Wheat futures belong to agricultural products futures, and it is the earliest futures variety in the international futures market. At present, wheat futures exchanges are distributed in North America, Europe, Australia and Asia, among which Chicago Board of Trade (), Minneapolis Grain Exchange () and Kansas Board of Trade () have great influence. The current wheat futures contract was launched on X, X, and has been traded for many years.

The international futures market, especially the American futures market, because of the high degree of marketization of the whole economy, the trend of market prices ultimately depends on the relationship between supply and demand. Compared with other commodities, the grain market has strong demand rigidity, so the change of supply has more obvious influence on the market price trend, especially in the case of large imbalance between supply and demand. The main factors that affect the American wheat market price or the factors that traders are more concerned about are as follows.