April 3, 2026 Domestic Grain and Oil Market Price Information

MaticHoleFiller · 2026-04-04T16:33:49+00:00

On April 3rd, domestic grain and oilseed markets experienced wheat price fluctuations, with flour mill operation rates declining and flour sales decreasing. COFCO International will import corn from Argentina for the first time to meet China's feed demand. The nationwide spring planting progress is on par with last year, with slow soybean transactions in Northeast China and stable high-protein soybean prices. In the second quarter, palm oil production will increase, and the market faces multiple influencing factors.

MaticHoleFiller

2026-04-04 16:33:49

Abstract generation in progress

(Source: Seed Industry Business Network)

Headline: Domestic Grains and Oils Market News for April 3, 2026 Source: Seed Industry Business Network

On April 3, domestic main producing areas saw wheat purchase prices move both up and down, with adjustments of 3–5厘. In the near term, flour mill operating rates declined slightly, and local flour sales prices fell. Currently, the game between wheat market supply and demand is intensifying, and market wait-and-see sentiment has increased.
According to a statement by the trade department of COFCO Group, COFCO International will load a batch of bulk Argentine corn to China. This will be Argentina’s first corn export to China in 15 years. It marks further expansion of agricultural trade between the two countries. This batch of about 34k tons of corn will be loaded from the terminal at Puerto Bues port in Argentina operated by COFCO, and will be used to meet China’s feed industry demand.
The Ministry of Agriculture and Rural Affairs’ latest agricultural situation dispatch shows that, as of now, across the country spring-sown grains have completed 5.5% of the intended area, with progress basically matching last year. Among them, rice nurseries have reached 75%, and sowing and transplanting have exceeded 10%. In Hainan, sowing and transplanting have exceeded 80%. In Guangdong, nursery-raising is basically finished, and transplanting has been done for about 30%. In Guangxi, nursery-raising is close to 90%, and transplanting has been done for about 20%. In Hunan, nursery-raising has exceeded 80%; in Fujian, it has exceeded 70%; in Jiangxi, it is nearly 60%; in Hubei, it is close to 50%; and in Anhui, it is above 30%.
Downstream market feedback indicates that soybean procurement and sales in Northeast China are extremely slow, and overall demand remains weak. Although protein soybeans are in short supply, with vegetable and egg/meat prices currently in a relatively low range, demand for processed soybean products has been diverted. With terminal demand not strong, prices of high-protein soybeans are expected to remain stable for the time being. Demand for low-protein soybeans and oil soybeans is weak, making the weakness even more pronounced.
In the second quarter, palm oil at the origin is overall entering a peak production cycle, and supply pressure is gradually becoming apparent. However, disturbances still remain, such as geopolitical conflicts, Indonesia’s B50 policy, and expectations of an increase in export taxes. With bullish and bearish factors intertwined, price fluctuations may be amplified. Domestic inventories at a high level are gradually declining. With the gap between soy and palm prices inverted, demand is limited, and the basis is expected to remain relatively weak.

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