Loading…
A CoBank report says three new US soybean processing plants, two expected by end-2019 in Michigan and South Dakota and one by 2021 in North Dakota, could add at least 6% to US crush capacity, about 120 million bushels a year. The report warns that processor margins could be squeezed by late 2019 if overseas demand for meal and oil does not grow to absorb the output.
Expanded crush capacity will raise domestic meal and oil supply, which is bearish for soybean meal and oil prices unless export demand keeps pace. Soybean bean demand from crushers rises, which is mildly supportive for soybeans.
farmprogress.comDec 10, 2018
feedstuffs.comDec 12, 2018Not 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.
