sea region) disrupt global supplies.

• Production costs. Higher fuel, fertilizer, and farm machinery prices increase the cost of growing wheat.

• Stocks. Excessive global stocks keep prices down, while shortages cause a spike in wheat quotes.

More Facts About Wheat

Wheat is a staple crop that provides food for billions of people. This grain is used in the production of bread, pasta, feed, and biofuels. The global production of wheat is primarily based in Russia, the US, Canada, the EU, and Ukraine. It is traded on exchanges such as CBOT as futures measured in bushels. Due to its sensitivity to energy costs, weather, demand, and geopolitical factors, wheat is considered a volatile asset. Its price reflects the balance between harvest and consumption, making it a strategically significant asset for traders and investors seeking to capitalize on fluctuations in the agricultural market.

Advantages and Disadvantages of Investing in WHEAT

Wheat is an attractive investment due to its role in the global economy. However, it is essential to assess all potential risks.

Advantages

• High demand. Wheat is the basic food supply, and the demand remains stable even in crises.

• Liquidity. CBOT futures are actively traded, and you can easily sell or buy wheat.

• Diversification. Wheat is a perfect asset for a balanced investment portfolio.

• Reaction to global events. Weather conditions and geopolitical factors create conditions for speculation.

• Availability. Wheat is trading on exchanges (CBOT, KCBT, MGEX), open to investors.

Disadvantages

• Volatility. Wheat prices can change dramatically due to weather, wars, or political factors.

• Seasonality. Crop cycles create instability throughout the year.

• Competition with other agricultural assets. Other grains such as corn and rice may reduce demand for wheat.

• Storage costs. Physical wheat requires warehouses and is costly for investors to store.

• Regulation. Export restrictions also affect the market; the consequences of such decisions are difficult to predict.

WHEAT represents a promising asset for portfolio diversification, but requires investors to assess volatility risks and fundamental factors.

How We Make Forecasts

Wheat price forecasts are based on a comprehensive study of the market and relevant data.

Short-term price forecasts up to a month employ technical analysis, examining current CBOT futures quotes, trading volume, and technical indicators.

Medium-term forecasts for 3–12 months are based on fundamental analysis, taking into account seasonal cycles, geopolitical factors like export restrictions, and USDA inventory reports.

Long-term wheat projections until 2050 rely on changes in global demand, climate change, and advances in agricultural technology.

This approach helps predict wheat price trends accurately, offering traders and investors valuable insights to make more informed decisions.

Conclusion: Is Wheat a Good Investment?

Wheat remains an attractive instrument for portfolio diversification, especially in periods of inflationary pressures and stock market volatility. Long-term price forecasts show moderate growth potential of WHEAT and recovery after the downturn.

However, investors should take into account the volatility of the agricultural sector while focusing on long-term growth targets.

Wheat Price Prediction FAQs

What is the current price of grain (WHEAT)?

The current WHEAT price is $557.88 as of 15.04.2025.

What is the outlook for the grain market in 2025?

The outlook for the grain market in 2025 depends on yields in major exporting countries, weather conditions, and trade relations between countries. Growing demand from developing countries and the processing sector supports demand for grains, but increased volatility is possible.

What country is the world’s largest supplier of wheat?

Russia ranks first in terms of wheat exports, followed by the US, Canada, and Australia. These countries are the major exporters, significantly influencing wheat prices.

What is the outlook for wheat?

Wheat remains a strategically valuable commodity. Its prospects in the medium term are robust as demand is expected to grow, especially from Asia and Africa, which will keep investors attracted to the asset in the future.

Why is wheat getting cheaper?

The wheat price decreases during periods of high crop yields, increased export quotas, and weakened global demand. The strengthening of the US dollar, saturation of stocks, and strong competition between exporters for wheat imports to Asia and Africa also push the price down.

Will wheat prices go up?

The wheat price can grow against lower yields due to droughts, geopolitical risks, or export restrictions. Another factor is an increase in demand from the food sector, particularly in the face of inflation and disrupted supply chains.

What is the current price of wheat?

The price of wheat is $557.88. WHEAT is expected to increase by the end of 2025.

Why are wheat prices dropping?

Prices can decline due to improved yields, lower demand from key importers, and rising inventories. Currency factors, particularly the strengthening of the US dollar, and a general decline in commodity prices in the global market are also among significant factors.

What is the projected wheat price in 2025?

The forecast for 2025 varies, with StockScan expecting a WHEAT rate in the range of $565.75–$697.60, WalletInvestor at $682.86–$709.96, and GovCapital at $442.23–$668.99.

What is the prediction for grain prices?

The outlook for grains remains moderately positive in the coming years. Prices will be supported by stable demand for feed and food grains, but there is still a risk of price fluctuations due to weather conditions, inflation, and trade restrictions.

Price chart of WHEAT in real time mode

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