Jan 28, 2019

Proposed Minnesota Biodiesel Plant Would Create Soybean Demand

Proposed Crookston facility might mean 100 jobs, create local demand in an 11-county area

A soybean-crushing facility slated for construction in 2021 near Crookston, MN, will help farmers in northern Minnesota who are now being paid less for soybeans because of their distance from customers reports theStar-Tribune.

Soybeans will be crushed into biodiesel fuel at the $150 million plant, creating local demand for soybeans in an 11-county area around Crookston.

The plant will also create 100 jobs, and part of the project is a smaller specialty soybean-crushing facility that would be used to process non-GMO or organic soybeans.

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Marketwatch: Mar, 26

US Corn Price Idx:ZCPAUS.CM

open: 7.1928
high: 7.2696
low: 7.1928
close: 7.2655

US Soybean Price Idx:ZSPAUS.CM

open: 16.4322
high: 16.629
low: 16.3972
close: 16.5898

US Hard Red Winter Wheat Price Idx:KEPAUS.CM

open: 10.133
high: 10.2858
low: 9.9793
close: 10.2355

US Soft Red Winter Wheat Price Idx:ZWPAUS.CM

open: 10.1704
high: 10.3439
low: 10.0264
close: 10.293