Wheat price today: trend, volatility and seasonality
Data updated October 13, 2026
668.43usd/bu−0.23% today
Wheat last traded at 668.43 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 over five years (start = 100)
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 668.43 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.