The demand of milling enterprises is declining, the price of high-quality wheat is lower.

"at present, the purchase price of 'Youyou 2018' grain brokers is 1.30 yuan / jin, and the purchase price of 'Shiyou 02-1' is 1.36 yuan / jin, which is 0.05-0.07 yuan / jin lower than the purchase price of Xinmai in June and July." Said Yang Xinshe, a wheat trader in Baixiang County, Hebei Province.

Since the new wheat came on the market this year, the price of ordinary wheat has gone down all the way, and the price of high-quality wheat has shown a trend of high opening and high going because of its low yield. However, with the unstoppable decline in the price of ordinary wheat, the price of corn falling below 1 yuan per jin and the lack of improvement in market demand, the pattern of high prices of high-quality wheat has also been broken and declined rapidly. The main demand for high-quality wheat is milling enterprises. At present, in addition to several large milling enterprises can barely maintain profits, most of the milling enterprises are losing money, the operating rate of many small and medium-sized milling enterprises is only about 30%, and some small and medium-sized milling enterprises close down.

According to Han Jingxuan, business director of the National Grain Reserve Depot in Puyang, Henan Province, it is difficult for milling enterprises to survive at present. On the one hand, unsalable flour and bran and falling prices have made it difficult for enterprises to make ends meet, and many milling enterprises have reduced the purchase and hoarding of high-quality wheat; on the other hand, the tightening of loans from financial institutions has aggravated the shortage of funds in flour-making enterprises. and has led to the breaking of the capital chain of some special flour production enterprises. Yang Xinshe said that the result of this year's acquisition and hoarding of high-quality wheat by traders and milling enterprises is "big losses for big work, small losses for small work, and no compensation for no work."

It is understood that after the new high-quality wheat came on the market this year, some traders bought high-quality wheat while selling, and did not keep inventory when purchasing and selling high-quality wheat, and finally avoided the risk of falling prices of high-quality wheat. However, after some large traders sold high-quality wheat to flour mills, they encountered a new problem that they could not get their money back.

Han Jingxuan believes that the decline in the price of high-quality wheat will continue. At present, the prices of many agricultural products are still running in the downward channel. With the autumn harvest on the market, there is a high probability that the prices of agricultural products such as corn and common wheat will fall again, which will form a new pressure on the price of high-quality wheat. In addition, the market rumors that the purchase prices of new corn this year and wheat next year will be reduced, once confirmed in the later stage, is another major negative factor for wheat and corn prices.

However, some market participants believe that from the analysis of the output, inventory, demand, and market changes of domestic high-quality wheat, the supply of domestic high-quality wheat is still not very sufficient, and the stock is also on the low side, and high-quality wheat is about to enter the traditional peak demand season. At that time, the imported high-quality wheat concentrated in Hong Kong in the early stage will basically be consumed, and the price of high-quality wheat may stop falling and stabilize.