Warning! The price of wheat "dived" and soybean meal plummeted over 1000 yuan. What happened in the market? Here comes the answer.

The reading guide is about to enter mid-April. In the domestic grain market, the wheat and soybean meal markets show obvious "changes". Among them, in the wheat market, after the price of wheat rose sharply in March, the market ushered in a landslide, but recently the market showed a "diving" trend, and the price of flour mills continued to fall. On April 7th, the quotations of mainstream flour enterprises in Shandong, Henan and Hebei fell below 1.6 yuan/kg.

Insiders analyzed that the wheat market has changed. At the beginning of March, affected by the deterioration of the international environment, the auction of domestic grain storage and ground storage wheat continued to heat up, which also boosted market sentiment. The price of wheat has reached a new high, and the quotations of some enterprises will soon rise to more than 3400 yuan/ton; However, in the middle and late stage, with the high price of wheat and the high purchasing cost of flour enterprises, the wait-and-see mood of enterprises became stronger, while the goods of flour were not good, some grain merchants shipped, and the grain sources of enterprises increased. Under the pressure of price reduction, the wheat market has skyrocketed and plummeted! At the end of March and the beginning of April, due to the poor market purchase and sale, coupled with the increasing and overlapping auctions of grain storage and ground storage wheat, the problem of domestic masks intensified, and the downstream flour was further unsatisfactory, and the market bearish mood became more and more intense!

It is only two months before the new season wheat goes on the market, and the market is generally optimistic about the growth of wheat. The wheat market is weakening again, and the company's quotation continues to fall! At present, in Shandong market, the ex-factory price of wheat is 1.54~ 1.6 yuan/kg, and the ex-factory price is 20~ 160 yuan/ton. The price of flour in Weifang Ye Xiang has plummeted 160 yuan/ton! The price of wheat in flour mills in Hebei and Henan generally fell to 1.52~ 1.6 yuan/kg, and the price dropped by 20~60 yuan/ton!

At present, the domestic wheat market continues the fundamentals of weak purchase and sale. However, due to the poor delivery of flour in enterprises, the weak operating rate of factories and the increase of wheat auctions, the circulation of wheat in the market is gradually loose. Especially with the coming of new grain wheat, the weather is getting hotter and hotter, and the terminal flour enters the off-season. Personally, there is still a risk of a downward trend in wheat prices! Now the price of wheat in some parts of Henan has bottomed out, reaching 1.52 yuan/kg. It is predicted that with the further decline of the market, the price of wheat will fall into the "1.4 yuan/kg era"!

Now the price of wheat has plummeted, and the soybean meal market is also depressed! According to statistics, on March 24th, the average price of domestic soybean meal soared to 5270 yuan/ton, while on April 2nd, the average price of soybean meal dropped to 4280 yuan/ton. In just a few days, the average domestic soybean meal price dropped by nearly 1000 yuan/ton, while in Shandong, Tianjin, Jiangsu and other places, the cumulative price of soybean meal in oil plants fell by 1 100.

The decline in the soybean meal market stems from the continuous increase in the scale of domestic soybeans arriving in Hong Kong from April to June. Among them, soybeans entering Hong Kong in April may reach 8.45 million tons. With the increase of soybeans entering Hong Kong, the operating rate of domestic mainstream oil plants soared in April, the supply of soybean meal was gradually relaxed, and the price of soybean meal fell sharply!

However, as the soybean meal market bottomed out, the domestic soybean meal market bottomed out on April 6, and the national average soybean meal price rose to 4380 yuan/ton. Personally, the recent surge in rapeseed meal prices has certain support for the soybean meal market! Due to the conflict between Russia and Ukraine, the export of Russian rapeseed is restricted, and it is impossible to import Ukrainian rapeseed at home. This has also caused a continuous shortage of rapeseed supply, rising international commodity prices and an obvious shortage of rapeseed meal imports! At present, domestic coastal oil plants are squeezing Canadian rapeseed one after another. The yield of Canadian rapeseed meal can reach 58%, and the content of protein is higher. Therefore, this also boosted the price of rapeseed meal!

Personally, I believe that the domestic soybean meal market will enter a sideways shock stage in the short term. With the gradual improvement of the operating rate of domestic oil plants, the supply of soybean meal in the market will gradually relax, while the pressure of reducing the production capacity of domestic breeding pigs is greater, and the market demand side may decrease. Therefore, the soybean meal market still has a downward trend!

Warning! The price of wheat "dived" and the soybean meal plummeted by over 1000 yuan. What happened to the market? Here comes the answer! What do you think of this? The above is my personal opinion!