Soybean: Soybean arrivals this week increase substantially, in detail, actual 36 vessels loaded with 2,229,000 tonnes of imported soybeans arrive at China’s ports. As thus, imported soybeans in coastal key areas are increased from 6,689,700 tonnes last week to 7,051,900 tonnes in stockpiles the week (Sept. 8th- 14th), up 362,200 tonnes by 5.41%, and also up 29.36% from 5,451,000 tonnes year on year. Soybean stocks next week in mills will ease the rising pace if soybean crush recovers to a high level at 1.80 or even at 1.90 Mln tonnes in following two weeks.

    Soybean meal: Soybean meal decreases in stocks for downstream buyers step up goods delivery to get more stockpiling seeing Chinese holidays around the corner. Till Sept. 14th, total stocks in costal major areas are shrived from 1,020,900 tonnes last week to 937,900 tonnes, down 830,000 by 8.13%, yet still up 11.96% vis-a-vis 837,700 tonnes year on year. Soybean meal stocks are to ease the falling pace provided if operation rate goes further high.

    Soybean meal amounts in outstanding contracts see a decline this week. Till Sept. 14th, amounts in coastal main areas to fulfill in contracts have lowered to 5,396,900 tonnes from 6,068,400 tonnes, about 671,500 tonnes and 11.06% lower by comparison, but still up 14.20% contrasting with 4,725,800 tonnes year on year. 

                      Figure 1: China’s coastal soybean carry-over stocks in recent years

                     Figure 2: Chin’s coastal soybean meal carry-over stocks in recent years

                 Figure 3: China’s coastal soybean meal in outstanding contracts in recent years