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DTN analyst Todd Hultman reports that U.S. soybean crush values are surging as renewable diesel plants add processing capacity. The U.S. is expected to plant a record 91 million acres of soybeans and may carry only about 200 million bushels into the new crop.
Cash beans are trading above $16 per bushel across much of the Midwest.
New renewable diesel-driven crush capacity pulls more soybeans into processing, tightening bean supplies and lifting soybean oil demand. The extra crush also adds meal supply, which can pressure meal prices.
farmweeknow.comTODD HULTMAN, DTN lead analystMay 2, 2022Not 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.
