【Wheat Market】
On December 31, coinciding with the New Year's Day holiday, wheat prices did not stop, and continued to stage a price drop mode!The operation of milling enterprises to reduce the acquisition of ** is still unchanged, and the decline is mostly between 5% and 2 points. Up to now, the average value of wheat enterprises in the country is 14274 yuan jin, the average value of Shandong is 14287 yuan jin. Mainstream acquisitions of noodle enterprises** in 14-1.Between 45, most of the noodle acquisitions** fell to 1Under 45, the acquisition of local enterprises fell below 14 yuan mark!
Parse;
At the end of the year, the new start can't stop the pace of wheat!Unexpectedly, when 2023 is about to end, the news of temporary storage wheat, which has the highest market attention, has landed, and the panic and pessimism have been infinitely amplified.
Coupled with the sluggish downstream demand,According to statistics, at present, the operating rate of small and medium-sized domestic milling enterprises is 3468%, down 072 percentage points. Once the boosting effect is not obvious, the flour terminal is slow, the flour inventory pressure of some enterprises is large, and the consumption of raw grain is slow.
In the bran market, due to the downturn in breeding, the rice and barley substitutes of feed enterprises are sufficient, the superimposed corn is lower, the demand for bran is reduced, and it is difficult for milling enterprises to sell bran, and profits are further deteriorated**Sufficient, weak demand, oversupply, milling enterprises can only open price reduction "self-help", some terminals** fell below 1 again$4 support level.
Next, we will focus on the changes in the procurement intensity of the demand side and the rhythm of grain sales by grain merchants in January, that is, before the Spring Festival. In addition, as the price of wheat continues to rise to the cost of grain merchants' inventory, it is expected that the sentiment of some grain holders will become stronger at low prices and reluctant to sell