Wave after wave of news instantly boosted the confidence of traders, especially the day before yesterday, the official announcement of the grain reserve will suspend the sale of wheat after the May Day holiday, until the centralized listing and purchase of new wheat this year is basically over.
In just a few words, it ignited the sentiment of the wheat market, so yesterday's wheat auction, not only the transaction rate was greatly improved, but also the transaction price was very beautiful, and there were frequent premiums.
The individual outbound price has reached 2,700 yuan, and in just 2 days, the market sentiment has reversed 180 degrees. This is also the emotional change that the editor has been thinking about in the previous article, which can be completed in an instant - the coconut wind can't stop it.
Hello friends, today is May 2, 2024, a small long holiday, and flour companies have brought all traders an "unexpected" large price increase. A few days ago, the quotation could not catch up with the speed of the price drop, and now the quotation cannot catch up with the speed of the price increase.
The price increase of 1 point and 1 point does not quench your thirst at all, and the increase of 2 points and 2 points is what everyone expects, and a one-time increase of 4 cents is expected. Especially Henan Sifeng, a few days ago, other peers began to rebound, and people still fell in price, which made people grit their teeth angrily. Now it's up 4 cents a day, and I don't understand my hatred.
In addition to being happy, the editor reminds everyone to pay attention to a few issues:
First, the official announcement of the suspension of the collection with great fanfare is aimed at a quick transaction, and the purpose of the national team has been perfectly achieved. There's one word here: basically over, what does it mean?
If you can't complete the required tasks, there is a good chance that the auction will be held at some point. It leaves a room for reverie in the market, and also gives itself room to continue the auction. Because our writing in Greater China is very "chewy", we must chew the words.
Second, in May, the auction of wheat will basically be suspended, but everyone is coerced by the long-suppressed market, and needs good information to boost confidence, and more indirectly illustrates and verifies that the wheat market is extremely fragile, and this vulnerability will be reflected in future market fluctuations.
Third, the rise in wheat prices has basically led to the rise in flour prices, which is the fundamental purpose of price increases. Therefore, it is very likely that this round of price increases is not particularly solid.
Fourth, the official announcement is that the central reserve wheat will be sold in rotation, and the auction of local reserves and trade grain will not be stopped!
To sum up, especially after the May Day holiday, there is a high probability that it will happen, and the flour enterprises will be "busy" in front of the door instantly.
In the face of this round of wheat rebound, there are still many people in the market who do not have high expectations. And this phenomenon is just a special phenomenon, just like futures, there will always be a counterparty, if it is really one-sided, then the market will quickly turn around.
If there is a bullish, there will be a bearish, bullish, thinking that the current price is too low, hoping to rise higher. Those who look at it think that the current price is too high and hope to fall some more.
It is under this kind of sentiment that the price of wheat will definitely fluctuate, but if you want to fall sharply, sorry, it is impossible, why?
The new season wheat is about to come on the market, and if the price is too low, isn't this completely contrary to the operation methods of the national team in the past few days?
This brings us back to the beginning, when the auction is closed in May every year, which coincides with this time period, or early stopping. However, before the announcement of the suspension of the auction, there was an emergency meeting of the provisional decision, which explained it? (Personal opinion, for reference only, does not represent correct, all nonsense)
The latest wheat prices in the country on May 2, 2024
Hebei Hualong Jinmailang: 1.32 yuan, up 1 point.
Hebei Handan Wudeli: 1.325 yuan, up 1 point.
Hebei Daimyo Wudeli: 1.325 yuan, up 1.5 points.
Hebei Handan light card industry: 1.325 yuan, up 1 point.
Hebei Baixiang good noodles: Pumai 1.33 yuan, up 1 point.
Xingtai flour of Hebei Haomian Group: 1.33 yuan, up 1 point.
Hebei Hualong Farm flour: 1.32 yuan for the cart and 1.3 yuan for the car, up 1 point.
Hebei Jinsha River Shahe: 1.32 yuan, up 1 point. The first price increase.
Hebei Jinsha River Shahe: 1.33 yuan, up 1 point. The second price increase. Up 2 points in total.
Hebei Jinsha Henan He: 1.32 yuan, up 1 point. The first price increase.
Hebei Jinsha Henan He: 1.33 yuan, up 1 point. The second price increase. Up 2 points in total.
Shandong Yucheng Wudeli: 1.31 yuan, up 2 points.
Shandong Heze Huarui: Red wheat 1.35 yuan, up 1.5 points.
Shandong Weifang developed flour: Pumai 1.33 yuan, up 2 points.
Shandong Lisheng Group Chengwu Company: Pumai 1.31 yuan, up 2 points.
Shandong Dongming Wudeli: 1.35 yuan for the old factory and 1.345 yuan for the new factory, up 1.5 points.
Shandong Liaocheng developed flour: Pumai class A 1.32 yuan, class B 1.315 yuan, up 2 points.
Shandong Shanghe Jinshahe: Local Chenmai 1.32 yuan, up 1 point. Local new wheat was 1.32 yuan, up 1 point.
Shandong Yongming grain and oil: Chen Mai 1.34 yuan, up 1 point. The first class of high-quality wheat is 1.5 yuan, and the second type is 1.48 yuan.
Shandong Feixiang noodle industry: Pumai 1.32 yuan, 1.328 yuan (with tickets). Chen Mai 1.34 yuan, 1.345 yuan (with tickets). Up 2 points.
Shandong Tianbang grain and oil: Chen Mai, wheat before the rain 1.34 yuan, up 1 point. Pumai 1.3 yuan, up 1 point. After the rain, wheat was 1.22 yuan, up 1 point.
Jiangsu Xinghua Wudeli: 1.34 yuan, up 1.5 points.
Wudeli in Xinxiang, Henan: 1.323 yuan for the old factory and 1.333 yuan for the new factory, up 1 point.
Henan Sifeng raw grain: Pumai 1.31 yuan, 1.34 yuan before the rain, Chen Mai 1.34 yuan, sub-optimal 1.36 yuan, Youmai 1.49 yuan, up 2 points. The first price increase.
Henan Sifeng raw grain: Pumai 1.33 yuan, 1.36 yuan before the rain, Chen Mai 1.36 yuan, all up 2 points. The second best is 1.37 yuan, and Youmai is 1.5 yuan, all up 1 point. The second price increase. A total of 4 points.