Category: Analysis

Commercial soybean meal stocks in China continued to hover near the lowest level in 11 months as strong feed demand from the hog industry outpaces soybean imports. Based on Sitonia Consulting survey of major crushers and traders, the average of commercial soymeal stocks estimate in China currently comes in at around 550,000 tons, the lowest… Continue reading Quick Insight: Low soymeal stocks in China could further upset hog price

As hog prices in China have fallen, so have piglet prices. Firms are looking for ways to cut costs, improve the efficiency of their operations, and improve their margins. This has led to many companies reducing their purchases of piglets from third-party operations and has led to a steep decline in piglet prices. Piglet prices… Continue reading China piglet prices plunge amid slowing industry expansion

China has almost finished its buying of January 2022 shipments of soybeans as of this week. Many large crushers have already started contracting 2021/2022 Brazilian new crop soybeans for shipments in the first and second quarter of next year. This was faster than many had expected in the market. Estimates for China’s total soybean demand… Continue reading China’s early finish of January soybean purchases could alter US export figure

The live hog price in China is expected to remain in a downward trajectory as selling pressure piled up amid an oversupplied outlook, the Chinese state planner said. At the end of last week, live hog prices in China slipped 0.75% week on week to 18.61 yuan/kg (US $2,922/ton), data from China’s National Development and… Continue reading Bearish hog price to linger in coming weeks

Farmer selling in China progresses at a strong pace but auctions lags behind as…

US pork stocks to rise as China buys less, China books more sorghum…

In recent years, China has gone from a relatively small player in the international corn market to be the world’s biggest importer, bringing in 29.5 million tons during the 20/21 marketing year. This volume easily eclipsed the previous leaders Japan (15.5m tons) and Mexico (16.5m tons). China just harvested its largest ever corn crop at… Continue reading The Big Read: A crossroad for China’s corn market

Eleven months after the debut of hog futures trading in China’s Dalian Commodity Exchange (DCE), the main contract had lost more than half of its value this year, trading at 14,560 yuan/ton ($2,293/ton) on Wednesday. Despite a sharp rebound of 30% off the record low of 13,365 yuan/ton ($2,105/ton) during October 2021, the contract broke… Continue reading Why is China hog futures slumping during a “peak demand” season?

China’s total soybean imports in November this year rebounded sharply to 8.57 million mt after sliding for two consecutive months as delayed cargoes arrived. The imported volume last month was up more than 67% from the previous month, but it was still more than 10% lower than the volume cleared in November 2020, according to… Continue reading China Nov. soybean imports hit three-month high, 2021 total to hit new high