The Big Crush
The Big Crush. 11/30/2022 6:00 PM CST. By Matthew Wilde,Progressive Farmer Crops Editor. Farmers will travel 50 miles or more to these 17 new, expanding and proposed soybean-crushing plants
The Big Crush
-- ADM and Marathon Petroleum Corp. are partnering to build a $350-million soybean-processing facility in Spiritwood, North Dakota. When complete in 2023, the facility is expected to produce...
Kenya's Soybean Oil Market Report 2023 Prices, Size
Soybean Oil Imports Imports into Kenya In 2021, supplies from abroad of soybean oil decreased by -6.6% to X tons, falling for the second year in a row after
Commodities 2023: Soybean derivatives supply under pressure
Argentina and Brazil make up more than half of the world's soybean oil and meal supply. Market participants are worried that the US Department of Agriculture's initial soybean crushing estimate of 39.75 million mt and production projection of 49.50 million mt for Argentina in marketing year 2022-23 (October-September) may be too high because the crushing could drop as the country faces severe
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Soy oil demand soars
The $105 million investment will include storage and handling upgrades, which will grow market access for farmer-owners and help move 30% more bushels and byproducts like soybean meal through the facility. Expected to be completed in late 2023, the construction project will bring total storage capacity to 850,000 bushels.
Soybean processing growth is crushing it
Demand DriversStrategic LocationsChanging FlowsMany of the crush plant announcements are being driven by the growth in renewable diesel. Demand for soybean oil to produce renewable diesel has started to grow and is projected to continue on that path. To produce extra soybean oil, crush capacity in the U.S. also must grow. In fact, some of the announced renewable diesel plants have been paired w...
Announced soybean processing projects to expand crush
January 6, 2023. The U.S. soybean processing industry intends to grow significantly over the next few years, with announcements for 23 plant expansions adding about 750 million bushels per day in crush capacity ?a 34% increase. Demand for soybean oil to produce renewable diesel is projected to continue growing.
Understanding Soybean Crush CME Group
Soybean Crushing. Nearly 2 billion bushels of soybeans are crushed every year. During the crush process, soybeans are cracked to remove the hull and then
The USDA Oilseeds Forecasts For 2023/24 in 6 Pictures
Vegetable oil demand will grow strongly thanks to renewable diesel. These forecasts may be dependent on Argentina economy recovering. What the USDA just forecasted for global vegetable protein meal and oil production and consumption for the 2023/24 marketing year (see USDA explanatory note at the end of this note) in 6 pictures (big
