Chinese state-owned companies are said to have begun contracting three million tons of US soybeans and corn in a goodwill move to smoothen talks with the US on the Phase One Trade Agreement that has ended on December 31 last year. At least five market sources confirmed on Thursday that there have been rumors of… Continue reading Market Flash: China rumors to buy 3m tons of US soybeans, corn for Phase One deal
Category: Analysis
China imports of US soybeans hit four-year high in 2021: data
Chinese soybean imports from the US surged 25% last year to the highest level since 2017 despite a bumper Brazilian supply as China aimed to fulfil the purchase target under the US-China Phase One Trade Agreement. Chinese imports of US soybeans reached more than 32 million tons in 2021 calendar year, up nearly 25% from… Continue reading China imports of US soybeans hit four-year high in 2021: data
China soybean cargo purchase slumps as crush margins worsen
Chinese buying of soybean cargoes from Brazil and the US plunged last week as crush margins for shipments in the second quarter of 2022 worsened sharply. Fewer than five soybean cargoes were sold to China last week, more than 50% lower than the volume in the week before, according to sources. Gross margins for shipments… Continue reading China soybean cargo purchase slumps as crush margins worsen
Poultry price eases in China amid bearish outlook
Poultry prices in China have begun to slump after a rally in the second half of 2021, and the market is not optimistic about the price outlook. Poultry prices shot higher along with pork prices in 2019 due to the severe outbreak of African swine fever in China. Consumers who found pork prices too expensive… Continue reading Poultry price eases in China amid bearish outlook
Decline in hog prices triggers government alert in China
Live hog prices have fallen to the lowest level since October as large supplies and weak demand weigh on prices ahead of the Chinese New Year holiday. China’s state planner National Development and Reform Commission (NDRC) has issued a tier 3 level alert, the lowest level, for excessive declines in margins as the ratio of… Continue reading Decline in hog prices triggers government alert in China
China grains, soyoil imports hit new record in 2021
Chinese imports of grains and soybean oil last year climbed to the highest level on record as weak pork price boosted feed grain demand but dampened domestic oilseed crushing activities. Imports of the top four feed grains – barley, corn, wheat, and sorghum – into China in 2021 calendar year all jumped. In particular, corn… Continue reading China grains, soyoil imports hit new record in 2021
China pork output, hog herd surge amid GDP rebound
Pork output and hog herd in China spiked in 2021 along with a general uptick of economic activities in the world’s second largest economy, latest government data showed Monday. Pork output surged more than 28% on the year to nearly 53 million tons, the highest level since 2018, according to data published by China’s National… Continue reading China pork output, hog herd surge amid GDP rebound
China annual soybean imports fall for first time in four years
The import volume of soybeans by China in 2021 dropped for the first time in four years as weak margins and logistic disruption dampened buying progress. China imported a total of 96.5 million tons of soybeans in 2021 calendar year, down nearly 4% from the previous year. This is the first time China’s annual soybean… Continue reading China annual soybean imports fall for first time in four years
China cuts 21/22 corn demand estimate amid weak hog price, strong substitutes
Corn demand in China in current marketing year is expected to be lower than previously projected as continued poor hog price in the country capped herd growth and substitution of cheaper alternatives increased. China’s Ministry of Agriculture and Rural Affairs (MARA) slashed its estimate of corn demand by 3 million tons from the previous level… Continue reading China cuts 21/22 corn demand estimate amid weak hog price, strong substitutes
Is China’s renewed probes into US DDGS a big shakeup for global corn market?
China has decided to extend its anti-dumping and anti-subsidy probes into US distillers dried grains (DDGS) and maintained hefty tariffs of 42.2%-53.7% and 11.2%-12% respectively. This announcement comes after the last round of probes started in 2017 expired on January 11 this year, and China’s Ministry of Commerce decided to renew these investigations until January… Continue reading Is China’s renewed probes into US DDGS a big shakeup for global corn market?