# New soybean processing plant will add value to local ag community

> 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.

- Date: 2019-03-28 · published 2019-03-28T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/60159-new-soybean-processing-plant-will-add-value-to-local-ag-community
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

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.

## Read by commodity

- SBM: neutral
- SOY: bullish ▲

## Sources

- farmforum.net: https://www.farmforum.net/story/news/agriculture/2019/03/28/new-soybean-processing-plant-will-add-value-to-local-ag-community/118987050/

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