Wheat Price Today: Live Chart & Price History

Wheat prices come in many forms. Traders watch futures contracts, exporters watch port prices, and farmers watch what elevators pay at harvest. The figures on this page are the U.S. Department of Agriculture's season-average farm price, an estimate of what growers receive across a full marketing year. They show the broad direction of the wheat market and not a price you could lock in today.

USDA publishes the number in its monthly World Agricultural Supply and Demand Estimates report, known as WASDE. Wheat is priced per bushel, a volume measure that for wheat corresponds to a standard weight of 60 pounds.

The latest projection for the 2026/27 marketing year is $6.30/bushel, taken from the October WASDE. The table compares it with the September forecast, the estimate for the prior year, and the final figure for the year before that.

Comparing the October and September forecasts shows how USDA changed its view in a single month. The revision comes from updated production, use and stocks information, and the agency explains its reasoning in the report text.

A season-average price blends sales throughout the marketing year, including harvest-time sales that often come at different prices than later sales. For that reason, it will not match a futures quote or a local cash bid on any given day. A grower or buyer who needs a current price should ask a local elevator or check an exchange quote.

U.S. wheat is grown in several classes, including hard red winter, soft red winter, hard red spring, white and durum. Each has its own uses, from bread flour to pastry to pasta, and each is priced differently depending on protein content, supply and demand. The all-wheat average on this page blends them together, so any single class may sit above or below it.

Many things influence wheat, and the importance of each changes from year to year:

• Weather during planting, growing and harvest, including drought and freeze events.
• Planted area and expected yield.
• Beginning and ending stocks, which show how tight supplies are.
• Export demand and the output of other major exporting countries.
• Energy and fertilizer costs, which affect production decisions.

USDA's monthly reports discuss which of these drove each revision.

Wheat is the main ingredient in flour, bread, pasta and many baked goods, but the grain is only one part of what you pay for them. Milling, baking, packaging, transportation, labor and retail margins also matter, so a change in the farm price tends to have a limited and delayed effect on grocery prices.

A higher projected farm price can improve returns for growers, while mills and bakeries may see higher input costs. How much of that is passed on depends on contracts, competition and how long buyers hold inventory. Because USDA revises the forecast monthly, treat it as an informed estimate and not a guarantee.

The WASDE report is posted monthly at usda.gov, and USDA's Economic Research Service covers the wheat market at ers.usda.gov. Figures here match the October release and may have been revised since.