Why are Wheat - Chicago Prices so high?
29-01-2026 - Over the past month, the price of wheat in Chicago has risen from 513.0 cents per bushel to 536.0 cents per bushel. This increase indicates a strengthening market for wheat, possibly due to supply constraints or heightened demand. The forecast predicts a slight rise to 538.75 cents per bushel, a modest increase of 2.75 cents or 0.5% from the current price, suggesting a stable trend with minimal risk in raw material pricing.
The forecast also points to upward price pressure on raw materials, influenced by Flows data, which contributes a 2.5 cents per bushel impact. Seaborne Imports & Exports and Exchange Rates each add 1.25 cents per bushel to this pressure. All data types are consistent, supporting this upward trend.
However, LiteFinance analysis offers a different perspective, projecting a gradual decline in wheat prices. By January 2026, prices are expected to range between $510 and $520 per bushel, with a further decrease to $505–$512 by February 2026. This bearish outlook contrasts with the forecast's prediction of an increase to 538.75 cents per bushel, highlighting a differing opinion from external sources.
The forecast also points to upward price pressure on raw materials, influenced by Flows data, which contributes a 2.5 cents per bushel impact. Seaborne Imports & Exports and Exchange Rates each add 1.25 cents per bushel to this pressure. All data types are consistent, supporting this upward trend.
However, LiteFinance analysis offers a different perspective, projecting a gradual decline in wheat prices. By January 2026, prices are expected to range between $510 and $520 per bushel, with a further decrease to $505–$512 by February 2026. This bearish outlook contrasts with the forecast's prediction of an increase to 538.75 cents per bushel, highlighting a differing opinion from external sources.
What is the current / spot price of Wheat - Chicago?
Wheat - Chicago Price Today
January 30, 2026
Current Price
536
$/bsh
What is the forecast for the price of Wheat - Chicago?
Wheat - Chicago Price Forecast
January 30, 2026
1 Month Forecast
538.75
$/bsh
1 Year Forecast
668
$/bsh
What are the short-term drivers of Wheat - Chicago prices?
Over the 1 Month horizon the outlook is moderately bullish due to drivers such as: - Max. temperature in Colorado (United States) - Max. temperature in Nebraska (United States) - Rainfall in Santa Fe Province (Argentina) Br(None) The top contrary drivers for the 1 Month horizon are: - Satellite-observed activity in Santa Fe Province (Argentina) - Global Wheat Ending Stocks
What are the long-term drivers of Wheat - Chicago prices?
Over the 1 Year horizon the outlook is bullish due to drivers such as: - The net positions of speculators on COMEX - Grain exports from Kazakhstan - Movements in the Turkish Lira - Global Wheat Production Stocks Br(None) The top contrary drivers for the 1 Year horizon are: - EWMA-based technical analysis
Will the price of Wheat - Chicago go up?
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