Wheat prices plummeted! Can wheat prices continue to rise in 2023? Forecast of wheat price trend in February

When beginning of spring arrived, the temperature began to rise. It is the growing season of winter wheat. The winter wheat in the north is still wintering, the winter wheat in Jianghuai is about to turn green, and the winter wheat in the southwest has entered the jointing stage. Everywhere is the scene of spring ploughing, slowly unfolding in the fields full of hope.

The Spring Festival has passed, the purchase and sale in various places have resumed, the price of wheat has plummeted, and the market has fallen everywhere.

It is reported that Shandong, Hebei, Henan, Anhui, Jiangsu, Shaanxi and other places have experienced different degrees of decline, so what is the price of wheat now? Can wheat prices continue to rise in 2023? Let's take a look at the trend forecast of wheat price in February 2023.

What is the price of wheat now?

Hebei province: wheat 1.62 yuan/kg in Wuji county, Shijiazhuang city, Hebei province; Wheat 1.5 yuan/kg in Zhengding County, Shijiazhuang City, Hebei Province; Wheat 1.8 yuan/kg in Guantao County, Handan City, Hebei Province; Wheat 1.7 yuan/kg in Longyao County, Xingtai City, Hebei Province.

Henan Province: Wheat 1.46 yuan/kg in Wolong District, Nanyang City, Henan Province; Wheat 1.58 yuan/kg in Xiangcheng County, Xuchang City, Henan Province; Wheat 1.45 yuan/kg in tanghe county, Nanyang, Henan; Wheat 1.26 yuan/kg in Sheqi County, Nanyang City, Henan Province; Wheat 1.55 yuan/kg in zhenping county, Nanyang, Henan; Wheat 1.4 yuan/kg in Zhengyang County, Zhumadian City, Henan Province.

Hubei Province: Wheat 1.5 yuan/kg in Yicheng City, Xiangyang City, Hubei Province; Wheat 1.44 yuan/kg in Xiangzhou District, Xiangyang City, Hubei Province; Wheat 1.55 yuan/kg in Jingshan City, Jingmen City, Hubei Province; Wheat 1.56 yuan/kg in Tianmen City, Hubei Province.

Inner Mongolia: Wheat 1.25 yuan/kg in Hailar District, Hulunbeier City, Inner Mongolia; Wheat 1.42 yuan/kg in Yakeshi City, Hulunbeier City, Inner Mongolia.

Shandong Province: Wheat 1.39 yuan/kg in Zhanhua District, Binzhou City, Shandong Province; Wheat 1. 17 yuan/kg in Dongchangfu District, Liaocheng City, Shandong Province; Wheat 1.83 yuan/kg in Luo Zhuang, Linyi City; 2.2 yuan/kg of wheat in Liangshan County, Jining City, Shandong Province; 2.2 yuan/kg of wheat in Pingyi County, Linyi City, Shandong Province.

Shaanxi Province: Wheat 1.56 yuan/kg in Yangxian County, Hanzhong City, Shaanxi Province; Wheat 1.52 yuan/kg in Mianxian County, Hanzhong City, Shaanxi Province; Wheat 1.75 yuan/kg in Linwei District, Weinan City, Shaanxi Province; Wheat 2. 18 yuan/kg in Binzhou City, Xianyang City, Shaanxi Province.

Remarks: The above wheat prices are all from the supply hall of Huinong Market. Com, are real-time wholesale quotations of origin, non-retail prices, for reference only.

What is the reason for the decline in wheat prices at the beginning of the year?

1, the number has increased.

After the Spring Festival, the purchase and sale in various places resumed, the mainstream milling enterprises tentatively suppressed prices, the multi-party power game intensified, the wheat rotation grain supply was sufficient, and the grass-roots quantity increased. However, the flour mill is not smooth, the operating rate of enterprises is not high, and the domestic spot wheat price generally shows a downward trend.

2, not easy to store

Because the spring starts early this year and the Chinese New Year is earlier than in previous years, the gradual warming of the weather will make it difficult to store wheat. Many people plan to go out to work to earn money after the new year and do not want to store wheat at home for a long time. In addition, some traders with tripartite funds can't see the hope of wheat price increase, and the superposition of various factors also leads to the frequent decline of wheat prices.

3. Market concerns

Although the new season wheat has not been listed yet, there is not much time to buy and sell wheat.

From the time point of view, the purchase and sale of wheat from February to March is coming to an end, which is the window period of wheat price fluctuation.

However, many grain merchants in the market choose to sell, and most of them dare not raise prices again, mainly because of farmers' surplus grain, which also drags down the price of wheat.

Can wheat prices continue to rise in 2023?

Wheat prices may rise in 2023, but the specific increase is uncertain.

Because the price of wheat will be affected by many factors, including supply and demand, policy changes, epidemic changes, international market situation and corn market conditions. All these factors will have an impact on the price of wheat.

Last year, due to the sharp drop in the number of wheat feed substitutes, domestic wheat prices continued to run at a high level. In addition, last year, the wheat output exceeded the demand, the wheat output and quality were better, the carry-over inventory increased, and the supply and demand pattern tended to be loose.

Considering the policy orientation and supply-demand pattern of the domestic wheat market, it is expected that the overall center of gravity of the domestic wheat price will decline in 2023.

Forecast of Wheat Price Trend in February 2023

The main reason for the recent continuous decline in wheat prices is the excessive wheat at the grass-roots level. In addition, a large number of grain merchants in North China began to open warehouses to collect corn, and wheat and corn fluctuated slightly at the bottom, which made the market wheat rise, farmers actively sold wheat, and major flour mills also kept prices down.

However, there is no need to panic about the decline brought about by the increase in wheat quantity. It's already February. After a short-term increase in wheat quantity, grain merchants will reduce the quantity under the support of cost. After the quantity of wheat decreases, the price of wheat will be attracted by the price increase.

The epidemic situation no longer affected, construction sites started one after another, universities started one after another, and the demand for flour recovered. In addition, after the Spring Festival, the surplus wheat in the market will be less and less, and the price of wheat will not rule out the possibility of rising. Even if the rotation of wheat at all levels increases after the holiday, the negative factors of wheat are less than the positive factors, but it should still be noted that there are many uncertain factors in the market, and wheat may return to a high level in the short term. Therefore, grain holders need to be cautious and not blindly pursue high.

Generally speaking, the main reason for the recent continuous decline in wheat prices is the excessive number of grass-roots units. You don't have to panic too much. The time for the new season wheat to go on the market is also relatively close. At present, the price of wheat should be mainly stable and small, and it is difficult to have a big rise and a skyrocketing market.

In addition, drought and freezing damage have occurred in the area where winter wheat is located in China, and extreme weather will occur frequently this year, which also adds a lot of uncertainty to this year's new season wheat. what do you think?