MySheen

The period for the recovery of wheat market is expected to be extended.

Published: 2024-11-21 Author: mysheen
Last Updated: 2024/11/21, It is expected that the wheat market will pick up or prolong the production of flour processing enterprises in the southern sales area to return to normal in the near future, but due to the abundant supply of wheat market, the market has mostly remained stable. According to some milling enterprises and traders, the market situation of wheat flour after this year's holiday is the same as that of last year.

It is expected that the wheat market will pick up or extend the production of flour processing enterprises in the southern sales area to return to normal in the near future, but due to abundant supply in the wheat market, most of the prices remain stable. According to some flour enterprises and traders reflect, this year's post-holiday wheat flour market situation is different from the previous year, the post-holiday market basically continues the pre-holiday strong demand pattern. Although the wheat market has warmed up, but the overall purchase and sales situation has not changed much, the market expects this year's post-holiday wheat market warming period may be extended.

Goldman Sachs: Soybean market bearish in coming year Agricultural markets may perform worst among commodity markets in the coming year, according to an investment research report released by investment bank Goldman Sachs Group. Grain and soft commodity prices are expected to fall 7.5% over the next year, with soybean futures falling to $8.75 a bushel, nearly $1 lower than current investors expect, and corn futures falling to $3.75 a bushel, down from friday's march 2016 corn close of $4.1375 a bushel. But Goldman Sachs expects CBOT soft red winter wheat prices to be at $5.30 a bushel over the next three months, a level investors expect wheat prices to reach only by the end of 2015.

 
0