Mike Pearson takes a look at why U.S. soybean products are so valuable in the marketplace.
Soybeans are valuable for many reasons. One of which is that for ever 60 pound bushel of soybeans, there are 47 pounds of soybean meal and 11 pounds of soy oil.
Breaking the soybean into parts is the soy crash. When the crush is strong, that means there are more more beans being processed.
As of November 2023, there were were 200 million pounds of beans processed– that’s up 5 percent more than 2022.
There is also more demand for soy oil.
Renewable diesel is also continuing to grow in popularity.
Crude…
