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

2020-08-13 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.	Jul. Proj.	Aug. Proj.	Jul. Proj.	Aug. Proj.
Beginning Stocks	1294	1384	1559	1289	1289	1886	1773
Domestic Production	1265	1485	1590	1600	1600	1700	1700
Imports	9220	9411	8280	9697	9704	9750	9800
Total Supply	11779	12280	11429	12586	12593	13336	13273

Crush: of which	8800	8986	8500	8950	9070	9250	9250
Domestic Soybeans	137	200	210	210	210	250	250
Imported Soybeans	8663	8786	8290	8740	8860	9000	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	1750	1750
Total Use	10395	10721	10140	10700	10820	11100	11100

Ending Stocks	1384	1559	1289	1886	1773	2236	2173
Stock-to-use Ratio	0.1331	0.1454	0.1271	0.1763	0.1639	0.2014	0.1958

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