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Latest typhoon brings ‘sauna-like’ conditions and heavy rain to key ag areas
With Typhoon Noul, large areas of China are expected to see heavy rainfall along with hot and humid temperatures. China’s weather service warns that over the next three days, areas ranging from Guangdong in the southeast to Heilongjiang in the northeast will see heavy localized rainfall. Especially for corn and soybeans, heavy rains are expected… Continue reading Latest typhoon brings ‘sauna-like’ conditions and heavy rain to key ag areas
Zhejiang takes a more hands-on approach with large firms to reduce hog capacity
Zhejiang issued a new hog capacity policy, targeting a 4.6% decline in breeding sows as part of the national policy to reduce overcapacity in the hog sector. The province said that as part of the national policy in May that cut the national target from 39 million breeding sows to 37.5 million, the province was… Continue reading Zhejiang takes a more hands-on approach with large firms to reduce hog capacity
Futures Recap
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Brazil exports to China
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Sinograin to auction imported soybeans
Sinograin announced it would auction 504k tons of soybeans on July 31. This includes soybeans from 2022 through 2024, with locations spread throughout China. This would be the first round of national auctions of imported soybeans since the start of this year. Stocks of imported soybeans are at high levels of 7.4 million tons, up… Continue reading Sinograin to auction imported soybeans
Brazil shipping corn to China and soybean exports increase
Brazil soybean shipments to China ticked up last week at 2.3 million tons. Since the start of the year, Brazil has shipped 60.3 million tons to China, up 3.9% year on year, based on lineup data. Corn shipments from Brazil to China have resumed with 142k tons shipped last week, and at least another 300k… Continue reading Brazil shipping corn to China and soybean exports increase
Large hog breeder suspends expansion plan citing new capacity controls
Shennong Group announced it was suspending plans for a piglet operation in Guangxi that had an initial planned investment of 120 million CNY ($17.7m USD) and was expected to produce 180k piglets per year. The plan was announced in June 2025, with the company expecting to invest 550 million CNY ($81.2m USD) across three operations… Continue reading Large hog breeder suspends expansion plan citing new capacity controls
Futures Recap
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Corn purchases by Sinograin remain small but rotations steady
Last week, there were 17 Sinograin corn auctions with a listed volume of 163k tons. 27k tons, or 16.3%, was purchased by the market. Corn procurement remains minimal. There were 7 rounds of corn procurement. The listed volume was 20k tons and 8k tons, or 41.2%, was purchased. There were 15 rounds of reserve rotation.… Continue reading Corn purchases by Sinograin remain small but rotations steady