Amid declining operation rate for swelling inventories of soybean meal and a lack of soybean, soybean crush this week (Mar. 2nd-8th) totals 1,581,800 tonnes (meal 1,249,622 tonnes and oil 300,542 tonnes), a reduction of 95,800 tonnes by 5.71% from 1,677,600 tonnes last week. Meanwhile, operation rate (capacity utilization) has gone down by 2.71 percentage points to 44.62% from 47.33% last week. Soybean crush will peg at 1.63 Mln tonnes and 1.62 Mln tonnes in the next two weeks respectively for pickups in operation rate.

      

       Fig.: Soybean Weekly Crush in China (2015-2019)

　　Details for weekly crush are shown as follows: