With a slight pickup in operation rates this week (Oct 31-Nov 6), soybean crush at domestic mills totals 2,095,580 tonnes (meal 1,655,508 tonnes and oil 398,160 tonnes), up 2,100 tonnes or 0.10% from 2,093,480 tonnes last week. Meanwhile, operation rates (capacity utilization) are 59.85%, up 0.06% from 59.79% in the previous week. Soybean crush is expected to rise to 2.12 mln tonnes and move to 2.15 mln tonnes in the next two weeks, respectively.

In the crop year of 2020/21 (from Oct 1st, 2020), China’s soybean crush totals 10,397,424 tonnes, up 1,862,974 tonnes or 21.83% from 8,534,450 tonnes a year earlier.

In the calendar year of 2020 (from Jan. 1st, 2020), China’s soybean crush amounts to 80,004,110 tonnes, up 9,427,975 tonnes or 13.36% from 70,576,135 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: