The domestic wheat price slowly rebounded and the stored wheat transaction decreased.

Due to the decrease of grain supply in the circulation market and the high price of national temporary storage wheat, the domestic wheat price has rebounded as a whole, but it has rebounded slowly due to weak demand. As of the first ten days of November, the average purchase price of third-class wheat in Jiangsu was 2304 yuan / ton, and the average warehouse price was 2380 yuan / ton; the average purchase price of third-class mixed wheat in Anhui was 2118.4 yuan / ton, and the average warehouse price was 2165 yuan / ton. Due to the impact of low prices of feed grains such as corn, the prices of by-products of flour processing enterprises in most parts of the country have been declining, and the downstream demand for flour and its by-products is relatively weak.

As the national reserve wheat auction floor price is still significantly higher than the new wheat market price, which makes its overall transaction situation is relatively low, the weekly transaction volume decreased significantly compared with the same period last year. At present, due to the large gap between the new wheat price in the circulation market and the national temporary storage wheat auction reserve price, the domestic wheat price will still rise steadily in the later period when the national temporary storage wheat auction reserve price has not been significantly reduced. It is suggested that in the later stage, we should pay attention to the adjustment of the national wheat policy and the market trend of the surrounding agricultural products.