China’s State Council held a press conference on Friday on handling suggestions from the National People’s Congress and included representatives from the Ministry of Agriculture, the Ministry of Science and Technology, the Ministry of Commerce, and the State Administration for Market Regulation. The Ministry of Agriculture said it would increase its efforts to raise production… Continue reading Ag Min talks production increases in State Council meeting
Author: Darin Friedrichs
China lifts some anti-dumping duties on Canada
China’s Ministry of Commerce announced it was lifting the 100% anti-dumping duties on Canadian rapeseed meal and peas effective from March 1 through December 31, 2026. In seafood trade, the 25% duties on lobster and crabs were also lifted. There was no announcement on Canadian rapeseed. The Ministry of Commerce had previously extended its anti-dumping… Continue reading China lifts some anti-dumping duties on Canada
Rainfall forecast for wheat and rapeseed areas
Widespread rain is expected in central and eastern China from February through March 2, according to the National Meteorological Center. Areas of Henan, Shandong, Jiangsu, and Anhui are expected to see rainfall of 10-25mm, with some areas of Jiangsu and Anhui seeing up to 50mm. Winter wheat crops in northern China are mostly entering their… Continue reading Rainfall forecast for wheat and rapeseed areas
Futures Recap
No.1 domestic soybeans continued higher, reaching the highest level since May 2024. Corn futures were unchanged on Thursday with the market consolidating. The spot market has still been relatively slow to restart after the holiday, and there hasn’t been much news or market action to push futures higher or lower. Soybean meal is near the… Continue reading Futures Recap
Henan Cash Prices
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Farmers faced larger losses due to increased labor costs and lower yields in 2025
China’s national-level statistics for costs of production can be very delayed, so it can be helpful to look at very local data to get a sense of farmers’ returns. Yongqiao District is part of Suzhou in Jiangsu province, and publishes some assessments tracked by the district’s Development and Reform Commission. For corn, they estimate losses… Continue reading Farmers faced larger losses due to increased labor costs and lower yields in 2025
Rise in corn prices supports wheat in central China
Wheat prices in Hubei are higher by 9 yuan per ton after the holiday and are at their highest level since August 2024. Hubei’s grain stockpiling agency mostly attributes the rise in wheat prices to the strength in corn prices in northern and northeastern China. They note corn prices in some areas of Hubei were… Continue reading Rise in corn prices supports wheat in central China
Spread Update – 2026-02-25
Spread Update 2026-02-25Download… 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.
Futures Recap
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Wheat auctions sales slow, but prices rise slightly
In the first national reserve auction of wheat following the holiday, 301k tons of wheat was listed, with 62%, or 186k tons being purchased by the market. The average price was 2348, up marginally from 2347 yuan per ton for the most recent auction on February 11. Similar to previous auctions, most of the wheat… Continue reading Wheat auctions sales slow, but prices rise slightly