Albeit mills in Guangdong province and its surroundings suspend operation under the typhoon, little impact is posed on soybean crush as mills try to resume operation as soon as possible after the short-lived suspension. Additionally, to meet expanded delivery in downstream especially in the run-up to the Chinese holiday, soybean operation rate actually is revised up this week (Sept. 15th- 21st). National soybean crush thereby amounts to 1,943,500 tonnes (1,535,365 tonnes of soybean meal, 369,265 tonnes of soybean oil), up 91,600 tonnes from 1,851,900 tonnes attained last week by 4.94%. Meantime, soybean processing rate (capacity utilization) also ascends to 55.64% from 53.02% the prior week, about 2.62 percentage points higher by comparison. Total soybean crush, according to Cofeed, will probably be downsized to 1.90 Mln tonnes in week 39 next week and at 1.70 Mln tonnes in week 40 provided if operation rate declines during Chinese holiday.

    Soybean crush in year 2017/2018 (as from 1 October 2017) now settles at 87,558,572 tonnes, a growth of 1,279,145 tonnes or 1.4% contrasting with 86,279,427 tonnes in year 2016/17. National soybean crush in calendar year 2018 (as from 1 January 2018) totals 62,952,952 tonnes, still 625,677 tonnes or 0.98% lower than 63,578,629 tonnes on a year-on-year basis.

                        Figure: Soybean Weekly Crush in China (2014-2018)

Details for weekly crush are shown as follows: