Buyers
Charts & Statistics
Conversion Table - Weights & Measures
Wheat is marketed by the bushel in the U.S., but in nearly all other countries the metric system is used. The following are useful conversions:
Conversion Table | Weights & Measures |
|---|---|
36.74 bushels | 1 metric ton |
1 pound | 0.4536 kilogram |
2204.6 pounds | 1 metric ton |
2.47 acres | 1 hectare |
14.87 bushels per acre | 1 metric ton per hectare |
1 bushel per acre | .06725 metric tons per acre |
Market Trends and Statistics
The global wheat market has faced significant fluctuations due to economic, climatic, and geopolitical factors. Despite challenges like extreme weather and supply chain disruptions, key producing regions have adapted with advanced agricultural practices. Geopolitical tensions, particularly the Russia-Ukraine conflict, have impacted wheat production and exports, while global demand remains strong, driven by population growth and dietary shifts. Technological advancements in agriculture have helped stabilize production and improve quality, though price volatility persists due to the complex interplay of supply and demand dynamics.
Below are additional resources to learn more about historical wheat prices.