# Good timing, immediate impact: AGP opens soy processing plant in Aberdeen - Agweek | #1 source for agriculture news, farming, markets

> Ag Processing Inc. held the grand opening on July 17, 2019 of a $300 million soybean crushing plant in Aberdeen, South Dakota. The plant is expected to process 50 to 60 million bushels a year and begin commercial operations by the end of July.

- Date: 2019-07-29 · published 2019-07-29T12:00:00.000Z
- Category: logistics · region US · magnitude low
- Page: https://feedsoft.ai/events/58165-good-timing-immediate-impact-agp-opens-soy-processing-plant-in-aberdeen-agweek
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

New crush capacity in the northwestern Corn Belt adds local soybean demand and supports basis there, and it produces additional soybean meal and oil for the market.

## Read by commodity

- SBM: bearish ▼
- SBO: bearish ▼
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2025-02-26 | [Argentine oilseed union threatens strike in key soy processing plants](https://feedsoft.ai/events/13877-argentine-oilseed-union-threatens-strike-in-key-soy-processing-plants.md) | -4.6% | -2.9% |
| SOY | 2021-08-31 | [Louisiana Ports Shutdown May Impact Agriculture Exports - TT](https://feedsoft.ai/events/45468-louisiana-ports-shutdown-may-impact-agriculture-exports-tt.md) | -2.8% | -2.1% |
| SOY | 2021-05-20 | [New strike actions renew pressure on Argentine grain shipments - Fastmarkets](https://feedsoft.ai/events/46937-new-strike-actions-renew-pressure-on-argentine-grain-shipments-fastmarkets.md) | -2.3% | -13.6% |
| SOY | 2026-07-16 | [Grain market favours minor bulk operators such as Pacific Basin but for how long? - Hong Kong Maritime Hub](https://feedsoft.ai/events/18557-grain-market-favours-minor-bulk-operators-such-as-pacific-basin-but-for-how.md) | +3.2% | -3.2% |
| SOY | 2020-12-23 | [Soybeans gain as South American supply falters - Markets - Business Recorder](https://feedsoft.ai/events/49494-soybeans-gain-as-south-american-supply-falters-markets-business-recorder.md) | +4.5% | +5.2% |
| SBM | 2022-10-18 | [Sunflowers and soybeans in Ukraine are falling in price against the background of the new harvest and limited exports 18.10.2022 - UkrAgroConsult](https://feedsoft.ai/events/39249-sunflowers-and-soybeans-in-ukraine-are-falling-in-price-against-the-background.md) | -0.1% | -1.4% |
| SBM | 2022-05-04 | [Soybean prices in Ukraine are falling amid falling demand for meal and cake](https://feedsoft.ai/events/41517-soybean-prices-in-ukraine-are-falling-amid-falling-demand-for-meal-and-cake.md) | -6.2% | -3.9% |
| SBM | 2019-07-18 | [Price of soybeans fall in Brazil due to freight - DatamarNews](https://feedsoft.ai/events/58296-price-of-soybeans-fall-in-brazil-due-to-freight-datamarnews.md) | -0.4% | -4.7% |

## Sources

- agweek.com: https://www.agweek.com/business/good-timing-immediate-impact-agp-opens-soy-processing-plant-in-aberdeen

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