According to the commodity market analysis system of SunSirs, the domestic wheat market prices continued to be weak last week. The average price at the beginning of the week was 2,748.00 RMB/ton, and the average price over the weekend was 2,736.00 RMB/ton, a slight decrease of 0.44%.

With the gradual rise of domestic temperatures, the difficulty of storing wheat has increased, and the intention of grain trading entities to liquidate their exports has become stronger. In addition, the overall demand for domestic flour has weakened. At the same time, policy wheat continues to be exported into the market, highlighting the problem of strong supply and weak demand in the wheat market. Under the pressure of many negative factors, the domestic wheat market prices continued to operate weakly last week.

SunSirs wheat analysts believe that with a plethora of negative news, the domestic wheat market prices will continue to be under pressure and operate weakly in the short term.

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