This week (Sept. 6th-13th), as the operation rate continues dropping for swelling meal inventory in South China, soybean crush totals 1,799,700 tonnes (meal 1,421,763 tonnes and oil 341,943 tonnes), a reduction of 13,450 tonnes by 0.74% from 1,813,150 tonnes last week. Meanwhile, the operation rate (capacity utilization) is 49.74%, down 0.76 percentage points from 50.50% last week. Soybean crush is expected to fall further next week and to rise again that following week, of which it will be at around 1.75 mln tonnes and 1.80 mln tonnes, respectively.

 

As of this week, soybean crush nationwide totals 81,053,365 tonnes in the crushing year of 2018/19 (from October, 2018), down 4,341,735 tonnes by 5.08% from 85,395,100 tonnes of the same period last year; in 2019 (from Jan. 1st, 2019), national soybean crush amounts to 57,901,965 tonnes, down 3,092,415 tonnes by 5.06% from 60,994,380 tonnes of the corresponding period in 2018, according to Cofeed. 

 

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

 

Details for weekly crush by region and by group are shown as follows: