What This Chart Shows
This chart displays the historical price of wheat, one of the most important food commodities in the world. Wheat is a global staple crop used in bread, pasta, cereals, animal feed, and countless food products. Because of its central role in global nutrition and food supply, wheat prices reflect long‑term trends in agricultural production, weather patterns, global trade, and food inflation.
The chart helps users track periods of rising food costs, supply shortages, export restrictions, geopolitical disruptions, and global commodity cycles. Wheat is closely monitored by analysts, policymakers, and commodity traders due to its influence on global food security.
Why Wheat Matters
Wheat is one of the most widely grown and consumed grains on the planet. Its price is shaped by:
- Weather conditions and crop yields
- Fertilizer and energy costs
- Global food demand
- Export policies and trade flows
- Geopolitical tensions in major producing regions
- Supply chain disruptions
Because wheat is a dietary staple for billions of people, its price plays a major role in global food inflation and economic stability.
Key Insights
- Wheat is a foundational global food crop with major economic importance.
- Prices are highly sensitive to weather, planting conditions, and harvest outcomes.
- Geopolitical events — especially in major exporters — can cause sharp price swings.
- Wheat markets are closely tied to global food inflation and agricultural supply chains.
- Wheat, corn, and soybeans form the core trio of global agricultural commodities.
Source
U.S. Bureau of Labor Statistics (via FRED), Series ID: PWHEAMTUSDM