Rainfall and temperatures were uneven across China last week. Areas of the southeast saw temperatures below normal, with some areas of Hunan and Jiangxi seeing temperatures 4-6°C (7.2-10.8°F) below normal. Most of the northwest saw temperatures 2-4°C (3.6-7.2°F) above normal, and north and northeast China saw temperatures close to average. There were heavy rains in… Continue reading Heilongjiang sees weekend rains, temperatures expected to drop across north
Category: Analysis
Imported soybean auction volumes remain small
The next round of auctions for imported soybeans was announced for September 9. The terms remained the same as this week’s auction, with only 68k tons of 2022-2025 soybeans being auctioned in Sichuan and Guangxi.
Price Update
Crop rotation in China’s largest producer and limits on land
In 2025, Heilongjiang was China’s largest corn and soybean producer. Production was: The province is a key part of China’s ‘soybean revitalization’ strategy. Starting in 2023, the province further raised its subsidies for planting soybeans, while cutting corn planting subsidies. In 2025, the subsidies for soybeans were 5261 yuan per hectare ($783 USD/ha) while corn… Continue reading Crop rotation in China’s largest producer and limits on land
Dairy producer stronger H1 results and monthly sales as milk prices rise
Dairy producer Western Animal Husbandry reported H1 revenue of 485 million yuan, up 22.4% year on year, with net profits of 30.8 million yuan, up from a H1 2025 loss of 43.6 million yuan. In August, it reported milk sales of 3.1k tons, up 7.7% compared to July, and up 22.3% year on year. The… Continue reading Dairy producer stronger H1 results and monthly sales as milk prices rise
MARA holds meetings stressing importance of increased yields
The Ministry of Agriculture held a meeting in Xinjiang on large-scale yield improvement of grain and oilseeds. The meeting included agricultural officials from at least 6 provinces and stressed the need to ‘thoroughly study and implement General Secretary Xi Jinping’s important instructions on grain production and yield improvement’. For the most part, the meeting seemed… Continue reading MARA holds meetings stressing importance of increased yields
Futures volumes mixed in August, with domestic soybean volumes spiking
Volumes in DCE No.1 domestic soybeans were dramatically higher in August as prices rose to the highest level since 2023. Volume in egg futures was down sharply in August, after spiking earlier this year as egg prices rose.
Feed production rises in June, but shifts in hog feed demand weigh going forward
Feed production in July was 29.89 million tons, up 2.7% compared to June, and up 2.6% year on year. Compound feed production was up 3.0% year on year, while concentrated feed production fell by 4.3%, and additive premix fell by 9.7% year on year. The China Feed Industry Association doesn’t publish detailed breakdowns in its… Continue reading Feed production rises in June, but shifts in hog feed demand weigh going forward
Protein Price Update
Auction of imported soybeans fail to sell
On Wednesday, auctions of imported soybeans saw no transactions. There were only 68k tons listed, and the areas were only in Sichuan and Guangxi. During this round of auctions starting on July 31, there have been 2.2 million tons offered, with 1.5 million tons purchased. Auctions of rice purchased by Sinograin under the government’s price… Continue reading Auction of imported soybeans fail to sell