Wheat - Minneapolis Prices

30-09-2026 - Over the past month, the price of Wheat (Minneapolis) has fallen from $7.4525 per bushel to $6.9925 per bushel, indicating a downward trend in the raw material market. This decline suggests potential changes in supply or demand dynamics. However, the forecast predicts an increase to $7.2828 per bushel, a 4.2% rise from the current price of $6.9925 per bushel, suggesting an upward trend. This forecast highlights potential volatility in raw material prices, which could impact market stability.

The forecast attributes the expected price increase to technical data, with a price impact of $0.1363 per bushel. Key factors include the Futures Curve, contributing $0.0618 per bushel, and Traders' Positions, adding $0.0419 per bushel. All data types support this upward trend.

Contrastingly, the World Bank's October 2023 Commodity Markets Outlook projects a decline in wheat prices, forecasting a 3% decrease in 2024 and a 5% decrease in 2025. This is attributed to improving global grain supplies. This outlook presents a differing perspective from the forecast, which anticipates an increase in MGEX wheat prices to $7.2828 per bushel in the coming month.

Overall, while the forecast suggests upward price pressure, the World Bank's outlook indicates a potential long-term decline, reflecting differing views on future market conditions.