Category: Commentary

Price Update Futures Recap

Protein Price Update Egg prices were up 5.9% week on week, according to the latest price monitoring from the Ministry of Agriculture. That puts prices up 21.3% year on year. This data series covers 500 agricultural markets across China. This most recent data is from the first week in June. Egg prices have been moving… Continue reading Protein price update; futures recap

Wheat harvest nears 65% complete As of June 8, China’s harvest of wheat was 64.6% complete. Anhui is basically complete, Henan is over 95%, Jiangsu is over 70%, Shandong is over 30%, Shaanxi is nearly 30%, and Hebei and Shanxi are over 10%. The weather outlook remains positive for the remainder of the harvest. On… Continue reading Wheat harvest; stockpiling corruption; futures recap

Price Update Protein Price Update Futures Recap Markets were generally lower today. Sinograin announced that it would auction 150k tons of imported corn on June 5. This isn’t a large amount and seems to be a one-off auction, but it has come at a time when the market is already weighing bearish factors such as… Continue reading Price updates; futures recap

Wheat harvest progresses quickly As of June 3, China’s wheat harvest progress was at 42.2%. Progress in Anhui exceeded 80%, Henan is over 60%, Jiangsu is nearly 30%, Shaanxi and Shandong are over 10%, and Shanxi has started harvesting. Futures Recap

Subway station wheat harvest and land dispute cases With wheat harvest ongoing in Henan, an unusual story of planting wheat around a station of Zhengzhou’s metro system has received a large amount of attention. The station was approved in March 2019 and began operations in December 2024. Originally, the areas around the stations were grass… Continue reading Subway wheat; rice auctions; futures recap

Corn auctions see increase in purchased volume Over the past week, Sinograin held 14 auctions of corn with a listed volume of 128.6k tons. 33.3k tons, or 25.9%, were purchased by the market. There were 18 rounds of corn purchased with a volume of 353.9 tons. 334.3k tons, or 97.3%, were purchased. There were 12… Continue reading Corn auctions; soybean shipments; planting progress; futures recap