The start of the Chinese New Year holiday is now one month away, and grain auctions are continuing.
Sinograin announced another round of wheat auctions with 200k tons being listed for sale on January 21. Most of the wheat is relatively old, with 163k tons being from 2017, and 100k tons of that wheat being listed in Henan.
The previous auction was on January 7, with 199k tons listed, and 105k tons purchased by the market, with strong demand for the 2017 and 2018 wheat. Despite the additional supp...