Cofeed: China Soybean Supply and Demand Estimates (Jan, 2021)

2021-01-08 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.	Dec. Proj.	Jan. Proj.	Dec. Proj.	Jan. Proj.
Beginning Stocks	1294	1384	1559	1289	1289	1601	1601
Domestic Production	1265	1485	1590	1600	1600	1700	1700
Imports	9220	9411	8280	9662	9662	10000	10000
Total Supply	11779	12280	11429	12551	12551	13301	13301

Crush: of which	8800	8986	8500	9180	9180	9600	9600
Domestic Soybeans	137	200	210	210	210	210	200
Imported Soybeans	8663	8786	8290	8970	8970	9390	9400
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	10950	10950	11450	11450

Ending Stocks	1384	1559	1289	1601	1601	1851	1851
Stock-to-use Ratio	0.1331	0.1454	0.1271	0.1462	0.1462	0.1617	0.1617

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