Industry point of view: wheat price fluctuates or extends around the market

Wheat prices fluctuate around the market or prolong last week, new wheat began to appear on the market, Jiangsu, Anhui, Hubei started to support the market. The purchase and sale of old wheat market is light, the price of wheat continues to be weak, the price of flour in the producing area is stable, and the price of wheat bran decreases slightly. At present, the high quantity of domestic policy grain inventory, insufficient demand of grain enterprises and high auction floor price lead to slow digestion of policy inventory and highlight the contradiction of regional warehouse capacity, which will directly affect the purchasing intensity of wheat in the main producing areas. the squeezing effect of circulating grain sources in the wheat market will be greatly reduced, and the effect of policy acquisition on wheat prices may be obviously prolonged due to the acquisition cycle. It makes the wheat price run around the purchase price of the supporting market for a long time.

Us soybean futures are expected to continue to fluctuate and fall. Last week, the port distribution price of imported soybeans continued to fall. Affected by the fall in international soybean prices, the cost of imported soybeans decreased. At the same time, demand for downstream products such as soybean meal and soybean oil did not recover significantly. The weak port distribution price of imported soybeans continued. The residual power of the global soybean harvest is still there, the soybean planting progress in the United States is stable, and the El Ni ñ o weather is also good for the growth of beautiful beans, so the weather hype is difficult for the time being. The recent sharp rise in the exchange rate of the US dollar has also formed downward pressure on CBOT soybean futures prices, and it is expected that CBOT soybean futures prices will continue to fluctuate and fall.