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ASA chief economist Scott Gerlt reports 23 announced U.S. soybean crush plant expansions that would add about 750 million bushels a year of capacity. Many are tied to renewable diesel projects, though completion depends on policy, permits and financing.
Expanding crush capacity increases demand for soybeans and yields more meal and oil, supporting soybean prices while adding future meal supply.
soygrowers.comNov 10, 2022After 747 past bullish report events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.1%), and +0.8% over 20.
After 399 past bearish report events, Soybean Meal moved a median -0.4% over 5 sessions (44% higher; middle half -2.4% to +1.2%), and -1.0% over 20.
After 146 past bearish report events, Soybean Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.8% to +1.9%), and +0.4% 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.
