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North Dakota's soybean crush capacity has grown from zero to about 100 million bushels since fall 2023, with Green Bison in Spiritwood opening in September 2023 and North Dakota Soybean Processors in Casselton starting intake in July 2024. A third plant proposed by Epitome Energy in Grand Forks has permits but has not started construction.
New in-state crush capacity keeps more soybeans in North Dakota rather than shipping whole beans to the Pacific Northwest, supporting local soybean meal and oil supply and improving local basis for farmers.
soygrowers.comJordan BrightSep 20, 2024After 230 past neutral logistics events, Soybeans moved a median +0.4% over 5 sessions (55% higher; middle half -1.4% to +2.0%), and +0.1% over 20.
After 34 past bearish logistics events, Soybean Meal moved a median +0.4% over 5 sessions (53% higher; middle half -1.8% to +2.6%), and -1.2% over 20.
After 85 past bullish logistics events, Soybean Oil moved a median +0.7% over 5 sessions (64% higher; middle half -1.3% to +2.7%), and +3.1% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
