First, the domestic wheat price chart
(Source: Social business commodity analysis system)
Social business data monitoring system showed this week, the weekly average price of 2400.67 yuan wheat monitor / ton, the weekend 2401.33 yuan / ton, or 0.03%.
Chen is currently producing areas of wheat prices remain stable, and the new wheat Hubei Province is currently a market focus. Since the new wheat listed in northern Hubei face business enterprises were active, traders said, the current price of new wheat milling business in 1.15 -1.16 yuan / kg, Chen wheat price generally 1.20 yuan / kg, due to the price difference, flour prices have joined the army takeover, reduce production costs. However, traders at is understood that there is a new wheat drawbacks, greater moisture, difficult to meet the requirements of enterprises powder.
State Reserve: Wheat continued this week, the State Reserve auction, a total of 1,174,837 tons of wheat put in temporary storage, the actual turnover of 120,316 tons, the turnover rate was 10.24%, imports serving temporary storage of 47,340 tons of wheat, the actual turnover of 1,000 tons, the turnover rate of 2.11%.
Third, the market outlook forecast
Social business analyst Liu Wei believes wheat products, wheat rising as new, Chen will not be much change in the price of wheat, wheat prices far below current new prop up the market price, when to start prop acquisition of recent new wheat prices turning point.
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