IDAHO WHEAT COMMISSION

News

Weather Developments Generate Wheat Price Rally

Weather plays a significant role in agricultural markets, particularly for commodities like wheat. Shifting weather patterns have prompted a recent reversal on wheat prices. Since April of 2024, wheat futures contract has surged from $5.53 per bushel to $6.87 per bushel as of May 13, reaching its highest level since August of 2023. Weather will continue to influence markets, but the futures contract surge is encouraging news for Idaho wheat growers.