Soybean processing and product inventories in China

According to data from the China National Grain and Oil Information Center (CNGOIC), the volume of soybean processing in China in the period from January 13 to 19 increased by 5% compared to the previous week and amounted to 1.7 million tons. This figure also exceeds the results of the same period last year by 46%.

In addition, it is noted that as of January 19, the country's soybean meal inventories are estimated at 1 million tons, which is an increase of 5% for the week, 12% for the month and twice as much as a year ago. Soybean oil inventories are 870 thousand tons, down 2% for the week, 5% for the month and up 21% year over year.