Wheat

A staple food grain traded worldwide. Prairie spring wheat competes with Black Sea, European and Australian supply.

7.14

USD/bu, −4.8% on the week

Wheat, indicative, week of October 23, 2026. Source: Commodities-API (commodities-api.com), indicative prices.

52 weeks of Friday closes

45678NovJanMarMayJulSep
Wheat, weekly closes, USD/bu. From 5.02 to 7.14 USD/bu, between 2025-10-31 and 2026-10-23.
Week
−4.8%
13-week range
6.94 to 7.62
52-week range
4.77 to 7.62
Over the year
+42.2%
Matters to
North America, Europe, Asia, Gulf

Where Canada sells it

Wheat: C$11.5 billion of Canadian exports in the 12 months to August 2026, 92% of it outside the United States.

Source: Statistics Canada, Canadian International Merchandise Trade Web Application (catalogue 71-607-X), domestic exports, by destination.

Largest buyers outside the United States

Largest buyers of Canadian wheat outside the United States, 12 months to August 2026
ChinaC$944 million
IndonesiaC$931 million
JapanC$851 million
ItalyC$686 million
AlgeriaC$597 million
BangladeshC$567 million

Selling, buying or financing wheat?

Our retainer clients get this reading built around their own commodities and regions, with a principal on call. The Friday Close covers it every Friday.

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