Category: Analysis

The USDA announced on Friday that 132,000 tons of soybeans in the current marketing year were sold to China and traders from various trading houses also received strong buying interest from state-owned buyers late last week. Despite the market is still uncertain of the exact total amount China’s state buyers will be purchasing, these sources… Continue reading USDA, traders confirm large China buying from US

Chinese farmers need to step up efforts to ensure wheat output as a large portion of winter wheat planting has been delayed in China this year and the growth of seedlings is currently weak, the Ministry of Agriculture and Rural Affairs (MARA) warned in a recent press conference. There is still a possibility of a… Continue reading Government calls for more fertilizer use as wheat crop concern looms

Sales from companies in China’s pre-made food industry jumped four folds year on year as more consumers choose to stay indoors. Food delivery service Dingdong Maicai reported sales volume of popular Lunar New Year dishes soared 500-980% in the past week as the holiday is just around the corner. Changes in food-eating habit are particularly… Continue reading Pre-made food demand in China booms, husbandry stocks sink

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

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 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

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

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

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