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US agricultural cooperatives are building soybean crushing plants at the fastest pace in 20 years, with new capacity to process at least 120 million bushels in 2019. Crush margins rose above $1 per bushel, the strongest in about 18 months, according to CME Group.
Ag Processing Inc. is building a 40-million-bushel plant in Aberdeen, South Dakota.
Expanding crush capacity increases future soybean meal output, which is bearish for meal prices over time while supporting soybean demand and bean basis.
thenews.coopMore articles by Co-operative NewsDec 19, 2017Not 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.
