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U.S. agricultural exports to China in fiscal year (FY) 2022 were $36.4 billion and surpassed the previous year’s record with China as the largest export market for the second consecutive year. Significantly higher agricultural prices and resilient demand helped drive exports above the previous year’s record despite lower volumes for most products.

FY2022 agricultural exports reach record levels.

Post forecasts China's MY2022/23 feed and residual to decrease one percent from MY2021/22. Corn production for MY2022/23 is forecast at 270 MMT, 4 MMT lower than USDA’s official forecast and 2.5 MMT lower than MY2021/22 due to lower planting area and yield losses caused by excessive rains in the northeast.

Post revises China's Marketing Year (MY) 2022/23 feed demand upward by 4.5 million metric tons (MMT) based on recovering demand for hog feed. Rice substitution for corn in feed rations may play a more significant role because of price advantages over corn and other corn substitutes. Post adjusts wheat production in MY2022/23 upward by 2 MMT to 135 MMT based on improved growing conditions.

On June 8, 2022, China’s National Crop Variety Registration Committee (NCVRC) published “National Registration Standards for Genetically Engineered Soybean Varieties (Trial)” and “National Registration Standards for Genetically Engineered Corn...

In 2021, Chinese imports of alfalfa pellets hit record levels of 52,254 metric tons (MT) and $13.66 million by value, increases of 62 percent and 70 percent respectively. The market is dominated by Spanish-origin pellets.

On May 23, 2022, the People’s Republic of China (PRC) and Brazil held High-Level Committee talks. According to the press release issued by the PRC’s Ministry of Commerce (MOFCOM) on May 24, the talks included several agricultural-related outcomes including, improved and new sanitary and phytosanitary (SPS) market access protocols for corn and hulled peanuts along with plans for new SPS protocols on soy protein concentrate, soybean meal, and orange fiber pellets that may be signed later.

The 2021 U.S. Agricultural Export Yearbook provides a statistical summary of U.S. agricultural commodity exports to the world.

A number of factors have converged over the last 18 months to send global agricultural commodity prices to near-record levels. Russia’s invasion of Ukraine – and the potential loss of Ukrainian exports – was the latest development to push commodity prices higher.

Post forecasts overall feed demand to decline by 2 percent in MY2022/23 as prices rise and additional contraction of the swine industry is anticipated. Corn for feed consumption in MY2022/23 is forecast up 2.8 percent, or 6 million metric tons (MMT). MY2022/23 corn, wheat, and rice production are all forecast down due to the push to increase oilseed production and weather conditions in major wheat growing areas.

On February 22, 2022, the People's Republic of China (PRC) released its annual policy guidelines, "The Number 1 Document," on agriculture and rural development. The 2022 No.1 Document signaled no major policy changes but placed greater importance on maintaining achievements made toward food security.

China’s overall feed production is projected to rise through the end of calendar year 2022.