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Wheat "mutated overnight"! The downward trend is "extinguished"! Attached: Wheat prices on May 11

author:Farmland Chronicle

In the middle of May, the new and old wheat were merged, and the old wheat fell into a "mess......

According to the data, at present, the average price of wheat in the country is 1.283 yuan/jin, compared with 1.322 yuan/jin in early May, the cumulative decline is 78 yuan/ton, the average price of wheat in Shandong fell to 1.28 yuan, and the average price of wheat in Hebei fell to 1.281 yuan/jin!

Wheat "mutated overnight"! The downward trend is "extinguished"! Attached: Wheat prices on May 11

Wheat prices have been hit hard for the following reasons:

On the one hand, the purchase and sale of flour is in the off-season, after the holiday, the consumption follow-up is not good, the orders of milling enterprises are small, the operating rate is lower than the operation, the mainstream enterprises have a poor mentality of replenishment, and the wait-and-see mood is strong;

On the other hand, the grain storage auction stopped, the local grain depot continued to auction, the wheat supply pattern is relatively relaxed, in particular, the grain storage auction in the early stage of the grain source into the market, milling enterprises are not difficult to procure, wheat supply channels are larger!

Superimposed, Hubei region, new wheat sporadic listing, some local enterprises listed price is only 1.18 yuan / catty, although, Wudeli quotation is generally around 1.26 yuan / catty, but, due to factors such as grain quality and moisture, the actual settlement price is lower, which exacerbates the cautious sentiment of the market, in the wheat harvest is expected to gradually cash, milling enterprises have increased the price of old grain and the situation of new wheat!

Wheat "mutated overnight"! The downward trend is "extinguished"! Attached: Wheat prices on May 11

However, from the grassroots feedback, the price of wheat is concentrated in Pumai, and the price of high-quality wheat is still strong, especially the new wheat is concentrated on the market, there is still room for demand for high-quality wheat, and the price is relatively firm, and the market is more prominent in terms of quality!

In terms of new wheat, in Hubei, the main body of grain purchase has gradually increased, and the listed price of new wheat has also been updated, and the listed price of some local enterprises is 1.18~1.22 yuan/jin, however, the listed price of new wheat in Henan and Shandong milling enterprises is about 1.26~1.29 yuan/jin, and the price difference between the price and the spot wheat quotation price has gradually narrowed, and the space for wheat to fall again may be limited!

According to data analysis, in terms of old wheat, on May 11, the listed price of milling enterprises was updated, wheat "mutated overnight", and the decline showed a trend of "extinguishing the fire", and the market was stable The situation gradually appeared, and the purchase and sale may enter a cautious stage!

Hebei market: the listed price of wheat in milling enterprises has stabilized in an all-round way, and the quotation of mainstream enterprises is 1.265~1.305 yuan/jin, of which the price of Handan Wudeli is 1.265 yuan/jin;

Wheat "mutated overnight"! The downward trend is "extinguished"! Attached: Wheat prices on May 11

Shandong market: Heze Tianbang fell 0.5 points, quoted at 1.26 yuan, Jining Lisheng fell 0.5 points, the execution price was 1.29 yuan, Liangshan Lisheng fell 0.5 points, quoted at 1.29 yuan, Dongming Wudeli fell 1 point, quoted at 1.285 yuan, Fenghua noodles rose 0.5 points, quoted at 1.305 yuan, Shandong mainstream wheat was quoted at 1.255~1.3 yuan/jin, Shandong Hexing flour was quoted at 1.255 yuan/jin;

Henan market: Zhoukou Wudeli fell 1 point to 1.285 yuan, Henan Xinxiang Wudeli fell 0.5 points, quoted 1.288 yuan, Kaifeng Yihai Kerry fell 0.5 points, quoted at 1.285 yuan, Henan mainstream wheat price was 1.26~1.325 yuan / catty!

Personally, I believe that with the gradual merger of new wheat prices, the new wheat is less in the stage, and there may be some support for a short period of time, and the space for the re-decline of old wheat may be limited, especially the rumors that the local wheat rotation may be stopped, which may have some support for the spot market!

However, due to the fact that the new wheat listing has not yet been fully launched, with the continuous increase in the supply of new wheat, Henan and Shandong, new wheat has been listed, and the quotation is still under downward pressure.