Category: Analysis

In digging through soybean and corn planting subsidies, I also came across information for equipment subsidies. In order to modernize its agricultural sector, China provides equipment subsidies for farmers to upgrade tractors, combines, and other equipment. This week, Teili County in Heilongjiang announced they would be suspending their processing of these subsidies. It said that… Continue reading Equipment subsidies and modernizing Chinese agriculture

As of September 20, Henan province reports wheat purchases by companies at 18.49 million tons, and purchases under the government’s minimum price purchases at 1.3 million tons. The purchases at minimum prices are down sharply compared to last year, which ended September at 8.5 million tons. With this year’s minimum-price purchases ending next week, the… Continue reading Wheat purchases at minimum prices down sharply year on year

Uruguay’s Undersecretary of the Ministry of Livestock, Agriculture and Fisheries said the country had been contacted by Australia and Brazil about transferring its unused import quotas for Chinese beef imports. Uruguay has a quota of 324k tons, and through August had only filled 31% of it. Brazil and Australia have already exhausted their quotas. The… Continue reading Uruguay, Brazil, Australia discuss trading beef quotas

The Zhengzhou Commodity Exchange announced it was seeking comments on a draft proposal for futures and options on sunflower oil. Sunflower oil imports have been falling in recent years. Imports peaked at 1.95 million tons in 2020 but fell to 523k tons in 2025. The ZCE has a relatively wide mix of agricultural futures. It… Continue reading Zhengzhou exchange proposes sunflower oil futures and options

A farmer in Heilongjiang received a higher government payment for planting soybeans this year. His 19-foot by 19-foot field of soybeans earned him a subsidy payment of 19.42 yuan, or $2.90. But this small field illustrates the bigger shift in planting area this year, and why China’s soybean self-sufficiency efforts have had mixed results. Despite… Continue reading China raised soybean subsidies, but farmers planted less

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