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 2,572.00 RMB/ton, and the average price over the weekend was 2,546.00 RMB/ton, a decrease of 1.01% during the week.

In mid May, after the listing of new wheat, the trading entities turned their attention to new wheat trade. The overall purchase and sales of domestic old wheat trade weakened, and policy wheat continued to be exported. The supply of new and old wheat markets was basically seamlessly connected. At the same time, due to the continuous low demand for downstream flour, coupled with the low opening and low opening of new wheat prices, the overall pressure on the domestic wheat market prices was weak.

The wheat analyst from SunSirs believes that with a lot of negative news, the domestic wheat market prices will continue to be under pressure in the short term, with a focus on stable, moderate, and weak operations.

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