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Wheat suddenly rose by 3~5 cents, what happened? Wheat market on May 16, 2024

author:Lao Jiang said agriculture

In the whole market is in the sound of "a wail", Hubei wheat has appeared "grabbing grain" phenomenon, and the price of tide grain has risen by 3~5 cents in just a few days - do you say strange?

1. Although there is no "scab" disease in wheat in Hubei, both the planting area and the yield are not satisfactory.

2. In the short term, the weather in Hubei is suitable, which gives farmers time and opportunity to dry, causing farmers to start reluctant to sell.

3. Due to the low price and fast delivery of wheat in Hubei, the grain source at the grassroots level is becoming more and more tight.

4. The pig market began to pick up, and feed companies favored wheat, so the purchase and sale were very smooth.

To sum up, now the wheat in Hubei is going south, and at the same time, individual areas in Nanyang, Henan Province have begun to be sporadically listed, but they are basically tide grains, mainly 35~40 moisture, and the loading price is about 0.85 yuan.

Wheat suddenly rose by 3~5 cents, what happened? Wheat market on May 16, 2024

Hello friends, today is May 16, 2024, Xinmai has "beaten gongs and drums", but Chen Mai has "died down". In particular, the "eagerly awaited" traders are very excited to see the price of old wheat falling every day.

Because most people in the market hope that the more the price of wheat falls, the higher the safety factor they will enter the market, so that the probability of making money will be higher, otherwise many people are timid.

It has been felt from the Hubei market that traders from Shandong, Hebei and other places have gone to Hubei and found that the price is not good or there is no profit, and they are basically "empty-handed".

In the past, the phenomenon of "upside down" was a very normal thing, but now whoever hangs upside down may use his "net worth" to bet on the market, and everyone has no expectations.

Wheat suddenly rose by 3~5 cents, what happened? Wheat market on May 16, 2024

Everyone hopes that the price of new wheat is as low as possible, but can this long-cherished wish be achieved?

1. If the price of wheat falls below 1.18 yuan (net grain), it must be carried out in the market, and the price of this market is very particular, is it high? Is it low? It depends on the meaning of "big brother behind the back".

2. During the period of high wheat prices in the early stage, the prices of new wheat and rotation grain auctioned by various local reserves are very high, how to solve this part of the wheat? If it continues, this part of the traders will "make money"? They may be "sinned," how do you balance that?

3. Corn and wheat used to be very linked, but is it possible that corn will follow the trend of corn, and wheat will follow the trend of wheat? In other words, corn has been flying high, and wheat has been "lying in the nest"?

Wheat suddenly rose by 3~5 cents, what happened? Wheat market on May 16, 2024

4. Although the market likes "hype" and hates "hype", the current hot and dry weather will turn into rainy weather next week, how much impact will the quality, bulk density and yield of wheat have? No one can assess.

5. The expectations of flour enterprises are very strong, so they all maintain a low inventory situation, and it is impossible to predict whether there will be a turning point in the future.

To sum up, the current wheat market is only temporary and not representative. After the full harvest, the real market trend will be revealed!

Now, bullish, bearish, it's all blind. If you can understand the market, it's not the market.

If you can understand it, but don't get it right, it's all in vain. If you can't read it, but you can do it right, you're a winner. If you can both understand and do it right, you are a real trader. - Don't listen to the sound of the forest beating the leaves, why not roar and walk slowly! (Personal opinion, for reference only, does not represent correct, all nonsense)

Wheat suddenly rose by 3~5 cents, what happened? Wheat market on May 16, 2024

Latest national wheat prices for May 16, 2024

Hebei Shenzhou Wudeli: 1.27 yuan, down 1 point.

Hebei Daimyo Wudeli: 1.28 yuan for the sixth factory. Drop 5 percent.

Hebei Jinshahe Shahe Company: 1.265 yuan, down 5 cents.

Hebei Jinsha Henan and Company: 1.265 yuan, down 5%.

Hebei Haomian Group (Xiong'an): Baipumai 1.275 yuan, red wheat 1.265 yuan, 1 point.

Shandong Heze Huarui: 1.275 yuan, down 5%.

Shandong Yucheng Wudeli: Pumai 1.26 yuan, down 5%.

Shandong Qingdao Wudeli: Pumai 1.26 yuan, down 1 point.

Shandong Linyi Wudeli: Xinmai 1.25 yuan, Chenmai 1.28 yuan, down 1 point.

Shandong Liaocheng developed flour: Class A 1.265 yuan, Class B 1.26 yuan, down 5%.

Shandong Leling Luqing: The net grain of the cart was 1.275 yuan, and the net grain of the cart was 1.265 yuan, up 5%.

Shandong Fa Fa No. 1 No. 1 No. 1 Company (West District): Class A 1.265 yuan, Class B 1.26 yuan, down 5 percent.

Henan Zhoukou Luwang: Chen Mai 1.255 yuan.

Henan Kaifeng Yihai: 1.27 yuan, down 1 point.

Lisheng, Huaxian County, Henan: 1.278 yuan, 1.275 yuan (with tickets), down 5 cents.

Henan Zhoukou Yihai: Pumai 1.26 yuan, sprout wheat 1.19 yuan, down 1 point.

Henan Yanjin Keming: Chen Mai 1.29 yuan, down 5 percent. Xinmai 1.25 yuan.

Henan Zhoukou Wudeli: Pumai 1.255 yuan, down 1.5 points. Xinmai is 1.232 yuan, with an increase or decrease in price.

Henan Sifeng raw grain: Pumai 1.27 yuan, the price remains unchanged. Before the rain, the wheat was 1.315 yuan, falling 5 percent. Chen Mai 1.315 yuan, down 5%. The second best is 1.4 yuan, and the price remains the same. Youmai 1.52 yuan, the price remains unchanged.

Henan Sifeng raw grain: Pumai 1.265 yuan, pre-rain wheat 1.31 yuan, aged wheat 1.31 yuan, down 5 percent. The second best is 1.4 yuan, and the price is 1.52 yuan, and the price remains unchanged.

Anhui Bozhou Wudeli: 1.283 yuan, down 1 point.

Jiangsu Suqian Wudeli: 1.285 yuan, 1 point.

Jiangsu Xinghua Wudeli: 1.295 yuan, Xinmai 1.26 yuan.