According to the Commodity Market Analysis System of SunSirs, the domestic wheat market prices slightly declined in April and then showed a strong trend, leading to overall fluctuations and progress. On July 1st, the average price was 2,802.00 RMB/ton, while on July 31st, the average price was 2,858.00 RMB/ton, a slight increase of 0.07%.

In July, downstream enterprises have concentrated on building warehouses and come to an end. Enterprises have raised prices to replenish their warehouses, and the overall purchase and sales of wheat market have weakened. In addition, universities and colleges have been on vacation, resulting in a more sluggish demand for terminal flour. The overall supply and demand in the wheat market are strong and weak, and the overall price increase in the domestic wheat market has stabilized in the first ten days, but has slightly declined.

In mid July, the domestic temperature continued to rise, and the demand for terminal flour in China became even more sluggish during the three volt period. Some enterprises entered a state of shutdown and maintenance, and the period of concentrated and high volume wheat harvest in China has ended. The overall supply and demand of the wheat market is stable, and the market continues to maintain a weak supply and demand situation. The overall price of the wheat market is fluctuating and stabilizing.

With the resurgence of corn prices in Linchi, the reluctance of wheat grain trading entities to sell and support prices has become stronger. In addition, the early rainfall has caused serious polarization in the quality of domestic wheat, and the situation of high quality and good price in the wheat market is more obvious. At the end of the month, the wheat market price has slightly rebounded.

Wheat analysts from SunSirs believe that due to the high temperature and rainy weather in summer, coupled with the holiday of universities and colleges, the demand for terminal flour is even more sluggish. In August, the domestic wheat market will continue to maintain a weak supply and demand situation, and the overall wheat market price will be slightly fluctuating at the current level.

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