# Cargill to buy soybean processor and oil refiner Owensboro Grain

> Cargill agreed to acquire soybean processor and refiner Owensboro Grain Company, expanding its oilseed crush capacity. The deal responds to rising demand for vegetable oils for renewable diesel and increasing soybean meal exports.

- Date: 2022-11-28 · published 2022-11-28T12:00:00.000Z
- Category: trade · region US · magnitude low
- Page: https://feedsoft.ai/events/38752-cargill-to-buy-soybean-processor-and-oil-refiner-owensboro-grain
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Added crush capacity increases soybean meal supply over time and reflects strong soybean oil demand from biofuels, a mixed signal for meal prices and a supportive one for oil.

## Read by commodity

- SBM: bearish ▼
- SBO: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2021-01-27 | [The sharp rise in prices of soybean oil will support prices for sunflower oil and sunflower](https://feedsoft.ai/events/49249-the-sharp-rise-in-prices-of-soybean-oil-will-support-prices-for-sunflower-oil.md) | +3.8% | +13.1% |
| SBO | 2026-09-01 | [After the Bell \| Grain and energy rally - Pro Farmer](https://feedsoft.ai/events/10977-after-the-bell-grain-and-energy-rally-pro-farmer.md) | -3.7% | -6.6% |
| SBO | 2023-11-22 | [Global soybean oil prices continue to rise amid tight supply](https://feedsoft.ai/events/33253-global-soybean-oil-prices-continue-to-rise-amid-tight-supply.md) | -1.2% | -4.4% |
| SBO | 2022-01-12 | [Soybean oil demand expected to erupt – AgriNews](https://feedsoft.ai/events/15425-soybean-oil-demand-expected-to-erupt-agrinews.md) | -0.8% | +4.6% |
| SBO | 2017-10-10 | [Ukraine: European buyers increase bid prices for soybean oil – Business World](https://feedsoft.ai/events/68547-ukraine-european-buyers-increase-bid-prices-for-soybean-oil-business-world.md) | +1.7% | +5.2% |
| SBM | 2020-11-25 | [Chinese buyers look to cancel U.S. soybean orders as processing margins shrink \| Financial Post](https://feedsoft.ai/events/50175-chinese-buyers-look-to-cancel-u-s-soybean-orders-as-processing-margins-shrink.md) | -2.2% | +5.7% |
| SBM | 2023-04-05 | [China's soybean demand likely to remain soft until May amid poor crush margins](https://feedsoft.ai/events/36386-china-s-soybean-demand-likely-to-remain-soft-until-may-amid-poor-crush-margins.md) | +0.2% | -6.0% |
| SBM | 2026-05-14 | [U.S. Grain/Oilseed Review: CBOT falls under the weight of soybeans \| The Western Producer](https://feedsoft.ai/events/9305-u-s-grain-oilseed-review-cbot-falls-under-the-weight-of-soybeans-the-western.md) | -2.8% | -12.8% |

## Sources

- reuters.com: https://www.reuters.com/markets/deals/cargill-buy-soybean-processor-oil-refiner-owensboro-grain-2022-11-28/

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