The price rise in the lukewarm wheat market is slim in the later stage.

The overall domestic flour market has not changed much last week, and the overall feeling of purchase and sales is that the supply is adequate and the demand is flat. As a result, the price has not changed much, and the hot summer flour market has suffered a continuous cold reception.

The price of off-season wheat fell.

The overall market demand is low, Pumai acquisition progress is extremely slow, the future is still difficult to find obvious positive factors.

In terms of purchase and sales, as the main demand side, flour processing enterprises, has entered a production off-season, its consumption of wheat has obviously slowed down, coupled with the hot weather, which is not conducive to the storage of new wheat, so its purchase of wheat is obviously insufficient compared with previous years.

On the other hand, traders are mainly based on a wait-and-see attitude because they do not see obvious business opportunities, and state-supported market acquisitions have become the main force of acquisitions in the current market. In terms of price, the price of Chen Mai is basically stable, while that of New Mai is due to the slow progress of acquisition, and the purchase price has declined slightly in some areas.

Bran prices continue to strengthen, mainly from the growth of demand and the decline of supply. It is learned from feed enterprises that after entering the middle and late July, the demand for feed has obviously improved, which means that the demand for feed raw materials is bound to increase in the future.

On the supply side, it is difficult for flour companies to improve significantly before the end of the summer. Thus it can be seen that wheat bran prices will continue to run strongly in the future.

The theoretical profits of flour processing enterprises continue to increase driven by the downturn in raw materials and the strong price of wheat bran.

The theoretical profit of large noodle enterprises in Hebei is 75 yuan / ton, that of small noodle enterprises is 30 yuan / ton, that of large noodle enterprises in Shandong is 70 yuan / ton, that of small noodle enterprises is 30 yuan / ton, that of large flour enterprises in Henan is 80 yuan / ton, and that of small noodle enterprises is 35 yuan / ton.

There is no lift in the future wheat market.

The National temporary Storage Wheat auction Fair, scheduled for July 21 in Anhui Grain Wholesale Market and its online market, ended smoothly. The fair plans to sell 847401 tons of wheat, with an actual turnover of 5933 tons, with a turnover rate of 0.7 percent. The transaction rate of the temporary reserve auction fell further last week. Yes, the temporary storage of wheat is the same as the temporary storage of corn auction, showing a situation that no one is interested.

The average price of wheat this year has entered a downward trend since May. After Xinmai went public on a large scale and began to prop up the market, it still did not improve significantly.

According to the survey of the main body of acquisition in the current market, most of the main body of acquisition is in a wait-and-see attitude after purchasing a small amount of new grain in the early stage. In fact, the purpose of grain sales by traders is to make profits by raising prices in the later stage. At present, there is no obvious driving force for price increases in the future, so the enthusiasm for grain collection is naturally not high.

Judging from the current supply and demand pattern of domestic wheat, the supply of wheat market this year will be the most abundant since 2011. Under the situation of a bumper wheat harvest this year, regions such as Hebei and Shandong, which are in a tight balance of supply and demand all the year round, have also felt the smell of adequate wheat supply. Not to mention in other regions, wheat prices may be even less optimistic without the support of market-supporting acquisitions.

On the demand side, the overall dilemma of domestic flour enterprises in 2015 was that their overall demand for wheat was also relatively low, while the other major demand for wheat, feed demand, lost a large share of feed substitution due to the failure of imported grains and corn to rise sharply in July and August.

With no increase in flour demand and a sharp drop in feed demand, coupled with the stimulus of increasing production, this year's wheat market will be the most abundant in recent years.

Therefore, it is not difficult to foresee that if there are no strong factors (such as policies) to support the wheat market in the future, wheat prices will continue to operate smoothly on the existing basis, becoming the most "stable" year for wheat prices.