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% |