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Ag Processing Inc. is opening a grower-owned soybean processing plant in Aberdeen, South Dakota, that will crush almost 50 million bushels a year. Local production is about 126 million bushels within 100 miles.
The company says demand for US soybeans and products continues despite trade disruptions.
New crush capacity in the Northern Plains adds local soybean demand and soymeal supply, a modest support for regional soybean basis, though the plant's effect on national prices is limited.
farmforum.netConnie Sieh GroopMar 28, 2019Not 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.
