# Soybean Crush Expert Gordon Denny Gets Right To The Point

> Consultant Gordon Denny told buyers at a US Soybean Export Council conference in Bogota that new US crush plants will lift soybean meal output by about 10 million mt, from 48 to 58 mmt, by 2026. He argued that renewable diesel demand is driving this expansion and that the added meal supply will lower meal prices.

- Date: 2024-06-20 · published 2024-06-20T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/29842-soybean-crush-expert-gordon-denny-gets-right-to-the-point
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A rapid rise in US crush capacity means more soybean meal supply, which is bearish for meal prices and could lower feed costs for livestock buyers.

## Read by commodity

- SBM: bearish ▼
- SOY: neutral

## Sources

- iasoybeans.com: https://www.iasoybeans.com/newsroom/article/us-soy-needs-you-more-than-ever-ag-consultant-tells-buyers-in-bogota

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.