Aug 26, 2021

ADM Plans $350M Soybean Plant in North Dakota

Plant will process up to 150,000 bushels/day and create 70 permanent jobs

source: Grand Forks Herald

A $350 million soybean crushing and refining plant is planned in Spiritwood, ND, which will have significant benefits to the state’s agriculture industry and economy.

ADM said the plant at the Spiritwood Energy Park Association industrial site will create about 70 permanent jobs and have the capacity to process up to 150,000 bushels of soybeans/day, or more than 54 million/year.

ADM said the plant will produce soybean meal and vegetable oil for food, feed, industrial and fuel customers, including producers of renewable diesel.

Soybean oil from the plant would be shipped to the Marathon Petroleum refinery in Dickinson, ND, to make renewable diesel.

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Marketwatch: Jan, 18

US Corn Price Idx: ZCPAUS.CM

open: 5.7667
high: 5.8486
low: 5.7266
close: 5.8288

US Soybean Price Idx: ZSPAUS.CM

open: 13.366
high: 13.376
low: 13.2328
close: 13.2696

US Hard Red Winter Wheat Price Idx: KEPAUS.CM

open: 7.3061
high: 7.3384
low: 7.2334
close: 7.2454

US Soft Red Winter Wheat Price Idx: ZWPAUS.CM

open: 7.0114
high: 7.0566
low: 6.9566
close: 7.0014