Soybean shipments hit a new yearly high of 2.7 million tons over the past week. Since the start of the year, shipments are now at 14.5 million tons, down 3% year on year. Futures Recap… Subscriber content: Sitonia Consulting provides market intelligence on Chinese agricultural markets. For a free trial, please visit here or email… Continue reading Soybean shipments; futures recap
Author: Darin Friedrichs
Weather warning for heavy rains in southeast China
Temperatures were mixed to slightly higher over the past week. Conditions were generally good for winter wheat regions, with temperatures slightly above normal and minimal rains. Further south, areas around the Yangtze River saw heavy rain, with most areas seeing 50mm of rainfall, and some areas receiving over 100mm. These heavy rains have led to… Continue reading Weather warning for heavy rains in southeast China
Customs data by country
In the first two months of 2026, barley imports were 2.2 million tons, up from 1.7 million tons for the same period in 2025. The origins remain relatively similar, with Australia accounting for 80% of imports, compared to 68% of imports in Jan-Feb 2025. Corn imports were 545k tons, up from 177k tons in Jan-Feb… Continue reading Customs data by country
Futures Recap
Hog futures sold off every day this week and hit a new low of 10,215 yuan per ton. This week, prices were down 9.5%. These are the lowest prices since hog futures started trading in 2021, so as prices make new lows, there aren’t any levels of previous support…. Subscriber content: Sitonia Consulting provides… Continue reading Futures Recap
Wheat auctions increased as prices continue to rise
Wednesday’s auction of wheat saw 100% of the 501k tons offered being purchased by the market. The average price was 2441 yuan per ton, up 38 yuan from last week. This is also the second week in a row that all of the wheat available has been purchased by the market. Next week’s auction has… Continue reading Wheat auctions increased as prices continue to rise
Customs data
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Weather service changes wheat crop conditions reporting
In its latest update, the National Meteorological Center reports that 87.2% percent of the winter wheat crop is either the same quality or better than last year at this time based on remote sensing. However, it’s not very clear what the NMC is basing this on. Traditionally, wheat would be rated by classes. Class 1… Continue reading Weather service changes wheat crop conditions reporting
US-China; futures recap
US-China relations and potential for future purchases CBOT soybeans were limit-down yesterday on news that the Trump visit to China was postponed and due to uncertainty about additional soybean purchases. While there is uncertainty around those additional purchases, China has no reason not to continue with its agreement to purchase the 25 million tons per… Continue reading US-China; futures recap
Urea prices stable to lower as government enforces guidance
Urea prices in China are stable to slightly lower this week on government and industry guidance to keep prices stable. Prices were stable, or down 10-20 yuan per ton, with Anhui around 1800 yuan per ton, and most prices under 1850 yuan per ton. Several fertilizer sources are reporting that exports of phosphate and fertilizers… Continue reading Urea prices stable to lower as government enforces guidance
Brazil soy shipments to China still above 2MMT/week
Brazil loaded 2.2 million tons of soybeans to China last week, up slightly from the week before. US shipments picked up slightly out of the PNW but were stable from the Gulf. Since the start of the year, Brazil has loaded 11.1 million tons of soybeans to China, up 1% compared to this time last… Continue reading Brazil soy shipments to China still above 2MMT/week