Wheat prices in Hubei were up 10 yuan per ton over the past week to the highest level since July 2024. Part of what is driving higher wheat prices is increased demand for feed. Large feed companies are reportedly purchasing wheat at 2580-2640 yuan per ton, up 40-60 yuan since the start of the month.
Flour and bran prices were also lower over the past week, which pushed milling margins further into the negative.
Wheat prices tend to be quoted in yuan per jin (half kg). Many purchasers are now buy...