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Soybean futures touched $16 per bushel in Chicago on May 11, 2021, the highest since 2012, as Chinese demand and weather concerns in key growing areas raised supply fears. ADM also announced a North Dakota soy-crushing and refining plant, and renewable diesel demand is growing.
Rising crush capacity and biofuel-driven oil demand support soybean prices and increase soymeal output, shaping feed input costs over coming years.
farmpolicynews.illinois.eduKeith GoodJun 1, 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.
