Dim Sums: Agricultural Markets in China

China and Cuba have been conducting low-key agricultural exchanges. China has stepped up food aid to Cuba with modest amounts of rice shipped during 2026. On May 25, Chinese Vice Minister of Agriculture Zhang Zhili met with his Cuban counterpart Terce González in Beijing to discuss agricultural assistance projects in rice cultivation, swine and poultry farming, corn production and "juncao" (a tall grass used for ecological control). The discussion highlighted a rice breeding project that is said to be helping Cuba in its food security capabilities.  The Cuban vice minister praised China's agricultural and rural achievements, pledged his support for Chinese technical assistance projects in Cuba, and expressed hope that more Chinese companies would invest in Cuba.  Several days earlier China's ambassador to Cuba attended a ceremony  in Havana celebrating the arrival in Cuba of 15,000 tons of rice granted by China as food aid. China's ambassador explained that the f...

Chinese corn prices have shown renewed weakness this month, while weakness in wheat prices has dissipated. A deluge of rainfall during the first weeks of the wheat harvest has created a new supply of feed-quality wheat that ties the two markets together. China's corn futures price peaked at CNY 2431 per metric ton (about $9.08 per bushel) on April 29, 2026 and fell 4.7% to CNY 2316 ($8.65/bu) on May 27. The drop during May reversed gains since early October when the price had dropped as low as CNY 2210 per metric ton ($8.26/bu). China Dalian Commodity Exchange. An early May commentary in China Feed magazine remarked that the corn market was witnessing a tension between bullish pressure from rising international fertilizer prices and bearish forces from weakening domestic feed demand. Traders were holding on to inventory awaiting another price rally, while feed manufacturers facing losses in the livestock sector were pivoting toward alternative raw materials. In particular, China ...

Chinese leaders have been celebrating drones this year as a transformative agricultural technology, but a growing number of disputes over drones show that farmers who use them face substantial risks of civil or criminal liability.  Drones spraying crops are becoming more and more common in China's countryside. Source: The Paper . China has nearly 3.3 million drones, of which 320,000 are agricultural drones that have created a so-called "low altitude economy," spraying pesticides and spreading fertilizer from the air. This year's "No. 1 Document" on rural policy promoted drones and robots as a way of cutting costs and doing more field work as the rural labor force shrinks. Technicians are working on ways to make drones recognize ripe fruit and pick it. However, these gadgets are creating new conflicts, literally colliding with China's changing economic structure, and posing a new threat to the Chinese regime's obsession with secrecy and control of in...

U.S. and Chinese readouts on the May 14-15 Trump-Xi summit in Beijing agree that agricultural trade between the two countries is important and should be revived, but their descriptions differ on what was agreed at the meeting.  On May 17, The White House released a fact sheet  that featured a commitment by China to purchase $17 billion worth of U.S. agricultural products annually through 2028 in addition to the soybean purchase commitment made in October 2025. The fact sheet also said China agreed to renew expired listings of U.S. beef exporters and pledged to resume imports of U.S. poultry products from U.S. States free of highly pathogenic avian influenza (HPAI). Treasury Secretary Scott Bessent said soybeans "are all taken care of" by the October purchase agreement, although China has never acknowledged it, China's first round of 12 million tons of soybean purchases was not completed by December 2025 as originally promised, and Successful Farming said "markets ...

Self-sufficiency in wheat and rice is a pillar of China's food security policy, but officials revealed last week that the country produces 140 million metric tons of wheat and only consumes 65% of it as food. Much of China's wheat is fed to animals or stored in warehouses for as long as 9 years. With surpluses even in years of poor yields, authorities are propping up prices to convince farmers to keep growing surplus wheat. Last week Chinese propaganda outlets assured farmers that they will get a good price for their wheat as the harvest kicks into gear this month. Official news sites and TV broadcasts reported variations of the same upbeat prediction of a good wheat harvest, stable prices, and ample reserves given at a National Administration of Food and Commodity Reserves news conference on May 14, 2026. Such announcements are common ahead of the grain harvest, but the amount of detail offered and the dozens of outlets broadcasting the "news" suggests that the regim...

China committed to buy $17 billion of non-soybean U.S. agricultural products over the next 3 years according to a Fact Sheet released by the White House  summarizing commitments made during Trumps visit to Beijing last week. These purchases are in addition to China's soybean purchase commitments made in October 2025 to buy 12 million metric tons (mmt) of soybeans in 2025 and 25 mmt annually during 2026-28. China renewed expired approvals for 400 U.S. beef exporting facilities and agreed to resume imports of poultry from U.S. States free of highly pathogenic avian influenza.  The recent history of U.S. agricultural exports to China shows that the $17 billion value of non-soybean exports was exceeded during 2021 and 2022, when the "Phase One" agreement was in force and high commodity prices inflated the value of farm trade (but China did not meet the Phase One targets). Non-soy ag exports have fallen short of $17 billion since 2023. Last year, during the 2025 trad...