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

2019-09-11 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. Aug. Proj. Sept. Proj. Aug. Proj. Sept. 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 8460 8350 8800 8700
Total Supply 10,757 11779 12280 11519 11409 11699 11599
 
Crush 8,140 8800 8986 8530 8480 8700 8600
Domestic 190 137 200 215 210 230 230
Imported 7,950 8663 8786 8315 8270 8470 8370
Exports 15 15 15 15 15 15 15
Seeds 50 60 70 75 75 75 75
Food & Industrial Consumption 1,258 1520 1650 1600 1540 1600 1580
Total Use 9,463 10395 10721 10220 10110 10390 10270
 
Ending Stocks 1,294 1384 1559 1299 1299 1309 1329
Stock-to-use Ratio 13.72% 13.31% 14.54% 12.71% 12.85% 12.60% 12.94%