According to the Commodity Market Analysis System of SunSirs, the domestic wheat market prices fluctuated slightly last week. The average price at the beginning of the week was 2,792.00 RMB/ton, while the average price at the weekend was 2,796.00 RMB/ton, a slight increase of 0.14%.

Entering mid July, the weather continued to be hot, coupled with the successive holidays of universities, resulting in a more sluggish demand for terminal flour. The operating rate of flour enterprises continued to decline, and wheat procurement became more cautious. New wheat was fully introduced into the market, and the domestic wheat market had a relatively sufficient supply. Due to the impact of early rainfall, the quality differentiation of domestic wheat was more severe. Grain storage and trade entities had a strong mentality of being reluctant to sell and price fixing, and the overall domestic wheat market entered a situation of sluggish purchase and sales, The overall price of domestic wheat market remains stable and moving forward.

SunSirs wheat analysts believe that a long short game poses a dilemma for the overall rise and fall of domestic wheat prices in the short term, and it is expected that the wheat market price will continue to fluctuate slightly at the current level.

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