Diesel demand is driving demand for soy crush

Demand for soy crush capacity is being largely driven by demand for renewable diesel.

Managers at AGP say industry-wide, crush will increase by more than 300 million bushels after a sharp rise in demand. The company is currently building a new soy crush facility in eastern Nebraska that will focus on soybean oil for the domestic market along with meal and oil exports.

They say right now, the demand for soybean oil is high and they expect to experience the biggest growth the industry has seen in a long time.

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“It’s really disruptive! When you talk to farm groups and individual farmers, there is a lot of concern that this is impacting Canada’s reputation with customers around the world.”