China's wheat output is estimated to be 125.3 million tons.

China's wheat production is expected to be 125.3 million tons, according to a report released by the International Grain Council (IGC). China's wheat production is expected to be 125.3 million tons in 2014, up from 121.9 million tons the previous year. Wheat imports are expected to be 2 million tons, down from an earlier forecast of 2.7 million tons and 6.7 million tons last year. The total wheat supply is expected to be 186 million tons, compared with an earlier forecast of 186.7 million tons and 182.4 million tons last year. Wheat consumption is expected to be 122.9 million tons, compared with 123.3 million tons last year. Wheat exports are expected to be 500000 tons, compared with 300000 tons last year. The final inventory of wheat is expected to be 62.6 million tons, down from the earlier forecast of 63.3 million tons and 58.7 million tons last year.

Oil market consumer demand is difficult to improve as of December 2, domestic port palm oil inventory of 596000 tons, soybean oil commercial inventory of 1.21 million tons. The reserves of rapeseed oil countries are abundant, and if there is a dumping reserve, it will also be a great pressure on the market. The market estimates that the increase in soybean imports this year will increase by 10.62% over last year. With the substantial increase in the amount of soybeans arriving in Hong Kong in the later period, the pressure on domestic oil stocks will continue to be magnified. At the same time, the consumption growth of oil downstream is relatively stable, genetically modified oil is not favored by the market, the apparent consumption of soybean oil is declining, palm oil remains stable, sunflower oil, peanut oil, tea seed oil and other small varieties of oil partially replace the three major oil consumption. There is an oversupply of oil and oil, but consumption is difficult to improve, and it is difficult for oil to rebound.