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Wheat prices in North America fluctuated during the fourth quarter because of unfavorable weather and the cancellation of the US harvest. Wheat prices were steadily rising in the first quarter of 2014 due to excessive demand and a lack of supply in the domestic market. The cyclone bomb and blizzards damaged the crops, making the commodity more difficult to locate. Prices rose in the second month of Q4 due to unfavorable weather conditions in the Northern Hemisphere. The weather reverted to normal, and sufficient inventories in the quarter's final month improved the output prediction. This has further accentuated the disparity in wheat prices in North America. Towards the end of Q4 2022, the price of Wheat was recorded to be USD 529/MT for FOB Vancouver (Canada) in December 2022.

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