soybean soybean oil press mill in ivory coast

                                               
                                               
                                               
                                               
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  • How will the soybean processing industry change over the next year?
  • By Scott Gerlt, American Soybean Association economist. The soybean processing industry intends to significantly grow over the next few years. This change will open up more domestic opportunities for soybean consumption. Soybeans are almost never used whole but are instead “crushed” to produce soybean meal and soybean oil.
  • Why is Louisiana expanding its soybean industry?
  • Whole beans tend to be easier to transport than meal, which gives an advantage to crushing locally. With announced expansion, Louisiana would go from being a net importer of its soy production to a net exporter. Several large renewable diesel plants are planned for the New Orleans area, which would need the soybean oil.
  • Why is soybean production increasing in the northern plains?
  • In general, the newly announced crushing plants are more west and north than previous plants. Soybean production has been expanding in this direction. The Northern Plains were more export-dependent, as crush capacity and animal ag did not exist locally to utilize soybeans in those locations.
  • Will New Orleans use soybean oil?
  • Several large renewable diesel plants are planned for the New Orleans area, which would need the soybean oil. North Dakota would transition from utilizing less than 10% of its soybean production to about 50%, and Nebraska would transition from 42% to 80%.