On Wednesday, the latest national auctions of wheat saw 799.7k tons offered. 717.1k tons, or 89.7%, was purchased, and the average price was 2390 yuan per ton, up 7 yuan per ton compared to last week.
These continue to be very strong results. Since the start of this year, 1 million tons of wheat have been bought in Sinograin’s auctions of minimum purchase price wheat.
Of the volume purchased, 401k tons was 2017 wheat in Henan province.
Something to consider is that buying from these auctions is ...