Summary Corn prices eased slightly in May due to a combination of newly harvested wheat, sprouted wheat flowing into the feed market, and the start of auctions of old rice stocks to feed mills. Cash and Futures In April, corn futures hit their highest level since July 2024, but after markets reopened following the May… Continue reading Corn Monthly Report – 2026-06-02
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Monthly Corn Update – 2026-06-02
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Corn auctions; soybean shipments; planting progress; futures recap
Corn auctions see increase in purchased volume Over the past week, Sinograin held 14 auctions of corn with a listed volume of 128.6k tons. 33.3k tons, or 25.9%, were purchased by the market. There were 18 rounds of corn purchased with a volume of 353.9 tons. 334.3k tons, or 97.3%, were purchased. There were 12… Continue reading Corn auctions; soybean shipments; planting progress; futures recap
Minister of Agriculture tours Henan province as wheat harvest accelerates
China’s new Minister of Agriculture, Zhang Zhu, did a wheat inspection tour in Henan on Friday and Saturday. According to the announcement by the Ministry of Agriculture, Zhang “emphasized the need to thoroughly study and implement General Secretary Xi Jinping’s important expositions on ‘agriculture, rural areas, and farmers’” and go all out to ensure a… Continue reading Minister of Agriculture tours Henan province as wheat harvest accelerates
Egg prices surge continues
Egg futures continued their strong rally on Monday, with prices trading limit-up. Prices are now up 63% year on year. Beijing’s Xinfadi wholesale market reports average prices on May 29 of 10.43 yuan per KG, up 11.3% over the past week, up 27.8% over the past month, and up 60.0% over the past year. These… Continue reading Egg prices surge continues
Soil moisture low in the northeast, but heavy rains continue in Yangtze River Delta region
Over the past week, temperatures were 1-4C higher than normal. Areas in northern China were close to average or slightly colder than average, while the south, southeast, and southwest saw temperatures 4-6C higher than normal. The northeast saw light rainfall of 10-25mm and soil moisture deficits are appearing in areas of Inner Mongolia, which is… Continue reading Soil moisture low in the northeast, but heavy rains continue in Yangtze River Delta region
Production maps; futures recap
Production Maps With the USDA removing its production maps, I’ve updated some for corn, soybeans, and wheat. These are for 2024 as the National Bureau of Statistics has not released the province-level crop data yet. Corn production is primarily centered in the northeast and Inner Mongolia, but there is also sizeable production in northern China… Continue reading Production maps; futures recap
Weather officials note more rain expected for southern China with El Niño
Temperatures in May averaged 16.9C, which was 0.6C higher than normal, according to the China Meteorological Administration’s monthly press briefing. Agricultural areas, including the northeast, north, central China, Inner Mongolia, and Xinjiang, were 1-2C higher. Seasonal rainfall was highest in nearly 10 years. Average precipitation was 70.9mm, 16.3% higher than normal. The rains from May… Continue reading Weather officials note more rain expected for southern China with El Niño
Viral wheat harvest dispute illustrates damage in Hubei
A dispute related to wheat harvesting in China has gone viral, which shows the challenges the crop has faced in Hubei this year, as well as issues regarding land measurements. A combine harvester team from Henan went to Hubei to harvest wheat. This is typical during the harvest season where machinery operators will harvest farmers’… Continue reading Viral wheat harvest dispute illustrates damage in Hubei
Auctions of reserve rice to feed mills start with 1 million tons
After being rumored for several months, the auctions of old reserve rice to feed mills have finally begun. 1 million tons from 2019 to 2021 were listed with a floor price of 1500 yuan per ton. 634k tons, or 63.4%, were purchased by the market at an average price of 1522 yuan per ton. This… Continue reading Auctions of reserve rice to feed mills start with 1 million tons