Author: Darin Friedrichs

China published the draft of its five-year plan, which looks to increase agricultural production capacity. The draft calls for a stabilization in the production of rice and wheat, but to increase production of corn and soybeans. The main priorities of the government in this regard are increasing technology and mechanization, improving seed quality, the protection… Continue reading Five-year plan draft calls for increasing corn and soybean production, regulating hog industry

Higher temperatures in February helped to mitigate some of the effects of late planting of winter wheat due to insufficient growing degree days. Going into the overwintering period, accumulated degree days in Henan were 35% lower than normal and 38% lower than the same time last year. Higher temperatures in February helped to narrow this… Continue reading Wheat conditions continue to lag despite higher February temperatures

The national auctions of reserve wheat on Wednesday saw strong results with 85% of the wheat being purchased, and an average price of 2364 yuan per ton. This is 16.5 yuan per ton higher than the auction last week. Since the start of the year, 1.4 million tons have been purchased by the market through… Continue reading Wheat auctions see strong sales and rising prices

Hog companies met with government agencies on Tuesday, with the main areas of focus being support for farmers, regulating production capacity, and improving the early warning information for capacity and prices. There are also some rumors following this meeting that the government is now looking to reduce the breeding sow capacity to 36.5 million, down… Continue reading Hog companies meet with government; breeding sow target cut further

The national average temperature in China in February was 0.4C which was 2.3C higher than normal. The national average precipitation was 12.2mm, which was 3.1mm lower than normal. Winter wheat crops entered the greening and tillering period 3-10 days earlier than normal due to higher temperatures, but the main production region of the Huanghai plain… Continue reading Winter wheat still lagging in degree days after higher February temps

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Wheat prices in Hubei were marginally higher over the past week. Hubei’s grain stockpiler notes a lack of corn in markets in northern China. They describe this as a situation where “there is a price but no market.” Some feed companies have increased purchases of wheat after the holiday. Wheat is about 200 yuan per… Continue reading Tightness in corn supply supports wheat feeding

Cash hog prices fell to multi-year lows on Tuesday, with prices at 10.65 yuan per ton, down 15.4% over the past month and down 28.1% over the past year. Futures prices also continued to fall. May futures continued to trade into new contract lows, reaching an intraday low of 11,120 yuan per KG. Xinfadi wholesale… Continue reading Hog prices fall to multi-year low as feed prices rise