China: Oilseeds and Products Update
Link to report:
Marketing year (MY) 20/21 soybean imports are forecast at 95 MMT, an increase of 4 MMT compared to the June update based on larger stocks and growing soybean meal feed use for the expanding swine and poultry sectors. Likewise, MY19/20 soybean imports are estimated at 95 MMT, up by 5 MMT over the last report based on trade data, including a third straight month of record imports from Brazil and total imports of about 79 MMT during the first 10 months of the marketing year. China’s MY20/21 soybean production is forecast unchanged from the last report at 18 MMT based on normal plant growth and favorable weather.
