I have to say that since the beginning of last week, the focus of the national grain industry has come to the wheat side. The situation of corn must be understood by everyone. The auction auction rate has fallen to the lowest point of this year, but due to the early auction of grain The pressure on the library is huge, so the price increase is hopeless and can only continue. The policy on the wheat side has just begun. For wheat, the good show just started!The region has already launched a market acquisition. It is expected that Shandong and Hebei will also be launched next week. The expansion of the market will give the wheat price a stop-and-slow signal. Due to the early development of Anhui and Jiangsu, the wheat price is stable. The impact of the beginning of the Henan region on wheat prices has not yet appeared.
The second point, starting from July 11, 2019, suspends the auction of the lowest purchase price of wheat from 2014 to 2018. The country has already made it clear that due to the large number of new wheat listed, in order to reasonably guide the wheat purchase of Chen grain to temporarily withdraw from the market, Chenliang gave way to new grain. As this policy begins to be implemented next week, the current effect remains to be seen. After all, the number of Chenliang bids has been very small.
The third point is that the local acquisition of wheat has been carried out. Entrusted by the Huairen National Grain Reserve Bank of Shanxi Province, the Shanxi Provincial Cereals and Oils Trading Center decided to hold the “Shanxi Huairen National Grain Reserve Wheat Auction Purchasing Fair” in Taiyuan on July 11, 2019, and purchase 3,2307.5 tons of municipal-level reserve wheat. Beijing National Grain Trading Center will hold a 2019 city reserve grain and oil procurement hard white wheat bidding fair in the center in mid-July 2019. Please be prepared to prepare in advance for the companies participating in the fair. It is not difficult to see that the volume of local wheat purchases is still not small. If the purchase policy is introduced elsewhere, it will undoubtedly have a significant supporting role for wheat prices.