The sale of new wheat rebounded at the temporary storage auction and the price of new wheat is still weak.

According to market monitoring, since 2015, the new wheat on the market, the national temporary storage of wheat does not have the price advantage, coupled with weak processing demand, auction transactions remain low. According to statistics, a total of 12.971714 million tons of grain sources were put in as of early August, with an actual turnover of 385678 tons, an average transaction rate of 2.97%, and an average transaction price of 2466-2500 yuan per ton, which was basically sold at the bottom price of the auction, reflecting the dismal demand for wheat flour in the current market. the main body of the market lacks confidence in the future of wheat flour, and the weather vane effect of the wheat national collection and storage policy on market prices is weakened. The number of grain sources in circulation of new wheat is abundant, the market price is weak, the psychological expectation of the main body of the wheat market is reduced, and the purchase and sale tends to be cautious.

The turnover of stored wheat rebounded this week, and the participation of the main body of the market is still not high.

On August 11, the results of the national temporary reserve wheat auction showed that a total of 1.1469 million tons of wheat were sold in Anhui and Henan markets, a decrease of 800 tons from the previous month, and a decline in the number of wheat put in; a total of 8100 tons were traded, an increase of 3400 tons over last week; the turnover rate was 0.7%, up 0.3 percentage points from the previous week. Although the transaction volume and transaction rate rebounded slightly, most of the transaction prices were sold at the bottom price of the auction, regardless of depot and transportation costs, the auction price was higher than the current purchase price of Xinmai, and the participation of wheat operators in the auction market was still not high. Among them: Anhui plans to sell 847000 tons of policy wheat, a decrease of 628 tons from the previous month, and the actual transaction volume is 4234 tons, with a transaction rate of 0.5%, up 0.21% from the previous month. The average transaction price is 2481 yuan per ton, up 12 yuan per ton from the previous month. Among them, white wheat put in 332500 tons, the actual transaction was 1390 tons, the transaction rate was 0.42%, the average transaction price was 2460 yuan / ton; mixed wheat planned to sell 516400 tons, turnover 2427 tons, the transaction rate was 0.47%, the average transaction price was 2492 yuan / ton. Henan plans to sell a minimum purchase price of 299900 tons of wheat, with a transaction volume of 3800 tons and a transaction rate of 1.28 percent. The transaction volume and transaction rate increased by 1600 tons and 0.55 percent over last week, with an average transaction price of 2456 yuan per ton, down 55 yuan per ton from last week. Trading volume and trading rate rebounded slightly.

The auction of wheat stored in Hubei was in the doldrums, and all of Shandong failed to auction. On August 11, Hubei Province planned to sell 273800 tons of policy wheat, with an actual turnover of 1390 tons, with a transaction rate of 0.51 percent and a transaction price of 2460 yuan per ton. Of these, white wheat plans to sell 3562 tons in 2012, mixed wheat plans to sell 72500 tons, and mixed wheat plans to sell 47900 tons in 2014, all of which are unsold. In 2014, white wheat plans to sell 149900 tons, with an actual turnover of 1390 tons, with a turnover rate of 0.93%. Shandong Province plans to sell 23900 tons of policy wheat, all of which are unsold.

With another bumper harvest of summer grain, the price of new wheat is weak.

Since 2012, the market price of wheat has been supported by the national collection and storage policy, and the rising space has been overdrawn. This year, the output of winter wheat in the main producing areas is expected to reach 247.2 billion jin, an increase of 7.1 billion jin over the previous year. In the environment of successive bumper harvests of domestic wheat production, high policy grain inventory, and the weakening support of the national market purchase policy on the market wheat price, the wheat price is in a dilemma. On the one hand, the progress of the acquisition is lower than that of the same period last year. According to statistics, as of August 5, grain enterprises of various types in nine major producing areas, including Anhui and Henan, had purchased 51.38 million tons of new wheat, a decrease of 12.93 million tons over the same period last year, accounting for 41.57% of the output. On the other hand, the market price of new wheat is weaker and the risk of acquisition is increasing. At present, there are a large number of food sources in circulation of new wheat in the market, and the input of national policy wheat is not reduced, which makes the supply pressure of the wheat market greater, and the price risk of early acquisition, hoarding and accumulation appears. According to monitoring, wheat prices in Anhui continued to be stable and weak last week. The purchase price of third-class mixed wheat was 113.47 yuan / 50kg, down 0.92 yuan / 50kg, or 0.80%, compared with last week; the exiting price was 115.68 yuan / 50kg, down 0.82% from last week.