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Tag Archives: China

CHINA PORK PRICES

The pickup in China’s consumer inflationary rate was mainly due to a recent increase in pork prices which jumped 19.6% from a year ago.

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PORK EXPORTS TO CHINA RISE

Smithfield Foods Inc., the world’s largest pork producer, increased shipments to China by 45% in the first half of this year, Chief Financial Officer Kenneth Sullivan said.

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CHINA: 8.5% DROP IS ‘BLACK MONDAY

Chinese stocks suffered their worst single-day loss in more than eight years, spurring a fresh phase of a global selloff that dragged the Dow Jones Industrial Average to an 18-month low. The Dow tumbled 588.40 points to 15871.35, as reported by the Wall Street Journal.

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ISLAND OF CALM

Monday’s grain markets seemed like an island of calm amidst the volatility of the stock market. AgriVisor’s Dale Durchholz told RFD Radio that China is unlikely to stop buying U.S. grain despite a slowing economy.

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CHINA PROBLEMS

Contagion from the recent plunge in Chinese stocks spread Wednesday in a sign investors within China and overseas are losing confidence in Beijing’s ability to stem the slide in the country’s equity markets and manage its economic reforms. Commodity markets, including grains, may be impacted, the Wall Street Journal reports.

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SORGHUM DEMAND

Strong Chinese demand is tightening sorghum supplies even as farmers plan to seed more of the crop this spring, the Agriculture Department said in Thursday’s Supply-Demand report. USDA slashed its estimate of sorghum ending stocks by 9 million bushels to 18 million bushels.

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CHINA’S REACH

Little known globally but pervasive in China, Cofco is bulking up to become the Chinese answer to U.S. grain and meat giant Cargill Inc. Cofco—the officially adopted abbreviation of China National Cereals, Oils and Foodstuffs Corp.—now owns food-producing assets on five continents, according to the Wall Street Journal.

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SORGHUM ACRES UP

Illinois’ sorghum planted area is expected to total 40,000 acres, up 74% from 2014. Chinese export demand sparked a national increase in sorghum acres.

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CHINESE DEMAND

The overwhelming demand for soybeans by China shows up in a pair of maps recently updated by FarmdocDaily.  It indicates how important China is to Illinois soybean farmers.

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PORK AND PORTS

A strong dollar has made U.S. pork more costly than meat from competing countries, which has led to a slowdown in exports, especially to China. And cargo slow-downs due to a labor dispute at West Coast ports has left stocks of pork products piling up.

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