After major Wall Street banks continued to issue grain crisis warnings, corn and wheat prices both surged to their highest levels in more than three years. A-share agricultural stock Wanxiang Doneed opened limit-up and posted its fifth consecutive daily limit. On August 31, China's three major stock indexes opened lower, with the Shanghai Composite Index down 0.65 percent, the Shenzhen Component Index down 1.35 percent, and the ChiNext Index down 1.67 percent, while more than 4,000 stocks fell. Chicago wheat futures closed up 3.1 percent on Friday at 784 cents per bushel, after touching 790.25 cents intraday, the highest since February 2023. Wanxiang Doneed mainly develops, produces and sells hybrid corn seeds. Its revenue in the first half of 2026 was 99.47 million yuan, down 15.14 percent year on year, while net profit was 13.80 million yuan, down 44.47 percent year on year. The company has issued an announcement on abnormal share price fluctuations to warn of trading risks.
Wanxiang Doneed Co LtdGrain crisis warnings and surging corn/wheat prices boost demand for hybrid corn seeds.
