Soymeal cash basis in China surged on Monday in the face of…
Tag: premium
Record wheat production; Wheat quality troubles linger; Farmer sales rise
China 2021 wheat output to reach new record high: CNGOIC Wheat production in China last year is estimated to hit a new record level of nearly 137 million tons, according to latest estimate from China’s National Grain and Oils Information Center (CNGOIC). This means wheat production in China in 2021 will be 2% higher than… Continue reading Record wheat production; Wheat quality troubles linger; Farmer sales rise
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
Pork price slides; Hog company earnings improve; Covid cases consistent
Pork price in China fell for the first time in three months…
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
Inflationary pressure mounts; Robust wheat auction; Rapeseed oil futures slump
Inflationary pressure continued to mount in China and has begun to impact one of the core sectors…
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
China to raise soybean planting; Commodity prices slip
China is set to raise its soybean planting area in the new year…
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
Wheat auctions, corn sales rise, ingredient focus
China initiates first minimum-price wheat auction for 2022 amid price surge China is to have its first auction of state wheat reserves in 2022 next Wednesday (January 5) in an attempt to combat a spiking domestic wheat price as demand rose sharply in 2021. Half of a million tons of wheat reserves of 2014-2020 harvests… Continue reading Wheat auctions, corn sales rise, ingredient focus