Today is 12/22/2024

Cofeed:China Soybean Supply and Demand Estimates (Dec, 2019)

2019-12-10 www.cofeed.com
Domestic Soybean Supply & Demand Estimates (Crop year: Oct.-Sept; 0’000 tonnes)
Item/Year 2015/16 2016/17 2017/18 2018/19 2019/20
Est. Est. Est. Nov. Proj. Dec. Proj. Nov. Proj. Dec. Proj.
Beginning Stocks 1,350 1294 1384 1559 1559 1249 1249
Domestic Production 1,090 1265 1485 1500 1500 1600 1600
Imports 8,317 9220 9411 8280 8280 8700 8700
Total Supply 10,757 11779 12280 11339 11339 11549 11549
Crush 8,140 8800 8986 8500 8500 8600 8600
Domestic 190 137 200 210 210 230 230
Imported 7,950 8663 8786 8290 8290 8370 8370
Exports 15 15 15 15 15 15 15
Seeds 50 60 70 75 75 75 75
Food & Industrial Consumption 1,258 1520 1650 1500 1500 1580 1580
Total Use 9,463 10395 10721 10090 10090 10270 10270
Ending Stocks 1,294 1384 1559 1249 1249 1279 1279
Stock-to-use Ratio 13.72% 13.31% 14.54% 12.38% 12.38% 12.45% 12.45%


Imported Soybean Supply & Demand Estimates (0’000 tonnes)
Year Est. Beginning Stocks Import &delivery from reserves reserve grain rotation and warehousing Total Supply imported soybean for crushing Food & Extruded Total Use Ending Stocks
2017 Jan 584 751 1335 665 65 730 605
Feb 605 570 1175 556 11 567 608
Mar 608 607 1215 650 14 664 551
Apr 551 786 1337 708 43 751 586
May 586 914 1500 788 70 858 642
Jun 642 854 1496 746 64 810 686
Jul 686 881 1567 785 46 831 736
Aug 736 781 1517 761 20 781 736
Sept 736 759 1495 814 26 840 655
Oct 655 678 1333 741 30 771 562
Nov 562 906 1468 798 63 861 607
Dec 607 883 1490 852 23 875 615
2018 Jan 615 848 1463 818 45 863 600
Feb 600 564 1164 415 40 455 709
Mar 709 566 1275 710 10 720 555
Apr 555 771 1326 696 15 711 615
May 615 912 1527 689 68 757 770
Jun 770 870 1640 746 70 816 824
Jul 824 797 1621 741 50 791 830
Aug 830 855 1685 810 16 826 859
Sept 859 790 1649 770 10 780 869
Oct 869 692 1561 782 10 792 769
Nov 769 634 1403 695 10 705 698
Dec 698 690 1388 733 10 743 645
2019 Jan 645 650 1295 687 10 697 598
Feb 598 400 998 364 54 418 580
Mar 580 602 -20 1162 688 24 712 450
Apr 450 811 -30 1231 700 21 721 510
May 510 800 0 1310 762 12 774 536
Jun 536 795 -26 1305 730 50 780 525
Jul 525 930 -89 1366 661 47 708 658
Aug 658 862 -108 1412 748 22 770 642
Sept 642 797 -80 1349 740 50 790 559
Oct 559 740 -120 1179 660 65 725 454
Nov 454 790 -70 1174 693 46 739 435
Dec 435 940 -65 1310 740 65 805 505
2020 Jan 505 710 -60 1155 560 40 600 555
Feb 555 480 0 1035 600 20 625 410
Mar 410 610 0 1020 670 30 700 320
Apr 320 750 0 1070 705 20 725 345
May 345 800 0 1145 750 25 775 370
Jun 370 790 0 1160 735 30 765 395
Jul 395 780 0 1175 720 30 750 425
Aug 425 838 0 1263 787 28 815 448
Sept 448 770 0 1218 750 15 765 453