Author: Darin Friedrichs

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

China agriculture equities surge as government urges higher soybean output in 2022

Pouring corn grain into tractor trailer after harvest at field

Shares of Chinese companies in the agriculture sector traded sharply higher on Monday with several stocks hitting a limit-up as China sets a new agenda for the sector in a critical meeting over the past weekend. The Chinese government called for “stable production and supply” and “stable agriculture and rural development” in the Central Rural… Continue reading China agriculture equities surge as government urges higher soybean output in 2022

China feed grain imports to stay strong despite self-sufficiency push

hemp sacks containing rice

China’s Ministry of Agriculture and Rural Affairs (MARA) laid out their goals for the 14th five-year plan on Friday, proposing that the self-sufficiency rates should be 95% for pork, 85% for beef and mutton, 70% for milk and 100% for poultry and eggs by 2025. However, feed grain imports likely to remain strong given China’s… Continue reading China feed grain imports to stay strong despite self-sufficiency push

China’s 21/22 Brazilian new crop soybean purchases spike on state-backed interest, US buying slumps

Chinese purchases of 2021/22 Brazilian new crop soybeans jumped last week as buying interest from state-owned companies strengthened, according to several market sources. Out of 17 cargoes traded last week, eight were contracted for March 2022 shipment from Brazil for new crops that are yet to be harvested, three traders informed Sitonia Consulting. Seven more… Continue reading China’s 21/22 Brazilian new crop soybean purchases spike on state-backed interest, US buying slumps

Imports of corn and alternatives likely to remain high: government researcher

Xi Yinsheng, director of the Macroeconomic Research Office of the Rural Economic Research Center of the Ministry of Agriculture, recently gave a media interview where he estimated that corn imports in 2021 may reached 29 million tons, and imports of alternatives such as sorghum, barley, and DDGS may reach 25 million tons. During the interview… Continue reading Imports of corn and alternatives likely to remain high: government researcher

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China monthly barley imports hit new record on falling corn imports

China imported a new record amount of barley in November this year as feed makers sought cheaper alternatives amid slumping corn imports. Barley imports into China topped 1.53 million tons last month, surpassing the previous record of 1.51 million tons in September 2021, according to data from China Customs. China’s November barley imports was up… Continue reading China monthly barley imports hit new record on falling corn imports