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For the first time in a year, corn prices in China's key Shandong hub this week have fallen to the same levels as wheat, leading some feed producers to switch back to using more of the yellow grain, traders and analysts said. ....
BEIJING/SINGAPORE For the first time in a year, corn prices in China’s key Shandong hub this week have fallen to the same levels as wheat, leading some feed… ....
4 Min Read BEIJING/SINGAPORE, May 28 (Reuters) - China’s massive livestock sector is set to snap up millions of tonnes of wheat from the country’s winter harvest that began this month, extending a run of crop-switching in animal feed and further cooling demand for corn imports. Corn imports surged last year after a decline in stockpiles and production, pushing up prices and reshaping global grain markets as feed producers and pig farmers scoured the world for supplies. At the same time, China’s feed sector purchased record volumes of cheaper wheat from the 2020/21 season for use as a substitute for corn, traditionally the main grain in animal rations. “Feed demand for wheat is expected to remain very high in the new crop year, as wheat still has obvious advantages against old corn, based on current prices,” said Li Hongchao, a senior analyst with trade website Myagric.com. ....
China's wheat sale from reserves continue to fall after government regulation | Hellenic Shipping News Worldwide hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.
ChinaReshaping grain trade? China moves to change animal feed recipes ReutersHallie GuDominique Patton 5 minutes read Pigs are seen on a family farm in Xiaoxinzhuang village, Hebei province, China January 25, 2018. REUTERS/Dominique Patton China issued guidelines on Wednesday recommending the reduction of corn and soymeal in pig and poultry feed, a measure that could reshape the flow of grains into the world s top corn and soybean buyer. China s corn prices surged more than a third in the most recent year following a drop in output and state stockpiles. The country started importing a lot more corn to compensate for the domestic deficit. So feed makers have already been switching to cheaper alternatives, especially wheat. ....