According to the Commodity Market Analysis System of SunSirs, after the National Day holiday, the overall high price of domestic wheat market fluctuated slightly and operated strongly. On October 6th, the average price was 3,016.00 RMB/ton, and on October 13th, the average price was 3,030.00 RMB/ton, a slight increase of 0.46%.

In October, corn from Northeast China's production areas has been listed one after another, and many trading entities have turned their attention to the trade of new season corn. The trading volume of the domestic wheat market has decreased, and the purchase of summer grain has basically ended. The high-quality and tradable grain sources in the domestic wheat market are gradually decreasing. Downstream flour manufacturers have slightly increased prices to ensure production, and the mentality of existing trading entities is not reduced, supporting the high and strong price fluctuations in the domestic wheat market.

SunSirs wheat analysts believe that high-quality and tradable grain sources are gradually decreasing, and the demand for flour is rebounding as the weather cools. It is expected that the domestic wheat market prices will continue to fluctuate slightly at high levels in the short term.

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