date:Jul 04, 2013
, Fu said, if wheat prices are higher than or similar corn prices.
As of June 24, Zhengzhou Futures Exchange September wheat contract cost the equivalent of US$10.64 per bushel, while the Dalian Futures Exchange had a September corn price of US$10.61 per bushel.
If corn price increases, we will see more wheat be used as feed, Fu said, adding that if domestic wheat quality is not good, processors may import more high-quality wheat, and more domestic wheat will goes to the feed industry.
In the