Following a further rise in operation rates this week (Aug 22-28), soybean crush at domestic mills totals 2,038,200 tonnes (meal 1,610,178 tonnes and oil 387,258 tonnes), up 21,200 tonnes or 1.05% from 2,017,000 tonnes last week. Meanwhile, operation rates (capacity utilization) are 58.70%, up 0.61% from 58.09% in the previous week. Soybean crush is predicted to increase to around 2.04 mln tonnes and 2.07 mln tonnes in the coming two weeks, respectively.

Soybean crush nationwide is estimated at 8.95 mln tonnes in August at current utilization rate, above 8.9415 mln tonnes in the previous month and also far above 7.5715 mln tonnes of the corresponding period last year.

As of this week, soybean crush nationwide totals 81,918,264 tonnes in the soybean crop year of 2019/20 (from Oct 1st, 2019), 4,477,479 tonnes or 5.78% above 77,440,785 tonnes of the same period last year. In calendar year of 2020 (from Jan. 1st, 2020), national soybean crush amounts to 59,888,750 tonnes, 5,599,365 tonnes or 10.31% above 54,289,385 tonnes of the corresponding period in 2019.

Fig.: Soybean Weekly Crush in China (2016-2020)

Details for weekly crush by region and by group are shown as follows: