There is little room for us wheat prices to rise or fall

Introduction: US agricultural network, April 19: according to the market outlook report released on Friday by Professor of agricultural economics at North Dakota State University, the risk of wheat futures falling is as big as the potential of rising He does not expect a significant reduction in wheat production this year, but at the same time, the wheat situation in the Central Plains deserves close attention Large wheat production will lead to lower prices in order to promote the feeding of wheat, but he believes that the risk of falling is as great as the potential of rising In the near future, the market focus is on the abandonment rate and growth situation of durum red winter wheat The latest report from the U.S Department of agriculture shows that 34% of winter wheat is rated excellent In 1996, the report of wheat crop progress showed that 27% of wheat was rated as excellent, the current wheat abandonment rate was 27%, and the yield per acre was 29.5 acres This year's situation is obviously better than that in 1996, but if the situation of other wheat crops is generally normal, but the situation of durum red winter wheat continues to decline, what impact should it have? Fleischlad believes that if there is a situation like that in 1996, there may be a rationing of wheat supply, but it will not be very serious Considering that the export area has been very low, so as long as we reduce the amount of wheat feed, we can easily meet the supply of wheat The ending inventory may still reach 20% of the total usage So in this case, the price of wheat may rebound by 50-75 cents.