Cofeed:China Soybean Supply and Demand Estimates (July, 2019)

2019-07-19 www.cofeed.com

Domestic Soybean Supply & Demand Estimates (Crop year: Oct.-Sept; 0’000 tonnes)
Item/Year	2015/16	2016/17	2017/18	2018/19		2019/20
	Est.	Est.	Est.	June Proj.	July Proj.	June Proj.	July Proj.
Beginning Stocks	1,350	1294	1384	1559	1559	1199	1299
Domestic Production	1,090	1265	1485	1500	1500	1600	1600
Imports	8,317	9220	9411	8580	8610	9000	9000
Total Supply	10,757	11779	12280	11639	11669	11799	11899

Crush	8,140	8800	8986	8750	8680	8800	8800
Domestic	190	137	200	215	215	230	230
Imported	7,950	8663	8786	8535	8465	8570	8570
Exports	15	15	15	15	15	15	15
Seeds	50	60	70	75	75	75	75
Food & Industrial Consumption	1,258	1520	1650	1600	1600	1650	1650
Total Use	9,463	10395	10721	10440	10370	10540	10540

Ending Stocks	1,294	1384	1559	1199	1299	1259	1359
Stock-to-use Ratio	13.72%	13.31%	14.54%	11.48%	12.53%	11.94%	12.89%

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