According to final detailed investigation and verification by Cofeed, soybean crush in oil mills in October totals 6,691,800 tonnes (meal 5,286,522 tonnes and oil 1,271,442 tonnes), down 867,850 tonnes by 11.48% from 7,559,650 tonnes in September, and down by 19.04% from 8,265,600 tonnes of the same period last year.

　　

So far, soybean crush nationwide totals 6,691,800 tonnes in the crushing year of 2019/20 (from Oct. 1st, 2019), down 1,573,800 tonnes by 19.04% from 8,265,600 tonnes in 2018/2019. In calendar 2019 (from Jan. 1st, 2019), national soybean crush totals 68,718,900 tonnes, down 5,091,052 tonnes by 6.89% from 73,809,952 tonnes in 2018.

 

 

 

China’s Customs: Soybean Imports in China by Month (0’000 tonnes)

 

According to Cofeed, the import is predicted to be 113 cargoes with 7.322 mln tonnes for October, 125 cargoes with 8.1085 mln tonnes for November and 8.50 mln tonnes for December, 7.0 mln tonnes for January 2020 and 3.90 mln tonnes for February. Statistics will be updated every week on account of variable and unstable buying. 

 

 

Soybean stocks continue to decline this month, as some imports are for state reserves, rather than for mills. By the end of October, imported soybean inventory totals 4,626,000 tonnes, down 600,000 tonnes by 11.48% from 5,226,000 tonnes in September and down by 41.40% from 7,894,700 tonnes of the corresponding period last year. The stocks are predicted to continue to fall as come cargoes are still for state reserves and mills will also pick up their soybean crush.