At the end of April, the policy wheat rotation hit the market, the domestic flour purchase and sales were cold, the bran consumption capacity was insufficient, the old grain wheat showed a "diving" downward trend, the new wheat scale price is expected to continue to decline, and some institutions are worried that the 24-year new wheat may restart the 1.18 yuan / catty "trust market" acquisition, and the market sentiment is almost collapsed......
Affected by the wheat market too falling, the situation is imminent, the official restart of the control of the operation, two days ago, the policy benefits continue to release!
On the one hand, the temporary storage of wheat in Xinjiang has been suspended, although the temporary storage of wheat has been suspended for about the same time as in previous years, but the official focus is on the wheat market situation and the regulation of demand, which has also boosted market confidence;
On the other hand, China Grain Storage Company announced that after May 6, the wheat rotation transaction will be stopped until the end of the centralized purchase of new wheat, and the specific recovery date is to be determined, which further boosted market sentiment and made way for the new wheat to be listed!
Yesterday, in Beijing, Shandong and Hebei companies in grain reserves, wheat bidding enthusiasm is high, the proportion of transactions has increased significantly, and the premium level has also increased significantly, and the bidding premium of wheat in Shandong is as high as 65 yuan/ton!
According to the analysis of institutional data, on May 1, the domestic mainstream winter wheat producing areas, milling enterprises listed quotations to maintain a rising trend, among them, the national average price of wheat rose to 1.313 yuan/jin, compared with 1.3 yuan/jin on April 29, the average price of two days rose 26 yuan/ton, Shandong, the average price of wheat rose to 1.303 yuan/jin, and the average price of wheat in Hebei rose by 1.323 yuan/jin!
Shandong market: Shanghe Jinshahe rose 1 point with an execution price of 1.32 yuan, Yucheng Wudeli rose 2 points with an execution price of 1.31 yuan, Huatong noodles rose 1 point with an execution price of 1.305 yuan, and Yongming noodles rose 2 points with a execution price of 1.33 yuan per catty. The listed price of wheat in Shandong is generally 1.29~1.335 yuan/jin;
Hebei market: Baixiang Wudeli rose 1 point, the execution price was 1.33 yuan, Daming Wudeli rose 1.5 points, the quotation was 1.325 yuan/jin, Hebei Hualong Farm rose 1 point, the quotation was 1.32 yuan, Handan Wudeli rose 1 point, the quotation was 1.325 yuan, Hebei Jinshahe rose 1 point, the quotation was 1.32 yuan, and the mainstream wheat quotation in Hebei rose to 1.3~1.33 yuan/jin;
Henan market: Anyang Yihai Kerry rose 1 point, the execution price was 1.29 yuan, Henan Xinxiang Sifeng rose 2 points, the price was 1.34 yuan, Zhoukou Wudeli rose 2 points, the price was 1.33 yuan/jin, and the mainstream wheat price in Henan rose to about 1.28~1.34 yuan/jin!
At present, the wheat market has changed dramatically overnight, the market has completely "gone crazy", stimulated by the policy, in the short term, wheat prices still have a strong trend!
On the one hand, the wheat supply pattern is gradually tightening, the grassroots surplus grain and channel inventory have basically bottomed out, the policy wheat auction is about to be suspended, the pace of wheat supply may slow down, and the circulation level of old grain in the market is gradually declining!
On the other hand, the demand follow-up or will become stronger, although flour consumption is in the off-season, in the short term, the purchase and sale of flour and the lack of bran goods, but, due to the general low inventory of enterprises, flour mills still need to replenish the operation of wheat!
However, due to the strong expectation of new wheat harvest, Hubei new wheat listed into the countdown, milling enterprises to raise prices and replenish the warehouse is relatively cautious, it is expected that the room for price increases or will be limited, after a short period of wheat prices, the market or will once again enter the stage of weak and stable adjustment, the market will pay attention to the impact of the weather on the new wheat production!