The latest monthly report of London-based International Grains Council (IGC) shows the Chinese soybean yield in 2015/16 (October 2015 to September 2016) is expected to be 11.9 Million Ton, lower than the 12.2 Million Ton in the previous year.

The report shows the Chinese soybean import volume in 2015/16 is expected to be 78 Million Ton, higher than the 74 Million Ton in the previous year. The total soybean supply is expected to be 101.8 Million Ton, and was 99.1 Million Ton in the previous year.

The report shows that total Chinese soybean consumption in 2015/16 is expected to be 90.5 Million Ton, higher than the 87 Million Ton in the previous year, among which the soybean squeezing volume is expected to be 76.3 Million Ton, and was 73.5 Million Ton in the previous year.

The term-end inventory of Chinese soybean in 2015/16 is expected to be 11.1 Million Ton, and was 11.9 Million Ton in the previous year.