China Agriculture Market Sees Mixed Movements Amid Tighter Supply Expectations

The Chinese agriculture market saw mixed movements last week. Soybean futures on the DCE settled higher, driven by expectations of tighter supply due to reduced planting areas and rising production costs. However, near-term gains are limited by sufficient spot supplies and ongoing reserve auctions.

In contrast, edible oil markets experienced divergent trends as crude oil prices surged. Palm oil and rapeseed oil prices rose, while soybean oil edged lower due to inventory pressure.

National hog prices continued to decline under the weight of rising marketing volumes and weak seasonal demand, though a modest recovery may emerge later this week.

Corn prices fell across most regions last week due to increased selling, reduced industrial demand, and cautious feed procurement. The prices are expected to remain generally stable-to-weak in the near term.