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Analyst Ed Usset notes that announced US soybean crush expansions could reach about 600 million bushels of added annual capacity, roughly 25% to 33% of current capacity. The expansion is driven by anticipated renewable diesel demand and supported by currently high crush margins.
Growing crush capacity increases demand for soybeans and generates more soymeal supply, tying soybean prices to biofuel demand and pressuring meal values over time.
farmprogress.comEd UssetDec 20, 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.
