24.93 million tons!

On October 13th, China Customs announced that China’s grain imports from January to September were 12.
8273 million tons, compared with 99.
226 million tons in the same period last year, a year-on-year increase of 29.
3%
.

Among them, corn imported 24.

From January to September, the total import of corn was 24.
93 million tons, a year-on-year increase of 274.
5%Bai China Feed Industry Information Network-Based on feed, serving animal husbandry

As the main energy feed, corn accounts for about 60% of the feed in broiler farming and production, and it is the raw material with the highest proportion in ordinary feed
.

However, since domestically grown corn is mainly to meet the daily consumption of the citizens, there is a serious shortage of feed corn, and it has been imported to meet the growing domestic feed demand

Bai China Feed Industry Information Network-Based on feed, serving animal husbandry

(Chart from: China Food Network)Bai China Feed Industry Information Network-Based on feed, serving animal husbandry

Bai China Feed Industry Information Network-Based on feed, serving animal husbandry

According to statistics from the General Administration of Customs, the total import of corn from January to September in 2021 was 24.
93 million tons, accounting for 19.
44% of the total grain imports.
The net increase in imports reached 13.
63 million tons, an increase of 274.
5 percent year-on-year
.

Among them, the corn import volume in September was 3.

　　Corn prices fell, and the amount used in formulas started to increaseBai China Feed Industry Information Network-Based on feed, serving animal husbandry

　　According to statistics from China's feed industry information network Huitong, on October 20, the national average price of corn was 2592.
21 yuan/ton, especially the price of new corn with 15% moisture in Northeast China was about 2300 yuan/ton
.

Bai China Feed Industry Information Network-Based on feed, serving animal husbandry

　　Traders and analysts said that as of the week of October 15th, the price of corn in Shandong had fallen to the same level as that of wheat.
This was the first time this year.
This also prompted some feed manufacturers to re-use more formulas.
Corn
.

Bai China Feed Industry Information Network-Based on feed, serving animal husbandry

　　Corn prices have been higher than wheat prices for most of this year.
The reason for this rare situation is that corn production has been affected by the weather, coupled with the decline in inventory last year, which led to a decline in supply, pushing domestic corn prices to a record high
.

Because the price of corn is too expensive, industrial users are looking for alternative products, and some feed manufacturers use more feed wheat than ever before

　　The current spot price of corn in Shandong is 2,600 yuan per ton, which is 15% lower than the historical high in March and lower than the price of wheat in the same region
.

The purchasing manager of a breeding company in North China said that buying corn or wheat depends on the price

　　As corn prices fell, corn consumption began to increase
.

According to data from Shanghai Huiyi, wheat prices in Shandong will be 350 yuan/ton lower than corn prices on average in 2021, and will be about 250 yuan/ton higher than corn prices from 2019 to 2020

　　As corn prices and wheat prices were flat or even lower, feed manufacturers began to significantly reduce wheat consumption
.

In northern China, the proportion of wheat in poultry feed this month was only 20%, down from about 40% earlier this year; in central China, the proportion of wheat in poultry feed has dropped by as much as 40%

　　However, the recent rains in North China have delayed the corn harvest, raising concerns about crop quality
.
This month, the Ministry of Agriculture of China lowered China's corn production in 2021 because of rain damage
.
Bai China Feed Industry Information Network-Based on feed, serving animal husbandry

　　The new season corn will continue to increase in the market in the later period, and the price of corn is likely to weakenBai China Feed Industry Information Network-Based on feed, serving animal husbandry

　　In mid-October, as the weather in the main northern producing areas turned fine, the corn harvesting and delivery progress accelerated
.
It is expected that in late October, as the market volume of new season corn continues to increase, it is more likely that corn prices will continue to weaken
.
However, due to the generally high moisture content of the current new season corn, the impact on the price of old grains is limited.
It is expected that between late October and November, the price of corn in the main producing areas of the country will continue to be weak as a whole, and there will be short-term rebound opportunities in some markets
.
Bai China Feed Industry Information Network-Based on feed, serving animal husbandry

　　On October 13th, China Customs announced that China’s grain imports from January to September were 12.
8273 million tons, compared with 99.
226 million tons in the same period last year, a year-on-year increase of 29.
3%
.
Among them, corn imported 24.
93 million tons from January to September, accounting for 19.
44% of total grain imports
.
Bai China Feed Industry Information Network-Based on feed, serving animal husbandry

　　From January to September, the total import of corn was 24.
93 million tons, a year-on-year increase of 274.
5%Bai China Feed Industry Information Network-Based on feed, serving animal husbandry

The cumulative import of corn from January to September was 24.
93 million tons, an increase of 274.
5% year-on-year.
The cumulative import of corn from January to September was 24.
93 million tons, an increase of 274.
5% year-on-year.

　　As the main energy feed, corn accounts for about 60% of the feed in broiler farming and production, and it is the raw material with the highest proportion in ordinary feed
.
However, since domestically grown corn is mainly to meet the daily consumption of the citizens, there is a serious shortage of feed corn, and it has been imported to meet the growing domestic feed demand
.
Bai China Feed Industry Information Network-Based on feed, serving animal husbandry

Bai China Feed Industry Information Network-Based on feed, serving animal husbandry

(Chart from: China Food Network)Bai China Feed Industry Information Network-Based on feed, serving animal husbandry

Bai China Feed Industry Information Network-Based on feed, serving animal husbandry

　　According to statistics from the General Administration of Customs, the total import of corn from January to September in 2021 was 24.
93 million tons, accounting for 19.
44% of the total grain imports.
The net increase in imports reached 13.
63 million tons, an increase of 274.
5 percent year-on-year
.
Among them, the corn import volume in September was 3.
53 million tons, which is the second monthly import exceeding 3.
5 million tons after June
.
Bai China Feed Industry Information Network-Based on feed, serving animal husbandry

　　Corn prices fell, and the amount used in formulas started to increaseBai China Feed Industry Information Network-Based on feed, serving animal husbandry

The price of corn fell, and the amount in the formula began to increase.
The price of corn fell, and the amount in the formula began to increase.

　　According to statistics from China's feed industry information network Huitong, on October 20, the national average price of corn was 2592.
21 yuan/ton, especially the price of new corn with 15% moisture in Northeast China was about 2300 yuan/ton
.
Bai China Feed Industry Information Network-Based on feed, serving animal husbandry

　　Traders and analysts said that as of the week of October 15th, the price of corn in Shandong had fallen to the same level as that of wheat.
This was the first time this year.
This also prompted some feed manufacturers to re-use more formulas.
Corn
.
Bai China Feed Industry Information Network-Based on feed, serving animal husbandry

　　Corn prices have been higher than wheat prices for most of this year.
The reason for this rare situation is that corn production has been affected by the weather, coupled with the decline in inventory last year, which led to a decline in supply, pushing domestic corn prices to a record high
.
Because the price of corn is too expensive, industrial users are looking for alternative products, and some feed manufacturers use more feed wheat than ever before
.
However, with the start of the 2021 corn harvest, domestic corn prices have begun to fall, so the price advantage of wheat relative to corn no longer exists
.
Bai China Feed Industry Information Network-Based on feed, serving animal husbandry

　　The current spot price of corn in Shandong is 2,600 yuan per ton, which is 15% lower than the historical high in March and lower than the price of wheat in the same region
.
The purchasing manager of a breeding company in North China said that buying corn or wheat depends on the price
.
The company has reduced the proportion of wheat in recent feed formulations to 5%, down from the previous 10%
.
Bai China Feed Industry Information Network-Based on feed, serving animal husbandry

　　As corn prices fell, corn consumption began to increase
.
According to data from Shanghai Huiyi, wheat prices in Shandong will be 350 yuan/ton lower than corn prices on average in 2021, and will be about 250 yuan/ton higher than corn prices from 2019 to 2020
.
Bai China Feed Industry Information Network-Based on feed, serving animal husbandry

　　As corn prices and wheat prices were flat or even lower, feed manufacturers began to significantly reduce wheat consumption
.
In northern China, the proportion of wheat in poultry feed this month was only 20%, down from about 40% earlier this year; in central China, the proportion of wheat in poultry feed has dropped by as much as 40%
.
In southern China, corn prices have recently been lower than wheat prices; in Northeast China, corn prices have been cheaper than wheat since the end of August
.
In the Northeast, the amount of wheat used as feed is not much
.
Unless the price of corn rises sharply, the feed manufacturers here will not use a lot of wheat
.
In September, an analyst from a state-owned grain and oil think tank estimated that China’s wheat feed consumption in the year of 2021/22 was expected to be 36 million tons
.
Bai China Feed Industry Information Network-Based on feed, serving animal husbandry

　　However, the recent rains in North China have delayed the corn harvest, raising concerns about crop quality
.
This month, the Ministry of Agriculture of China lowered China's corn production in 2021 because of rain damage
.
Bai China Feed Industry Information Network-Based on feed, serving animal husbandry

　　The new season corn will continue to increase in the market in the later period, and the price of corn is likely to weakenBai China Feed Industry Information Network-Based on feed, serving animal husbandry

The listing of new season corn continues to increase in the later period, and the price of corn is likely to weaken.
The listing of new season corn continues to increase, and the price of corn is likely to weaken.

　　In mid-October, as the weather in the main northern producing areas turned fine, the corn harvesting and delivery progress accelerated
.
It is expected that in late October, as the market volume of new season corn continues to increase, it is more likely that corn prices will continue to weaken
.
However, due to the generally high moisture content of the current new season corn, the impact on the price of old grains is limited.
It is expected that between late October and November, the price of corn in the main producing areas of the country will continue to be weak as a whole, and there will be short-term rebound opportunities in some markets
.
Bai China Feed Industry Information Network-Based on feed, serving animal husbandry