After May Day, with the low opening of new wheat in Hubei Province, the cautious sentiment of milling enterprises has become stronger, and the price of old wheat has fallen significantly, with the gradual merger of new wheat prices, the decline of old wheat has weakened, but from the market feedback, due to the situation of Hubei new wheat opening low and low going, this has further exacerbated the pressure of Chen Mai, and Chen Mai fell under pressure!
According to data analysis, at present, in Hubei, the local new wheat loading price is generally 1.15~1.18 yuan, the price of grain source is low, and the price of local enterprises listed to purchase new wheat is generally 1.2 yuan/jin......
By the merger of new wheat prices, the price of new wheat falls, and the price of old wheat also declines with the disk, at present, the market is more cautious about the purchase and sale of old wheat!
On the one hand, the downstream products of milling enterprises are not smooth, and the shipment of flour and bran is under pressure, especially when the weather is getting hotter, flour consumption is in the off-season, dealers mostly rely on a small amount of replenishment, the purchase and sales are relatively cold, the operating rate of milling enterprises is low, and the wheat consumption capacity is limited;
On the other hand, the new wheat production is expected to be strong, the main body of grain is cautious to replenish the warehouse, while the supply of old wheat is relatively loose, the channel is speeding up the clearance, the local grain depot is more rotated, the demand is not followed up well, and the quotation is constantly lowered!
Personally, I believe that in the short term, the price of old wheat is affected by the performance of the new wheat market, the price is adjusted with the disk, the market has the downward pressure of shocks, the market is concerned about the changes in the production of new wheat and the impact of the weather on the main producing areas, rationally, the old wheat market still has downward pressure, however, because the new wheat fully enters the milling enterprise use still needs 2 months of "post-maturity", some enterprises still need to match the use of old wheat, and the performance of the old wheat still has a certain rigid demand, and there is no lack of opportunities for a rebound in the market outlook!
According to data analysis, from the market feedback, on May 15, the domestic wheat spot quotation "fell sharply", Shandong, Hebei and Henan regions, Chen Mai quotation fell more than once, the specific market is as follows:
At present, the national average price of wheat is 1.275 yuan/jin, the average price of wheat in Hebei has fallen to 1.271 yuan, the average price of wheat in Shandong has fallen to 1.273 yuan/jin, and the price of wheat in Hebei has fallen to about 1.278 yuan/jin!
Shandong market: Shuanglong Mill fell 1 point to 1.265 yuan, Heze Huarui fell 0.5 points to 1.275 yuan, Leling Luqing flour fell 0.5 points to 1.275 yuan, Fenghua flour fell 0.5 points to 1.3 yuan, Yucheng Wudeli fell 0.5 points to 1.26 yuan, Dezhou developed flour demand fell 0.5 points to 1.265 yuan / catty; In the mainstream areas of Shandong, the listed price of wheat is 1.26~1.3 yuan/jin;
Hebei market: Jinsha Henan and Shahe, the listed price of wheat fell 0.5 points, and the price was quoted at 1.265 yuan / catty; The average price of wheat in Hebei is generally 1.265~1.285 yuan/jin!
Henan market: Yanjin Keming starch fell 0.5 points, quoted at 1.29 yuan, Kaifeng Yihai Kerry fell 1 point, quoted at 1.27 yuan, Henan Xinxiang Sifeng fell 1 point, quoted at 1.315 yuan, Zhoukou Wudeli fell 1.5 points, quoted at 1.255 yuan/catty! The mainstream wheat price in Henan is 1.255~1.315 yuan/jin!
Personally, I believe that due to the weak demand of flour enterprises in the stage, and the new wheat harvest is expected to be gradually realized, under the fundamentals of strong supply and weak demand in the wheat market, the price center of gravity may remain volatile and lower, and the market will pay attention to the impact of the weather on wheat production!
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