Today's domestic wheat prices are generally stable, and there is a slight correction in local high-price areas. At present, the wheat market is lightly purchased and sold, the surplus grain is sold out, and although some traders have a small amount of inventory left, most of them are not in a hurry to sell, mainly to sell to local small flour mills. Recently, the auction transactions of grain storage and wheat in China have cooled down, the number of flowing auctions has increased, and the turnover rate in various places has declined.
February 11, 2022 Wheat Latest Practices:
Today, the eastern area of developed flour in Shandong province yesterday lowered the price of pumai by 0.003 yuan / catty, and the unit price after the adjustment was 1.437 yuan / catty.
Today, Jiangsu Xuzhou Huasheng flour yesterday the price of Pumai rose by 0.005 yuan / jin, after the adjustment of the implementation of the unit price: Jia Wang 1.475 yuan / jin, along the lake 1.48 yuan / jin.
Today, the price of Pumai in Jinsha River, Shaanxi Province, rose by 0.005 yuan / jin, and the unit price after the adjustment was 1.505 yuan / jin.
On February 10, 2022, the transaction rate of wheat in China Grain Storage was as low as 22%-33% in Beijing branch and Xinjiang branch.
On February 10, 2022, the wheat auction sales results of China Grain Storage Beijing Branch were: 38667 tons of planned sales, the actual transaction was 12575 tons, the turnover rate was 33%, the starting price was 2861 yuan / ton, the actual average transaction price was 2861 yuan / ton, and the average premium was 0 yuan / ton.
On February 10, 2022, the wheat auction sales results of Xinjiang Branch of China Grain Storage: 6800 tons of planned sales, the actual transaction was 1500 tons, the transaction rate was 22%, the starting price was 2700 yuan / ton, the actual average transaction price was 2700 yuan / ton, and the average premium was 0 yuan / ton.
Finally, it is recommended that factory procurement be cautious and downstream demand is sluggish. In the short term, wheat prices will remain stable, and the later stage will also depend on the policy wheat transaction and factory start-up.
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