Industry opinion holds that wheat supply will remain loose in the short term

Wheat supply to remain loose in the short term Affected by the macroeconomic environment, wheat demand is suppressed by the flour market, milling enterprises show average enthusiasm for purchasing, and in the short term there is basically no incentive to raise prices for procurement. The overall market downturn has also made purchasing and sales enterprises more cautious in their operations, and policy grain purchases have shrunk considerably compared with last year, mainly because the market's purchasing sentiment is more relaxed than last year; in some areas, wheat quality problems have also affected the pace of purchasing. As purchasing work gradually progresses, policy grain purchases will gradually expand and become the main force in market purchasing. In the short term, wheat will continue to maintain a loose supply situation, and wheat prices will remain near the support price.

The soybean market may show a pattern of weakness nearby and strength further out In the domestic market, the target subsidy for soybeans in producing areas has basically ended, farmers still have a relatively large amount of surplus grain, and soybean market purchase and sales prices are basically stable. Affected by rainy weather during the sowing period, the decline in soybean planting area may be smaller than expected, and coupled with rumors that state reserve soybean auctions will restart, downward pressure on spot prices is gradually increasing, and the market may show a pattern of weakness nearby and strength further out.