Articles By Jane Li

Chinese authorities will offer around 980,000 million tonnes of imported soybeans for auction on Wednesday July 31, according to a notice issued by the country’s National Grain Trade Center (NGTC) on Friday July 26.

China’s soybean crush volume in the week ended July 19 declined from the previous week to 1.9 million tonnes, according to figures from the China National Grain and Oils Information Center (CNGOIC) released this week.

China concluded an imported soybeans auction on Wednesday July 24 with a total of 10,570 tonnes sold out of the 1.02 million tonnes offered, yielding a 1.04% clearance rate, sources have told Fastmarkets.

Chinese authorities will offer around 1.02 million tonnes of imported soybeans for auction on July 24, according to a notice issued by the country’s National Grain Trade Center (NGTC) on Monday July 22.

Chinese authorities will offer around 547,000 tonnes of imported soybeans for auction on Wednesday July 17, according to a notice issued by the country’s National Grain Trade Center (NGTC) on Friday.

China’s agriculture outlook committee (CAOC) has maintained its estimates and forecasts for production, consumption and imports for soybean, corn and vegoil for both 2023/24 and 2024/25 marketing years, according to its latest monthly Chinese Agricultural Supply and Demand Estimates (CASDE) released on Friday July 12.

Vegoil future prices in China have been dropping in the past days after a national food security scandal involving Sinograin shocked the nation and hurt consumer sentiment toward the sector, but market participants expect limited impact on soybean crushers going forward.

China’s soybean crush volume in the week ended Friday July 5 reached 1.99 million tonnes, down by 190,000 tonnes week on week but a growth of 20,000 tonnes from a month ago.

China’s imported soybean auction on Tuesday July 9 saw 202,226.32 tonnes sold out of the 565,547 tonnes offered, yielding a clearance rate of 35.8%, trade sources told Fastmarkets.

Chinese authorities will offer around 560,000 tonnes of imported soybeans for auction on Tuesday July 9, according to a notice issued by the country’s National Grain Trade Center (NGTC) on Monday July 8.

China’s imported soybean auction held on Friday July 5 saw around 349,317 tonnes sold out of the 914,864 tonnes offered, yielding a clearance rate of 38.2%, sources told Fastmarkets.

Brazilian farmers sold the largest daily volume of soybeans since the start of the 2023/24 marketing year, with sales bolstered by the recent sharp devaluation of the domestic currency, while China snapped up several cargoes on the export market, sources told Fastmarkets on Wednesday June 3.

China’s soybean crush volume in June reached 8.6 million tonnes, slightly lower than earlier market expectation of 9 million tonnes for the period, according to data released by the China National Grain and Oil Information Centre (CNGOIC) this week.

Chinese authorities will offer roughly 910,000 tonnes of imported soybeans for auction on Friday July 5, according to a notice issued by the country’s National Grain Trade Center (NGTC) on Wednesday July 3.

China’s imported soybean auction held on Friday June 28 saw around 154,668 tonnes sold out of the 899,379 tonnes offered, yielding a clearance rate of 17.2%, sources told Fastmarkets.

China’s soybean crush volume rose by 40,000 tonnes to 1.94 million tonnes in the week to June 21 compared with the previous week, according to the most recent data released by the China National Grain and Oil Information Centre (CNGOIC).

The Chinese authorities will offer 960,000 tonnes or so of imported soybeans for auction on Friday June 28, according to a notice issued by the country’s National Grain Trade Center (NGTC) on Tuesday June 25.

China’s imported soybean auction held on Friday June 21 saw around 182,700 tonnes sold out of the 993,800 tonnes offered, yielding a clearance rate of 18.38%, sources told Fastmarkets.

Soymeal prices in China have been dropping since early June amid ample supply and slow downstream buying, which could dent crushers’ appetite for imported soybeans, sources told Fastmarkets.

China’s soybean crush volume dropped by 60,000 tonnes to 1.90 million tonnes in the week to June 14 compared with the previous week, according to data released by the China National Grain and Oil Information Centre (CNGOIC) on Tuesday June 18.