Price monitoring of main grain varieties by national development and Reform Commission in mid March 2005

Introduction: the price monitoring center of the national development and Reform Commission has tracked and monitored the domestic and international grain markets It shows that in the middle of March 2005, the prices of rice, corn and soybean in the main grain producing areas of China rose, while the prices of wheat fell steadily In the international market, the prices of rice, corn and soybean rose, while the prices of wheat rose and fell Domestic market wheat: the national average purchase price of state-owned and non-state-owned grain enterprises of red wheat mixed products is 74.1 yuan (every 50 kg, the same below), 0.27% lower than that in the first ten days; the sales price is 77.28 yuan, 0.13% higher Among them, the purchase price of Jiangsu Province was 72.13 yuan, down 0.51%; that of Hubei Province was 73.25 yuan, down 1.1% The national average purchase price of white wheat mixed products was 77.32 yuan, flat; the sales price was 79.29 yuan, up 0.05% Among them, the purchase price of Hebei Province was 80.87 yuan, down 0.02% The national average purchase price of mixed wheat and other products was 76.71 yuan, down 0.01%; the sales price was 77.69 yuan, down 0.04% Among them, the purchase price of Shandong Province is 78.32 yuan, down 0.32%; Anhui Province is 74.38 yuan, up 0.51%; Shaanxi Province is 78.57 yuan, down 0.39% Rice: the national average purchase price of early indica rice mixture was 76.72 yuan, up 0.08%; the sales price was 78.94 yuan, up 0.19% Among them, the purchase price of Hunan Province was 72.72 yuan, up 0.46%; the purchase price of Hubei Province was 70.63 yuan, up 0.18% The national average purchase price of late indica rice mixture was 79.11 yuan, up 0.58%; the sales price was 81.85 yuan, up 0.57% Among them, the sales price of Hunan Province was 79 yuan, up 1.7%; the sales price of Hubei Province was 73.6 yuan, up 1.2%; the purchase price of Jiangsu Province was 78.98 yuan, up 0.32% The national average purchase price of Japonica rice hybrids was 90.07 yuan, up 0.74%; the sales price was 93.54 yuan, up 0.92% The purchase price of Zhejiang Province was 88.5 yuan, and that of Jiangsu Province was 91.58 yuan, up 0.19% and 0.58%, respectively Corn: the national average purchase price of corn mixture is 50.29 yuan, up 0.08%; the sales price is 55.08 yuan Among them, the purchase price of Heilongjiang Province was 46.08 yuan, down 1.24%; that of Liaoning Province was 46.63 yuan, up 2.62%; that of Shandong Province was 58.13 yuan, down 1.12% Soybean: the national average purchase price of soybean mixture is 128.37 yuan, up 2.33%; the sales price is 133.2 yuan, up 2.3% Among them, the purchase price of Heilongjiang Province was 127.5 yuan, up 2.9%; the sales price was 130.88 yuan, up 2.39% Rice in the international market: the price of rice in Thailand market is 100% broken, the price of Grade A is 325 US dollars / ton, up 1.4%; the spot price of rice containing 25% broken is 281.2 US dollars / ton, up 0.5% Wheat: Chicago wheat futures price is 356 cents / bushel, 130.7 US dollars / ton, up 7.58%; Canadian hard wheat spot price is 185.3 US dollars / ton, down 2.1% At present, the increase of wheat price in the United States is more driven by the fund than the significant change of supply and demand, which is also the main reason for the stable and declining trend of wheat price in countries outside the United States It is expected that this strong rise in US wheat will not be sustained unless there is a significant positive change in global wheat supply and demand The global wheat production is expected to reach a record 621 million tons in 2005, which will put pressure on the international wheat market, so the wheat price is likely to weaken in the near future However, in the medium term, the trend of wheat price will largely depend on the status of wheat crops in the northern hemisphere, and at present, the growth of winter wheat crops in these regions is good Corn: Chicago corn futures rose 5.3% to 220.3 cents / bushel (86.7 US dollars / ton), while Argentina corn spot price rose 2.88% to 86.3 US dollars / ton Soybean: Chicago soybean futures price was 659.8 cents / bushel, 242.3 US dollars / ton, up 6.6%; Brazil soybean spot price was 247.6 US dollars / ton, up 6.22% According to the North American Center for plant disease prediction, the current weather conditions may lead to a "serious threat" of Asian soybean rust spreading to new areas in the southeast of the United States As the soybean production in South America is expected to reduce by more than 7 million tons, hedge funds take the opportunity to speculate on Chicago agricultural futures, which has played a leading role in domestic futures.