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: Aug, 07

US Corn Price Idx: ZCPAUS.CM

open: 6.7443
high: 6.8936
low: 6.7243
close: 6.8512

US Soybean Price Idx: ZSPAUS.CM

open: 14.638
high: 14.7188
low: 14.4386
close: 14.5691

US Hard Red Winter Wheat Price Idx: KEPAUS.CM

open: 8.0837
high: 8.1294
low: 7.9473
close: 7.9783

US Soft Red Winter Wheat Price Idx: ZWPAUS.CM

open: 7.2701
high: 7.3501
low: 7.1751
close: 7.2359