The beginning of spring has arrived, and the temperature has warmed up. It is now the growing season of winter wheat. Winter wheat in the north is still overwintering, winter wheat in the Jianghuai River is about to turn green, and winter wheat in the southwest has entered the jointing stage. There is a picture of spring plowing everywhere in the city full of hope. The fields slowly unfolded.

As the Spring Festival has passed, purchases and sales in various places have resumed. Wheat prices have plummeted, and falling prices have occurred everywhere.

It is reported that Shandong, Hebei, Henan, Anhui, Jiangsu, Shaanxi and other places have all experienced declines to varying degrees. So how much does wheat cost per pound now? Can wheat prices continue to rise in 2023? Let’s take a look at the forecast of wheat price trends in February 2023.

How much does wheat cost per pound now?

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

Henan Province: Wheat in Wolong District, Nanyang City, Henan Province is 1.46 yuan/jin; wheat in Xiangcheng County, Xuchang City, Henan Province is 1.58 yuan/jin; wheat in Tanghe County, Nanyang City, Henan Province is 1.45 yuan/jin; Sheqi, Nanyang City, Henan Province County wheat is 1.26 yuan/jin; wheat in Zhenping County, Nanyang City, Henan is 1.55 yuan/jin; wheat in Zhengyang County, Zhumadian City, Henan is 1.4 yuan/jin.

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

Inner Mongolia: Wheat in Hailar District, Hulunbuir City, Inner Mongolia is 1.25 yuan/jin; wheat in Yakeshi City, Hulunbuir City, Inner Mongolia is 1.42 yuan/jin.

Shandong Province: Wheat in Zhanhua District, Binzhou City, Shandong Province is 1.39 yuan/jin; Wheat in Dongchangfu District, Liaocheng City, Shandong Province is 1.17 yuan/jin; Wheat in Luozhuang District, Linyi City, Shandong Province is 1.83 yuan/jin; Jining City, Shandong Province Wheat in Liangshan County is 2.2 yuan/jin; wheat in Pingyi County, Linyi City, Shandong Province is 2.2 yuan/jin.

Shaanxi Province: Wheat in Yang County, Hanzhong City, Shaanxi Province is 1.56 yuan/jin; Wheat in Mian County, Hanzhong City, Shaanxi Province is 1.52 yuan/jin; Wheat in Linwei District, Weinan City, Shaanxi Province is 1.75 yuan/jin; Binzhou City, Xianyang City, Shaanxi Province Wheat is 2.18 yuan/jin.

Remarks: The above wheat prices are all from the Huinong.com origin market supply hall. They are real-time origin wholesale quotations, not retail prices, and are for reference only.

What are the reasons for the decline in wheat prices at the beginning of the year?

1. Increased production volume

After the Spring Festival, purchases and sales in various places have resumed increasing volume. Mainstream milling companies have tentatively lowered prices. The game of multi-party forces has intensified. The supply of wheat rotation grains is sufficient, and the production volume at the grassroots level has increased. However, flour mills are not able to sell goods smoothly and the operating rate of enterprises is not high. Domestic spot wheat prices show a generally downward trend.

2. Difficult to store

Since spring starts early this year and the Chinese New Year is earlier than in previous years, the gradually warming weather will make wheat difficult to store, and many people plan to go out to work to earn money after the new year. Money, not wanting to store wheat at home for a long time, and some tripartite-funded traders seeing no hope of rising wheat prices, the combination of multiple factors has also led to frequent falls in wheat prices.

3. Market concerns

Although the new season wheat is not yet on the market, there is not much time to buy and sell wheat.

From a time point of view, the purchase and sale of wheat by the treasury in February and March are coming to an end, and this is the window period for wheat price fluctuations.

However, many grain holders in the market chose to sell, and most entities did not dare to support the price anymore. The main reason was that farmers had surplus grain, which also dragged down the decline in wheat prices.

Can wheat prices continue to rise in 2023?

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

Because wheat prices will be affected by many factors, including supply and demand, policy changes, epidemic changes, international market conditions, and corn market conditions, etc., these factors will all have an impact on wheat prices.

Last year, due to the sharp decline in the number of wheat substitutes for feed, domestic wheat prices continued to run at a high level. In addition, the annual wheat output last year was greater than the demand. The quality of wheat production was good, the number of carry-over stocks increased, and the supply and demand pattern became looser. .

Taking into account the policy orientation of the domestic wheat market and the supply and demand pattern, it is expected that the overall focus of domestic wheat prices in 2023 is expected to decline.

Wheat price trend forecast in February 2023

The main reason for the recent continuous decline in wheat prices is caused by excessive quantities at the grassroots level, coupled with the fact that a large number of grain merchants in North China have begun to build warehouses Corn is being harvested and wheat warehouses are being vacated. Corn is in a slight fluctuation at the bottom. As a result, the market volume of wheat has increased. Farmers are actively selling wheat, and major flour mills have also lowered prices.

But there is no need to panic about the decline caused by the increase in wheat supply. It is already February. After a short period of increase in wheat supply, grain merchants will reduce the supply due to cost support. After the increase in wheat supply decreases, the wheat supply will decline. Prices also need to be attracted by price increases.

As the impact of the epidemic is no longer affected, construction sites are starting to start one after another, and major colleges and universities are starting to reopen. The demand for flour will recover. In addition, the Spring Festival has passed, and there will be less and less wheat surplus on the market. Wheat The price does 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. However, we still need to pay attention to the fact that there are many uncertain factors in the market, and wheat may return to high levels in the short term. , so the main body of food holders should not blindly chase highs, but still need to treat it with caution!

In general, the main reason for the recent continuous decline in wheat prices is caused by excessive quantities at the grassroots level. There is no need to panic too much. The new season wheat is approaching the market. The current wheat price should be at The market is mainly stable and has small increases, and it is difficult to see big or sudden increases.

In addition, drought and freezing damage have already occurred in areas where my country’s winter wheat is located, and extreme weather will occur more frequently this year. This has also added a lot of uncertainties to this year’s new season wheat. You What do you think?