Category: Analysis

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

Shares of Muyuan, the largest publicly traded hog producer in China, slumped in early trade falling over 6% after the company said nine of its 31 subsidiaries still had overdue commercial papers that hadn’t been paid to 384 counterparties. They reported that the outstanding amount was CNY7.56 million (USD1.19 million) down from CNY17.1 million at… Continue reading China’s blue-chip hog company faces financial stress amid weak pork prices

Corn output jumped to a new record, but soybean output declined for the first time in six years…

The government continues to be concerned about fertilizer production and the NDRC recently issued more guidance about power availability for fertilizer producers. The notice tells local economic management departments to encourage producers to sign medium- and long-term contracts with their coal suppliers. The volatility in thermal coal over the past quarter was a major contributor… Continue reading China to ensure stable electricity supply to fertilizer industry, paving ways for new crop planting

Here in Shanghai, we’re bundling up since temperatures across most of China have been dipping sharply over the past week. Between November 29and December 1 much of China saw temperatures dropping 6-8 C with much of eastern and northeastern China dropping as much as 12-14 C. These sharp drops in temperatures could affect the winter… Continue reading SNAP ANALYSIS: Cold weather, changing diet could boost China’s 21/22 wheat imports