Author: Darin Friedrichs

Soybean imports fall in January-February period

Soybean imports in January and February totaled 12.5 million tons, down 7.8% year on year. January imports were 6.57 million tons, down 15.5% year on year, while February imports were 5.98 million, up 2.5% year on year. Marketing year-to-date imports are 38.2 million tons, up 4% year on year….   Subscriber content: Sitonia Consulting provides… Continue reading Soybean imports fall in January-February period

Heilongjiang faces tight corn supplies

Farmers in Heilongjiang have now sold over 80% of their crops, which is leading to rising prices and tightness in supplies. Heilongjiang’s grain stockpiling agency notes that due to this tightness and rising prices, farmers are more reluctant to sell their remaining corn. Some corn processors in the northeast are reducing their operating rates due… Continue reading Heilongjiang faces tight corn supplies

Futures Recap

Chinese agricultural commodities were sharply higher to start the week. No.1 domestic soybeans reached their highest levels since 2024. The May contract had volumes of 518k, the highest since 2020. No.2 imported soybeans hit limit-up in the morning session, but pared gains in the afternoon sessions. Corn spiked higher in the morning but ended the… Continue reading Futures Recap

Poultry breeders report strong February revenue

Poultry breeder Yisheng reported that it sold 52.9 million broiler chicks in February, up 1.2% year on year, but revenue was 183 million yuan, up 48.2%. Sales of the company’s domestic broiler breed were 7.4 million chicks, down 15.4% year on year, but revenue was also higher by 5.2%. Minhe Group reported broiler chick sales… Continue reading Poultry breeders report strong February revenue

Winter wheat areas see more rainfall, but areas with excessive soil moisture fall

The average temperature in agricultural areas of China was 1-2C higher than normal last week. The northeast and northern China were generally colder than normal. Much of the wheat belt in northern China saw rainfall, with most areas seeing 10-25, but some areas of Henan seeing 25-50mm. Much of Henan province still has excessive soil… Continue reading Winter wheat areas see more rainfall, but areas with excessive soil moisture fall

Consumer price inflation highest since 2023

Consumer prices rose 1.3% year on year in February, exceeding analyst estimates of a 0.8% increase. This is also the highest rate of consumer inflation since January 2023. The food, alcohol, and tobacco category rose by 1.4% year on year, contributing an increase of 0.41 percentage points. Vegetable prices were 10.9%, contributing an increase of… Continue reading Consumer price inflation highest since 2023

Futures Recap

No.1 soybeans have been consolidating at their recent highs but were over 2% higher in the overnight session. No.2 imported soybeans also continue to rally, with prices up 1.6% during the day session, and another 1.7% in the evening session. Soybean meal prices were sharply higher in the day session and continued higher in the… Continue reading Futures Recap

Weekly Summary and Outlook – March 2-6

This week saw China reopening trade to Canadian canola by lowering the anti-dumping duty from 75.8% to 5.9%. The hog sector continues to be squeezed, with cash prices falling below 10.50 yuan per ton, the government potentially lowering the breeding sow herd target, and the government calling in hog producers for another round of meetings… Continue reading Weekly Summary and Outlook – March 2-6

Henan prices; futures recap

Henan Cash Prices Futures Recap…   Subscriber content: Sitonia Consulting provides market intelligence on Chinese agricultural markets. For a free trial, please visit here or email info@sitoniaconsulting.com   Please login to view this page.

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