Soybean crush in September in China
According to our final detailed investigation and verification, soybean crush of oil mills in September totals 7,559,650 tonnes (meal 5,972,123 tonnes and oil 1,436,333 tonnes), down 11,800 tonnes by 0.16% from 7,571,450 tonnes in August, and down by 5.23% from 7,976,900 tonnes of the same period last year.
So far, soybean crush nationwide totals 85,084,600 tonnes in the crushing year of 2018/19 (from Oct. 1st, 2018), down 4,785,272 tonnes by 5.32% from 89,869,872 tonnes in 2017/18. In calendar 2019 (from Jan. 1st, 2019), national soybean crush totals 62,027,100 tonnes, down 3,517,252 tonnes by 5.36% from 65,544,352 tonnes in 2018.
Soybean Crush in September in China by Region (tonne) |
|||||||
Ranking |
Region |
1st-6th |
7-13th |
14-20th |
21st-27th |
28-30th |
Total |
1 |
Jiangsu |
87000 |
313500 |
320000 |
303500 |
349500 |
52000 |
2 |
Shandong |
83400 |
325300 |
293400 |
278800 |
336900 |
55350 |
3 |
Guangdong |
44200 |
207100 |
168000 |
169700 |
242500 |
29700 |
4 |
Guangxi |
51600 |
165000 |
146000 |
195000 |
195500 |
26500 |
5 |
Hebei |
36000 |
134000 |
126000 |
133000 |
137000 |
18000 |
6 |
Tianjin |
25000 |
117500 |
117500 |
134500 |
147000 |
21000 |
7 |
Liaoning |
23600 |
124100 |
113600 |
114600 |
140600 |
22600 |
8 |
Fujian |
19800 |
75100 |
74000 |
96500 |
77000 |
11000 |
9 |
Hubei |
8800 |
42700 |
45700 |
33700 |
27600 |
3000 |
10 |
Zhejiang |
8400 |
33500 |
33500 |
47000 |
20500 |
2500 |
11 |
Sichuan |
13000 |
17000 |
7700 |
28700 |
55100 |
8400 |
12 |
Henan |
9600 |
13200 |
18600 |
35200 |
39200 |
5600 |
13 |
Shaanxi |
6400 |
8000 |
16400 |
28400 |
30800 |
4400 |
14 |
Heilongjiang |
7600 |
24600 |
19600 |
19600 |
19600 |
2800 |
15 |
Jilin |
0 |
20000 |
28000 |
28000 |
4000 |
0 |
16 |
Hunan |
4600 |
10600 |
7000 |
19600 |
19600 |
2800 |
17 |
Chongqing |
0 |
7500 |
17500 |
17500 |
17500 |
2500 |
18 |
Anhui |
4400 |
8400 |
9400 |
13000 |
12500 |
2200 |
19 |
Jiangxi |
3000 |
10500 |
10500 |
10500 |
10500 |
1500 |
20 |
Shanghai |
0 |
0 |
5000 |
17500 |
17500 |
2500 |
21 |
Neimenggu |
0 |
0 |
1000 |
0 |
0 |
0 |
22 |
Xinjiang |
0 |
0 |
0 |
0 |
0 |
0 |
23 |
Shanxi |
0 |
0 |
0 |
0 |
0 |
0 |
|
Total |
436400 |
1657600 |
1578400 |
1724300 |
1900400 |
274350 |
Remarks: Above is the final data after verification. |
Soybean imports in China
China’s Customs: Soybean Import in China by Month (0’000 tonnes)
M/Y |
2018 |
2019 |
Jan |
848.07 |
737.70 |
Feb |
542.42 |
446.00 |
Mar |
566.20 |
492.00 |
Apr |
690.00 |
764.00 |
May |
969.00 |
736.00 |
Jun |
870.00 |
651.32 |
Jul |
801.00 |
864.03 |
Aug |
915.00 |
948.07 |
Sep |
801.00 |
802.20 |
Oct |
692.00 |
750.00 |
Nov |
538.39 |
740.00 |
Dec |
572.06 |
710.00 |
Total |
8805.14 |
8641.32 |
According to Cofeed, the import is predicted to be 123 cargoes with 8.022 mln tonnes for September, 7.50 mln tonnes for October, 7.40 mln tonnes for November and 7.10 mln tonnes for December. Statistics will be updated every week on account of variable and unstable buying.
Monthly carryover inventory at ports in China
Although soybean crush is little changed this month, the imports have decreased, so soybean inventory continues to drop in September. By the end of September, imported soybean inventory totals 5,226,000 tonnes, down 1,197,000 tonnes by 18.63% from 6,423,000 tonnes in August and down by 39.89% from 8,695,000 tonnes of the corresponding period last year. The inventory is predicted to fall further on small amount arriving at ports later.
Soybean Crush Margins in China (yuan/tonne) |
|||||
Date |
U.S. soybean |
Bra. soybean |
Arg. soybean |
Distributed |
Domestic |
Sept. 2 |
-620 |
118 |
100 |
-159 |
-55 |
Sept. 4 |
-602 |
134 |
115 |
-152 |
-47 |
Sept. 5 |
-598 |
100 |
83 |
-174 |
-76 |
Sept. 6 |
-592 |
115 |
93 |
-215 |
-118 |
Sept. 9 |
-567 |
138 |
113 |
-217 |
-130 |
Sept. 10 |
-565 |
121 |
113 |
-236 |
-135 |
Sept. 11 |
-641 |
61 |
34 |
-256 |
-127 |
Sept. 12 |
-545 |
70 |
50 |
-263 |
-138 |
Sept. 16 |
-747 |
69 |
-10 |
-268 |
-130 |
Sept. 17 |
-757 |
100 |
21 |
-229 |
-118 |
Sept. 18 |
-744 |
130 |
72 |
-227 |
-124 |
Sept. 19 |
-729 |
118 |
69 |
-232 |
-121 |
Sept. 20 |
-699 |
103 |
62 |
-259 |
-134 |
Sept. 23 |
-643 |
154 |
112 |
-230 |
-127 |
Sept. 24 |
-692 |
134 |
98 |
-231 |
-137 |
Sept. 25 |
-729 |
140 |
117 |
-221 |
-122 |
Sept. 26 |
-716 |
164 |
128 |
-219 |
-138 |
Sept. 27 |
-770 |
133 |
87 |
-264 |
-180 |
Sept. 30 |
-697 |
180 |
134 |
-236 |
-159 |