Author: Darin Friedrichs

Soybean farming in an area of Jiangsu returned to profitability this year, with farmers earning 1,627 yuan per hectare, following two years of losses. The local Development and Reform Commission of a district in the province has regularly tracked soybean profitability over several years, and reports that farms returned to profitability. Yields were 2.78 metric… Continue reading Soybeans return to profitability in Jiangsu

On Tuesday, Sinograin auctioned 512k tons of imported soybeans. The results were relatively weak, with only 172k tons, or 34%, purchased. Prices continued to fall, with an average price of 4,105 yuan per ton, down 105 yuan per ton this week.

US soybean shipments to China hit 1.65 million tons last week, up from 1.28 million tons last week, and the highest since October 2024. Brazilian weekly shipments ticked up slightly to 1.0 million tons. Brazil continues to ship sorghum to China, with another 235k tons last week. Shipments now total 1.79 million tons since beginning… Continue reading US soybean shipments to China continue higher, hitting 1.7 million tons

Live hog futures were up over 4% on Tuesday, with open interest declining by 9.4%, following a Dalian Commodity Exchange rule change. January live hog futures have been under continuous pressure since September 9. From September 9 through October 26, prices had fallen by 23%. On October 23, the DCE raised the margin level for… Continue reading Hog futures rally sharply after DCE rules changes

As of October 23, harvest was over 80% complete. In the north, northeast, and northwest, harvest was over 80% finished. The Yangtze River Delta was over 60% complete, and the south was over 30% complete. Winter wheat planting was over 30% complete. In north China, planting is over 20% complete, the northwest is over 90%… Continue reading National harvest over 80% complete; winter wheat over 30% complete

The National Development and Reform Commission announced that the minimum floor price for wheat would remain unchanged for 2027 at 2,380 yuan per ton. This will be the third consecutive year when the floor price has been unchanged, with the last increase from 2,360 to 2,380 yuan per ton starting in 2025. Purchases under the… Continue reading Minimum wheat prices unchanged for 2027