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ADM reported Q2 net earnings up 50.8% to $712 million and said it will expand North American soybean crushing to meet renewable fuel demand. The company expects North American soymeal demand to grow 2%-3% a year and sees China importing an extra 2 million tonnes of soybeans.
Expanded crush capacity lifts demand for soybeans and increases meal output, while the biofuel-driven oil pull supports soybean oil prices.
spglobal.comJul 27, 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.
