According to Cofeed, on the week as of Apr 16, details of soybean stocks and soybean meal stocks and outstanding contracts in coastal regions are as follows:

Soybean: Soybean stocks are little changed with a small decline this week as the small volume put into mill stock offsets a slight rise in soybean crush. In the week as of Apr 16, China’s imported soybean stocks in coastal regions total 3,730,900 tonnes, down 1,300 tonnes by 0.03% from 3,732,200 tonnes last week and up by 42.37% from 2,620,400 tonnes from a year earlier.  

Fig. 1: China’s coastal soybean carry-over stocks in recent years

Soybean meal: Soybean meal stocks continue a decline this week as soybean crush remains at a low level of 1.61 mln tonnes on week and soybean meal has been in better shipments for two weeks. In the week as of Apr 16, China’s soybean meal stocks in coastal regions are 648,800 tonnes, down 76,700 tonnes by 10.57% from 725,500 tonnes last week and also up 306.26% from 159,700 tonnes from a year earlier.

Fig. 2: China’s coastal soybean meal carry-over stocks in recent years

Outstanding contracts: The amount of soybean meal in outstanding contracts decreases this week. In the week as of Apr 16, outstanding contracts in mills in domestic coastal regions hold 4,398,600 tonnes not delivered, down 336,700 tonnes by 7.11% from 4,735,300 tonnes last week and up 11.54% from 3,943,500 tonnes year over year.

Fig. 3: China’s coastal soybean meal in outstanding contracts in recent years