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The American Soybean Association's chief economist reports 23 announced U.S. soybean crush plant expansions, adding about 750 million bushels per year of capacity, with 13 new plants and 10 expansions. Many announcements are paired with renewable diesel projects, though the author notes that some have not yet started construction.
Expanded crush capacity increases soybean demand from processors while adding meal and oil supply, which tends to pressure meal and oil prices unless biofuel demand keeps pace.
mosoy.orgJan 19, 2023Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
