Category: Analysis

Over the past 24 hours, rains have been limited to the southwest, with the highest rainfall in Sichuan at 89mm (3.5 inches). Forecasts from September 24 8pm to September 25 8pm have large areas of Henan seeing 25-50mm (1-2 inches), with the highest amount of 75mm (3.0 inches). The border area between Shaanxi, Chongqing, and… Continue reading Rains move east, risking harvest damage to Henan crop

Piglet prices continued to fall this week, down another 1.1%. Based on price tracking by the Ministry of Agriculture, this is the lowest price since at least September 2018. Milk prices continue to rise, reaching 3.08 yuan per KG, up 1.7% year on year. This is the highest level since May 2025. Beef prices continue… Continue reading Protein Price Update – Piglet prices continue fall to multi-year lows

On Tuesday, Sinograin auctioned 543k tons of imported soybeans. The market purchased 339k tons, or 62.4%, at an average price of 4,400 yuan per ton. The next round is scheduled for September 28, with another 514k tons of imported soybeans from 2022 through 2024 auctioned. The areas include 12 areas across China. The last two… Continue reading Latest round of soybean auctions sees high prices, mixed participation

China’s chicken exports in four major categories were 137.2k tons in August, flat compared to July, up by 47% year on year. From January through August, exports are 929k tons, up 49% year on year, as China continues to expand poultry exports. In a very short period, China has shifted from a net importer of… Continue reading August export data shows China’s shift to a net exporter in poultry and soy oil

Barley imports in August were 1.2 million tons, with Australia maintaining its position as the largest supplier with a 69% market share for the month, and 72% for the year. The composition of importers is basically the same as last year. Corn imports were nearly all from Argentina, with Argentina now having the largest market… Continue reading Detailed import data shows Argentina the largest corn supplier for 2026

Ahead of Xi’s arrival in Washington for talks, China announced new restrictions on exports of precursor chemicals used in fentanyl production. The Ministry of Commerce, Customs, and the Ministry of Public Security announced the addition of new chemicals to the list. This requires an export license for shipments to the US, Mexico, or Canada. There… Continue reading China adjusts export controls on precursor chemicals ahead of talks

Wheat prices were up slightly in Hubei last week, while flour and bran prices continued to fall. New crop corn is being harvested and entering the market at prices around 2,160-2,220 yuan per ton, down 40 yuan per ton compared to last week. Hubei’s grain bureau notes that this leading to a wider spread in… Continue reading Early corn harvest in central China increases quality spread in wheat

The National Development and Reform Commission held its September press conference, with a large portion covering the effects and preparations for El Niño. The spokesperson said China has built over 1 billion mu (66.7 million hectares) of high-quality farmland and irrigates over 1.09 billion mu (72.7 million hectares), which help mitigate the effects of the… Continue reading NDRC covers El Niño risks and anti-involution efforts in September press conference

Soybean shipments from Brazil to China were slightly higher last week at 1.58 million tons. YTD shipments based on lineup data were 73.4 million tons, up 1.5% year on year. Shipments from the US Gulf increased to 447k tons, the highest since February 2026. Grain and feed shipments from Brazil to China picked up last… Continue reading Highest US soy shipments since February, Brazil sorghum exports accelerate