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Cofeed:China Soybean Supply and Demand Estimates (Jul, 2020)

2020-07-10 www.cofeed.com
China Soybean Supply and Demand Estimates (Oct-Sept)
Item/Year 2016/17 2017/18 2018/19 2019/20 2020/21
(0,000 tonnes) Est. Est. Est. Jun. Proj. Jul. Proj. Jun. Proj. Jul. Proj.
Beginning Stocks 1294 1384 1559 1289 1289 1909 1886
Domestic Production 1265 1485 1590 1600 1600 1650 1700
Imports 9220 9411 8280 9600 9697 9600 9750
Total Supply 11779 12280 11429 12489 12586 13159 13336
 
Crush: of which 8800 8986 8500 8830 8950 9150 9250
Domestic Soybeans 137 200 210 210 210 250 250
Imported Soybeans 8663 8786 8290 8620 8740 8900 9000
Exports 15 15 15 15 15 15 15
Seeds 60 70 75 85 85 85 85
Food & Industrial Consumption 1520 1650 1550 1650 1650 1700 1750
Total Use 10395 10721 10140 10580 10700 10950 11100
 
Ending Stocks 1384 1559 1289 1909 1886 2209 2236
Stock-to-use Ratio 0.1331 0.1454 0.1271 0.1804 0.1763 0.2017 0.2014