How much does wheat cost per pound now? What will be the price of wheat in October 2022? Will it still rise?
Wheat is one of the important food crops in my country, and its planting area and output are considerable. The fermentation of steamed buns, cakes, and even beer that everyone eats in daily life cannot be separated from wheat.
It is currently the autumn sowing time of wheat in many areas. In order to increase the enthusiasm of farmers and ensure the planting area of winter wheat, wheat prices are more likely to rise and should last longer.
Let’s take a look at how much the price of wheat is now per pound? What will be the price of wheat in October 2022? Will it still rise?
How much does wheat cost per pound now?
Inner Mongolia: Wheat in Balinzuo Banner, Chifeng City, Inner Mongolia is 1.15 yuan per catty; wheat in Hailar District, Hulunbuir City, Inner Mongolia is 1.21 yuan per catty; wheat in Yakeshi City, Hulunbuir City, Inner Mongolia is 1.14 yuan per catty; Bayannur City, Inner Mongolia Wheat in Wulatezhong Banner is 1.75 yuan per catty; wheat in Changqing District, Jinan, Shandong is 1.53 yuan per catty, etc.
Shandong: Wheat in Lijin County, Dongying City, Shandong Province is 1.45 yuan per catty; wheat in Hekou District, Dongying City, Shandong Province is 1.15 yuan per catty; wheat in Qingzhou City, Weifang City, Shandong Province is 1.3 yuan per catty; wheat in Linshu County, Linyi City, Shandong Province is 1.55 yuan Wheat in Pingyi County, Linyi City, Shandong Province is 1.6 yuan per catty; wheat in Zhanhua District, Binzhou City, Shandong Province is 1.38 yuan per catty, etc.
Henan: Wheat in Zhongmu County, Zhengzhou City, Henan is 1.87 yuan per catty; wheat in Yanjin County, Xinxiang City, Henan is 1.6 yuan per catty; wheat in Xiangcheng County, Xuchang City, Henan is 1.58 yuan per catty; wheat in Wolong District, Nanyang City, Henan 1.32 yuan per catty; wheat in Tanghe County, Nanyang City, Henan Province, 1.4 yuan per catty; wheat in Sheqi County, Nanyang City, Henan Province, 1.26 yuan per catty; wheat in Zhenping County, Nanyang City, Henan Province, 1.48 yuan per catty, etc.
Hubei: Wheat in Yicheng, Xiangyang City, Hubei is 1.5 yuan per catty; wheat in Zaoyang City, Xiangyang City, Hubei is 1.5 yuan per catty; wheat in Xiangzhou District, Xiangyang City, Hubei is 1.39 yuan per catty; wheat in Jingshan City, Jingmen City, Hubei Wheat in Gongan County, Jingzhou City, Hubei is 1.42 yuan per catty; wheat in Jingzhou District, Jingzhou City, Hubei is 1.57 yuan per catty; wheat in Tianmen City, Tianmen City, Hubei is 1.45 yuan per catty, etc.
Gansu: Wheat in Yongchang County, Jinchang City, Gansu is 1.55 yuan per catty; wheat in Qinzhou District, Tianshui City, Gansu is 1.5 yuan per catty; wheat in Minle County, Zhangye, Gansu is 1.55 yuan per catty; wheat in Guazhou County, Jiuquan City, Gansu 1.25 yuan per pound, etc.
Note: The above wheat price quotations are from the market hall of Huinong.com and are for reference only. Since wheat prices are affected by many factors, everyone should refer to the actual latest local quotations.
What will be the price of wheat in October 2022? Will it still rise?
Now is the critical stage for autumn harvest and autumn planting this year. Friends in major wheat producing areas are also very busy. They must not only harvest autumn grain in time, but also start preparing for winter wheat sowing.
It is reported that the National Grain Trading Center recently issued a transaction announcement. On October 12, Xinjiang will release 40,000 tons of national temporary storage wheat.
In terms of floor price, the floor price of wheat in the alpine and cold areas of Xinjiang has been increased by 150 yuan/ton to 2,050 yuan/ton.
Xinjiang non-alpine areas: The base price of wheat in 2014 was increased by 60 yuan/ton to 2,410 yuan/ton.
The bottom price from 2015 to 2017 was increased by 150 yuan/ton, and the adjusted price was 2,500 yuan/ton.
This wheat launch is not expected to have much impact, as neither the quantity nor the year has a big advantage.
According to the latest news, spot wheat has begun a new round of large-scale price increases, and Wudeli Jinshahe has successively raised its purchase price.
However, the price adjustment range is not large. It is currently about 5 cents. The mainstream price of flour mills in the main production areas is basically 1.54-1.57 yuan/jin.
What is certain is that wheat at the lowest purchase price will not be auctioned for the time being. Wheat prices should rise in the short term, but the increase is not expected to be too large.
With the arrival of the school season and autumn and winter, the demand for flour is increasing. The increase in flour demand will also help to promote the trend of wheat prices.
Judging from the current known situation, wheat prices may push up in the short term before and after the National Day, but in the long term, the market has sufficient wheat reserve resources, and even if it rises, it will be difficult to see a big rise.
In general, domestic wheat purchase prices have increased slightly in most areas in recent times, and the stable wheat market has finally seen a splash. Although on October 12, Xinjiang will launch a national temporary 40,000 tons of wheat are stored, but because the quantity is small, the vintage is relatively old, and it is only auctioned in Xinjiang, the overall impact on the wheat market is small.
Looking at wheat prices from the upcoming National Day holiday, flour demand may increase, but due to the impact of the epidemic, consumption expectations are definitely not as good as in previous years, so wheat does not have the conditions to continue to rise. In addition, various regions With the new season corn on the market, some traders are selling wheat to clear their stocks.
It is recommended that everyone look at the trend fluctuations of wheat prices rationally, choose a buying and selling strategy that best suits you, and sell in a timely manner.
What do you think?