With the end of the Mid-Autumn and the National Day holidays, operation rates for soybean crush quickly pick up to a very high level this week (Oct 10-16). Specifically, soybean crush at domestic mills totals 2,088,300 tonnes (meal 1,649,757 tonnes and oil 396,777 tonnes), up 700,750 tonnes or 50.5% from 1,387,550 tonnes last week. Meanwhile, operation rates (capacity utilization) are 60.12%, up 20.17% from 39.95% in the previous week. Soybean crush is expected to continue its rise to 2.14 mln tonnes and 2.16 mln tonnes in the next two weeks.

In the crop year of 2020/21 (from Oct 1st, 2020), China’s soybean crush totals 4,011,114 tonnes, up 328,514 tonnes or 8.92% from 3,682,600 tonnes a year earlier.

In the calendar year of 2020 (from Jan. 1st, 2020), China’s soybean crush amounts to 73,617,800 tonnes, up 7,893,515 tonnes or 12.01% from 65,724,285 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: