Author: Darin Friedrichs

GMO corn auctions rebound in second half of December

Discharge of bulk wheat by crane from the vessel

State-run auctions of imported GMO corn reserves picked up in the latter half of December 2021 with offered volume rising from 55,000 tons in mid-December to nearly 148,000 tons last Friday. Sale volume at auctions hit 88,446 tons last Friday reaching the highest level since December 17, data from stockpiler Sinograin showed. The clearance rate… Continue reading GMO corn auctions rebound in second half of December

Wheat auctions, corn sales rise, ingredient focus

China initiates first minimum-price wheat auction for 2022 amid price surge China is to have its first auction of state wheat reserves in 2022 next Wednesday (January 5) in an attempt to combat a spiking domestic wheat price as demand rose sharply in 2021. Half of a million tons of wheat reserves of 2014-2020 harvests… Continue reading Wheat auctions, corn sales rise, ingredient focus

China’s soybean “soft spot” may take a long time to solve

Recent announcements from China on increasing its soybean productions in 2022 provoked new discussions on whether the country can achieve that goal given the existing tight balance of food supply and demand. “The long-term insufficient supply for use in [animal] feed and [vegetable] oil has become part of China’s biggest food security weakness”, the state-run… Continue reading China’s soybean “soft spot” may take a long time to solve

Dry weather in Brazil weighs on China soybean crush margins, DCE futures

Aerial image of soybean field with problematic parts of ground, shoot from drone

Soybean crush margins in China fell sharply in the past two weeks as fears of crop damage in Brazil amidst continuous dry weather conditions fuelled a rally of soybean complex futures. Board margins for front-month shipments of Brazilian soybeans into China sank to -$25-30/ton last week and continued to hover at the level of $-20/ton… Continue reading Dry weather in Brazil weighs on China soybean crush margins, DCE futures

China mulls approval of first batch of GMO corn seeds amid self-sufficiency push

Corn and Grain Handling or Harvesting Terminal. Corn Can be Used for Food, Feed or Ethanol

Chinese regulators have approved the country’s first ever batch of genetically modified organism (GMO) corn seeds one of which was developed by Beijing Dabeinong Technology Group, according to an official announcement from the company on Tuesday (December 28). The seed, DBN3601T, was granted a GMO safety certificate by China’s Ministry of Agriculture and Rural Affairs… Continue reading China mulls approval of first batch of GMO corn seeds amid self-sufficiency push

Market participants remain bearish about hog prices going into 2022

The national average hog price was up slightly over the weekend to 16.75 yuan/kg (US$2,634 per ton). Future rallied into multiweek highs at the end of last week but were weaker this week. Tang Renshen, a large publicly listed hog breeder, says they expect the consolidation trend in the industry to continue for the next… Continue reading Market participants remain bearish about hog prices going into 2022