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
Category: Analysis
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…
Key China takeaways from December Wasde & Casde
US pork stocks to rise as China buys less, China books more sorghum…
The Big Read: A crossroad for China’s corn market
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
Why is China hog futures slumping during a “peak demand” season?
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 Nov. soybean imports hit three-month high, 2021 total to hit new high
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
China’s blue-chip hog company faces financial stress amid weak pork prices
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
China 20/21 corn planting jumps, soybean output plunges
Corn output jumped to a new record, but soybean output declined for the first time in six years…
China to ensure stable electricity supply to fertilizer industry, paving ways for new crop planting
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