Xi Yinsheng, director of the Macroeconomic Research Office of the Rural Economic Research Center of the Ministry of Agriculture, recently gave a media interview where he estimated that corn imports in 2021 may reached 29 million tons, and imports of alternatives such as sorghum, barley, and DDGS may reach 25 million tons. During the interview… Continue reading Imports of corn and alternatives likely to remain high: government researcher
Category: Analysis
China monthly barley imports hit new record on falling corn imports
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
Falling vegoil price in China struggles to combat retail price inflation
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
High mold levels in new crop corn could drive strong wheat imports in coming year
Corn quality continues to be a major concern in China and this is causing wheat prices to rise as feed mills need to blend grains together to get toxin levels low enough for animal feeding. Recent industry surveys are showing high percentages of corn tested positive for vomitoxins and mycotoxins in Shanxi, Jilin, and Liaoning.… Continue reading High mold levels in new crop corn could drive strong wheat imports in coming year
Key facts behind China’s pork tariff hike
China has decided to raise its pork import tariff for next year as…
Quick Insight: Low soymeal stocks in China could further upset hog price
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
China piglet prices plunge amid slowing industry expansion
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’s early finish of January soybean purchases could alter US export figure
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
Bearish hog price to linger in coming weeks
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
China farmer sales strong amid record 2021 harvest, state reserve auction lags
Farmer selling in China progresses at a strong pace but auctions lags behind as…