According to the Commodity Market Analysis System of SunSirs, the domestic wheat market prices fluctuated weakly last week, with an average price of 3,016.00 RMB/ton at the beginning of the week and 3,014 RMB/ton at the end of the week, with a slight decrease of 0.07% during the week.

Supported by the demand for flour on the Mid-Autumn Festival, the price increase and replenishment of enterprises drove the domestic wheat market prices to continue to run relatively strong in the middle of September. With the end of enterprise stocking, the lower price of Linchi corn prompted the main body of grain storage trade to be more willing to ship. In addition, the Chinese grain reserve and local reserves will successively take turns to auction, the supply of domestic wheat market will increase slightly, and the overall pressure on the domestic wheat market price will be slightly adjusted.

SunSirs wheat analysts believe that the peak demand for the Double Festival has passed, the wheat market supply has slightly increased, and the price of Linchi corn has decreased. In the short term, the domestic wheat market prices will continue to be under pressure and fluctuate weakly.

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