Wheat price history, 1960 to 2026

US hard red winter, Gulf export averaged $330/t in August 2026, +43% over twelve months and +121% over ten years. The nominal all-time high was $522.3/t in May 2022; in 2024 dollars the real peak was $1,462/t in February 1974. Monthly averages, World Bank Pink Sheet.

US hard red winter, Gulf exportUS soft red winter, Gulf export

Derived price statistics per series
Series	Latest	1 month	12 months	5 years	10 years	20 years	All-time high (nominal)	All-time high (real, 2024 US$)
US hard red winter, Gulf export $/t, since 1960	330 August 2026	+6%	+43%	+2%	+121%	+74%	522.3 May 2022	1,462 February 1974
US soft red winter, Gulf export $/t, since 1979	263.2 August 2026	+2%	+31%	-5%	+65%	+77%	446.7 March 2022	723.2 July 1979

Percentage changes compare the latest monthly average with the monthly average 1, 12, 60, 120 and 240 months earlier. Real prices deflate by the US consumer price index (BLS via FRED) to 2024 dollars.

Source: World Bank Pink Sheet, 2026-09-02, fetched 6 September 2026 (CC BY 4.0).

Prices are monthly benchmark averages that may lag the market; informational only, not investment, legal or trade advice. For what these benchmarks mean and how they are set, see how wheat is priced.

Monthly wheat prices by decade

Choose a decade. Values are monthly averages in the unit shown; blank cells mean no quote was published.

US hard red winter, Gulf export ($/t)

US hard red winter, Gulf export monthly prices, 1960s, $/t
Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Average
1960	59.9	61	61.7	61	57.7	55.5	54.8	55.1	56.6	57	57.7	58.1	58.01
1961	58.8	59.2	58.1	57.3	55.9	54.4	56.6	58.8	59.9	60.3	61.7	62.5	58.63
1962	60.6	61.4	61.7	62.1	63.6	64.3	65.4	66.5	65.8	64.3	68.7	67.6	64.33
1963	67.2	68.3	69.5	70.9	67.6	58.4	57.7	58.4	60.6	65	65	65	64.47
1964	64	66.1	66.9	67.6	69.5	65	68.7	68.7	69.1	68.7	68	68	67.53
1965	66.1	61.4	61	59.9	59.2	58.1	57.3	57.7	58.4	58.1	58.1	58.4	59.48
1966	58.4	58.8	58.8	58.8	58.8	62.1	65.4	67.6	67.2	66.1	65.8	67.6	62.95
1967	67.2	68	69.8	68.3	68.3	66.5	64.7	63.9	63.2	63.6	62.8	62.1	65.7
1968	62.1	62.8	63.6	61.7	60.3	61.7	63.6	63.9	63.6	63.6	63.2	63.2	62.78
1969	63.2	62.8	62.1	62.1	62.1	61.7	60.3	56.2	53.7	52.2	52.2	52.2	58.4

US hard red winter, Gulf export monthly prices, 1970s, $/t
Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Average
1970	52.2	52.2	52.2	52.2	52.2	52.2	52.5	54	56.2	58.8	61	63.2	54.91
1971	63.6	63.6	62.8	62.5	63.2	61.4	61.4	61	61	60.3	60.3	59.9	61.75
1972	59.9	59.9	59.9	60.3	60.3	59.9	60.3	62.1	76.1	87.5	88.9	102.9	69.83
1973	108.4	98.8	98.5	101.1	102.2	108.4	114.6	192.5	189.6	182.3	181.9	199.5	139.8
1974	213.5	220.5	190.7	162	141.5	155.8	169	167.6	170.5	192.2	187.4	185.9	179.7
1975	164.2	153.2	147.3	140.4	131.5	127.1	145.1	162.8	165.7	161.7	147	142.6	149.1
1976	143.7	152.9	152.5	145.5	141.8	146.2	142.2	126.4	119.8	111.3	106.6	106.2	132.9
1977	108.8	110.6	106.9	102.2	94.8	93	96.6	95.5	99.9	104	111.7	114.6	103.2
1978	114.3	115.7	124.2	130.8	124.6	126.4	127.1	127.5	130.8	137.4	137.8	136.3	127.7
1979	137.8	140.4	140	140	143.3	167.9	174.5	169	174.2	178.2	178.2	180	160.3

US hard red winter, Gulf export monthly prices, 1980s, $/t
Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Average
1980	175.6	172.7	163.5	156.5	161.3	157.6	168.7	171.2	179.7	188.1	195.1	182.6	172.7
1981	189.6	181.5	175.3	180.4	171.6	168.7	167.9	170.1	171.2	168.7	178.6	176	175
1982	173.1	170.9	168.7	169.8	167.6	155.8	151.8	152.5	152.9	146.6	155.1	159.8	160.4
1983	165	164.2	166.1	167.2	160.2	151.8	147.3	152.5	156.5	152.9	151.8	153.6	157.4
1984	152.9	150.7	154	157.3	154	149.9	147	152.5	155.1	152.9	152.5	149.6	152.4
1985	149.2	147.3	145.1	143.7	136.3	134.1	128.6	123.1	125.3	127.5	132.6	137.1	135.8
1986	132.3	129.7	134.5	132.6	119.4	105.8	101.8	102.2	103.6	104.7	105.1	107.3	114.9
1987	109.1	112.1	115.4	113.2	119.1	108.8	104.7	106.9	112.1	113.9	115	124.6	112.9
1988	128.6	131.5	124.9	126.8	129	149.9	149.6	149.9	159.5	162	163.9	166.8	145.2
1989	173.8	172	178.2	174.5	176.4	168.7	166.8	164.2	163.5	164.6	163.5	164.6	169.2

US hard red winter, Gulf export monthly prices, 1990s, $/t
Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Average
1990	167.9	160.9	156.5	159.5	149.2	135.6	124.9	116.8	114.3	114.6	112.8	113.2	135.5
1991	111.3	113.9	119.4	120.9	122	120.2	118.3	125.3	135.2	147	149.6	160.9	128.7
1992	170.1	177.1	169.4	159.8	149.6	148.8	136.3	128.2	138.9	140.7	147.7	147.7	151.2
1993	155.8	148.8	148.1	141.8	136.7	122	127.5	129.7	131.2	136	146.6	158.7	140.2
1994	153.2	147	141.1	140.4	140	139.3	137.4	145.9	158.7	167.2	162	164.6	149.7
1995	156.2	154.3	150.3	148.8	158.7	170.1	190.7	184.5	193.6	203.7	203.9	208.9	177
1996	206.9	218.9	215.3	257.6	262.1	227.3	202.6	191.6	178.7	178	176.4	175.7	207.6
1997	175.7	172.4	176.6	183.5	172.6	148.4	136.2	150.6	151.7	151.6	149.9	144.6	159.5
1998	137.1	140.1	138.9	130.2	128.9	120.6	118.9	108	107.9	126.5	130.2	126.2	126.1
1999	125.3	117	117.3	113.9	113	111.4	103	111.3	113.2	108.1	108.8	102.2	112

US hard red winter, Gulf export monthly prices, 2000s, $/t
Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Average
2000	105.8	107.9	105.7	105.1	112.1	113.5	109	108.4	117.5	128.2	127.7	128.1	114.1
2001	132.8	128.1	130.2	129.7	134.9	127.2	123.8	121.9	122	123.3	125.3	122.4	126.8
2002	125.3	123.3	122.5	123.7	121.5	132	149.3	161.3	187.8	190.3	177.4	162.5	148.1
2003	149.6	150.8	141.8	138.6	142	131.4	131.6	148.7	145.6	147.5	160.5	165.6	146.1
2004	166.3	161.4	166.3	166.6	163.7	154.7	150.6	141.3	151	150.1	156.6	153.9	156.9
2005	153.6	151.2	151	140.9	143.3	141.9	143.9	149.4	159.7	167.8	161.1	164.4	152.4
2006	167.2	179.8	174.4	180.3	193.2	195.2	202.4	189.9	196	212.1	209.7	204.3	192
2007	196.1	200	199.1	198.3	195.7	223	238.4	259.7	326.5	335.1	321.8	368.6	255.2
2008	370.7	425	439.7	362.2	328.8	348.6	328.2	329.3	295.6	237.4	226.8	220.1	326
2009	239.1	224.7	231	233.5	261.5	256.6	224.9	210.4	191.1	198.8	211	206.3	224.1

US hard red winter, Gulf export monthly prices, 2010s, $/t
Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Average
2010	201.2	194	191.1	192.9	181.6	157.7	195.8	246.2	271.7	270.2	274.1	306.5	223.6
2011	326.6	348.1	316.7	336.1	355.3	326.4	303.9	327.1	315.9	289	281	269	316.3
2012	274.9	277.8	283.9	266.3	264.4	276.2	345.7	349.4	353.4	358.2	360.8	348	313.3
2013	335.5	318.9	309.7	308.3	319.7	313.4	304.6	305.3	307.5	325.7	306.8	291.6	312.3
2014	275.6	292.1	323.7	324.8	334.7	306.4	280.4	263.5	243.6	245.4	258.7	269.7	284.9
2015	248.4	237	230.8	223.4	215.3	209.8	197.3	179.7	172.7	172.7	177.1	189.2	204.4
2016	193.3	187	191.1	187.4	172	173.1	151.8	149.2	150.6	151.8	150.6	141.8	166.6
2017	153.2	155.1	154.3	166.1	180.4	189.6	202.5	171.2	178.6	175.6	179.7	184.1	174.2
2018	192.2	192.2	192.2	213.8	213.8	219.4	218.3	236.6	212.4	213.5	203.6	211.3	209.9
2019	209.8	219	205.8	199.5	199.5	206.1	196.2	181.1	189.6	199.5	203.2	210.9	201.7

US hard red winter, Gulf export monthly prices, 2020s, $/t
Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Average
2020	224.5	215.3	209.1	219	205.8	198.4	222.1	223	247.7	272.4	273	268.6	231.6
2021	289.3	289.4	273.1	281	297.3	285.6	294.3	324.5	337.6	354.7	379.5	376.8	315.3
2022	374.2	390.5	486.3	495.3	522.3	459.6	382.5	382.9	419.1	438	422.7	386.3	430
2023	380.4	394.8	369.9	378.2	367.7	345.5	345.5	315.8	314.7	298.1	283.6	291.1	340.4
2024	283.9	278.5	274.8	272.3	289.4	265.6	260.3	250.9	269.7	272.9	253.8	252.2	268.7
2025	254.1	264.6	255.4	249.6	237	240.1	235	231.1	233.8	230.8	245.9	242.8	243.4
2026	249.9	257.6	276	282	303	286	310	330					286.8

US soft red winter, Gulf export ($/t)

US soft red winter, Gulf export monthly prices, 1980s, $/t
Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Average
1980	169.7	170.5	162.4	155.8	156.2	146.2	160.5	165.3	175.6	187	193.3	177.1	168.3
1981	177.5	176.4	167.9	172.1	142.9	132.8	138.6	140.3	147.1	149.7	156.8	153	154.6
1982	148.4	153.7	141.8	148.6	128.3	125.7	127.5	123.8	120.5	112.9	131.6	127.9	132.6
1983	131.2	133.4	133	137.1	135.7	132.3	135.3	145.1	141.8	141.5	139.6	141.7	137.3
1984	140	133.3	142.7	148.1	144.3	136.3	133.7	137.5	140.8	141.3	143.5	141.4	140.2
1985	147.6	140.5	140.9	139.1	122.7	123.2	117.8	111.8	111.2	121	131.7	136.6	128.7
1986	135.4	136.1	139.5	139.7	119.2	99.6	100.1	100.3	102.3	114.8	118.1	115.7	118.4
1987	117.4	115.7	116.5	113.1	115.8	102.2	100.6	101.7	110.1	113.5	113.7	124.9	112.1
1988	126.2	125.3	118.2	122.9	124.4	139.6	138.9	145.9	153.3	162.9	162.3	168.9	140.7
1989	172.6	164.2	168.6	161.4	162.6	151.9	152.4	153.4	157.3	160.5	163.9	166.5	161.3

US soft red winter, Gulf export monthly prices, 1990s, $/t
Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Average
1990	163	155.5	153.3	150.7	133.5	130.5	119.6	115.1	108.5	104.8	106.4	108.4	129.1
1991	107.1	106.4	116.2	117.1	115.6	118.2	116.2	127.1	137.6	147.2	147	157.8	126.1
1992	167.3	170.1	161.4	153.1	139.7	140.4	129.9	118.8	131.5	137.4	145.8	146.3	145.1
1993	156.9	149.4	145.5	156.3	140.1	112.3	116.8	119.6	115.7	127.9	136.4	140.5	134.8
1994	152.7	144.2	133.5	130	125.3	120.2	119.5	128.2	142.1	157.4	152.4	157.3	138.6
1995	153	149.7	143.1	140.7	143.3	153.5	173.4	168.5	185.6	194	198.3	205.3	167.4
1996	197	204	205.5	247.5	213.4	180.6	181.1	175	169.7	158.4	158.2	158.6	187.4
1997	154	143.6	153.8	158.6	152.7	131.6	127.8	140.9	143.2	143.7	138.2	135.7	143.7
1998	130.2	127.3	129.9	118.3	112.3	107.2	96.8	92.9	96.3	107.6	115.3	104.1	111.5
1999	103.2	95	100.2	99.7	96.6	92.9	85.3	92.8	102.1	98.7	96.9	92.1	96.29

US soft red winter, Gulf export monthly prices, 2000s, $/t
Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Average
2000	98.6	100.1	97.2	95.2	104.3	99.3	91.2	90.9	97.9	104.3	103.2	105	98.93
2001	110.4	106.7	103.5	101.1	102.6	97.4	108	105.9	107.6	115	116.4	118.2	107.7
2002	121.7	113.4	116.6	113	110.9	115.4	123.5	130.1	151.8	156.8	160	146.2	130
2003	137.5	140.8	129.4	125.8	129.2	126.3	129	144.2	138.4	142.8	160.9	158.8	138.6
2004	155.9	157.5	156.5	157.2	148.3	137.2	131.6	129.1	138.2	141.4	140.8	139.5	144.4
2005	142.5	141.6	152.2	132.1	133.1	131.1	130.9	131.8	128.2	135.3	132.3	137.6	135.7
2006	144.2	149.2	142.7	140.8	150.9	140.1	143.9	148.4	166.9	197.8	192.9	189.8	159
2007	176	176.5	168.5	175.3	180.8	205	225.6	253.9	323	325.5	307.7	345.3	238.6
2008	343.8	388.7	419.6	323.4	255.1	254.7	245.4	255.4	223.8	185.9	183	179.3	271.5
2009	195.1	183.4	183.7	182.6	202.5	201.7	175.6	161.7	158.4	175.6	204.7	206.5	186

US soft red winter, Gulf export monthly prices, 2010s, $/t
Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Average
2010	198.8	191.8	190	187.8	190.3	182.6	222.3	261.6	276.3	267.5	278.5	308.6	229.7
2011	320.4	338.8	303.1	314.9	308.6	282.2	266.4	277.6	267.5	253.5	253.2	244.7	285.9
2012	253.9	263.1	259.8	254.6	251.3	249.5	323	333.7	343.6	340.2	346.5	325.2	295.4
2013	309	298	285.9	278.1	279.3	268.2	260.9	252.4	259.8	287.7	274.4	267	276.7
2014	246.5	258.7	286.9	277.1	277.2	236.6	218.3	220.4	202.8	220.1	236	261.8	245.2
2015	231.5	219.8	218.8	209.7	200.8	205	207.4	187.9	194	206.3	203.4	192	206.4
2016	191.7	188.4	189.7	192.8	189.9	187	166.5	159.3	157.6	164.4	167.3	161.2	176.3
2017	173.6	181	176.5	172.2	175	183.4	201.8	172.7	176.9	177	175.7	172.5	178.2
2018	178.3	190.6	198.9	198.8	209.9	206	206.9	217.4	202	209.1	210.8	217.8	203.9
2019	220.2	217.2	200.4	197.3	200.3	222.4	204	197.5	201.9	212.8	223.5	237.7	211.3

US soft red winter, Gulf export monthly prices, 2020s, $/t
Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Average
2020	248	239	228.1	221.7	209.9	200.5	212.7	208.9	219.7	245.2	247.9	251.2	227.7
2021	276.4	276.6	272.6	281.4	271	263.5	254.7	276.2	263.6	262.2	334.5	327.8	280
2022	325.2	339.3	446.7	427.3	438.4	379.9	316.7	311.5	388.8	423.3	420.6	415.1	386.1
2023	410	311.9	284.7	277.2	260.5	257	249.9	230.8	230.6	236.6	241	255	270.4
2024	247.9	246.2	228.5	227.8	253.2	230.6	218.8	205.8	219.2	233.3	229	230.3	230.9
2025	230.6	243.5	227.5	219.6	221.3	217.3	210.6	200.3	207	209.3	225.2	223.2	219.6
2026	217.7	232.4	247.4	246.5	259.5	237.5	258.1	263.2					245.3

Method

Nominal prices are the source's monthly averages in US dollars, stored in the source's unit and never mixed on one chart. Real prices divide each month by the US consumer price index for all urban consumers (BLS series CPIAUCSL, via FRED) and multiply by the 2024 average, so they read as "2024 dollars". Changes are ratios of monthly averages. The all-time high is the highest monthly average, not an intraday peak.

Downloads

All series and statistics as JSON
Monthly prices as CSV (US hard red winter, Gulf export, US soft red winter, Gulf export)

Cite as: Commodity Origins, "Wheat price history (1960–2026)", https://commodityorigins.com/prices/wheat/, data 2026-09-02. Data updated 6 September 2026.