Wheat price today: trend, volatility and seasonality
Data updated October 13, 2026
671.83usd/bu+0.39% today
Wheat last traded at 671.83 usd/bu (close of October 13, 2026), up 32.1% year to date and up 34.7% over twelve months.
It is in an uptrend: both the price and its 50-day average are above the 200-day average, with the price 8.4% above that average.
Over the past 52 weeks it has ranged between 496.75 and 766.00; today's price sits at 64% of that range.
One-month volatility is 21% annualised, close to the middle of its historical range, and the largest fall from a high in the last year was 15.7%.
Returns by period
- 1W
- −5.0%
- 1M
- −5.3%
- 3M
- +3.8%
- 6M
- +13.0%
- Year to date
- +32.1%
- 1Y
- +34.7%
- 3Y
- —
- 5Y
- —
Spot price changes, close to close. They do not include the roll cost or carry of futures, which is what commodity ETFs earn.
Wheat price over five years
Trend and risk
- Trend (50/200-day)
- Uptrend
- vs 200-day average
- +8.4%
- RSI (14 days)
- 39
- Momentum 12-1
- +42.3%
- Volatility 1M
- 21.1%
- Volatility 1Y
- 29.4%
- Max drawdown 1Y
- −15.7%
- 52-week range position
- 64%
Futures positioning (CFTC COT)
Managed money (hedge funds and CTAs) held a net short position of 28,830 contracts in Wheat (5.8% of open interest), in the upper part of its one-year range. MEDGE reads this as “funds adding shorts”. Report of October 6, 2026.
Wheat COT report: positions, history and what followed extremes →
Questions
How has wheat performed this year?
As of October 13, 2026, Wheat is +32.1% year to date and +34.7% over the last twelve months, at 671.83 usd/bu.
Is wheat above its 200-day moving average?
Yes: the price is 8.4% above its 200-day average of 617.49. With the 50-day average also above it, the trend reads as up.
How volatile is wheat?
Its one-month volatility is 21.1% annualised and one-year volatility 29.4%. Current volatility is at the 23th percentile of all one-month windows in the available history.
Are hedge funds long or short wheat?
Managed money (hedge funds and CTAs) held a net short position of 28,830 contracts in Wheat (5.8% of open interest), in the upper part of its one-year range. Figures from the CFTC Commitments of Traders report of October 6, 2026.
Related
Source: MarketStack commodity prices; CFTC Commitments of Traders (Disaggregated, futures only). Figures are historical and descriptive; they are not forecasts and not investment advice. MEDGE Capital does not recommend buying or selling any instrument. Risk disclaimer.