# Bumper crops and higher prices, but challenges remain - Chinadaily.com.cn

> China's agriculture ministry reported a summer grain harvest of 147.4 million tonnes, up 1.4 million tonnes year on year, with wheat at 135.7 million tonnes. Rapeseed output hit a record and soybean and oilseed area expanded, while pork output rose 8.2% in the first half.

- Date: 2022-07-20 · published 2022-07-20T12:00:00.000Z
- Category: report · region China · magnitude medium
- Page: https://feedsoft.ai/events/40472-bumper-crops-and-higher-prices-but-challenges-remain-chinadaily-com-cn
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

A larger domestic grain and oilseed crop reduces China's import needs for wheat, corn and soybeans at the margin. Higher pork output also points to lower feed demand for imported meal in the near term.

## Read by commodity

- SOY: bearish ▼
- CORN: neutral
- WHEAT: bearish ▼
- CANMEAL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2021-07-09 | [Grain growers face new challenges after bumper season - The Farmer](https://feedsoft.ai/events/46016-grain-growers-face-new-challenges-after-bumper-season-the-farmer.md) | -1.4% | -0.0% |
| WHEAT | 2020-08-09 | [Wheat prices to remain range-bound - The HinduBusinessLine](https://feedsoft.ai/events/51561-wheat-prices-to-remain-range-bound-the-hindubusinessline.md) | -1.0% | +0.0% |
| WHEAT | 2023-07-12 | [Record-Large Corn Crop, Higher Stockpiles Send Grain and Soy to Big Losses](https://feedsoft.ai/events/34981-record-large-corn-crop-higher-stockpiles-send-grain-and-soy-to-big-losses.md) | +1.5% | +3.4% |
| WHEAT | 2025-12-05 | [Record Canadian crop weigh on rapeseed prices: Grain market daily \| AHDB](https://feedsoft.ai/events/21605-record-canadian-crop-weigh-on-rapeseed-prices-grain-market-daily-ahdb.md) | -1.6% | -1.1% |
| WHEAT | 2024-09-06 | [Fertilizer Prices Declining But Remain High Globally: FAO Food Price Index and AMIS Market Monitor Released \| Food Security Portal](https://feedsoft.ai/events/28653-fertilizer-prices-declining-but-remain-high-globally-fao-food-price-index-and.md) | +1.0% | +11.2% |
| SOY | 2024-11-04 | [Argentina soy crop sees upswing but challenges ahead \| World Grain](https://feedsoft.ai/events/13891-argentina-soy-crop-sees-upswing-but-challenges-ahead-world-grain.md) | +3.5% | +0.3% |
| SOY | 2023-07-12 | [Record-Large Corn Crop, Higher Stockpiles Send Grain and Soy to Big Losses](https://feedsoft.ai/events/34981-record-large-corn-crop-higher-stockpiles-send-grain-and-soy-to-big-losses.md) | -1.9% | -6.0% |
| SOY | 2022-04-14 | [Aquafeed.com \|
   

   
    Soy prices rise, U.S. to plant record crops](https://feedsoft.ai/events/41879-aquafeed-com-soy-prices-rise-u-s-to-plant-record-crops.md) | +4.3% | -0.9% |

## Sources

- chinadaily.com.cn: https://www.chinadaily.com.cn/a/202207/20/WS62d7c459a310fd2b29e6d756.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.