Loading…
CGB Enterprises and Minnesota Soybean Processors formed a joint venture to build a soybean crushing plant near Casselton, North Dakota. The facility is expected to crush 42.5 million bushels in its first year and be fully operational by 2024, with construction starting in spring 2022.
The plant will produce soybean meal and food-grade soybean oil for renewable fuel and food users.
New crush capacity adds demand for soybeans and soybean oil, while the added meal output is bearish for soybean meal prices. The project is a long-term capacity addition and has limited near-term price impact.
spglobal.comDec 23, 2021Not 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.
