Soybean crush continues to be slightly lower this week (Nov. 2-8) due to soybean shortages. The crush at domestic mills totals 1547450 tonnes (meal 1222485 tonnes and oil 294015 tonnes), down 7000 tonnes, or 0.45%, from 1554450 tonnes in the previous week. Meanwhile, the operation rate (capacity utilization) is 42.68%, down 0.2 percentage points from 42.88% in the previous week. Soybean crush is predicted to increase to around 1.68 mln tonnes next week and to 1.77 mln tonnes that following week. 

 

As of this week, soybean crush nationwide totals 8,534,450 tonnes in the crushing year of 2019/20 (from October 1st, 2019), down 2,003,335 tonnes, or 19.01%, from 10,537,785 tonnes of the same period last year. In 2019 (from Jan. 1st, 2019), national soybean crush amounts to 

70,575,865 tonnes, down 5,391,715 tonnes, or 7.10%, from 75,967,580 tonnes of the corresponding period in 2018. 

 

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

 

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