Author: Darin Friedrichs

Farmer selling in China progresses at a strong pace but auctions lags behind as…

US pork stocks to rise as China buys less, China books more sorghum…

In recent years, China has gone from a relatively small player in the international corn market to be the world’s biggest importer, bringing in 29.5 million tons during the 20/21 marketing year. This volume easily eclipsed the previous leaders Japan (15.5m tons) and Mexico (16.5m tons). China just harvested its largest ever corn crop at… Continue reading The Big Read: A crossroad for China’s corn market

Eleven months after the debut of hog futures trading in China’s Dalian Commodity Exchange (DCE), the main contract had lost more than half of its value this year, trading at 14,560 yuan/ton ($2,293/ton) on Wednesday. Despite a sharp rebound of 30% off the record low of 13,365 yuan/ton ($2,105/ton) during October 2021, the contract broke… Continue reading Why is China hog futures slumping during a “peak demand” season?

China’s total soybean imports in November this year rebounded sharply to 8.57 million mt after sliding for two consecutive months as delayed cargoes arrived. The imported volume last month was up more than 67% from the previous month, but it was still more than 10% lower than the volume cleared in November 2020, according to… Continue reading China Nov. soybean imports hit three-month high, 2021 total to hit new high

Shares of Muyuan, the largest publicly traded hog producer in China, slumped in early trade falling over 6% after the company said nine of its 31 subsidiaries still had overdue commercial papers that hadn’t been paid to 384 counterparties. They reported that the outstanding amount was CNY7.56 million (USD1.19 million) down from CNY17.1 million at… Continue reading China’s blue-chip hog company faces financial stress amid weak pork prices