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

2019-08-09 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.	July Proj.	Aug. Proj.	July Proj.	Aug. Proj.
Beginning Stocks	1,350	1294	1384	1559	1559	1299	1299
Domestic Production	1,090	1265	1485	1500	1500	1600	1600
Imports	8,317	9220	9411	8610	8460	9000	8800
Total Supply	10,757	11779	12280	11669	11519	11899	11699

Crush	8,140	8800	8986	8680	8530	8800	8700
Domestic	190	137	200	215	215	230	230
Imported	7,950	8663	8786	8465	8315	8570	8470
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	1600
Total Use	9,463	10395	10721	10370	10220	10540	10390

Ending Stocks	1,294	1384	1559	1299	1299	1359	1309
Stock-to-use Ratio	13.72%	13.31%	14.54%	12.53%	12.71%	12.89%	12.60%

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