Loading…
China's central reserves agency is running minimum-price purchases of mid-late rice alongside reserve rotation purchases of autumn grain, with rotation buying entering the market at slightly above market prices and faster than last year. New seed variety protection rules took effect November 1, and a brokerage cited a 6.8% year-on-year drop in domestic corn seed-production area for the 2026/27 season.
Newborn piglet numbers fell for a second straight month in September, which analysts say could ease 2027 slaughter supply, though supply remains high.
State purchases support domestic grain prices and farm incomes, while lower seed output and falling piglet numbers point to tighter future domestic corn and hog supply, mildly supportive for feed demand and prices.
nbd.com.cnNov 3, 2026After 317 past bullish policy events, CORN moved a median -0.1% over 5 sessions (49% higher; middle half -1.4% to +1.5%), and -0.2% over 20.
After 36 past bullish policy events, HOGS moved a median +0.0% over 5 sessions (53% higher; middle half -2.8% to +1.2%), and +0.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
