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Landus Cooperative finished a $27 million expansion of its Ralston, Iowa soybean plant, raising crush capacity by 50% to about 20 million bushels a year. Next door, the REG biodiesel plant is starting a $24 million expansion.
More local crush capacity supports soybean bids in Iowa and adds expeller meal supply, which is a mild bearish factor for meal. The biodiesel expansion adds demand for soybean oil feedstock.
farmprogress.comRod Swoboda 1Nov 14, 2016Not 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.
