The US soybean processing industry is grappling with a myriad of challenges, including plummeting prices, labor shortages, and regulatory complexities, warns an industry consultant.
Louis Dreyfus Company (LDC) is to construct a new soybean processing plant in Ohio. The facility will comprise crushing, vegetable oil refining and lecithin production and packaging capabilities.
As industry experts warn that some US soy crush expansion projects could be put in jeopardy by EPA proposals, ADM confirms its soybean crushing plant in Spiritwood, North Dakota, is set to come on stream in Q3 2023.
A transformation is underway in the US soybean market, says former Bunge procurement director, Gordon Denny, who also advices the United Soybean Board and US Soybean Export Council.
US based soy processor, Perdue AgriBusiness, and startup, ZeaKal, have announced a multi-year development agreement to raise more sustainable poultry through improved soy genetics and feed quality.