The price of wheat harvest this year is slightly lower than that of last year.

It is reported that the National Development and Reform Commission, the Ministry of Finance, the Ministry of Agriculture and the State Grain Administration announced the implementation Plan of the minimum purchase Price for Wheat and Rice in 2015 on May 18. According to the plan, the minimum purchase price for white wheat, red wheat and mixed wheat is 1.18 yuan per jin, leaving the 2014 level unchanged.

It's three summers of the year again. At present, Lesser Fullness of Grain has passed, Grain in Beard is coming, the wheat field has reached the mature season, and the three-summer wheat harvest is slowly unfolding from south to north.

At the end of May, Jiangsu, Hubei and Anhui respectively launched the purchase of minimum protective prices for wheat in the market. The minimum purchase price for wheat, which has been raised every year, has stopped this year. The minimum purchase price for wheat announced on May 18 is 1.18 yuan per jin, the same as last year. What does the minimum purchase price of wheat to stop the rise mean for the wheat market this year? What will be the trend of wheat market this year?

It is reported that the National Development and Reform Commission, the Ministry of Finance, the Ministry of Agriculture and the State Grain Administration announced the implementation Plan of the minimum purchase Price for Wheat and Rice in 2015 on May 18. According to the plan, the minimum purchase price for white wheat, red wheat and mixed wheat is 1.18 yuan per jin, leaving the 2014 level unchanged.

In Shanxi Province, farmers are busy harvesting wheat. Du Ninglong, a farmer in Xiafeng Village, Xiaxian County, has planted three mu of land and the rest has planted nectarines in the economic forest. He is full of hope for this year's wheat sales.

Du Ninglong: the harvest of wheat is very good. One mu of land is now beating about 1,000 jin. Rain Water can this year, which is better than the previous two years. It is usual to irrigate two or three waters, but this year only one water is watered. With less investment and higher output, the benefit will be better.

At present, newly harvested wheat in Jiangsu, Anhui, Hubei, and southern Henan provinces has been sporadically listed. According to the reporter's understanding, the current purchase price of newly produced wheat by individual grain merchants in some producing areas of Hubei and Anhui provinces is only 1.05 RMB1.10 yuan per jin, and the water content is on the high side. The price of the new McKay scale is slightly lower than last year, Li Hongchao, an analyst at Zhuochuang Information:

Li Hongchao: since May 20, new wheat in the Yangtze River Basin and Hubei began to appear on the market, successively in Hubei, southern Anhui, southern Henan and southern Jiangxi. However, the opening price of new wheat is lower than the minimum protective price set by the state, so the state launched the purchase of supporting the market a week later.

Jiangsu Province took the lead in launching the wheat minimum purchase price implementation plan on May 26, one day earlier than Hubei Province took the lead in launching the wheat minimum purchase price implementation plan in the country last year. Hubei and Anhui provinces also started one after another. For grain farmers, the guarantee of purchasing at the lowest price makes them feel a lot more at ease when they grow grain.

Du Ninglong: there is a subsidy for growing grain, and you can also get it. It doesn't matter if you get the subsidy, but the farmer can account for the farmer. The same mu of land, or a kind of economic forest, is not worth ten or twenty thousand yuan in a greenhouse or greenhouse.

According to analyst Li Hongchao, due to the influence of weather and climate this year, wheat in central and southern Hubei has a certain degree of scab; southern Henan is better this year, and there seems to be no scab at present, and the market now needs to worry about whether toothed wheat will appear if wheat goes on the market in the later stage.

Li Hongchao: at present, it is expected that the listing volume of new wheat in June is relatively concentrated, and it will be gradually promoted to Shandong and Hebei in Jiangsu and Anhui. Under the influence of the policy and increasingly active market supply and marketing, the supply and marketing of new wheat will be more active.

As of May 28, Anhui had harvested 2.773 million mu of wheat, accounting for 6.51 per cent of the progress due. The price of wheat is generally obviously affected by the policy. in order to protect the interests of farmers, the state starts the purchase of supporting the market when the market price is low.

Li Hongchao: the national grain depot will be purchased at the lowest protection price of 1.18 yuan per jin in 2015, which increases the market price. After another country opens the grain depot to purchase, it also gives confidence to all parties.

From the current situation of the domestic wheat market, after the listing of new wheat, the market is facing greater supply pressure. At the same time, mills, the biggest demand for wheat, will not buy new wheat in large quantities as in previous years, with poor sales of flour and bran and historically low prices. Li Liansheng, a German futures analyst.

Li Liansheng: at present, the domestic demand for wheat is weak, and the market is expected to maintain a weak operation this year. Under this market expectation, the whole market participants will remain pessimistic about this year.

In the last ten years, China's wheat planting area is relatively stable, about 360 million mu, which fluctuates little. With the gradual listing of new wheat this year, Li Hongchao expects a bumper harvest in the domestic wheat market this year, which is generally higher than that of last year.

Li Hongchao: for one thing, when we were conducting research, we found that the seedling condition of wheat was better this year. If there was no bad weather during the harvest, the expectation of a bumper harvest would be very high.

The lowest purchase price last year was also 1.18 yuan per jin, and around October, the price of wheat reached the annual peak of 1.3 yuan per jin. Under the condition that the minimum purchase price of wheat has not changed this year, individual grain merchants, milling enterprises and other market entities are more cautious in entering the market, coupled with the shortage of funds of many grain enterprises, the performance of the acquisition of new wheat is light, and there are not many large-scale acquisitions of grain enterprises, which leads to an obvious downward trend in the purchase price of new wheat, which in turn aggravates the bearish sentiment in the market.

Li Liansheng: since the implementation of the minimum purchase price in 2006, the annual minimum purchase price of wheat has been raised, but since this year, the purchase price of wheat has not increased, coupled with the current domestic inventory is more abundant, demand is also relatively weak, the current market situation is not optimistic about the late trend of wheat.