1.Price Trend

According to the monitoring of SunSirs, the overall domestic wheat market price continued to be strong. On October 1, the average price was RMB 2292.00 yuan / ton, and on October 31, the average price was RMB 2370.00 yuan / ton, with a slight increase of 3.40% in the whole month.

2.Cause analysis

After the national day, with the end of Tuoshi purchase, the purchase and sale of domestic wheat market gradually weakened. In addition, the domestic corn was listed one after another, and the main trade body gradually focused on the special corn trade. The overall supply of wheat declined. In order to stimulate the arrival of goods, flour manufacturers in some regions slightly increased the purchase price of wheat at the beginning of the month, driving the domestic wheat market price slightly stronger.

In the middle of October, the wheat arrival volume of flour processing enterprises continued to be low. In addition, the demand for flour increased after the weather turned cold. Supported by the demand, the enterprises continued to raise the purchase price of wheat. The main body of grain storage trade had a certain mentality of being reluctant to sell at a high price, which promoted the price of domestic wheat market to continue to rise.

Data: as of September 30, the acquisition of wheat and early indica rice in the peak season was completed. According to statistics, 70.762 million tons of wheat were purchased in the main production area, a year-on-year increase of 20.61 million tons, including 7.397 million tons purchased by Hebei, a year-on-year increase of 2.699 million tons; 12.438 million tons purchased by Jiangsu, a year-on-year increase of 2.231 million tons; 10.699 million tons purchased by Anhui, a year-on-year increase of 5.374 million tons; 11.301 million tons purchased by Shandong, a year-on-year increase of 2.207 million tons; 20.273 million tons purchased by Henan, a year-on-year increase of 8.208 million tons Hubei purchased 1617000 tons, an increase of 12000 tons on a year-on-year basis.

Policy: on October 30, the lowest purchase price wheat trading plan was listed for 3019882 tons, with a turnover of 76548 tons, a turnover rate of 2.53%, and an average transaction price of RMB 2329 yuan / ton.

3.Future Market Forecast

According to the wheat analysts of SunSirs, the main body of grain storage trade is optimistic about the future market and is reluctant to sell at a high price. The continuous low volume of goods delivered by the manufacturers and the continuous increase of price and replenishment of the stock will boost the price of domestic wheat market in October, and the transaction rate of policy wheat will continue to be low. Under the support of demand in the short term, the price of domestic wheat market will continue to be stable, moderate and strong.

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