The Asian country’s corn and wheat imports have skyrocketed, but analysts disagree over how long-lasting they will be
Analysts are debating whether China’s huge 2020-21 corn and wheat purchases are an anomaly. Dan Basse, president of AgResource Company, is firmly in the camp that they are not a one-off episode. “It looks like China is going to be a much more regular importer of world corn for many years to come,” he said. […] Read moreTag Archives china
Markets watch China’s upcoming Phase 1 purchases
The country fell short of its obligations under its trade deal with the U.S. last year, but all eyes are on what it does in 2021
China could meet its 2021 Phase 1 agreement target for agricultural imports from the United States, and that would do wonders for crop prices, says an analyst. “If China does what it says, it will be quite bullish,” said Dan Basse, president of AgResource Company. China has committed to import US$43.4 billion of U.S. agricultural […] Read more
Chinese corn imports soar following ASF outbreak
Heading into 2020-21, analysts were convinced that African swine fever would minimize China’s corn imports. They were wrong. What it did was eliminate about 30 million tonnes of food scraps being fed to hogs in that country, said Bryan Lohmar, China director for the U.S. Grains Council. Instead, rations comprising corn and soybeans have now […] Read more
All eyes on China’s upcoming Phase 1 purchases
China could meet its 2021 Phase 1 agreement target for agricultural imports from the United States, and that would do wonders for crop prices, says an analyst. “If China does what it says, it will be quite bullish,” said Dan Basse, president of AgResource Company. China has committed to import US$43.4 billion of U.S. agricultural […] Read more
Competition grows for China’s food imports
The Asian country is making a conscious effort to diversify its agricultural suppliers, which may hurt traditional exporters
China is diversifying its agricultural trading partners and that will force traditional suppliers to employ new tactics, says the United States Department of Agriculture. “In contrast to the past, when the United States was among just a handful of suppliers, the United States now faces growing international competition in China,” stated the USDA’s Foreign Agricultural […] Read more
USDA expects grain prices to remain high
UPDATED – February 19, 2021 – 1505 CST – The chief economist of the U.S. Department of Agriculture is forecasting the good times will keep rolling for grain farmers in 2021-22. “We expect grain and oilseed prices to remain at these higher levels reflecting tight global supplies and strong international demand,” Seth Meyer said in […] Read more
China pork estimates hard to gauge
China’s claims that it has regained 90 percent of the hog production lost during an outbreak of African swine fever are not gaining traction among North American hog and livestock market analysts. Through disease losses followed by precautionary slaughter beginning in 2018, China is thought to have lost more than 40 percent of its herd, […] Read more
Competition grows for China’s food imports
China is diversifying its agricultural trading partners and that will force traditional suppliers to employ new tactics, says the United States Department of Agriculture. “In contrast to the past, when the United States was among just a handful of suppliers, the United States now faces growing international competition in China,” stated the USDA’s Foreign Agricultural […] Read more
China imports more meat
BEIJING, China (Reuters) — China imported 9.91 million tonnes of meat in 2020, recent customs data showed, as the world’s biggest consumer of meat stocked up on proteins after a further plunge in its pork output. Shipments were up 60.4 percent on the year before and came after China’s output of pork, its staple meat, […] Read more
Sales to China seen long-term
China’s massive 2020 wheat import program was not a flash in the pan, according to a senior American wheat industry executive. China is estimated to have bought 8.5 million tonnes of wheat last year, the highest volume in 25 years. It has rapidly become the world’s third largest importer behind Egypt and Indonesia. The surge […] Read more
