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

2021-02-10 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.	Est.	Jan. Proj.	Feb. Proj.
Beginning Stocks	1294	1384	1559	1289	1601	1651
Domestic Production	1265	1485	1590	1650	1700	1760
Imports	9220	9411	8280	9662	10000	10200
Total Supply	11779	12280	11429	12601	13301	13611

Crush: of which	8800	8986	8500	9180	9600	9700
Domestic Soybeans	137	200	210	210	200	215
Imported Soybeans	8663	8786	8290	8970	9400	9485
Exports	15	15	15	15	15	15
Seeds	60	70	75	85	85	87
Food & Industrial Consumption	1520	1650	1550	1670	1750	1780
Total Use	10395	10721	10140	10950	11450	11582

Ending Stocks	1384	1559	1289	1651	1851	2029
Stock-to-use Ratio	0.1331	0.1454	0.1271	0.1462	0.1617	0.1752

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