Wheat prices in Hubei were marginally higher over the past week. Hubei’s grain stockpiler notes a lack of corn in markets in northern China. They describe this as a situation where “there is a price but no market.”
Some feed companies have increased purchases of wheat after the holiday. Wheat is about 200 yuan per ton more expensive than corn. From a price perspective, that shouldn’t be happening because it’s not economical. If companies are purchasing wheat for feed, it would indicate a very ti...