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Category: Analysis
Weather service shows reduction in wheat ratings
In its latest weekly update for wheat conditions, the National Meteorological Center reports that 87.4% of the wheat crop is in the same or better condition than this time last year. This is up from 87.2% last week. It notes that in most areas, the crop development is 3-6 days earlier than this time last… Continue reading Weather service shows reduction in wheat ratings
Feed production rises to start the year
Feed production in January and February was 51.85 million tons, up 3.4% year on year, according to the China Feed Industry Association. Corn inclusions in feed were 46.9%, up 1 percentage point compared to December, and up 0.9 percentage points year on year. Meal inclusions were 13.0%, down 0.7 percentage points compared to December, and… Continue reading Feed production rises to start the year
Spread Update; futures recap
Spread Update Corn spreads continue to trade in a narrow range. Corn futures have been relatively steady compared with the volatility seen in oilseed and protein markets. In comparison, meal spreads have seen a large amount of volatility. The May/Sept traded to +76 on March 13 but is now back to a carry of 66.… Continue reading Spread Update; futures recap
Wheat prices flat in Hubei as local auctions increase
Wheat prices were flat over the past week in Hubei as auctions have increased. Hubei province auctioned 45.6k tons of reserve wheat, ranging from the 2022 to 2024 harvests. 100% of this wheat was purchased by the market and the average price was 2560 yuan per ton. … Subscriber content: Sitonia Consulting provides market… Continue reading Wheat prices flat in Hubei as local auctions increase
Strong wheat auction results but prices decline
In Wednesday’s national wheat auction, Sinograin listed 800k tons of wheat, with 93% of this being purchased by the market. The average price was 2398 yuan per ton, down 43 yuan per ton compared to last week. Since the start of the auctions, 3.6 million tons have been listed, with 3.0 million tons being purchased… Continue reading Strong wheat auction results but prices decline
Why does China want to reduce overcapacity in the hog industry anyway?
I was talking to a journalist yesterday about the situation in China’s hog market for a story they were writing. At one point, they asked why China even cares about overcapacity in the hog industry? These hog companies expand too much, some go out of business, and in the meantime, consumers get really cheap pork.… Continue reading Why does China want to reduce overcapacity in the hog industry anyway?
Spread Update – 2026-03-25
Spread Update 2026-03-25Download… 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.
Wheat Update – March 2026
Hog producer stock prices fall and government stockpiling begins
Hog futures continued to fall sharply on Monday. Prices have declined 10.3% over the past week and have fallen for six consecutive days. The selling has now affected the stock prices of companies in the industry, with Muyuan’s stock falling by 8.6% on Monday, and many other companies seeing prices sell off by over 5%.… Continue reading Hog producer stock prices fall and government stockpiling begins