Beijing continues to report more Covid cases linked to an outbreak in a…
Category: Commentary
Rising rapeseed price; Weaker yuan; Covid suspensions
Hubei reported that the price of rapeseed in the province rose to 6,800 yuan/ton this week, up…
Futures market recap; Covid update; US net sales to China
End of week futures recap Soy Meal +2.9% w/w – Prices remain in an uptrend and are approaching the previous contract high at 4,347 yuan/ton. Soybean imports for May were up marginally y/y, however expectations of slowing crush are keeping meal prices supported despite weaker demand as the hog industry trims overcapacity. Soy Oil +0.9%… Continue reading Futures market recap; Covid update; US net sales to China
Fertilizer exports drop; Soybean imports spike; More state pork purchase
According to data released by Customs, in the first 5 months of 2022 China exported 7.6 million tons of fertilizer, a drop…
Muyuan hog sales dip; Hubei wheat harvest; Rainstorm alerts
The monthly hog sale from China’s largest hog breeder Muyuan Foodstuffs retreated slightly but remained near…
Hog complex price firms; Soyoil futures at new high; Pre-made dish safety standard
The hog complex in China continued to lift domestic meat and feed prices to the upside…
Hog breeder misses target; New wheat seed approval; China cancels more US cargoes
The world’s largest animal feed producer and China’s major hog breeder New Hope Liuhe Group said it is likely to miss its target of…
Brazil soy exports to China; Hog subsidy; Cold-chain Covid outbreak
Based on preliminary vessel lineup data, Brazil exported 5.7 million tons of soybeans to China in May. This drop follows a decline…
Prices update; Wheat harvet progress; Yunnan crop output; US exports to China
Prices for hog complex in China continued to show bullishness in the last week of May with the national average piglet price up…
Tax breaks to save economy; Shanghai grocery services resume; Peanut planting completes
China’s State Council announced that companies in several heavily impacted industries wouldn’t be required to pay into the country’s…