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North Dakota farmers now have two new soybean crush plants, which together can process about half the state's crop, reducing dependence on China. The state ships about 90% of its soybeans out of state, with roughly two-thirds going to China and Southeast Asia, while the US-China trade talks remain unresolved.
Domestic crush capacity supports local soybean basis and adds soymeal and soybean oil supply, but China's buying still sets the export price ceiling. Trade-talk outcomes remain the main price risk.
agweek.comJeff Beach, North Dakota MonitorMay 19, 2025After 250 past neutral trade events, SOY moved a median +0.0% over 5 sessions (50% higher; middle half -1.4% to +1.6%), and -0.2% over 20.
After 224 past neutral trade events, SBM moved a median -0.2% over 5 sessions (43% higher; middle half -1.7% to +1.2%), and -0.2% 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.
