The operation rates for soybean crush are still being pegged at a high level this week (Jan. 4-10). The crush at domestic mills totals 2,040,100 tonnes (meal 1,611,679 tonnes and oil 387,619 tonnes), up 39,600 tonnes or 1.97% from 2,000,500 tonnes in the previous week. Meanwhile, operation rates (capacity utilization) reach 58.22%, up 1.44 percentage points from 56.78% in the previous week. Soybean crush is predicted to fall to around 1.92 mln tonnes next week, and sharply to around 920,000 tonnes that following week as mills will close for the Spring Festival. 

 

As of this week, soybean crush nationwide totals 24,931,100 tonnes in the crushing year of 2019/20 (from October 1st, 2019), down 594,785 tonnes or 2.49% from 25,525,885 tonnes of the same period last year. In calendar year of 2020 (from Jan. 1st, 2020), national soybean crush amounts to 2,897,457 tonnes, up 522,972 tonnes or 22.02% from 2,374,485 tonnes of the corresponding period in 2019.