MySheen

Industry point of view: domestic wheat price or step into a phased recovery

Published: 2024-11-05 Author: mysheen
Last Updated: 2024/11/05, The expansion of wheat market purchase area in main domestic producing areas has enhanced the confidence of market subjects and further supported the bottom of wheat policy price. With the further reduction of grain sources in circulation market and the consumption of grain sources in stock of flour processing enterprises, the purchasing and selling mentality of market subjects

The expansion of wheat purchasing areas in China's main producing areas has strengthened the confidence of the main body of the market and further supported the bottom of wheat policy prices. With the further reduction of grain sources in the circulation market and the consumption of stored grain sources in flour processing enterprises, the purchasing and marketing mentality of the main body of the market will gradually change, and the phased tight supply and demand may become the driving force to support the rise of wheat prices. wheat prices may gradually be in line with policy prices; however, due to the poor performance of the flour and wheat bran market, demand starts relatively slowly. In the later stage, we should pay attention to the purchasing trends of flour processing enterprises and the situation of wheat storage in the country.

 
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