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Chinese national temporary storage wheat auctions saw a weekly rebound in stored-wheat turnover, but new-crop wheat prices remain weak. Cumulative figures cited show 12.97 million tons offered, 385,678 tons sold (a 2.97% transaction rate) at 2,466-2,500 yuan/ton, with most lots sold at the auction floor price.
Weak auction uptake and floor-level clearing show that the state reserve is not absorbing surplus new-crop wheat, which keeps domestic Chinese wheat prices under pressure and limits support for feed wheat use.
mysheen.comNov 13, 2026Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
