Weekly soybean processing volume in China reached 2 million tons

The China National Grain and Oil Information Center (CNGOIC) reported that as of June 7, weekly soybean processing volume was estimated at 2.0 million tons (+9% m/m, -9% y/y).

Soybean stocks at major processing plants totaled 5.4 million tons (+15% m/m, +12% y/y).

Meanwhile, soybean meal stocks totaled 910,000 tons (+54%, +82%) and soybean oil stocks totaled 920,000 tons (+16%, +12%).

Tags: China, soybean