According to the monitoring of SunSirs, the domestic wheat market price was slightly weak this week. The average price at the beginning of the week was 3,156.00 RMB/ton, and the average price at the weekend was 3,140.00 RMB/ton, down 0.51% during the week.

In the middle of December, with the gradual recovery of transportation capacity, the domestic wheat market's tradable grain sources continued to increase. In addition, the terminal flour demand continued to be low, and the manufacturers' wheat procurement demand slowed down. In some regions, the manufacturers slightly reduced the wheat purchase price, driving the overall weak operation of the domestic wheat market price.

The wheat analysts of SunSirs believe that the market supply is strong and the demand is weak. In the short term, there is still some room for the domestic wheat market price to fall. Supported by the high grain storage costs of trade entities, the overall space for wheat price to continue to fall is limited.

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