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

2020-10-14 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.	Sept. Proj.	Oct. Proj.	Sept. Proj.	Oct. Proj.
Beginning Stocks	1294	1384	1559	1289	1289	1697	1601
Domestic Production	1265	1485	1590	1600	1600	1700	1700
Imports	9220	9411	8280	9678	9662	9900	10000
Total Supply	11779	12280	11429	12567	12551	13297	13301

Crush: of which	8800	8986	8500	9100	9180	9300	9500
Domestic Soybeans	137	200	210	210	210	250	250
Imported Soybeans	8663	8786	8290	8890	8970	9050	9250
Exports	15	15	15	15	15	15	15
Seeds	60	70	75	85	85	85	85
Food & Industrial Consumption	1520	1650	1550	1670	1670	1750	1750
Total Use	10395	10721	10140	10870	10950	11150	11350

Ending Stocks	1384	1559	1289	1697	1601	2147	1951
Stock-to-use Ratio	0.1331	0.1454	0.1271	0.1561	0.1462	0.1926	0.1719

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