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SunSirs: Strong Operation of Wheat Price (10.7-10.11)

October 15 2019 11:22:49     SunSirs (Eva)

1.Price Trend

According to the monitoring of SunSirs, the price of domestic wheat market as a whole has been running slightly stronger this week. At the beginning of the week, the average price was RMB 2292.00 yuan/ton, and on August 30, the average price was RMB 2300.00 yuan/ton, a slight increase of 0.35%.

2.Cause analysis

After National Day, with the end of acquisition, the purchase and sale of domestic wheat market has gradually weakened. In addition, domestic maize has been listed one after another. The main body of trade will gradually focus on special maize trade. The overall supply of wheat has decreased. In order to stimulate the arrival of wheat, some local flour manufacturers raised the purchase price of wheat slightly this week, which led to a slightly stronger operation of domestic wheat market price this week.

Data: As of September 20, wheat purchases in the main producing areas totaled 68.18 million tons, an increase of 20.672 million tons over the same period of last year. Among them, Jiangsu purchased 124.12 million tons, an increase of 22.27 million tons over the same period of last year; Anhui purchased 103.23 million tons, an increase of 5.524 million tons over the same period of last year; Henan purchased 19.392 million tons, an increased 8.792 million tons over the same period of last year; Shandong purchased 10.703 million tons, an increase of 21.12 million tons over the same period of last year; Hubei purchased It increased by 80,000 tons; Hebei acquired 6.889 million tons, an increase of 2.37 million tons over the same period last year.

3.Future Market Forecast

SunSirs wheat analysts believe that after the policy acquisition, the national reserve auction is about to start, when the domestic wheat market price will enter the policy market again, the overall impact of the policy out-of-warehouse price.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.

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