According to the commodity market analysis system of shanghaishe, the domestic wheat market price continued to be weak last week. The average price at the beginning of the week was 2,618.00 RMB/ton, and the average price at the weekend was 2,580.00 RMB/ton, down 1.45% during the week.

In May, wheat from some regions entered the market sporadically. The overall high yield of the market is expected to be sufficient, and the cash out intention of grain storage trade entities increased. In addition, the previous policy of wheat being sent out and entered the circulation link of the domestic wheat market in succession. At the same time, the downstream flour demand is still low. Flour enterprises have reduced the purchase price of wheat after completing the acquisition task. The overall supply of domestic wheat market is still loose, and the domestic wheat market price continues to be under pressure and weak operation.

According to the wheat analysts of the business agency, the supply is strong and the demand is weak. In the short term, the domestic wheat market price will continue to be under pressure, with stable and weak operation.

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