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

2020-09-14 www.cofeed.com


Item/Year	2016/17	2017/18	2018/19	2019/20		2020/21
(0,000 tonnes)	Est.	Est.	Est.	Aug. Proj.	Sept. Proj.	Aug. Proj.	Sept. Proj.
Beginning Stocks	1294	1384	1559	1289	1289	1773	1697
Domestic Production	1265	1485	1590	1600	1600	1700	1700
Imports	9220	9411	8280	9704	9678	9800	9900
Total Supply	11779	12280	11429	12593	12567	13273	13297

Crush: of which	8800	8986	8500	9070	9100	9250	9300
Domestic Soybeans	137	200	210	210	210	250	250
Imported Soybeans	8663	8786	8290	8860	8890	9000	9050
Exports	15	15	15	15	15	15	15
Seeds	60	70	75	85	85	85	85
Food & Industrial Consumption	1520	1650	1550	1650	1670	1750	1750
Total Use	10395	10721	10140	10820	10870	11100	11150

Ending Stocks	1384	1559	1289	1773	1697	2173	2147
Stock-to-use Ratio	0.1331	0.1454	0.1271	0.1639	0.1561	0.1958	0.1926

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