As mills continue to raise operation rates this week (Nov. 23-29), soybean crush at domestic mills totals 1,775,350 tonnes (meal 1,402,526 tonnes and oil 337,316 tonnes), up 4,650 tonnes, or 0.26%, from 1,770,700 tonnes in the previous week. Meanwhile, operation rates (capacity utilization) reach 48.97%, up 0.13 percentage points from 48.84% in the previous week. Soybean crush is predicted to decline slightly to around 1.72 mln tonnes next week as some mills halt for soybean shortages, and the to increase again to 1.81 mln tonnes that following week. 

 

Soybean crush nationwide is estimated at 7.19 mln tonnes in November at current utilization rate, above the 6.69 mln tonnes in October and slightly above 7.18 mln tonnes of the corresponding period last year.  

 

As of this week, soybean crush nationwide totals 13,715,600 tonnes in the crushing year of 2019/20 (from October 1st, 2019), down 1,922,985 tonnes, or 12.29%, from 15,638,585 tonnes of the same period last year. In calendar year of 2019 (from Jan. 1st, 2019), national soybean crush amounts to 75,757,015 tonnes, down 5,311,365 tonnes, or 6.55%, from 81,068,380 tonnes of the corresponding period in 2018.