Wheat (Expiring Future)

A prominent part of the food and drink industry, Wheat has been a source of nutrition for humankind since the dawn of agriculture. Used for some of the most basic food products, such as bread and pastries, wheat has been traded as a commodity since the earliest days of commerce. Alongside flour, wheat is also used as a raw material for many other subsectors within the food industry. It is used for feed for livestock, a means of producing seitan, which is a plant-based protein favoured by vegans, various alcoholic and non-alcoholic beverages and more. The wheat chart can be affected by many factors, including global supply and demand fluctuations, weather conditions and others. Therefore, those who wish to track wheat prices, should follow news coverage of such events. Wheat grows in numerous locations around the world. The largest producer of wheat is China, followed by India, Russia and the United States. As such a widely traded and common commodity, Wheat is also a favourite among traders. Wheat is tracked as an expiry future traded on the CME exchange. To keep track of WHEAT stock, add it to your watchlist on eToro.