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. | Mar. Est. | Apr. Est. | Mar. Est. | Apr. Est. | |
Beginning Stocks | 1,350 | 1294 | 1384 | 1559 | 1559 | 1299 | 1289 |
Domestic Production | 1,090 | 1265 | 1485 | 1500 | 1500 | 1600 | 1600 |
Imports | 8,317 | 9220 | 9411 | 8610 | 8610 | 9000 | 9250 |
Total Supply | 10,757 | 11779 | 12280 | 11669 | 11669 | 11899 | 12139 |
Crush: of which | 8,140 | 8800 | 8986 | 8680 | 8680 | 8800 | 8730 |
Domestic Soybeans | 190 | 137 | 200 | 215 | 215 | 230 | 210 |
Imported Soybeans | 7,950 | 8663 | 8786 | 8465 | 8465 | 8570 | 8520 |
Exports | 15 | 15 | 15 | 15 | 15 | 15 | 15 |
Seeds | 50 | 60 | 70 | 75 | 75 | 75 | 85 |
Food & Industrial Consumption | 1,258 | 1520 | 1650 | 1600 | 1600 | 1650 | 1650 |
Total Use | 9,463 | 10395 | 10721 | 10370 | 10370 | 10540 | 10480 |
Ending Stocks | 1,294 | 1384 | 1559 | 1299 | 1299 | 1359 | 1659 |
Stock-to-use Ratio | 13.72% | 13.31% | 14.54% | 12.53% | 12.53% | 12.89% | 15.83% |