In Washington, Brownfield Ag News reports USDA data shows that corn consumption for ethanol production fell in February 399.844 million bushels, 9% lower on the month and 2% lower on the year. Poor crushing margins met lower demand due to fears of higher fuel prices, weighing on corn demand for crushing. The soybean crush also […]
In Kentucky, Continental Refining Company (CRC) is now purchasing soybeans from farmers in Central Kentucky. CRC’s soybean processing facility is fully operational and has the ability to process 330 tons of soybeans into 250 tons of high-protein soybean meal daily, with the potential to expand production to over 500 tons per day. Soybean hulls, a […]
In Kansas, farmers in Kansas and Oklahoma will have access to the rapidly growing renewable fuels market after Scoular converts a facility in Goodland, Kansas, into a dual oilseed crush plant. Scoular announced today that it will recommission the former sunflower crush plant outside of Goodland that it purchased in 2021. The Nebraska-based agribusiness will […]
In Missouri, grocery prices have increased 21% (from January 2020 to August 2022), and retail fat and oil prices have increased 30% — soybean oil being a key ingredient for frying, baking, margarine, cooking oils and salad dressings. Pair that with soy oil used for biofuel production, which has quadrupled over the past decade, and […]
In South Dakota, the Grand Forks Herald newspaper reports Epitome Energy has chosen the city to site its new $400 million soybean crushing plant that will crush 42 million bushels of soybeans annually. The oil is likely to go towards renewable diesel production while the meal will go to animal feed. The facility was meant […]
In Mississippi, Oxbow Crush has acquired a soybean processing plant located in Greenwood, Mississippi. When fully operational, the plant will process over 20 million bushels per year. In conjunction with the acquisition, Oxbow also completed funding arrangements from a group of investors including The Energy and Minerals Group, Yorktown Energy Partners XII, L.P., Solaris Energy […]
In Nebraska, DTN reports CHS says 9 million more acres of soybeans needs to be grown to supply the soybean crushing and renewable diesel plants under construction, which will force farmers to move away from corn and towards soybeans to meet that demand. But even shifting corn acres to soy won’t be enough as states […]
In the Ukraine, GrainTrade reports soybean oil prices fell by nearly 17% on the week on the Chicago Board of Trade as a result of the Environmental Protection Agency only raising biodiesel blending by 1% over the next three years, together with the EPA also approving canola as an approved biodiesel feedstock. Prices are now […]
In Illinois, Fastmarkets reports soybean oil prices have fallen for the first time in four weeks, helping to boost margins for biodiesel producers above the 10-cent spread where it had fallen to below recently due to higher feedstock prices. Soybean oil stocks were reported to be at a 24-month low in October, which had pushed […]
In Minnesota, synthetic biology firm Calyxt, Inc., has completed the first phase of a research collaboration aimed at developing a soybean capable of producing an oil capable of replacing palm oil in commercial applications. The collaboration with an unnamed, leading global food ingredient manufacturer based in Asia leverages Calyxt’s proprietary PlantSpring™ platform for engineering plant […]
