As crushers continue picking up operation rates this week (Oct 17-23), soybean crush at domestic mills totals 2,197,250 tonnes (meal 1,735,828 tonnes and oil 417,478 tonnes), up 108,950 tonnes or 5.21% from 2,088,300 tonnes last week. Meanwhile, operation rates (capacity utilization) are 63.26%, up 3.14% from 60.12% in the previous week. Soybean crush is expected to stay at 2.16 mln tonnes and move to 2.20 mln tonnes in the next two weeks, respectively.

Soybean crush nationwide is estimated at 8.71 mln tonnes in October at current utilization rate, lower than 9.1015 mln tonnes in the previous month but far above 6.6918 mln tonnes of the corresponding period last year.

In the crop year of 2020/21 (from Oct 1st, 2020), China’s soybean crush totals 6,208,364 tonnes, up 775,814 tonnes or 14.28% from 5,432,550 tonnes a year earlier.

In the calendar year of 2020 (from Jan. 1st, 2020), China’s soybean crush amounts to 75,815,050 tonnes, up 8,340,815 tonnes or 12.36% from 67,474,235 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: