The progress of the acquisition of Xinmai is slow and the price is stable.

New wheat acquisition progress slow price stable last week, new wheat into the concentrated acquisition period, acquisition progress slowed down compared with last year, support market prices dominated the market. In the later period, with a large number of new wheat listed in the main producing areas, the supply pressure of grain sources in the circulation market gradually became prominent; the current purchase progress of the main producing areas was obviously behind that of the same period last year, which also weakened the squeezing effect on the circulation market, and the terminal demand would still be weak in the short term, so it was difficult for wheat prices to have obvious upward momentum.

Imported soybean prices continue to fall Last week, imported soybean port distribution prices continue to fall, although CBOT soybean futures prices rose sharply, but the domestic downstream demand for imported soybeans is weak, imported soybean prices in the context of supply exceeds demand, it is difficult to get out of the rising market. Affected by weather speculation, CBOT soybeans continue to rebound this week, the market worried about planting delay or affect the planting area of new soybeans, but from the historical data, in El Niño years, the yield level of American soybeans is generally high, the trend of CBOT soybeans in the later period still needs to pay attention to the weather changes in the Midwest of the United States.