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At the South Dakota Soybean Association's Ag Outlook meeting, Prairie AquaTech's CEO said a plant near Volga, South Dakota, will open in spring 2019 to make soy-based aquaculture feed. The plant will convert about 50,000 tons of state soybean meal into 30,000 tons of product, which he says sells for about $1,500 per ton against roughly $400 per ton for meal.
The project creates a new higher-value outlet for soybean meal, which could add modest regional demand. The effect on national soybean meal prices is likely small at this scale.
agweek.comMichelle Rook, AgweekTV AnchorDec 17, 2018Not 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.
