Industry point of view: maintaining loose supply of wheat in the short term

Short-term wheat supply loose pattern is affected by macroeconomic, wheat demand is suppressed by the flour market, the enthusiasm of milling enterprises is general, there is basically no motivation to raise prices and acquisitions in the short term. The downturn of the overall market also makes purchasing and selling enterprises operate more cautiously, and the purchase volume of policy grain is more reduced than that of last year, mainly because the mentality of market acquisition is more relaxed than last year, and the progress of acquisition is also affected by wheat quality problems in some areas. with the gradual development of the acquisition work, the purchase volume of policy grain will gradually expand and become the main force of market acquisition. In the short term, wheat will continue to maintain the pattern of loose supply, and wheat prices will remain near market prices.

The soybean market may show a near-weak and far-strong pattern of the domestic market, the target subsidy of soybean in the producing areas is basically over, at present, there are still many surplus grain of farmers, and the purchase and sale price of soybean market is basically stable. Affected by the rainy weather during the sowing period, the decline in soybean acreage may be less than expected, coupled with the rumor that the soybean auction of the State Reserve restarts, the downward pressure on spot prices is gradually increasing, and the market may show a pattern of near weakness and far strength.