Wheat - Chicago Prices

October 23, 2025

Why are Wheat - Chicago Prices so high?

23-10-2025 - Over the past month, Wheat (Chicago) prices dropped by 1.4% from 510.75 ¢/bsh on 22nd September to 503.75 ¢/bsh on 22nd October. The high was 527.0 ¢/bsh on 25th September, while the low was 496.75 ¢/bsh on 13th October.

Our one month forecast for Wheat (Chicago) is 504.0 ¢/bsh, with a minimal change of 0.25 ¢/bsh or 0.0%. Our analysis suggests a balanced market risk around this forecast for the raw material.

Our current forecast is influenced most significantly by Supply data, leading to a price impact of -4.5 ¢ per bushel. Among the Supply data types, Production Activity has the largest impact at -4.25 ¢/bsh, followed by Weather Conditions at -1.50 ¢/bsh. However, there is disagreement among different data types, with Flows and Technical data suggesting upward price pressure, while Demand and Supply data indicate the opposite trend.

What is the current / spot price of Wheat - Chicago?

Wheat - Chicago Price Today

October 23, 2025

Current Price

759

$/bsh

What is the forecast for the price of Wheat - Chicago?

Wheat - Chicago Price Forecast

October 23, 2025

1 Month Forecast

504

$/bsh

1 Year Forecast

651.25

$/bsh

What are the short-term drivers of Wheat - Chicago prices?

What are the long-term drivers of Wheat - Chicago prices?

Over the 1 Month horizon the outlook is moderately bullish due to drivers such as: - Short term price trends - Grain exports from Kazakhstan Br(None) The top contrary drivers for the 1 Month horizon are: - Long term price trends - Grain imports to Bangladesh - Grain exports from Australia

Over the 1 Year horizon the outlook is bullish due to drivers such as: - The net positions of speculators on COMEX - Long term price trends - Movements in the Turkish Lira - Grain exports from Kazakhstan - Seasonality trends for the prediction month of year Br(None)