Total live hog sales in December last year from top five publicly trade hog producers in China reached the second highest level for the year as herd-dumping accelerated ahead of the upcoming holiday season. Nearly 8.5 million heads of live hogs were sold by the biggest five hog producers that have their shares listed on… Continue reading China Dec. live hog sales at second highest in 2021
Author: Darin Friedrichs
Soymeal basis surges on omicron outbreak; Hog market remains bearish
Soymeal cash basis in China surged on Monday in the face of…
How omicron could dramatically change commodity demand in China
Tianjin is launching a citywide testing campaign after detecting community-wide transmissions of the covid omicron variant and these cases have already spread to Henan province. China is now entering a new stage of the pandemic, and the omicron variant poses a serious threat to China’s ability to maintain its zero-covid policy. This could lead to… Continue reading How omicron could dramatically change commodity demand in China
Record wheat production; Wheat quality troubles linger; Farmer sales rise
China 2021 wheat output to reach new record high: CNGOIC Wheat production in China last year is estimated to hit a new record level of nearly 137 million tons, according to latest estimate from China’s National Grain and Oils Information Center (CNGOIC). This means wheat production in China in 2021 will be 2% higher than… Continue reading Record wheat production; Wheat quality troubles linger; Farmer sales rise
2022/23 new crop US soybeans demand spike as Brazil crop damage fear mounts
The trading of unplanted 2022/23 new crop US soybeans spiked this week as international trading houses and Chinese importers demand jumped amid rising concerns of lower-than-expected 2021/22 Brazilian soybean output due to draught weather. About ten cargoes of new crop US soybeans were said to have changed hands on both FOB and CFR China basis… Continue reading 2022/23 new crop US soybeans demand spike as Brazil crop damage fear mounts
Pork price slides; Hog company earnings improve; Covid cases consistent
Pork price in China fell for the first time in three months…
Cargo market update: buying pace down sharply due to negative margins, holiday season
China’s purchases of soybean cargoes slowed drastically in the past two weeks as negative crush margins and holiday season deterred buying interests. About five cargoes of Brazilian 2021/22 new crop were sold to China last week for shipments between February and April 2022, according to trade sources, halved from the week before and only accounted… Continue reading Cargo market update: buying pace down sharply due to negative margins, holiday season
Food inflation hits popular noodle brand, first price increase in a decade
The latest company to raise prices is Japanese instant noodle maker Nissin Foods, producer of the famous “Cup Noodle” brand. The prices of the company’s products sold in China are set to increase on March 1, 2022, marking the first time in 11 years that the company has raised prices. They cite “cost pressure caused… Continue reading Food inflation hits popular noodle brand, first price increase in a decade
Inflationary pressure mounts; Robust wheat auction; Rapeseed oil futures slump
Inflationary pressure continued to mount in China and has begun to impact one of the core sectors…
China soymeal futures hit 4-month high amid lower South American output
Soybean meal futures on China’s Dalian Commodity Exchange continued to edge higher on Wednesday as concerns of a lower-than-expected Brazilian and Argentinian 2021/22 crops are in the limelight. The most liquid DCE soymeal contract gained another 1% on Wednesday to reach the highest level since late August 2021 at 3,298 yuan/ton (US$518/ton). DCE soymeal futures… Continue reading China soymeal futures hit 4-month high amid lower South American output