USA: New processors to change North Dakota's export-oriented soybean sector

게시됨 2022년 11월 15일

Tridge 요약

North Dakota is set to see a revolution in its soybean industry with the opening of two new refineries in 2023 and 2024, aiming to increase U.S. soybean processing capacity by 30% in the next four years. This surge in capacity is part of a wider $350 million investment in building a soybean processing plant in Spiritwood, funded by Archer-Daniels-Midland and Marathon Oil. The plant will produce soybean oil for renewable diesel and soybean meal for livestock, potentially disrupting traditional export flows. The article also touches on the challenges and opportunities that lie ahead for the U.S. soybean industry, including the need to expand markets for soybean meal to avoid a feed ingredient glut, the effects on crop marketing and grain flows, and the implications for international trade.

면책 조항: 위의 요약은 정보 제공 목적으로 Tridge 자체 학습 AI 모델에 의해 생성되었습니다.

원본 콘텐츠

North Dakota's soybean industry is at the forefront of what could become a 50-year event in the coming years, with two new refineries scheduled to open in 2023 and 2024 to meet growing domestic biofuel production. U.S. soybean processing capacity could increase by as much as 30% over the next four years, with more than a dozen new facilities or expansions planned as part of a nationwide wave of investment in processing the main U.S. export crop, primarily to supply vegetable oil to renewable diesel producers. fuel. This will upend traditional trade flows as exports of whole soybeans to markets such as China give way to increased domestic demand and more overseas supplies of soybean meal, a product that China does not normally import. Nowhere will this shift be more dramatic than in North Dakota, the 4th largest soybean-producing state in the US, which sends about 70% of its high-protein oilseed crop to China every year. Instead, the new facilities will be able to process half of ...

출처: Oilworld