Spread Update – 2026-03-04

Spread Update 2026-03-04Download…   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. Username or E-mail Password Remember Me     Forgot Password

Futures Recap

No.1 domestic soybeans fell on Tuesday after following the sharp rally during February. Cash markets followed futures higher, but there was not much trading activity, with buyers not being interested at the elevated prices. No.2 imported soybeans hit a new contract high for the May 2026 contract. 3600 yuan per ton has been a level… Continue reading Futures Recap

Tightness in corn supply supports wheat feeding

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

Hog prices fall to multi-year low as feed prices rise

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

Soybean shipments to China see increasing US Gulf exports

Soybean shipments to China from Brazil were down slightly over the past week. Since the start of the year, Brazil has shipped 8.05 million tons to China, down 1% compared to this time last year. Exports from the US Gulf were strong at 596k tons, the highest since December 2024….   Subscriber content: Sitonia Consulting… Continue reading Soybean shipments to China see increasing US Gulf exports

2025 statistics; futures recap

2025 statistical recap shows tech growth and demographic challenges The National Bureau of Statistics published its 2025 Statistical Communiqué, which provides a summary of a wide range of social and economic indicators. Economy GDP growth was 5.0% but slowed throughout the year. Q1 2025 saw growth of 5.4%, but this had slowed to 4.5% in… Continue reading 2025 statistics; futures recap

Wheat belt moves into excessive soil moisture

Temperatures across agricultural areas in China were 1-4C higher than normal over the past week. Much of the northern wheat belt saw precipitation of 25-50mm of rainfall, with some areas seeing 50-100mm. Much of Henan and the surrounding areas are now reporting excessive soil moisture at 20cm. Although the higher temperatures are positive for plant… Continue reading Wheat belt moves into excessive soil moisture

Ag Min campaign to promote wheat growth

The Ministry of Agriculture announced it is implementing a 140-day campaign to strengthen spring field management, promote wheat seedling growth, combat weather disasters, and “secure a bumper summer harvest”. The ministry also said it was continuing its agricultural technology campaign to promote strong wheat seedlings which started back in November. This includes expert guidance groups… Continue reading Ag Min campaign to promote wheat growth

China slashes anti-dumping duty on Canadian canola

After removing tariffs on Canadian canola meal and oil on Friday, China announced it was dramatically reducing its anti-dumping duty on Canadian rapeseed. In its announcement, the Ministry of Commerce determined that Canadian canola was being dumped into China, and this caused material injury to the domestic rapeseed market. Because of this, the ministry announced… Continue reading China slashes anti-dumping duty on Canadian canola

Protein price update; futures recap

Protein Price Update Futures Recap Corn prices moved higher on Friday and were up nearly another 1% in the overnight session. Prices are at the highest level since July 2025 and are up 62 yuan per ton since resuming trading following the holiday….   Subscriber content: Sitonia Consulting provides market intelligence on Chinese agricultural markets.… Continue reading Protein price update; futures recap

Exit mobile version
%%footer%%