Wheat harvest in Hubei province is over 90% complete, and prices were lower over the past week. Due to rains during harvest, there was more sprouted and high-moisture wheat. There has been an active market developing for high-moisture wheat due to the heavy discounts, and Hubei’s grain reserve bureau notes traders from neighboring provinces are active in purchasing this high-moisture wheat.
Dry new crop wheat is currently being purchased for 2480-2500 yuan per ton but dried wheat that was close ...