Category: Analysis

Soybean crush margins in China fell sharply in the past two weeks as fears of crop damage in Brazil amidst continuous dry weather conditions fuelled a rally of soybean complex futures. Board margins for front-month shipments of Brazilian soybeans into China sank to -$25-30/ton last week and continued to hover at the level of $-20/ton… Continue reading Dry weather in Brazil weighs on China soybean crush margins, DCE futures

Chinese regulators have approved the country’s first ever batch of genetically modified organism (GMO) corn seeds one of which was developed by Beijing Dabeinong Technology Group, according to an official announcement from the company on Tuesday (December 28). The seed, DBN3601T, was granted a GMO safety certificate by China’s Ministry of Agriculture and Rural Affairs… Continue reading China mulls approval of first batch of GMO corn seeds amid self-sufficiency push

The national average hog price was up slightly over the weekend to 16.75 yuan/kg (US$2,634 per ton). Future rallied into multiweek highs at the end of last week but were weaker this week. Tang Renshen, a large publicly listed hog breeder, says they expect the consolidation trend in the industry to continue for the next… Continue reading Market participants remain bearish about hog prices going into 2022

Shares of Chinese companies in the agriculture sector traded sharply higher on Monday with several stocks hitting a limit-up as China sets a new agenda for the sector in a critical meeting over the past weekend. The Chinese government called for “stable production and supply” and “stable agriculture and rural development” in the Central Rural… Continue reading China agriculture equities surge as government urges higher soybean output in 2022

China’s Ministry of Agriculture and Rural Affairs (MARA) laid out their goals for the 14th five-year plan on Friday, proposing that the self-sufficiency rates should be 95% for pork, 85% for beef and mutton, 70% for milk and 100% for poultry and eggs by 2025. However, feed grain imports likely to remain strong given China’s… Continue reading China feed grain imports to stay strong despite self-sufficiency push

Chinese purchases of 2021/22 Brazilian new crop soybeans jumped last week as buying interest from state-owned companies strengthened, according to several market sources. Out of 17 cargoes traded last week, eight were contracted for March 2022 shipment from Brazil for new crops that are yet to be harvested, three traders informed Sitonia Consulting. Seven more… Continue reading China’s 21/22 Brazilian new crop soybean purchases spike on state-backed interest, US buying slumps

China imported a new record amount of barley in November this year as feed makers sought cheaper alternatives amid slumping corn imports. Barley imports into China topped 1.53 million tons last month, surpassing the previous record of 1.51 million tons in September 2021, according to data from China Customs. China’s November barley imports was up… Continue reading China monthly barley imports hit new record on falling corn imports

Cash and futures prices for soybean oil and rapeseed oil in China have been edging lower in recent weeks but retail prices for vegetable oils continue to strengthen. The most liquid soybean oil futures contract on Dalian Commodity Exchange closed at 8,410 yuan/ton (US$1,322 per ton) on Friday, down more than 13% from the previous… Continue reading Falling vegoil price in China struggles to combat retail price inflation