According to the commodity market analysis system of SunSirs, the domestic wheat market prices continued to be weak last week. The average price at the beginning of the week was 2,782.00 RMB/ton, and the average price over the weekend was 2,716.00 RMB/ton, a decrease of 2.37% during the week.

In late January, the demand for terminal flour fell short of expectations, and flour enterprises had relatively sufficient wheat inventory. In addition, domestic grain prices continued to decline, and the intention of grain trading entities to liquidate their exports remained unchanged. In addition, a large amount of various reserve grains were invested before the holiday, and the domestic wheat market supply continued to increase. After the wheat inventory of flour enterprises was replenished, they continued to purchase at a lower price. Under the pressure of strong market supply and weak demand, the domestic wheat market prices continued to decline under pressure.

The wheat analyst from SunSirs believes that domestic grain prices continue to fall, and trading entities are pessimistic about their intention to liquidate their exports. In the short term, the pressure of strong supply and weak demand is difficult to change, and the domestic wheat market prices will continue to operate under pressure.

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