What is the highest annual wheat (u.s. srw) value in this dataset?

$10.39 ($/bushel) in 2022 annual value. This is the highest annual observation within 1979–2025, rather than a daily market record.

How are inflation-adjusted prices calculated?

Each nominal observation is multiplied by the site’s reference CPI divided by the CPI for that observation’s year. The same inflation calculation is used across commodity charts.

Agriculture & Grains Series coverage: 1979–2025

Wheat (U.S. SRW) Historical Price Archive

Annual Wheat (U.S. SRW) Price Archive

Cite Data

Chicago Board of Trade (CBOT) Soft Red Winter Wheat is the preeminent global benchmark for wheat.

Annual Wheat, US SRW benchmark price: World Bank annual nominal observations from the Pink Sheet workbook. Unit conversions and CPI adjustments are calculated by CommoditiesHistory.com. No incomplete 2026 annual value is included. Published dollars per metric ton are converted using a 60-pound bushel.

Wheat (U.S. SRW) Interactive Price History (1979–2025)

Inflation-Adjusted (Real 2026 USD)

Drag to pan, scroll to zoom, and hover for annual values.

Loading chart. Annual values are also available in the table below.

Data sources: World Bank Annual Observations

Wheat (U.S. SRW) Historical Eras & Macro Cycles

Detailed analysis of secular supercycles, wartime allocations, and price shocks

Wheat (U.S. SRW) historical observations

1979–2025

World Bank annual nominal observations from the Pink Sheet workbook. Unit conversions and CPI adjustments are calculated by CommoditiesHistory.com. No incomplete 2026 annual value is included. Published dollars per metric ton are converted using a 60-pound bushel.

Price Behavior Annual observations range from $2.62 to $10.39 ($/bushel).

Key Catalysts

Supply and production
Industrial and consumer demand
International trade

Wheat (U.S. SRW) Complete Historical Price Table (1979–2025)

Nominal vs. Real Inflation-Adjusted Prices in 2026 USD

Year	Nominal Price ($/bushel)	Real Price (2026 USD)	CPI / Historical Estimate	Historical Context / Market Event
2025	$5.98	$6.22	321.9	—
2024	$6.28	$6.71	313.7	Record Russian Bumper Harvests & Bosphorus Logistics
2023	$7.01	$7.71	304.7	UN Black Sea Grain Initiative Exports
2022	$10.39	$11.90	292.7	Russian Invasion of Ukraine (CBOT All-Time High $13.50/bu on Black Sea Blockade)
2021	$7.67	$9.48	271.0	—
2020	$6.20	$8.02	258.8	COVID-19 Food Security Stockpiling
2019	$5.75	$7.53	255.7	—
2018	$5.55	$7.40	251.1	—
2017	$4.85	$6.63	245.1	—
2016	$4.80	$6.70	240.0	—
2015	$5.62	$7.94	237.0	—
2014	$6.67	$9.44	236.7	—
2013	$7.53	$10.83	233.0	—
2012	$8.04	$11.73	229.6	Severe US Midwest Drought
2011	$7.78	$11.59	224.9	—
2010	$6.25	$9.60	218.1	Russian Wheat Export Ban Following Record Wildfires
2009	$5.06	$7.90	214.5	—
2008	$7.39	$11.50	215.3	Global Food Crisis (CBOT Futures Spiked to $13.34/bu in Feb 2008)
2007	$6.49	$10.49	207.3	—
2006	$4.33	$7.19	201.6	—
2005	$3.69	$6.33	195.3	—
2004	$3.93	$6.97	188.9	—
2003	$3.77	$6.87	184.0	—
2002	$3.54	$6.59	179.9	—
2001	$2.93	$5.54	177.1	—
2000	$2.69	$5.24	172.2	—
1999	$2.62	$5.27	166.6	—
1998	$3.03	$6.24	163.0	—
1997	$3.91	$8.16	160.5	—
1996	$5.10	$10.89	156.9	—
1995	$4.56	$10.01	152.4	—
1994	$3.77	$8.53	148.2	—
1993	$3.67	$8.50	144.5	—
1992	$3.95	$9.43	140.3	—
1991	$3.43	$8.44	136.2	—
1990	$3.51	$9.01	130.7	—
1989	$4.39	$11.86	124.0	—
1988	$3.83	$10.84	118.3	North American Great Plains Drought
1987	$3.05	$9.00	113.6	—
1986	$3.22	$9.85	109.6	—
1985	$3.50	$10.90	107.6	—
1984	$3.82	$12.30	103.9	—
1983	$3.74	$12.57	99.6	—
1982	$3.61	$12.53	96.5	—
1981	$4.21	$15.51	90.9	—
1980	$4.58	$18.62	82.4	US Grain Embargo Against USSR Following Afghanistan Invasion
1979	$4.25	$19.63	72.6	—

Frequently Asked Questions: Wheat (U.S. SRW) History

Targeted answers to high-frequency historical and economic queries

What does this wheat (u.s. srw) chart measure?: Annual Wheat, US SRW benchmark price. World Bank annual nominal observations from the Pink Sheet workbook. Unit conversions and CPI adjustments are calculated by CommoditiesHistory.com. No incomplete 2026 annual value is included. Published dollars per metric ton are converted using a 60-pound bushel.
What is the highest annual wheat (u.s. srw) value in this dataset?: $10.39 ($/bushel) in 2022 annual value. This is the highest annual observation within 1979–2025, rather than a daily market record.
How are inflation-adjusted prices calculated?: Each nominal observation is multiplied by the site’s reference CPI divided by the CPI for that observation’s year. The same inflation calculation is used across commodity charts.

Cite This Dataset

World Bank: Commodity Price Data (Pink Sheet): Wheat, US SRW — Data providers: Canadian Grain Commission; Thomson Reuters Datastream; World Bank.; Bloomberg Finance L.P.; US Department of Agriculture; World Bank. — Underlying source data: CC BY 4.0. Source terms and acknowledgment requirements. Unit conversions and inflation adjustments by CommoditiesHistory.com.

APA (7th Edition)

Commodities History Project. (2026). Wheat (U.S. SRW) Historical Prices and Inflation-Adjusted Series (1979–2025) [Data set]. CommoditiesHistory.com. https://commoditieshistory.com/wheat

BibTeX

@dataset{commoditieshistory_wheat_2026,
  author = {{Commodities History Project}},
  title = {Wheat (U.S. SRW) Historical Prices and Inflation-Adjusted Series (1979–2025)},
  year = {2026},
  publisher = {CommoditiesHistory.com},
  url = {https://commoditieshistory.com/wheat}
}