# ADM to expand North American soybean crushing operations amid high biofuel demand

> 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.

- Date: 2021-07-27 · published 2021-07-27T12:00:00.000Z
- Category: market · region US · magnitude medium
- Page: https://feedsoft.ai/events/46149-adm-to-expand-north-american-soybean-crushing-operations-amid-high-biofuel
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Expanded crush capacity lifts demand for soybeans and increases meal output, while the biofuel-driven oil pull supports soybean oil prices.

## Read by commodity

- SBM: neutral
- SBO: bullish ▲
- SOY: bullish ▲

## Sources

- spglobal.com: https://www.spglobal.com/commodity-insights/en/news-research/latest-news/agriculture/072721-adm-to-expand-north-american-soybean-crushing-operations-amid-high-biofuel-demand

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