SunSirs: Weak Adjustment of Wheat Prices Last Week (7.5-7.9)
July 12 2021 08:53:19 SunSirs (Linda)
1. Domestic wheat price trends
Last week, the overall domestic wheat market price was slightly weaker and adjusted. The average price at the beginning of the week was 2562.00 yuan/ton, and the average price at the weekend was 2556.00 yuan/ton, a slight decrease of 0.23%.
2. Market analysis
In July, new wheat was fully listed. As the number of listings continued to increase, the willingness of some trading entities to purchase stocks declined. Domestic wheat trade was on the right track, market purchases and sales accelerated, manufacturers’ wheat inventories were effectively replenished, and some manufacturers slightly lowered their wheat purchase prices. , In addition, the main body of grain trade in the previous period has been realized, and the overall domestic wheat market price has been under pressure and adjusted weakly.
3. Market forecast
The number of new wheat on the market continued to increase in July, the demand for flour fell during the summer vacation, and the wait-and-see attitude of the main trade entities of grain stocks increased and the intention to realize cash out of the warehouse was obvious.
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