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
Category: Analysis
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?
China Dec. live hog sales at second highest in 2021
Total live hog sales in December last year from top five publicly trade hog producers in China reached the second highest level for the year as herd-dumping accelerated ahead of the upcoming holiday season. Nearly 8.5 million heads of live hogs were sold by the biggest five hog producers that have their shares listed on… Continue reading China Dec. live hog sales at second highest in 2021
How omicron could dramatically change commodity demand in China
Tianjin is launching a citywide testing campaign after detecting community-wide transmissions of the covid omicron variant and these cases have already spread to Henan province. China is now entering a new stage of the pandemic, and the omicron variant poses a serious threat to China’s ability to maintain its zero-covid policy. This could lead to… Continue reading How omicron could dramatically change commodity demand in China
2022/23 new crop US soybeans demand spike as Brazil crop damage fear mounts
The trading of unplanted 2022/23 new crop US soybeans spiked this week as international trading houses and Chinese importers demand jumped amid rising concerns of lower-than-expected 2021/22 Brazilian soybean output due to draught weather. About ten cargoes of new crop US soybeans were said to have changed hands on both FOB and CFR China basis… Continue reading 2022/23 new crop US soybeans demand spike as Brazil crop damage fear mounts
Cargo market update: buying pace down sharply due to negative margins, holiday season
China’s purchases of soybean cargoes slowed drastically in the past two weeks as negative crush margins and holiday season deterred buying interests. About five cargoes of Brazilian 2021/22 new crop were sold to China last week for shipments between February and April 2022, according to trade sources, halved from the week before and only accounted… Continue reading Cargo market update: buying pace down sharply due to negative margins, holiday season
Food inflation hits popular noodle brand, first price increase in a decade
The latest company to raise prices is Japanese instant noodle maker Nissin Foods, producer of the famous “Cup Noodle” brand. The prices of the company’s products sold in China are set to increase on March 1, 2022, marking the first time in 11 years that the company has raised prices. They cite “cost pressure caused… Continue reading Food inflation hits popular noodle brand, first price increase in a decade
China soymeal futures hit 4-month high amid lower South American output
Soybean meal futures on China’s Dalian Commodity Exchange continued to edge higher on Wednesday as concerns of a lower-than-expected Brazilian and Argentinian 2021/22 crops are in the limelight. The most liquid DCE soymeal contract gained another 1% on Wednesday to reach the highest level since late August 2021 at 3,298 yuan/ton (US$518/ton). DCE soymeal futures… Continue reading China soymeal futures hit 4-month high amid lower South American output
GMO corn auctions rebound in second half of December
State-run auctions of imported GMO corn reserves picked up in the latter half of December 2021 with offered volume rising from 55,000 tons in mid-December to nearly 148,000 tons last Friday. Sale volume at auctions hit 88,446 tons last Friday reaching the highest level since December 17, data from stockpiler Sinograin showed. The clearance rate… Continue reading GMO corn auctions rebound in second half of December